Current Affairs - Business

The Tata Group's partnership with Powerchip, Taiwan is set to establish India's inaugural semiconductor fab in India. This collaboration, sanctioned by the Union Cabinet, signifies a significant stride towards advancing India's semiconductor manufacturing capabilities.

Oil India is hosting its inaugural global partner roadshow titled "Confluence: Where Energy and Opportunity Converge" in Abu Dhabi, UAE. This event aims to enhance partnerships, explore new business opportunities, and streamline the partner onboarding process as the company sets ambitious production targets for oil and gas.

C-DOT and Qualcomm signed an MoU at Mobile World Congress 2024 to bolster India's telecom sector. Qualcomm will provide expertise, cutting-edge technology, and IP training to accelerate the development of indigenous telecom products, supporting the Make in India vision.

Reliance Industries (RIL) has announced a merger deal with Viacom18 Media and The Walt Disney Company to establish a joint venture (JV) integrating Viacom18 and Star India operations. With RIL committing a significant investment of Rs 11,500 crore (approximately US$ 1.4 billion) into the JV, this strategic move aims to reshape the Indian entertainment and sports industry landscape.

The National Institute of Ayurveda signed a MoU with the Government of Thailand to establish Academic Collaboration in Ayurveda and Thai Traditional Medicine. This agreement highlights the efforts towards enhancing cooperation between India and Thailand in the field of traditional medicine.