Current Affairs - Business

Tata Power has partnered with Amazon Web Services (AWS) to modernize its digital infrastructure and help accelerate India’s transition to a smarter and more sustainable energy ecosystem. This collaboration focuses on using cloud technology to enhance operational efficiency, strengthen grid resilience, and improve consumer energy management. The integration of cloud computing, AI, and IoT into Tata Power’s operations will enable smarter energy distribution and promote sustainability by encouraging energy conservation and more efficient consumption.

LIC (Life Insurance Corporation) launched the ‘One Man Office’ (OMO) digital platform on February 17, 2025. This platform allows agents and sales associates to sell policies, track business, and offer continuous customer service. The initiative is aimed at enhancing the efficiency and productivity of LIC’s sales force. By introducing OMO, LIC strives to provide better service and empower its agents with the necessary tools to operate effectively in the digital age.

360 ONE Asset is set to acquire a 15% stake in Bharti AXA Life Insurance. This acquisition is part of the company's strategy to infuse fresh capital, drive innovation, and enhance its market presence. The move will provide Bharti AXA with the necessary financial resources to expand its operations, improve its product offerings, and strengthen its competitiveness in the rapidly evolving insurance sector. This stake acquisition will play a pivotal role in Bharti AXA's growth strategy and financial stability.

Reliance New Energy Battery Limited, a subsidiary of Reliance Industries, secured a 10 GWh capacity under India’s PLI ACC Scheme, which aims to enhance domestic battery manufacturing and reduce import dependence. This allocation is part of India's broader push for self-reliance in advanced battery technologies, which are crucial for the electric vehicle and renewable energy sectors. The move strengthens Reliance's position in the battery manufacturing sector and aligns with its clean energy investments, helping the company play a significant role in India's electric mobility and renewable energy growth.

Reliance Industries Limited (RIL) secured the 2nd spot in the FutureBrand Index 2024, surpassing global giants such as Apple, Nike, and Disney. This marks the first time an Indian company has entered the top three. Reliance's rise from 13th place in 2023 to 2nd position in 2024 reflects its strong brand perception, diversification into key sectors like energy, telecommunications, and retail, and its growing global influence. This achievement underscores Reliance's strategic expansion and its leadership in building consumer trust and brand value across multiple industries.