Current Affairs - Business

India's first battery storage gigafactory is located in the northern region of Jammu and Kashmir and is set to start operations by October 2023. This facility plays a crucial role in supporting India's renewable energy goals and reducing carbon emissions.

Reliance Consumer Products has formed a strategic partnership with Elephant House, a renowned Sri Lankan beverage brand, to introduce and distribute Elephant House beverages in India. This collaboration expands RCPL's beverage offerings and strengthens its presence in the Indian market with Elephant House's diverse range of popular beverages.

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.