Current Affairs - Business

GAIL, India's leading gas company, has strengthened its LNG portfolio through a 10-year partnership with the United Arab Emirates (UAE) ADNOC Gas. The deal involves procuring 0.5 million tonnes of LNG annually, contributing significantly to meeting India's growing demand for natural gas.

Airbus and Tata are jointly working on establishing a helicopter manufacturing facility in India, emphasizing boosting indigenous manufacturing. This collaboration signifies Airbus's commitment to contributing to the country's aerospace sector growth, following their earlier establishment of a final assembly line for C295 military aircraft production in Gujarat.

Zomato Payments Private Limited, a subsidiary of Zomato, secured the payment aggregator license from the Reserve Bank of India, aligning with Zomato's strategy to reduce external dependency on payment apps.

REC Ltd, a Maharatna power finance company, has been designated as the nodal agency for the Pradhan Mantri Suryoday Yojana. The initiative aims to install rooftop solar panels in one crore households, with REC Ltd set to lend Rs 1,20,000 crore for this ambitious project under the leadership of CMD Vivek Kumar Dewangan.

ACME has partnered with Japan's IHI in a significant agreement for green ammonia supply, contributing to the India-Japan Clean Energy Partnership aimed at meeting global demand for sustainable energy sources.