Current Affairs - Business

Indian Oil Corporation (IOC) is making a substantial investment of Rs 5,215 crore to develop 1 gigawatt (GW) of renewable energy capacity in India. This investment encompasses solar, wind, and hybrid projects as part of IOC's strategy to diversify beyond traditional oil and gas ventures.

The Indian Renewable Energy Development Agency (IREDA) has been granted the prestigious 'Navratna' status by the government, enhancing its autonomy and investment capacity. This designation signifies IREDA's exceptional performance and its crucial role in promoting renewable energy development in India.

Aramco has formed a strategic global partnership with FIFA, becoming the exclusive energy partner until 2027. This collaboration extends sponsorship rights to prestigious football events, including the FIFA World Cup 2026 and the FIFA Women’s World Cup 2027. The partnership underscores Aramco’s commitment to leveraging sports, particularly football, for societal impact and community development.

The Indian Bank has tied up with Tata Power Solar Systems to offer loans and financing solutions for residential and larger solar installations, supporting solar energy adoption initiatives.

Air India entered into a codeshare agreement with Japan's All Nippon Airways (ANA), enhancing connectivity and flight options between India and Japan. This partnership allows passengers of both airlines to benefit from seamless travel arrangements with a single ticket, providing convenience and expanded travel opportunities.