Current Affairs - Business

Tata Consumer Products Ltd (TCPL) successfully acquired a 100% stake in Capital Foods, the company famous for brands like 'Ching’s Secret' and 'Smith & Jones,' for ₹5,100 crore. The strategic acquisition is phased, with an initial 75% equity shareholding and the remaining 25% to be acquired over the next three years.

Simmtech, a South Korean company, is set to invest Rs 1,250 crore in establishing a semiconductor manufacturing plant in Sanand, Gujarat. This initiative aims to significantly strengthen the semiconductor ecosystem in the state, as revealed during the Vibrant Gujarat Global Summit by Union Minister Ashwini Vaishnav.

Viacom18 has entered into a four-year media rights deal with the International Hockey Federation (FIH) for the period 2023-2027, covering all FIH events except the FIH Nations Cup.

VinFast Auto is investing $2 billion to establish an integrated electric vehicle facility in the Indian state of Tamil Nadu, as part of its commitment to break into the world's third-largest automobile market.

Raipur Smart City introduced a Green Corridor system for organ transplants, in collaboration with the Government of India and Bangalore. Equipped with GPS-enabled ambulances, the initiative ensures swift and efficient transportation, promoting a sustainable and life-saving approach in critical situations.