Current Affairs - Business

Tata Motors announced its intention to split its commercial and passenger vehicle units into two separate listed entities. This strategic move aims to optimize growth opportunities, with the demerger process expected to conclude within 12-15 months.

The Prime Minister introduced the mission 'Wed in India' during a rally in Srinagar, urging people to choose India, particularly Jammu and Kashmir, as their wedding destination. This initiative aims to boost tourism, foster economic growth, and showcase the cultural richness of India globally.

Airbus has partnered with the esteemed Indian Institute of Management Mumbai (IIM Mumbai) to enhance aviation training standards. This collaboration, known as the Airbus Beyond programme, aims to equip professionals with industry-relevant skills to address challenges in the aerospace sector effectively.

India aims to expand its collaboration with South Korea in areas such as technology and semiconductors, as discussed during the bilateral meeting between the two countries. This partnership underscores the importance of fostering cooperation in critical sectors to drive mutual growth and innovation.

The Tata Group's partnership with Powerchip, Taiwan is set to establish India's inaugural semiconductor fab in India. This collaboration, sanctioned by the Union Cabinet, signifies a significant stride towards advancing India's semiconductor manufacturing capabilities.