Current Affairs - Business

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.

Coca-Cola, an iconic beverage brand, has extended its partnership with the International Cricket Council (ICC) for eight years, solidifying its prominent position in the cricketing world.

India and the Association of Southeast Asian Nations (ASEAN) are set to initiate negotiations in February to modernize their current free trade agreement (FTA) and address the existing trade deficit, which currently amounts to $43.57 billion. The objective of this effort is to overhaul the ASEAN India Trade in Goods Agreement (AITGA) by 2025.

JSW Minerals Rail Logistics Private Limited, a subsidiary of JSW Steel, has partnered with South Western Railway to operate wagons specifically designed for efficient iron ore transportation. This collaboration aims to streamline the movement of iron ore from mines to JSW's steel plant, enhancing logistics and supply chain efficiency.