General Awareness

BUSINESS AND ECONOMY - November 2014

Nov 2014

Jun 24, 2025

Hindustan Construction MD Jaspreet Bhullar Resigns

Hindustan Construction Company Limited announced that its Managing Director and Chief Executive Jaspreet Bhullar quit with immediate effect.
Bhullar was appointed as the Chief Executive of the company in 2023 and given a five year term. He had joined the company from the Brookfield-run Multiplex Constructions India.

India Enters Top 100 in Sustainable Development Goals Rankings for First Time

India for the first time secured a place among the top 100 out of 193 countries ranked for their progress in achieving the Sustainable Development Goals (SDGs).
According to the UN Sustainable Development Solutions Network's 10th and latest Sustainable Development Report (SDR), India ranks 99th on the 2025 SDG Index with a score of 67, while China ranks 49th with 74.4 and the US 44th with 75.2 points.
Among India's neighbours, Bhutan takes 74th place with 70.5 points, Nepal ranks 85th with 68.6, Bangladesh 114th with 63.9 and Pakistan 140th with 57 points.
European countries, especially the Nordic nations, continue to top the SDG Index, with Finland ranking first, Sweden second and Denmark third.

India's North-east to Pioneer Vegan Leather Manufacturing with CSIR & NECTAR Pact

In a step towards promoting sustainable technologies and circular economy in India's North-east, the CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), Thiruvananthapuram, signed a Memorandum of Understanding (MoU) with the North East Centre for Technology Application and Reach (NECTAR), an autonomous body under the Department of Science & Technology, Government of India.
The MoU facilitates the transfer of CSIR-NIIST's plant-based vegan leather technology to NECTAR for establishing common facility centres and manufacturing units in Meghalaya and other north-eastern states. These centres will support farmers, MSMEs, and women- led self-help groups in converting agro-waste into high-value sustainable products.
The MoU was exchanged between Dr. C. Anandharamakrishnan, Director, CSIR-NIIST, and Dr. Arun Kumar Sarma, Director, NECTAR, in the presence of Dr. N. Kalaiselvi, Director General, CSIR, during a formal ceremony held at CSIR Headquarters, New Delhi.

Jeffrey Mark Overly New Chairman of Auto Parts Maker Sona Comstar

The board of directors of Sona Comstar appointed Jeffrey Mark Overly as the Chairman of the company. Overly has served as an independent Director of the company since February 2021.
The appointment follows the death of Sunjay Kapur, Chairman and Non-Executive Director of the auto parts maker. The Gurugram-based component maker supplies gears, rotator shafts, starter motors and steering components to India's passenger and commercial vehicle industry.

Jun 23, 2025

Adani Commissions India's First Off-Grid Green Hydrogen Pilot Plant in Kutch

Adani Group commissioned India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat.
An off-grid green hydrogen plant is a facility that produces hydrogen using electrolysis powered by renewable energy sources, such as solar or wind, and is not connected to the main electrical grid. This means the plant relies entirely on its own renewable energy generation for the hydrogen production process.
The 5 MW plant has been built by Adani New Industries Limited (ANIL) - the clean energy unit under the group's flagship firm Adani Enterprises Ltd.

Jun 22, 2025

NPCI Introduces Real Time PAN-bank Account Validation on income Tax Portal

The National Payments Corporation of India (NPCI) launched a new facility to streamline Permanent Account Number (PAN) and bank account validation on the income tax e-filing website. This aims to speed up and simplify the process for taxpayers and government departments.
NPCI introduced a new Application Programming Interface (API) designed to enable real-time verification of PAN details, bank account status, and account holder identity. The data will be verified directly from the Core Banking Systems (CBS) of banks.
An API is a software bridge that allows two systems to communicate and share data. In this case, the API will allow government platforms such as the income tax portal to fetch validation details securely and instantly from a bank's internal systems.

RBI Eases Project Finance Norms, Slashes Provisioning Requirements

In a major relief to banks and financial institutions, the Reserve Bank of India (RBI) eased final norms on provisioning for project finance loans. Under the revised guidelines, the provisioning requirement for under-construction project loans has been reduced to 1%, significantly lower than the 5% proposed in the draft norms issued in May 2024. These new norms will come into effect from October 1, 2025.
The RBI's latest move reflects its consultative approach under Governor Sanjay Malhotra and aims to ease credit flow for infrastructure and commercial projects, which are critical to economic growth. The change is particularly significant given the high concerns voiced by banks over earlier, tighter draft regulations.

