Current Affairs - Business

Bajaj Auto is preparing to launch the Freedom 125, a new generation 125cc motorcycle available in both petrol and CNG variants. This motorcycle is notable for its unique design, featuring a 21-inch front wheel and a 16-inch rear wheel. Priced at Rs 95,055, the Freedom 125 is positioned in the affordable segment, aiming to attract customers interested in both traditional and electric motorcycles, which Bajaj views as a significant opportunity in India's growing two-wheeler market.

Bharat Heavy Electricals Limited (BHEL) secured a significant contract worth over ₹11,000 crore from Adani Power Limited and its subsidiary Mahan Energen Limited. The contract involves the development of three Supercritical Thermal Power projects, each with a capacity of 2x800 MW, located in Kawai Phase-II and III in Rajasthan, and Mahan Phase-III in Madhya Pradesh. This project underlines BHEL's role in supporting India's energy infrastructure.

IndiGo, a leading Indian airline with a significant 62% domestic market share, is evaluating the introduction of the gender-neutral honorific 'Mx' for its internal candidates. This initiative is part of IndiGo's broader strategy to promote inclusivity and diversity within the company. Alongside this, IndiGo is focused on increasing the number of disabled employees in customer-facing roles and partnering with agencies that specialize in LGBTQ+ recruitment. These efforts underline the airline's commitment to creating a diverse and supportive workplace environment.

Gas Authority Of India Ltd (GAIL) and Petron Scientech Inc. have signed a Memorandum of Understanding (MoU) to explore the development of a 500 KTA bio-ethylene plant and associated downstream units in India. The agreement includes conducting joint feasibility studies to assess both technical and financial aspects of the project. The goal is to form a 50:50 joint venture based on the outcomes of these studies, which will help in seeking investment approvals and progressing with the project.

Bluwheelz has collaborated with SUN Mobility to develop retrofit kits that enable the conversion of internal combustion engine (ICE) or fixed battery-powered vehicles to electric. This partnership aims to reduce operational costs and support the transition to e-mobility, aligning with government mandates. The initiative offers significant financial, environmental, and operational benefits for logistics operators, promoting the adoption of electric vehicles in the sector.