Current Affairs - Business

Reliance Industries is set to begin construction on India’s first Multimodal Logistics Park near Chennai in June. This project, valued at Rs 1,424 crore, aims to revolutionize the logistics landscape of the southern region and is strategically located in Tiruvallur district, 52 km from Chennai Port.

Reliance Industries has entered into a significant technology partnership with Norway’s Nel ASA to expedite its new energy investments, particularly in green hydrogen production. This alliance aims to facilitate Reliance's transition towards green energy and signifies a strategic move aligning with Mukesh Ambani's $75 billion renewables push.

Google's investment of $350 million in Flipkart, as part of a larger funding round, aims to support Flipkart's expansion and technological advancements. This strategic move highlights Google's interest in the e-commerce sector and its commitment to supporting businesses in India.

Tata Group will acquire full control of Tata Play by purchasing Disney's 30% stake, valuing the company at $1 billion. This transaction aligns with Tata Group's strategy of expanding its presence in the media industry and consolidating its ownership of Tata Play.

Swiggy collaborated with "SHIELD" to enhance its fraud prevention capabilities within its Delivery Partner ecosystem. This partnership leverages SHIELD's device-first risk AI platform to minimize promo abuse and fraudulent activities, allowing Swiggy to focus resources on genuine users and improve overall platform integrity.