Current Affairs - Business

Indian Oil Corporation Ltd. (IOCL) marked a significant milestone by exporting its first-ever consignment of 100 octane premium fuel, XP100, to Sri Lanka. This event underscores IOCL's commitment to expanding its global reach and showcasing the quality of its products.

Tata Motors has partnered with Bajaj Finance to offer financing programs for their authorized passenger and electric vehicle dealers. This collaboration aims to streamline financing options and support the business operations of these dealers, providing them with financial capital to capitalize on opportunities in the growing passenger vehicles market.

Zoho, an Indian software firm headquartered in Tamil Nadu, is planning a significant $700 million investment in chipmaking. Seeking incentives from the Government of India, Zoho aims to manufacture compound semiconductors with specialized commercial applications, utilizing alternatives to silicon.

Industry experts predict that India's internet economy will reach $1 trillion by 2030, driven primarily by the booming e-commerce sector expected to grow from $60 billion in FY2023 to $325 billion.

Nayara Energy intends to invest Rs 600 crore in establishing ethanol manufacturing plants in Andhra Pradesh and Madhya Pradesh. This initiative aligns with the government's target of achieving 20% ethanol blending by FY26, showcasing the company's commitment to sustainable energy practices.