Current Affairs - Business

Simmtech, a South Korean company, is set to invest Rs 1,250 crore in establishing a semiconductor manufacturing plant in Sanand, Gujarat. This initiative aims to significantly strengthen the semiconductor ecosystem in the state, as revealed during the Vibrant Gujarat Global Summit by Union Minister Ashwini Vaishnav.

Viacom18 has entered into a four-year media rights deal with the International Hockey Federation (FIH) for the period 2023-2027, covering all FIH events except the FIH Nations Cup.

VinFast Auto is investing $2 billion to establish an integrated electric vehicle facility in the Indian state of Tamil Nadu, as part of its commitment to break into the world's third-largest automobile market.

Raipur Smart City introduced a Green Corridor system for organ transplants, in collaboration with the Government of India and Bangalore. Equipped with GPS-enabled ambulances, the initiative ensures swift and efficient transportation, promoting a sustainable and life-saving approach in critical situations.

NHPC Limited has signed an MoU with Gujarat Power Corporation Limited for a Rs 4,000 crore investment in the 750 MW Kuppa Pumped Hydro Storage Project located at Chhota Udaipur, Gujarat, aligning with national goals for renewable energy and the "Net Zero" target.