General Awareness

BUSINESS AND ECONOMY - January 2015

Jan 2015

Jul 19, 2025

Ajay Kumar Shrivastava Appointed Director (Engineering & R&D), HAL

Ajay Kumar Shrivastava officially assumed the role of Director (Engineering and R&D) at Hindustan Aeronautics Limited (HAL), one of India's premier aerospace and defence public sector undertakings. With 37 years of experience in aircraft design and development, Shrivastava's appointment marks a significant move in advancing indigenous aviation capabilities and innovation.
Ajay Shrivastava began his professional journey at HAL in 1988 as a Management Trainee (Technical). Over the decades, he has served in multiple leadership roles including Head of the Aircraft Research & Design Centre (ARDC) and the Transport Aircraft Research & Design Centre (TARDC).

Government Extends NTPC CMD Gurdeep Singh's Tenure till July 2026

The government extended the tenure of Gurdeep Singh as Chairman and Managing Director (CMD) of NTPC by one year.
Singh who was due to retire on July 31, will now lead the power giant for till July-end 2026. NTPC is India's largest power producing entity under Ministry of Power.

Jul 18, 2025

Zepto's Founders Top In Hurun India U30 List 2025

The Hurun India U30 List 2025, released in collaboration with Avendus Wealth, marks a defining moment in India's entrepreneurial journey. Featuring 79 dynamic entrepreneurs aged 30 or below, the list celebrates a generation of self-starters who have built ventures with significant valuations, job creation, and global impact.
Launched as part of the broader "Uth Series" by Hurun and Avendus, this is the first edition focused exclusively on under-30 founders. Entrepreneurs featured must have founded or co-led ventures with a valuation of over $25 million (first-generation) or $50 million (next-generation leaders).
Top-Ranked Founders - Aadit Palicha and Kaivalya Vohra (Zepto)
Youngest Entrepreneur - Kaivalya Vohra (22)
Top Women Founders - Devika Gholap, Ananyashree Birla and Romita Mazumdar

EximPe Gets RBI Approval for Cross-Border Payment Aggregator License

EximPe received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This move is expected to bolster cross-border digital transactions and e-commerce trade, particularly in the India-Asia corridor. As cross-border payments become more integral to global trade and digital services, such regulatory approvals mark a shift toward enhanced infrastructure and compliance in the digital economy.

Reliance Retail Acquires Kelvinator

Reliance Retail acquired refrigerator, washing machine manufacturer Kelvinator to broaden its range of offerings in the fast-growing durables market.
By bringing Kelvinator into Reliance's fold, Reliance aims to combine its massive retail network with Kelvinator's legacy of innovation and trusted performance.
Kelvinator, which originated in the early 20th century and became a household name in India in the 1970s and '80s with the tagline "The Coolest One," retains a nostalgic charm with Indian consumers.

Jul 17, 2025

UPI-PayNow Expanded to 13 More Indian Banks Join Cross-Border Remittance Network

National Payments Corporation of India (NPCI) International launched the expanded UPI-PayNow linkage, enhancing cross-border remittance services between India and Singapore. This move is part of a broader initiative supported by the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) to promote secure, real-time, and cost-effective international payments.
In a major step forward, 13 additional Indian banks joined the UPI-PayNow network, taking the total to 19. Banks like HDFC Bank, ICICI Bank, State Bank of India, Bank of Baroda, Punjab National Bank, and Kotak Mahindra Bank are now part of this ecosystem. This expansion allows users from India and Singapore to conduct real-time remittances more broadly and securely.

Revival of Historic Machilipatnam Port

Machilipatnam, an old port city in Andhra Pradesh, is getting a fresh start. A new greenfield port is being built at Manginapudi, and 48% of the construction is already done. The port is expected to start working by the end of 2026, bringing economic growth and job opportunities. This project is important for both Andhra Pradesh and Telangana.
The new port is being built by Megha Engineering and Infrastructure Ltd (MEIL). About 1,250 workers are working day and night in two shifts. According to G. Tulasidas, the project manager, the construction is going well and the port should be ready by late 2026.

