Current Affairs - Business

Vedanta's subsidiary, Western Cluster Ltd (WCL), a fully-owned entity of Vedanta Ltd., intends to invest $2 billion in Liberia to enhance the country's mining sector and overall economic development. This investment initiative reflects Vedanta's strategic commitment to expanding its operations in West Africa, specifically aimed at socio-economic upliftment in Liberia under the government's developmental agenda.

Infosys, a leading information technology company, has been recognized among the 100 most valuable global brands for three consecutive years. This acknowledgement underscores Infosys' standing as a prominent global brand in the IT sector, driven by its innovative approach to enterprise AI, cloud solutions, and commitment to digital skilling initiatives worldwide.

Adani Defence and Aerospace have announced a strategic cooperation agreement with the UAE-based EDGE Group, aiming to integrate their defence and aerospace capabilities. This partnership focuses on enhancing military capabilities through joint product development, research facilities, and technological advancements in the defence and aerospace sectors, emphasizing bilateral cooperation between India and the UAE on a global scale.

Adani Ports, in collaboration with Abu Dhabi Ports Group and East Harbour Terminals Ltd, has secured a 30-year concession agreement to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. This agreement, signed with Tanzania, allows Adani Ports to take control of the terminal's operations, equipment, and manpower, further expanding its global port operations portfolio.

Adani Group has announced its intention to invest in wind energy projects in Sri Lanka, totalling over $1 billion. The investment will be directed towards establishing wind farms in Mannar and Pooneryn, with an added investment in infrastructure for electricity transmission.