Ambani Heirs Dominate India's Under-40 Wealth Icons List 2025

In a report titled '360 ONE Wealth Creators List', launched jointly by 360 ONE Wealth (WAM) and CRISIL, India's top 143 active wealth creators under 40 were profiled. Leading the list are Aakash, Anant, and Isha Ambani, with other notable young entrepreneurs like Nikhil Kamath (Zerodha) and Bhavish Aggarwal (Ola Electric) also featuring prominently.
Below are the top 10 under-40 wealth creators:
Aakash Ambani/Reliance Industries
Anant Ambani/Reliance Industries
Isha Ambani/Reliance Industries
Varun Jaipuria/Varun Beverages
Nikhil Kamath/Zerodha
Bhavish Aggarwal/Ola Electric Mobility
Devansh Jain/Gujarat Fluorochemicals
Anant Nahata/HFCL
Siddharth Jain/Inox Group

Jun 21, 2025

Australia, Singapore, Kenya most Curious on Investing; India Ranks 13th

According to a new analysis by forex broker platform BrokerChooser, India ranked 13^th globally for online interest in investing. Based on monthly Google search volumes per capita, the study found that Indian users are especially drawn to stock market queries, reflecting a growing appetite for retail investing among younger generations.
India's interest in stock investing is more than 4 times that of South Africa. It surpasses Malaysia's stock-related search volumes by over 50%.
Australia ranked first globally with 29,359 monthly investment-related searches per million people, Singapore came second (22,527), and Kenya third (17,288).

RBI Imposes Rs. 29.6 Lakh Penalty on Fino Payments Bank for Regulatory Lapses

In a regulatory action, the Reserve Bank of India (RBI) announced a monetary penalty of Rs. 29.6 lakh on Fino Payments Bank Limited. The penalty was levied for non-compliance with certain provisions of the guidelines on the Licensing of Payments Banks, which were detected during an inspection by the central bank.
During the inspection, the RBI observed that the bank had breached key regulatory norms, specifically related to the end-of-day balance ceiling mandated for Payments Banks.

Sampath Kumar Becomes First Indian MD of Nippon Koei India

Nippon Koei India (NKI), the Indian arm of Japan-based ID&E Holdings, appointed G. Sampath Kumar as its Managing Director (MD). This marks the first time an Indian was appointed to this top leadership role in the company, signalling a renewed strategic focus on regional expansion and local leadership.
Kumar had over 35 years in civil engineering and IT consultancy.
He is known for project execution expertise, strategic planning, and infrastructure consultancy leadership.

PNB Supports Martyrs' Families Under Rakshak Plus Scheme

Punjab National Bank (PNB), one of India's leading public sector banks, extended financial assistance worth Rs. 17.02 crore to the families of 26 defence and paramilitary personnel who lost their lives in the line of duty. This support was delivered under the bank's dedicated Rakshak Plus Scheme, which aims to provide critical financial and insurance support to uniformed personnel and their families during times of loss or injury. The initiative stands as a symbol of gratitude and respect for the ultimate sacrifice made by India's brave soldiers.

Jun 20, 2025

Reliance Infra & Dassault Aviation to Build Falcon 2000 Jets in India

Reliance Aerostructure Limited (RAL), a subsidiary of Reliance Infrastructure, and Dassault Aviation of France announced a strategic partnership to manufacture Falcon 2000 business jets in Nagpur, Maharashtra. The announcement, made at the Paris Air Show 2025, marks the first time Dassault will produce these aircraft outside France, positioning India as a new hub for high-end aerospace manufacturing.

DPIIT Partners with YourStory to Empower 1 Million Entrepreneurs across India

To further promote inclusive entrepreneurship and strengthen the start-up ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with a private digital platform, YourStory Media Private Limited, with a focus on start-ups, innovation, and entrepreneurship.
According to the Ministry of Commerce and Industry, this partnership aligns with DPIIT's vision of fostering grassroots entrepreneurship and supporting emerging talent across Tier II, Tier III, and rural India.
The collaboration aims to empower 1 million entrepreneurs through AI-powered tools, venture launchpads, and regional language storytelling initiatives under the Bharat Project.

Bajaj Allianz Launches State-Wise Health Insurance Policies Tailored to Regional Needs

Bajaj Allianz General Insurance, one of India's leading private general insurers, unveiled a pioneering initiative — the 'State-wise Health Insurance Policy', a first-of-its-kind health insurance product thoughtfully tailored to address the distinct healthcare realities of each Indian state.
More than just another health plan, this product reflects the company's commitment to making quality healthcare truly accessible. Recognising that healthcare needs, treatment availability, and medical costs vary significantly across regions, these policies are customised to align with each state's unique healthcare ecosystem.

India Tops South Asia in FDI Receipts

Asia remained the highest recipient of Foreign Direct Investment in 2024 while global investments fell 11 per cent, revealed a new UN report released in June.
In 2024, developing economies of Asia attracted $605 billion in foreign direct investment (FDI), according to the latest World Investment Report released by UN Trade and Development (UNCTAD).
Within the South Asian region, India was the top FDI recipient.

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