Current Affairs - Business

ITC has strategically partnered with Microsoft and Skymet, two leading technology companies, to develop innovative solutions for tobacco farmers in India facing climate change's adverse effects. This collaboration aims to leverage cutting-edge technology and weather insights to empower farmers with tools to adapt to climate variability and protect their crops.

Vedanta, under Anil Agarwal's leadership, successfully acquired full ownership of Meenakshi Energy, as approved by the National Company Law Tribunal for Rs 1,440 crore.

BEL received a contract worth Rs 678 crore from the Uttar Pradesh Government for the UP Dial 112 project, involving high-tech hardware, AI-based software, and cybersecurity solutions.

Tata Power successfully secured the Bikaner-III Neemrana-II Transmission project through the Tariff-Based Competitive Bidding process. This project, essential for evacuating 7.7 GW of renewable energy, is estimated to cost ₹1,544 crore, with a targeted commissioning period of 24 months from the date of the project SPV transfer.

Wardwizard Foods and Beverages Limited formalized a strategic collaboration with the Government of Gujarat through a Memorandum of Understanding (MoU). This initiative includes a substantial investment of Rs 500 crore, aimed at boosting the growth of the regional food industry in Gujarat.