Current Affairs - Business

BALCO, a unit of Vedanta Aluminium, achieved the ASI Performance Standard V3 Certification, making it the first Indian company to receive this recognition. This certification highlights BALCO's commitment to sustainable practices in the aluminium industry.

IIM Mumbai collaborated with Starburst to fortify India's Aerospace, New Space, and Defence (ASD) startup ecosystem. This partnership aims to nurture and empower ASD startups across India, fostering innovation within the sector and providing unparalleled support for their growth and contribution to India’s ASD industry.

Reliance Industries, owned by Mukesh Ambani, has acquired a 26% stake in a power project owned by Adani's company in Madhya Pradesh. This strategic move signifies a significant collaboration between two influential entities in India's energy sector, potentially leading to synergies and advancements in power generation and distribution.

Tata Motors has announced a strategic partnership with Hindustan Petroleum Corporation Ltd (HPCL) to establish a nationwide network of 5,000 public charging stations for electric vehicles (EVs) by the end of 2024. This collaboration leverages HPCL's extensive fuel station network to promote EV adoption and infrastructure development.

NTPC, the state-owned power giant, has secured a USD 200 million loan from JBIC for renewable projects, highlighting its commitment to expanding its renewable energy initiatives and contributing to India's sustainable development goals.