General Awareness

BUSINESS AND ECONOMY - November 2014

Nov 2014

Dec 03, 2025

Ramakrishnan Chander Takes Charge as LIC MD

Ramakrishnan Chander has taken charge as Managing Director of Life Insurance Corporation Of India (LIC).
Prior to his elevation, as the MD, Chander served as LIC's Chief Investment Officer (CIO) and Executive Director of the Investment (Front Office) Department, the State-owned insurer said.

MapmyIndia Mappls Partners with Zoho CRM for Location Intelligence

MapmyIndia Mappls, a digital mapping and geospatial technology company, and Zoho, a global technology company headquartered in India, in December 2025, announced a collaboration to integrate MapmyIndia's Address Capture and Nearby Lead Finder features directly within Zoho CRM.
With this integration, Zoho CRM users can capture verified addresses, visualize customer locations, discover potential leads in nearby areas, and optimize sales routes — all powered by MapmyIndia's indigenous mapping platform, which has been digitally mapping India since 1995. This collaboration empowers businesses to operate more efficiently, serve customers better, and make informed, location-aware decisions — using technology rooted in India's soil.

Maple Infra Trust Acquires 5 Toll Road Highway Assets from Ashoka Concessions

Maple Infrastructure Trust, a SEBI-registered infrastructure investment trust, said five operational highway projects from Ashoka Concessions Ltd. and other associated entities, including ACL group companies had been successfully transferred to itself.
These projects, comprising over 2,100 lane kilometres of operational NHAI toll roads, are located along key economic arteries of India, including the Golden Quadrilateral and the East–West Corridor, spanning West Bengal, Karnataka, Maharashtra, Chhattisgarh, and Odisha.

'Panch-Jyoti': RBI's 5-year Strategy to Boost Financial Inclusion

Reserve Bank of India Governor Sanjay Malhotra in December 2025, unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years.The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services.
At the core of the NSFI 2025-30 are five key objectives, known as 'Panch-Jyoti', supported by 47 action points designed to boost financial inclusion. These include a gender-sensitive approach to women-led financial initiatives and tailored strategies to strengthen the financial resilience of households, especially among underserved and vulnerable populations, according to an official RBI statement.
The strategy also emphasises improving the availability and use of equitable, responsible, suitable, and affordable financial products to ensure financial safety and security for households and micro-enterprises.
"The Panch-Jyoti strategy focuses on synergising livelihood, skill development, and support ecosystems and linking them with financial inclusion," the RBI said.

RBI Promotes Usha Janakiraman as Executive Director with Immediate Effect

The Reserve Bank of India (RBI), in December 2025, appointed Usha Janakiraman as Executive Director (ED) with immediate effect. Prior to being promoted as ED, Janakiraman was serving as Chief General Manager-in-charge, Department of Regulation, Central Office, Mumbai. She has experience of more than three decades in the RBI having worked in the areas of regulation, external investment and operations, banking supervision, public debt management, currency management and other areas in the Central bank.
As Executive Director, she will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment). Smt. Janakiraman is a Chartered Accountant.

RBI Retains SBI, HDFC Bank and ICICI Bank as Systemically Important Banks

The Reserve Bank of India (RBI) said in December 2025, that State Bank of India (SBI), HDFC Bank, and ICICI Bank will continue to be classified as systemically important banks.
Systemically important banks are ones which are too big to fail due to their size, cross-jurisdictional activities, complexity, lack of substitutability, and interconnectedness. The disorderly failure of these banks has the potential to cause significant disruption to the essential services they provide to the banking system, and in turn, to the overall economic activity.

Dec 02, 2025

AU Small Finance Bank Ropes in Ranbir, Rashmika as Brand Ambassadors

AU Small Finance Bank (AU SFB), which received the RBI's in-principle approval to transition into a universal bank, roped in film Ranbir Kapoor and Rashmika Mandanna as its brand ambassadors.
The partnership strengthens AU SFB's effort to build a preferred national banking brand with strong consideration across urban, metro, and deeper Bharat markets.

Nov 30, 2025

TCS Signs 5-year Deal with SAP to Modernise Cloud and AI Operations

Tata Consultancy Services (TCS) signed a five-year deal with SAP to modernise the German software company's enterprise-wide cloud and generative AI operations, one of the high-profile examples of an internal technology overhaul of a major software vendor.
As part of the deal, TCS will help SAP streamline its complex IT landscape, enable seamless IT operations, and strengthen AI-led capabilities. The collaboration will deliver faster development cycles, lower total cost of ownership, and greater alignment between IT and business goals.

Nov 29, 2025

Tata Realty, DBS Bank India Sign Rs. 1,280 crore Green Loan for Intellion Park

Tata Realty & Infrastructure (Tata Realty) and DBS Bank India signed a Rs. 1,280 crore green loan facility. The facility has been availed by a special purpose vehicle of Tata Realty to fund the development of the project Intellion Park in Gurugram.
Intellion Park is a grade-A, 2.1 million-square-foot campus comprising four towers under Tata Realty's Intellion brand. The funding is said to support the sustainable commercial real estate development of the project.

Nepal Issues Rs. 100 Bank Note with Revised Map Comprising Disputed Areas

Nepal's central bank issued new Rs. 100 denomination bank notes that have a revised map of the country, including the controversial Kalapani, Lipulekh and Limpiyadhura territories, termed as artificial enlargement by India.
The new note from the Nepal Rastra Bank (NRB) bears the signature of previous Governor Maha Prasad Adhikari.
Clarifying the matter regarding the updated version of map, an NRB spokesperson said that the map is already there in the old Rs. 100 bank note and it has been revised as per the government's decision.
Among various denominations of bank notes such as Rs. 10, Rs. 50, Rs. 500, and Rs. 1,000, only the bank note with Rs. 100 denomination bears the map of Nepal, others do not, he clarified.

Nov 28, 2025

CBDT Unveils 'NUDGE' Campaign: A Push for Voluntary Tax Compliance

The Central Board of Direct Taxes (CBDT) launched a new taxpayer outreach campaign named 'NUDGE', short for Non-intrusive Usage of Data to Guide and Enable, to encourage voluntary compliance in income tax reporting. This campaign specifically urges individuals to review and revise their income tax returns (ITRs), especially focusing on Schedule FA (Foreign Assets) and Foreign Source Income (FSI) disclosures.
The move comes amid heightened global scrutiny on cross-border transactions and foreign asset reporting, aligning India with international standards of financial transparency.
The NUDGE campaign, starting immediately, is a data-backed, non-intrusive compliance initiative that will leverage pre-identified information to remind taxpayers of potential mismatches or omissions in their filed returns. The CBDT will reach out to taxpayers via SMS and email alerts, urging them to voluntarily verify, revise, or correct their returns by the end of the following month.

PUMA Appoints Ramprasad Sridharan as New Managing Director for India

PUMA, one of the world's leading sportswear brands, announced the appointment of Ramprasad Sridharan as the new Managing Director for its India operations, effective December 2025. With this leadership transition, PUMA aims to strengthen its market position and accelerate brand and digital transformation across India.
Sridharan will report directly to Matthias Bäumer, PUMA's Chief Commercial Officer. He succeeds Karthik Balagopalan, who stepped down to pursue new opportunities outside the company.
Ramprasad Sridharan brings with him over 25 years of experience in the retail and brand management sector. Known for his sharp strategic acumen and growth-focused leadership, he has held high-impact roles across Asia Pacific.

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