Current Affairs - Business

Hindustan Aeronautics Limited (HAL) and Safran Aircraft Engines signed an MoU in October 2023 to enhance industrial cooperation in aerospace. The MoU covers the manufacturing of LEAP engine parts and the joint development of the Indian Multi-Role Helicopter.

Indian Oil Corporation (IndianOil) introduced India's first reference fuel in 2023. Reference fuels are highly specialized fuels that are used to calibrate and test vehicles. They are essential for ensuring the accuracy of emission measurements and the performance of vehicles. The main difference between 'reference' fuel and regular or premium fuel is their octane numbers. Regular fuel has an octane number of 87, premium fuel has an octane number of 91, while 'reference' fuel has an octane number of 97.

Reliance Jio has partnered with Plume, a California-based company specializing in cloud-based AI-powered services, to provide in-home services enhanced by AI. This partnership will enable Reliance Jio to offer its customers a range of innovative services, such as whole-home adaptive WiFi, connected device and application performance optimization, cyber threat protection for connected devices, and advanced parental controls.

Airbus and IIT Kanpur have signed a Memorandum of Understanding (MoU) to promote aerospace education and innovation in India. The MoU aims to significantly enhance the aerospace sector's talent pool in India through research and education initiatives.

QatarEnergy has signed a 27-year natural gas deal with Italy's Eni. This agreement strengthens QatarEnergy's foothold in the European gas market.