Current Affairs - Business

The National Company Law Tribunal (NCLT) has approved the merger of Air India and Vistara, paving the way for the formation of one of the world's largest airline groups. This merger, announced in November 2022, is a significant development in the aviation industry.

BHEL, a state-owned company, secured an order worth over ₹3,500 crore from Adani Power Limited to establish a thermal power project in Raipur, Chhattisgarh. This significant order highlights BHEL's role in the energy sector and its contribution to power generation infrastructure in India.

Ashok Leyland, a leading commercial vehicle manufacturer in India, has introduced the 'Sarathi Suraksha Policy,' aimed at safeguarding the driver community. This comprehensive insurance policy covers accidental death, permanent disability, and partial disability, protecting up to INR 10 lakh per chassis. The policy demonstrates Ashok Leyland's commitment to the safety and welfare of drivers, highlighting its dedication to the transport sector's growth and development.

Tata Group, renowned for its vast and diversified business portfolio, has been recognized in the “Titans” category of TIME’s list of Most Influential Companies, alongside Reliance Industries Limited (RIL). This acknowledgement highlights the global impact and influence of both conglomerates across various sectors, emphasizing their significant contributions to the business world.

Reliance Industries is set to begin construction on India’s first Multimodal Logistics Park near Chennai in June. This project, valued at Rs 1,424 crore, aims to revolutionize the logistics landscape of the southern region and is strategically located in Tiruvallur district, 52 km from Chennai Port.