Current Affairs - Business

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.

Tata Steel partnered with IIT Bhubaneswar REP to foster innovation and entrepreneurship. This strategic alliance aims to leverage the strengths of both industry and academia, facilitating mutual growth and development through collaborative research and initiatives.

The Ministry of Defence achieved a procurement milestone of ₹1 Lakh Crore through the Government e-Marketplace (GeM) platform, emphasizing its commitment to efficient spending and procurement practices, especially for Micro and Small Enterprises (MSEs).