General Awareness

BUSINESS AND ECONOMY - January 2015

Jan 2015

Jul 14, 2025

FundsIndia Names Akshay Sapru as Group CEO

Digital platform for mutual funds and investment solutions provider FundsIndia appointed Akshay Sapru as its Group Chief Executive Officer.
FundsIndia is backed by private equity firm WestBridge Capital, a majority stakeholder in the city-based firm.
With a career spanning over 27 years in the banking, financial services and insurance (BFSI) sectors, Akshay Sapru brings a wealth of domain knowledge and multifaceted leadership skills to FundsIndia.

India Secures 5-Year DAP Fertilizer Agreement with Saudi Firm Maaden

India and Saudi Arabia signed important long-term agreements to boost the supply of fertilisers to India. The agreements were finalised during Union Minister J. P. Nadda's three-day visit to Dammam and Riyadh. These deals aim to secure India's fertilizer needs and strengthen cooperation in health and pharmaceuticals.
Under the new deal, India will receive 3.1 million metric tons of Diammonium Phosphate (DAP) fertiliser annually for five years starting from 2025–26. The deal may be extended for another five years with mutual consent. This is a big rise from the 1.9 million metric tons India imported from Saudi Arabia in 2024–25.

Jul 13, 2025

Priya Nair to Become 1st Woman CEO-MD of Hindustan Unilever

Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd (HUL) effective August 1, 2025, with India's largest FMCG firm announcing her appointment.
Ms. Nair, currently President, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.
She replaces Rohit Jawa, who will step down as CEO and MD on July 31, 2025, to pursue the next chapter in his personal and professional journey.
Ms. Nair joined HUL in 1995 and held several sales and marketing roles across home care, beauty and wellbeing, and personal care businesses.

Big Government Payments to Go Through RBI e-Kuber

From July 16, 2025, all Indian government payments above Rs. 75 crore must be made through the RBI's e-Kuber system. This step aims to bring more transparency, faster processing, and quicker tracking of big payments. The system will help in managing funds more smoothly and will shorten the time taken to match records.
The main reason for this move is to make the payment system faster, cleaner, and more accurate. With e-Kuber, it will take just 24 hours to match account details, instead of waiting for many days. It also helps in real-time tracking of how money is being spent by different departments. This improves transparency and ensures there is no misuse or delay in big payments.
e-Kuber is a special online system developed by the RBI. It is used to manage transactions between the government and banks. It helps settle payments quickly and safely. With this rule, the government wants to use technology to streamline fund transfers and reduce mistakes or delays in payments.

Jul 12, 2025

Nvidia Becomes First Company to Reach $4 Trillion Value

Nvidia made history, becoming the first company ever to reach a $4 trillion market valuation, solidifying its dominance in the global financial landscape.
Nvidia first reached a $1 trillion valuation in June 2023, and since then, its growth trajectory has outpaced every other mega-cap stock. In just over a year, its market value more than tripled, a feat achieved faster than both Apple and Microsoft, now valued at $3.01 trillion and $3.75 trillion, respectively.
The record value came as tech giants such as OpenAI, Amazon and Microsoft are spending hundreds of billions of dollars in the race to build massive data centres to fuel the artificial intelligence revolution. All of those companies are using Nvidia chips to power their services, though some are also developing their own.

Jul 11, 2025

India Leads US Billionaires List

India is currently the leading country of origin for billionaire immigrants in the US, Forbes noted in its 'America's Richest Immigrants 2025' list published. Israel and Taiwan are next on the list. Cybersecurity mogul and CEO of Zscaler, Jay Chaudhry, is the richest Indian-American in the US. He has a whopping net worth of over $17.9 billion.
The 125 billionaire immigrants identified by Forbes hail from 43 countries. But nearly two-thirds of them were born in India, Israel, Taiwan, Canada, China and five other nations.
Newcomers from India include Alphabet CEO Sundar Pichai, Microsoft chief Satya Nadella and Nikesh Arora, who has run cybersecurity company Palo Alto Networks since 2018.
India (7) was behind Israel, Canada, and on par with China in terms of origin for billionaire immigrants in 2022. However, India now leads the list with 12. Israel (11) and Taiwan (11) are next in the 2025 list. China had (7) in 2022 and eight in 2025.

Linda Yaccarino Steps Down as CEO of Elon Musk's X

Linda Yaccarino announced that she's stepping down from her role as CEO of X (formerly Twitter), bringing an end to a brief but intense stint at the top of one of the internet's most high-profile platforms.
Yaccarino was brought in by Elon Musk in 2023, just months after his takeover of Twitter. At the time, Musk was under growing pressure — especially from Tesla shareholders — to delegate responsibilities and bring stability to the platform. Yaccarino, a veteran advertising executive who previously headed NBCUniversal's ad business, was seen as the ideal pick to help fix X's strained relationship with advertisers and restore credibility with brands.

MCX Launches India's First Electricity Futures Contracts

India's Multi Commodity Exchange (MCX) launched the country's first electricity futures contracts, providing power generators, distribution companies, and large industrial consumers with a tool to hedge their risks.

Jul 10, 2025

Puneet Gupta Steps Down as CEO after Clensta's Acquisition

Puneet Gupta, Founder and CEO of Clensta, announced that he is stepping down as CEO following the acquisition of Clensta, a personal care innovator best known for its waterless technology solutions.
This transition marks the end of a decade-long journey that saw Gupta move from aerospace and defense innovation to building one of India's most recognized tech-backed personal care brands.

H&H Aluminium Pvt Ltd Inaugurates India's Largest Solar Panel Frame Plant

Gujarat-based H&H Aluminium Pvt Ltd launched India's largest and most advanced aluminium solar frame manufacturing plant at Rajkot, Gujarat (India). The 24,000 metric tons (MT) per annum capacity can power and support up to 6 Gigawatt (GW) solar installation in India.
The plant was inaugurated by C. R. Patil, Union Minister of Jal Shakti, Government of India, in the presence of senior Government officials, the leadership team of H&H Aluminium and all invited dignitaries.

Digital Connexion Appoints C. R. Srinivasan as CEO

Digital Connexion, a provider of scalable data centre, collocation and interconnection solutions announced the appointment of C. R. Srinivasan as its Chief Executive Officer (CEO).
Digital Connexion is a joint venture (JV) between Brookfield Asset Management, Reliance Industries Limited and Digital Realty. It is investing in over 140MW of AI-ready data centre capacity across Chennai and Mumbai in its first wave of investment to meet growing hyperscale and enterprise demand.

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