Current Affairs - Finance

Wipro-GE Healthcare has announced an investment of Rs 8,000 crore over the next five years in India, with a focus on enhancing manufacturing capabilities and research and development, aligning with the 'Make in India for the World' initiative.

The Indian government plans to borrow Rs 7.5 lakh crore from the market in the first half of FY25, which constitutes approximately 53% of its annual target borrowing for the fiscal year. This borrowing strategy includes auctions of bonds with maturities ranging from 3 years to 50 years, with the issuance of sovereign green bonds worth Rs 12,000 crore as part of the fundraising.

The insurance sector in India has attracted a massive Rs 53,900 crore as Foreign Direct Investment (FDI) in the last 9 years, according to Financial Services Secretary Vivek Joshi. This substantial FDI influx reflects investor confidence and interest in the Indian insurance market.

The Titan SBI Card, a collaboration between SBI Cards and Payment Services Ltd and Titan Company Ltd, offers exclusive benefits worth ₹2,00,000 annually. These benefits include cashback, gift vouchers, and reward points, making it a highly rewarding credit card option for users.

The Airtel Payments Bank Smart Watch allows users to make transactions ranging from Rs 1 to Rs 25,000 per day. This feature, along with Airtel Payments Bank's collaboration with Noise and Mastercard, highlights the bank's commitment to digital payment solutions, providing users with a convenient and innovative way to make contactless payments.