Current Affairs - Business

Steel Authority of India Limited (SAIL) has been re-certified as a ‘Great Place to Work’ for the period January 2025 to January 2026 by the Great Place to Work Institute, India. This marks SAIL’s second consecutive certification, emphasizing its commitment to fostering a positive work environment through innovative HR practices, employee empowerment, and trust-building initiatives. SAIL's programs, such as flexible work schemes and leadership development partnerships with premier institutions, underscore its dedication to enhancing employee satisfaction and maintaining excellence in workplace culture.

Reliance Industries, through its subsidiary RSBVL, acquired Karkinos Healthcare for ₹375 crore. This strategic acquisition focuses on enhancing Reliance’s healthcare portfolio, especially in oncology. Karkinos specializes in early cancer detection and treatment, and with partnerships with 60 hospitals and plans to establish a cancer hospital in Imphal, the acquisition is expected to significantly expand Reliance's reach in cancer care and management.

The Indian Renewable Energy Development Agency (IREDA) launched its revamped intranet portal to improve internal communication and operational efficiency. Inaugurated by CMD Pradip Kumar Das, the portal features user-friendly functionalities, including access to organizational policies, announcements, and MIS reports. This initiative aligns with the agency's focus on modernizing its workplace and fostering better collaboration among employees, thereby contributing to its overall growth and operational success.

Terminal Investment Limited (TIL), a Switzerland-based company, has announced its plans to invest Rs 20,000 crore in the development of Vadhvan Port near Dahanu, Maharashtra. The project is managed by Vadhvan Port Project Ltd (VPPL), a joint venture between JNPA and the Maharashtra Maritime Board. This investment is part of a larger Rs 76,200 crore initiative to establish a world-class port facility in India.

Honda, Nissan, and Mitsubishi have initiated discussions to merge by 2026, potentially creating a $50 billion company with 8 million annual sales. This collaboration could position the merged entity as the third-largest automaker globally, following Toyota and the VW Group. A final agreement is targeted for June 2025.