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UPSC Prelims Current Affairs

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Current Affairs

Page-4 of Economy, Finance and Business

Global Service Hubs in Hyderabad

BASF, a German multinational chemical company established in 1865, finalized a deal on 5 May 2026 to set up twin global hubs in Hyderabad, Telangana. The expansion includes...

 May 5, 2026

Biocon Leadership Succession

Biocon founder and chairperson Kiran Mazumdar-Shaw announced on 5 May 2026 a phased, five-year leadership transition plan naming her niece, Claire Mazumdar, as her successor. Claire Mazumdar, aged...

 May 5, 2026

Coal Gasification Ammonium Nitrate Project

Larsen & Toubro’s Energy Hydrocarbon Onshore business secured a major contract valued between Rs 2,500 crore and Rs 5,000 crore from Bharat Coal Gasification and Chemicals Limited to...

 May 5, 2026

Asian Development Bank Reforms

During the 59th Asian Development Bank Annual Meetings held in Samarkand, Uzbekistan, India urged the multilateral lender to expand its lending capacity and implement deep institutional reforms to...

 May 5, 2026

India Investment Rate Projection

Global brokerage Morgan Stanley has upwardly revised India’s investment-to-Gross Domestic Product (GDP) ratio forecast to 37.5% by fiscal year 2030, climbing from the previous estimate of 36.5%. This...

 May 4, 2026

United States Low Cost Carrier Bankruptcy

United States ultra-low-cost carrier Spirit Airlines completely ceased all operations on May 2, 2026, after 34 years of service. The airline cancelled all scheduled flights and deactivated customer...

 May 2, 2026

Intellectual Property Rights Protection

On 30 April 2026, the Office of the United States Trade Representative released its annual Special 301 Report, retaining India on its Priority Watch List for intellectual property...

 May 2, 2026

Liquefied Petroleum Gas Price Revision

State-owned oil marketing companies executed a sharp upward revision in the prices of commercial and free-trade liquefied petroleum gas cylinders effective from 1 May 2026. While the cost...

 May 1, 2026

Windfall Tax on Petroleum Exports

The Government of India revised the windfall gains tax, structured as the Special Additional Excise Duty, on petroleum product exports effective from 16 May 2026. Under the updated...

 May 1, 2026

Anthropic Eyes Funding at $900 Billion Valuation

Anthropic, an artificial intelligence company led by CEO Dario Amodei, is exploring a new funding round that could value it at more than $900 billion in April 2026....

 April 30, 2026

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