General Awareness

BUSINESS AND ECONOMY - December 2014

Dec 2014

Jun 15, 2025

Ujjivan Small Finance Bank Limited Launches 'Ujjivan Rewardz' for Its Resident Savings Account Ho...

Ujjivan Small Finance Bank Limited (Ujjivan SFB) announced the launch of 'Ujjivan Rewardz,' a multi-tier system designed to reward the customers on their various digital transactions. With this program, Ujjivan SFB aims to further deepen customer engagement and experience by offering attractive and personalised benefits. Ujjivan SFB partnered with AdvantageClub.ai, an entity known for their innovative approach to delivering the loyalty solutions to Ujjivan SFB customers.

Jun 14, 2025

Volvo Cars Partners with HCLTech to Drive Engineering Transformation

HCLTech announced that Volvo Cars chose the technology company as one of its strategic suppliers for engineering services.
According to HCLTech, this agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale.
The strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centres.

Scapia & Federal Bank Launch Dual-Network RuPay-Visa Credit Card

Scapia, a travel-first fintech platform, in partnership with Federal Bank, launched the Scapia Federal RuPay Credit Card—a dual-network card that combines the convenience of UPI, credit access, and travel rewards in a single offering.
This new credit card enables users to carry out both RuPay and Visa transactions across online, offline, UPI, and international channels, while managing all spends under one credit limit and consolidated monthly statement.
This is one of the first credit cards in India to integrate UPI functionality directly via the RuPay network while retaining the global reach of Visa.

Jun 13, 2025

Yes Bank MD & CEO Prashant Kumar Gets 6-month Extension

Yes Bank said that Prashant Kumar, the lender's Managing Director (MD) and Chief Executive Officer (CEO), got a six-month extension from the Reserve Bank of India effective October 6, 2025.
Kumar was first appointed the administrator when Yes Bank was reconstructed by the RBI and the government with the help of a consortium of banks, including State Bank of India. He was later appointed MD & CEO. Kumar has worked as deputy MD and chief financial officer of SBI.

Polygon Appoints Sandeep Nailwal as CEO

Polygon, an L2 blockchain platform, announced the appointment of Sandeep Nailwal as Chief Executive Officer of the Polygon Foundation.
In this role, Nailwal will focus on long-term strategy, oversee key ecosystem initiatives, and ensure that the Polygon Foundation, which supervises Polygon Labs and other entities, decisively steers the project towards exponential growth, sharper focus, and greater value delivery to the Polygon ecosystem, including users, applications, and POL stakers.

Jana Small Finance Bank Applies to RBI for Universal Banking Licence

Jana Small Finance Bank (Jana SFB), one of India's leading small finance banks, submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank.
This strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking.
According to Ajay Kanwal, Managing Director & CEO, Jana Small Finance Bank, Applying for a Universal Banking license is a natural progression for Jana Bank.

Jun 12, 2025

SBI General Insurance Appoints Mohd. Arif Khan as Deputy CEO

SBI General Insurance, one of India's leading general insurance companies, appointed Mohd. Arif Khan as its Deputy Chief Executive Officer. A seasoned professional with over 25 years of service in the State Bank of India (SBI), Khan brings deep banking and leadership experience that is expected to strengthen the company's strategic and operational capabilities in a rapidly evolving insurance landscape.

PayG Appoints Harmeet Sethi as Chief Executive Officer

PayG, a leading home-grown Indian payment gateway innovating financial infrastructure for MSMEs, SMEs, and retailers, announced the appointment of Harmeet Singh Sethi as its new Chief Executive Officer.
Harmeet brings more than 25 years of leadership experience spanning technology, financial services, and global markets. His career includes high-impact roles across India, North America, the Middle East, and Southeast Asia, where he has led digital transformation, fintech expansion, and enterprise sales initiatives. Over his career, he has helmed transformative initiatives across fintech, digital payments, cross borders payment and financial infrastructure, cultivating strong regulatory-compliant operations and delivering scalable solutions.

Jun 11, 2025

Maharashtra Introduces Geo-Tagged Unique ID for All Infra Projects

The Government of Maharashtra mandated the assignment of a geo-tagged 13-digit alphanumeric unique ID to all infrastructure development projects in the state. This ID will serve as the primary reference once administrative approval is granted. The initiative aims to bring digital uniformity, prevent duplication, and enable real-time tracking of infrastructure projects across departments through the Infra ID portal, with a target to register all projects sanctioned in the last five years by March 2026.

Mumbai Ranks 6th Globally in Under-Construction Data Centre Capacity

Mumbai secured the 6^th position globally among 97 cities in terms of under-construction data centre capacity, as per the latest 'Global Data Center Market Comparison 2025' report by Cushman & Wakefield. With 335 MW of capacity currently being built, the city leads the Asia-Pacific (APAC) region and is poised to boost its operational capacity by 62%. The surge is driven by rising demand from hyperscalers, the rapid expansion of cloud computing and AI-based workloads, and the city's robust digital and power infrastructure.

SEBI Opens Settlement Window for Stock Brokers in Algo Trading Violation Cases

The Securities and Exchange Board of India (SEBI) announced a three-month settlement scheme for stock brokers facing regulatory proceedings for associating with unregulated algorithmic trading (algo) platforms. Open from June 16 to September 16, 2025, the scheme allows brokers to resolve ongoing cases and avoid further litigation. This move follows SEBI's findings that several brokers collaborated with third-party algo platforms offering assured returns, a practice violating market conduct norms.

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