General Awareness

BUSINESS AND ECONOMY - November 2014

Nov 2014

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.

Jun 19, 2025

Bank of Maharashtra Signs MoU with SBI Card for Co-Branded Credit Cards

State-owned Bank of Maharashtra entered into a strategic co-branding partnership with SBI Card to launch co-branded credit cards tailored to meet the evolving financial and lifestyle needs of its customers.
Under this partnership, bank customers will be able to access a range of co-branded credit cards, designed with attractive features including reward points, cashback offers, fuel surcharge waivers, EMI facilities, and exclusive merchant discounts across key spending categories like dining, travel, and e-commerce.

Swiggy Names Saurav Goyal SVP to Head Driver and Delivery Organisation

Swiggy Ltd, one of India's largest on-demand convenience platforms, appointed Saurav Goyal as Senior Vice President and head of its Driver and Delivery Organisation, the company said.
Goyal, who joined Swiggy in June 2020, has been serving as head of the business finance function. In that role, he played a key part in advancing the company's strategic objectives, working closely with operational leaders to align financial planning with business outcomes.

OpenAI Secures $200 Million AI Contract with U.S. Defense Department

OpenAI, the creator of ChatGPT, was awarded a $200 million contract by the U.S. Department of Defense to develop advanced artificial intelligence (AI) tools tailored to national security and military operations. Announced by the Pentagon, the deal positions OpenAI at the forefront of defense-related AI innovation, with work expected to continue through July 2026, primarily near Washington, D.C.
The contract showcases the deepening ties between tech firms and defense institutions.
It marks OpenAI's entry into national security AI systems, signaling a shift beyond commercial use.

Jun 18, 2025

RBI Hikes Agency Commission for Banks on Government Transactions

In a move aimed at enhancing efficiency in government-related banking services, the Reserve Bank of India (RBI) revised the agency commission rates paid to banks for handling government business transactions. The revised structure includes increased payouts for electronic revenue transactions, pension disbursements, and non-pension government payments, signalling RBI's intent to bolster digital handling of public funds and incentivise banks accordingly.

HCLTech Partners with E.ON to Create Private Cloud Infrastructure

HCLTech entered into a strategic partnership with E.ON, a European energy company, to support the transformation of E.ON's cloud infrastructure under the terms of the contract.
As part of the multi-year agreement, HCLTech will create a private cloud platform for E.ON and manage its cloud and network infrastructure across global hyperscalers, which operate large-scale cloud data centres.
Headquartered in Germany, E.ON has a distribution network of 1.6 million kilometres and approximately 47 million customers. It is one of Europe's largest energy companies, focusing on power and gas distribution and sustainable energy solutions across key European markets.

Bata Group Names Panos Mytaros Global CEO, Replacing Sandeep Kataria

The Bata Group announced the appointment of Panos Mytaros as its new global Chief Executive Officer, effective 15 September. He will succeed Sandeep Kataria, who has led the group since 2020.
Mytaros comes with over 30 years of experience in the footwear and leather industry. Prior to joining Bata, he was at ECCO, where he held several senior positions, including, most recently, chief executive officer from 2021 to 2024.

Jun 17, 2025

RBI Relocates Andhra Pradesh Regional Office to Vijayawada

The Reserve Bank of India (RBI) officially relocated its Andhra Pradesh regional office to Vijayawada. The new office was inaugurated by Deputy Governor T. Rabi Sankar, marking a significant step in enhancing the central bank's operational effectiveness and outreach in the state.
The RBI's decision to shift its Andhra Pradesh regional office to Vijayawada from the earlier location reflects an effort to streamline regional financial operations and boost accessibility in the heart of Andhra Pradesh. The move is also in alignment with the region's growing economic importance.

Meta Appoints Arun Srinivas as India Head to Lead Business Expansion

Meta appointed Arun Srinivas as its new Managing Director and Head of India, effective July 1, 2025. Currently heading Meta's ads business in India, Srinivas will now oversee the company's overall business, innovation, and revenue strategy in one of its largest global markets. His elevation follows the resignation of Shivnath Thukral, and came at a time when Sandhya Devanathan took charge of Meta's operations across India and Southeast Asia.

TCS Joins Hands with CEB to Streamline Financial Operations

Tata Consultancy Services (TCS) partnered with the Council of Europe Development Bank (CEB), headquartered in Paris, to streamline the bank's complex financial transactions. As part of this collaboration, TCS will implement its AI-driven solution, TCS BaNCSTM for Reconciliations, to automate and modernise CEB's reconciliation processes and increase operational transparency, efficiency, and control.
The collaboration between TCS and the CEB is significant for several reasons: It showcases India's IT leadership in global financial transformation. It introduces AI and automation into core banking functions of a major European development bank. It aligns with CEB's mission of improving operational efficiency to support social development projects across Europe.

Jun 16, 2025

Sun Pharma Appoints Kirti Ganorkar as MD

Sun Pharmaceutical Industries Ltd, India's largest pharmaceutical company, appointed Kirti Ganorkar as its Managing Director, effective September 1, 2025. The move marks the culmination of a carefully planned succession process, with founder Dilip Shanghvi transitioning to the role of Executive Chairman. While Ganorkar will oversee day-to-day business operations, Shanghvi will continue guiding the company's long-term strategy and its specialty portfolio.

Maruti Suzuki Collaborates with Equitas Small Finance Bank to Expand Retail Car Financing Network

Maruti Suzuki India signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers.
This collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers.

Adani Green Energy Ranks Highest in NSE's ESG Power Sector Benchmark

Adani Green Energy Ltd (AGEL) was ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange (NSE).
Additionally, AGEL is among the top 5 entities in ESG ratings assessed from the top 100 listed companies by revenue across the National Stock Exchange (NSE).

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

July GK, June GK, May GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services And Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26