Current Affairs - Business

PhonePe has introduced the Indus Appstore, a native Android app marketplace, to challenge the dominance of the Google Play Store and Apple App Store. This move aims to provide Indian users with an alternative platform for accessing a wide range of applications.

Tech Mahindra, an IT services and consulting firm, finalized the acquisition of Orchid Cybertech Services for ₹24.75 crores. This acquisition underscores Tech Mahindra's strategy to expand its service offerings and strengthen its presence in the Philippines market.

Punjab National Bank (PNB) has partnered with IREDA to drive renewable energy initiatives by jointly financing projects. This collaboration formalized through a Memorandum of Understanding (MoU), aims to support various renewable energy projects nationwide, contributing to sustainable development and environmental conservation efforts.

The Investor Education and Protection Fund Authority (IEPFA) has collaborated with DBS Bank to enhance investor awareness regarding investment safety and fraudulent schemes. This partnership aims to leverage DBS Bank's digital platforms to disseminate crucial messages to investors across India.

Uber Technologies is in talks with Tata Group to form a strategic alliance, focusing on enhancing traffic volumes and user engagement on Tata's digital platform, Tata Neu. This potential collaboration aims to leverage Uber's expertise in mobility solutions to improve daily user engagement.