Current Affairs - Business

Renault Group has announced its decision to acquire Nissan’s remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), making Renault the sole owner of the Chennai-based manufacturing plant. This move reflects Renault’s strategic shift to strengthen its control over manufacturing operations in India, allowing greater autonomy in production and market expansion. The acquisition follows a 2023 agreement in which Renault and Nissan jointly invested $600 million for new models in India. Renault’s full ownership signals a more independent approach to its Indian market strategy.

Jasprit Bumrah has been announced as the brand ambassador of L&T Finance Ltd. This strategic partnership aims to enhance LTF’s brand presence across India and connect with a wide range of customers. Bumrah, known for his dynamic cricketing career, will play a key role in LTF’s marketing campaigns, both Above The Line (ATL) and Below The Line (BTL), to boost brand awareness, customer engagement, and promote the company’s diverse financial products and services. His association reflects LTF’s vision to connect with a broader, diverse audience effectively.

JSW Steel has achieved the remarkable feat of becoming the world’s highest-valued steel manufacturer, surpassing US-based Nucor Corp. The company’s market capitalisation crossed the $30 billion mark, driven by strong stock performance and government support against low-cost steel imports. This milestone positions JSW Steel ahead of major global steel players like ArcelorMittal, Nippon Steel, and Baoshan Iron. The company’s performance has been fueled by increased domestic demand for steel and its ability to navigate challenges in the global steel market.

Muthoot FinCorp Ltd. was awarded the prestigious Superbrand 2025 title, marking a key achievement in its 138-year history. As the first gold loan NBFC to receive this title, it was recognized for its outstanding consumer trust, goodwill, and leadership. This award reflects the company’s strong brand equity, its solid relationships with customers, and its broad impact across both urban and rural markets, highlighting its leadership in the financial sector.

Reliance Industries Ltd (RIL), led by Mukesh Ambani, acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL). This acquisition, valued at ₹1 lakh, is part of RIL's strategy to expand its shipyard operations and enhance its presence in key sectors such as naval, defence, and energy. The deal also involves further plans to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL), strengthening Reliance's footprint in the shipbuilding industry.