Current Affairs - Business

The Ministry of Heavy Industries signed an MoU with IIT Roorkee to collaborate on boosting innovation and advancing the automotive and electric vehicle (EV) sector, highlighting a significant partnership between academia and industry in shaping the future of transportation.

Reliance Industries is acquiring a 13.01% stake in Viacom18 Media through the purchase of Paramount Global's stake for Rs 4,286 crore ($517 million), reinforcing its presence in the media industry and strategic positioning in the competitive market.

Tata Motors is set to establish a manufacturing unit worth Rs 9,000 crore in Tamil Nadu, showcasing its strategic investment in South India. This move not only aims to expand production capabilities but also signifies Tata Motors' commitment to leveraging Tamil Nadu's business-friendly environment for growth, leading to job creation and economic development in the state.

Numaligarh Refinery Limited (NRL) inaugurated its first international office in Dhaka, Bangladesh, showcasing its commitment to international growth and strengthening regional ties. This strategic move highlights NRL's focus on expanding its presence beyond India's borders and tapping into new markets.

India's first automobile in-plant railway siding was inaugurated at Suzuki Motor Gujarat Private Limited, a wholly-owned subsidiary of Maruti Suzuki India Limited (MSIL). This initiative aims to enhance efficiency in transportation and reduce carbon emissions in logistics operations.