Current Affairs - Business

Axis Bank launched the ‘NEO For Business’ banking platform for MSMEs in September 2023. The platform is designed to help MSMEs manage their finances and banking operations more efficiently and effectively. It offers a variety of features and services, including account management, payments, collections, trade finance, and supply chain finance.

The 14th World Spice Congress (WSC) started in Vashi, Navi Mumbai. This three-day event is carefully arranged by the Spices Board India, a part of the Ministry of Commerce and Industry, with the help of trade groups and export forums. India is famous for producing excellent, unique, and medicinal spices, earning it the nickname "Spice Bowl" of the world.

The Indian Renewable Energy Development Agency (IREDA) signed a Memorandum of Understanding (MoU) with the Bank of Maharashtra (BoM) on September 18, 2023, to promote and facilitate co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation.

The National Highways Authority of India (NHAI) signed an agreement with Bengaluru Logistics Parks Pvt Ltd (BLPPL) on September 20, 2023, to develop a Multi-Modal Logistics Park (MMLP) at Bengaluru. The MMLP will be developed on a 350-acre plot of land at Doddaballapur, about 40 km from Bengaluru city. The project is estimated to cost Rs 1,500 crore and is expected to be completed within three years.

Nihar Malaviya, previously serving as interim CEO, has now been officially appointed as the permanent CEO of Penguin Random House. He took over from Markus Dohle, who left the company shortly after a federal judge rejected Penguin Random House's merger with Simon & Schuster. This development comes as Penguin Random House, the largest trade publisher globally, undergoes a company-wide reorganization in 2023, resulting in the departure of several senior editors due to layoffs or voluntary retirement.