Current Affairs - Business

GAIL has entered into its first long-term time charter agreement with Singapore-based "K" LINE for a new LNG ship, featuring a tank capacity of 1,74,000 cubic meters. Scheduled to be operational by 2027 and built by Samsung Heavy Industries, this agreement enhances GAIL's LNG transport capabilities. The partnership also benefits from "K" LINE's extensive 40-year expertise in LNG shipping, marking a significant step in strengthening India's energy infrastructure.

Amara Raja Infra, a part of the Amara Raja Group, set up India’s first green hydrogen fuelling station in Leh for NTPC Ltd. The station, capable of producing 80 kg of green hydrogen daily, supports NTPC’s green mobility initiatives. It will fuel five hydrogen fuel cell buses in Leh, marking a significant step in India’s efforts towards sustainable, emission-free transport. The project also highlights Amara Raja Infra's expertise in overcoming challenges, as it was completed under extreme weather conditions, further strengthening India's green energy infrastructure.

The TeacherApp, launched by Union Education Minister Shri Dharmendra Pradhan, was developed by Bharti Airtel Foundation to empower teachers with skills for 21st-century classrooms. Offering over 260 hours of digital content, including courses, videos, and live sessions, the app aligns with the National Education Policy 2020 to enhance teaching practices. This initiative underscores Bharti Airtel Foundation's commitment to transforming education and fostering innovation among educators, impacting millions of lives across India.

The Hinduja Group's firm, IndusInd International Holdings Ltd (IIHL), has received approval from the Department for Promotion of Industry and Internal Trade (DPIIT) to acquire Reliance Capital for ₹10,000 crore. This approval marks a significant milestone in the resolution of Reliance Capital's financial troubles, which had led to the RBI's intervention in 2021. The acquisition is expected to be completed by January 31, 2025.

Tata Power has partnered with Druk Green Power Corporation Ltd to develop at least 5,000 MW of clean energy generation capacity in Bhutan, harnessing the country's vast hydropower potential. This strategic collaboration contributes to regional energy security and sustainability, aligning with Bhutan's vision to diversify its energy portfolio. The project includes 4,500 MW of hydropower and 500 MW of solar power capacity, demonstrating Tata Power's commitment to renewable energy and sustainable development in the region. This partnership strengthens India-Bhutan energy cooperation and promotes eco-friendly growth.