Everrenew Energy Appoints Industry Veteran Pankaj Tandon as Chief Executive Officer

Everrenew Energy Private Limited, a leading one-stop project management company for wind, solar, and hybrid projects, including asset management services, announced the appointment of Pankaj Tandon as the Chief Executive Officer, effective immediately. He succeeded Venkatesh R.
With over 30 years of experience in EPC, infrastructure, and international business, Mr. Pankaj has held senior leadership positions at renowned organizations such as Jakson Group, KEC International, and Transrail Lighting. His vast global exposure spans South Asia, Africa, Europe, and Southeast Asia, where he has successfully scaled operations, driven profitability, and built strategic partnerships.

Sabyasachi Couture Appoints Manish Chopra as CEO

Sabyasachi Couture, the iconic Indian luxury fashion house, appointed Manish Chopra, former Shein India executive, as its new CEO. This leadership change came as India's luxury market experiences a strong revival, with domestic labels like Sabyasachi expanding their global presence. The brand, majority-owned by the Aditya Birla Group, is reinforcing its position in the upscale fashion segment through strategic talent acquisition and international growth.

Jul 16, 2025

ACKO Becomes Tesla's Insurance Partner in India

ACKO, one of India's top digital insurance companies, was chosen as the preferred insurance partner for Tesla as the electric carmaker entered the Indian market. The partnership aims to offer a simple, smart, and digital insurance experience for Tesla customers. This step marks a major move in making electric vehicle (EV) ownership easier and more convenient.
The tie-up between Tesla and ACKO brings together two companies that focus heavily on technology and innovation. Insurance for Tesla cars in India will be fully digital, from getting a quote to filing a claim. ACKO will offer specially designed plans for Tesla's high-performance electric cars, with features tailored to meet the needs of EV owners.

Raghavendra S. Bhat Appointed Interim CEO of Karnataka Bank

Karnataka Bank named Raghavendra S. Bhat as its interim Managing Director and Chief Executive Officer (MD & CEO). This move came after a leadership crisis, following the resignation of the previous MD and CEO. Bhat will hold the position for three months or until a new permanent CEO is appointed.
The leadership change follows the resignation of Srikrishnan Hari Hara Sarma, the former MD and CEO, who stepped down in June due to personal reasons. His official term ended on July 15. In addition, Executive Director Sekhar Rao also resigned, citing personal reasons and inability to relocate to Mangaluru. His resignation will take effect from July 31, 2025.
Raghavendra S. Bhat is a long-time employee of Karnataka Bank, having joined as a clerk in 1981.

Sanjay Kaul Appointed CEO of GIFT City, Gandhinagar

Sanjay Kaul, a 2001-batch IAS officer from the Kerala cadre, was appointed as the Managing Director and CEO of GIFT City Company Limited in Gandhinagar, Gujarat. The announcement was made through a government order. He will take charge on deputation for three years, or until further notice.
He has rich administrative experience and has earlier worked in Gujarat as Managing Director of both the Tourism Corporation of Gujarat Ltd and Gujarat Informatics Ltd.
Kaul's new post at GIFT (Gujarat International Finance Tec-City) puts him at the top of India's first smart city focused on international finance. His role as MD & CEO will involve overseeing the growth and management of this global business hub, which plays a major role in India's financial services sector.

R. Doraiswamy Appointed LIC MD and CEO

R. Doraiswamy assumed charge as Chief Executive Officer and Managing Director of Life Insurance Corporation of India (LIC).
This appointment marks a historic transition in the insurance behemoth's leadership structure, as Doraiswamy became the first full-term CEO and MD under the new regulatory framework of the LIC Act that merged the roles of Chairman and Managing Director into a single executive position.

Jul 15, 2025

Hemant Rupani to Take Over as CEO of Hindustan Coca-Cola Beverages in September

Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), the largest bottling arm of the Coca-Cola Co. in India, announced the appointment of Hemant Rupani as its new chief executive officer, effective September 8, 2025.
Rupani joins HCCB after a nine-year tenure at Mondelez International Inc.
He will succeed Juan Pablo Rodriguez, the current CEO of HCCB, who is transitioning to a new opportunity within the Coca-Cola system.

Tesla Launches First India Showroom at Bandra Kurla Complex, Mumbai

Elon Musk's Tesla finally launched its first showroom in India. The store opened in Mumbai's Bandra Kurla Complex. Tesla's formal entry to the Indian market is a result of strategic negotiations, policy shifts, and market preparation.
This flagship showroom, also referred to as a Tesla Experience Centre, is expected to be followed by more outlets in major metros.

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