Current Affairs - Business

Tata Sons announced the sale of a 0.65% stake in Tata Consultancy Services (TCS) for over ₹9,300 crore as part of its strategy to reduce debt. This move, aimed at optimizing Tata Sons' financial position, reflects the significance of TCS within the Tata Group's asset portfolio and its contribution to dividend income.

Antara Assisted Care Services Limited, a subsidiary of Max India Ltd, has partnered with IIT Delhi to develop tailored solutions for India's elderly, focusing on mobility-related disabilities, cognitive health, and overall quality of life improvement for seniors.

The Ministry of Heavy Industries signed an MoU with IIT Roorkee to collaborate on boosting innovation and advancing the automotive and electric vehicle (EV) sector, highlighting a significant partnership between academia and industry in shaping the future of transportation.

Reliance Industries is acquiring a 13.01% stake in Viacom18 Media through the purchase of Paramount Global's stake for Rs 4,286 crore ($517 million), reinforcing its presence in the media industry and strategic positioning in the competitive market.

Tata Motors is set to establish a manufacturing unit worth Rs 9,000 crore in Tamil Nadu, showcasing its strategic investment in South India. This move not only aims to expand production capabilities but also signifies Tata Motors' commitment to leveraging Tamil Nadu's business-friendly environment for growth, leading to job creation and economic development in the state.