Current Affairs - Business

SAJEX 2025 was launched in Jeddah as part of India’s efforts to boost jewellery trade with Saudi Arabia and the Gulf Cooperation Council (GCC). Organised by the Gem & Jewellery Export Promotion Council with support from the Indian Consulate in Jeddah, the Indian Embassy in Riyadh, and the Ministry of Commerce & Industry, the event was hosted at the Jeddah Superdome from September 11–13. Featuring over 200 exhibitors and thousands of buyers, it showcased diamonds, coloured gemstones, gold jewellery, and lab-grown diamonds. This initiative aligns with Saudi Arabia’s Vision 2030 and underscores India’s leadership in the global jewellery industry.

Oracle co-founder Larry Ellison surpassed Elon Musk to become the world’s richest person in September 2025, with his net worth soaring to $395.7 billion. This dramatic rise was fueled by a 41% surge in Oracle’s stock, its biggest jump since 1992, largely driven by booming demand for AI and cloud computing services. Oracle’s strong revenue forecasts and rapid cloud growth positioned the company as a major contender against tech giants like Microsoft, Amazon, and Google. Ellison’s wealth increase of $101 billion in a single day highlights the transformative impact of AI-driven enterprise solutions on global markets and billionaire rankings.

Skechers has appointed Mohammed Siraj, one of India’s leading fast bowlers, as its brand ambassador to expand its presence in the cricket footwear market. Known for his pace and consistency, Siraj has become a standout performer in both international cricket and the IPL. His inspiring journey and growing popularity among the youth make him an ideal fit for Skechers’ campaign, which aims to highlight performance-driven products at affordable prices. With this collaboration, Skechers seeks to strengthen its foothold in India’s cricketing landscape and position itself alongside global sportswear giants like Adidas, Puma, and Nike.

Steel Authority of India Limited (SAIL), a Maharatna Central Public Sector Enterprise, has entered into a partnership with The Art of Living to improve employee well-being. The collaboration focuses on delivering structured programs that emphasise emotional resilience, mindfulness, and leadership development. These initiatives are designed to help employees manage stress effectively, enhance productivity, and foster a more harmonious workplace environment. By aligning individual well-being with organizational growth, SAIL aims to build a healthier, more motivated workforce. This initiative also reflects the growing emphasis on mental health and holistic development in India’s corporate and public sector ecosystem.

Adani Power has partnered with Druk Green Power Corporation to establish a 570MW hydroelectric project in Bhutan with a massive investment of Rs 6,000 crore. The project will be developed under the BOOT (Build, Own, Operate, Transfer) model, ensuring long-term sustainability and infrastructure development in the region. The agreements, including a power purchase agreement and concession agreement, were signed in the presence of Bhutan’s Prime Minister Dasho Tshering Tobgay and Adani Group Chairman Gautam Adani. This collaboration strengthens the energy cooperation between India and Bhutan, supporting clean power generation and promoting regional energy security in South Asia.