Current Affairs - Business

ONGC acquired PTC India Ltd's wind power division for Rs 925 crore in October 2023. This is a strategic move by ONGC to expand its renewable energy portfolio and reduce its reliance on fossil fuels.

The European Union Tax Observatory's 'Global Tax Evasion Report 2024' calls for a 2% global wealth tax on billionaires to combat tax evasion. The report emphasizes the urgent need to combat tax evasion, which enables some billionaires to effectively pay between 0% to 0.5% of their wealth in taxes.

India will host the world's largest textile event, Bharat Tex 2024, in New Delhi from February 26 to February 29, 2024. The event is expected to attract over 1,000 exhibitors from around the world and showcase a wide range of textile products, from traditional handicrafts to the latest innovations in fabric technology.

Ipsita Dasgupta was appointed as the Senior Vice President and Managing Director for HP India in October 2023. Ipsita Dasgupta is a seasoned technology executive with over 25 years of experience. She has held leadership positions at companies such as Apple, IBM, and Microsoft. In her new role at HP, she will be responsible for overseeing all aspects of HP's strategy and profitability in the India, Bangladesh, and Sri Lanka regions.

Google launched the DigiKavach program in India in October 2023 to combat online financial fraud. The program aims to understand the strategies employed by scammers and implement countermeasures to protect people from scams, malware, and online fraud.