Current Affairs - Business

Bharat Electronics Limited (BEL) signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Mandi. This collaboration focuses on research and product development in key areas such as semiconductors, quantum technologies, and drones.

Honda Motorcycle & Scooter India inaugurated a new engine assembly line at Manesar, Haryana, with a daily capacity of 600 engines for 110cc to 300cc models. This expansion is aimed at boosting CKD exports and reinforcing HMSI's commitment to the global market.

CleanMax has partnered with Apple to deploy 14.4 megawatts of rooftop solar installations across six industrial sites in India. This collaboration aims to reduce emissions linked to Apple's operations and contribute to renewable energy initiatives in the country.

The Adani family recently infused ₹8,339 crore into Ambuja Cements Ltd., increasing their stake to 70.3%. This investment is part of a larger strategy to strengthen Ambuja's growth and market position, reflecting the Adani Group's strategic focus on the cement industry.

LIC increased its equity stake in Hindustan Unilever by over 5%, which signifies a significant move in its investment strategy. This move reflects LIC's strong confidence in Hindustan Unilever's long-term growth potential, even amidst market challenges. It indicates a strategic decision to strengthen its position as a leading FMCG company.