Current Affairs - Business

The Adani family recently infused ₹8,339 crore into Ambuja Cements Ltd., increasing their stake to 70.3%. This investment is part of a larger strategy to strengthen Ambuja's growth and market position, reflecting the Adani Group's strategic focus on the cement industry.

LIC increased its equity stake in Hindustan Unilever by over 5%, which signifies a significant move in its investment strategy. This move reflects LIC's strong confidence in Hindustan Unilever's long-term growth potential, even amidst market challenges. It indicates a strategic decision to strengthen its position as a leading FMCG company.

Ashneer Grover, former CEO of BharatPe, has launched ZeroPe as his latest fintech venture after leaving BharatPe in 2022. ZeroPe focuses on providing instant medical loans in collaboration with Mukut Finvest, a Delhi-based NBFC, exclusively available at partner hospitals.

Citroen achieved a historic milestone by exporting 500 units of the Made-in-India ë-C3 electric vehicle to Indonesia, making it the first multinational carmaker to export EVs from India. This move signifies Citroën's global ambitions in the EV market and contributes to India's sustainable manufacturing goals.

ICICI Lombard has teamed up with Policybazaar to leverage its digital platform and reach 10 million customers with a range of insurance products, including motor, health, travel, home, and business insurance. This partnership aims to enhance insurance accessibility and distribution across India.