General Awareness

BUSINESS AND ECONOMY - August 2015

Aug 2015

Mar 04, 2025

L&T Secures New Power Transmission Orders in India, Overseas

Larsen & Toubro's (L&T) Power Transmission & Distribution (PT&D) vertical secured multiple significant contracts for infrastructure projects in India and international markets. The new orders reinforce its role in developing global power networks.
In India, L&T was awarded a contract to build 765kV and 400kV transmission lines linked to a Renewable Energy Zone in Uttar Pradesh. Additionally, the company has secured an order for the turnkey construction of a 400kV transmission line in southern India, intended to evacuate power from a non-fossil fuel-based power plant.
Internationally, L&T received an order in Saudi Arabia for a 380kV Gas Insulated Substation (GIS), which will include the installation of associated reactors and hybrid GIS bays. In Abu Dhabi, the company has been contracted to develop a new 220/33kV grid station along with other related infrastructure.
These contracts highlight L&T's continued partnerships with key clients and its contribution to the expansion of power infrastructure across various regions.

IRCTC and IRFC Get the 'Navratna' Tag from Centre

The Government of India elevated the Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to the esteemed Navratna status among Central Public Sector Enterprises (CPSEs).
This upgrade makes IRCTC and IRFC the 25^th and 26^th companies to receive Navratna recognition, marking a significant achievement for the Indian Railways.
The Navratna status provides these enterprises with enhanced financial autonomy, enabling them to invest up to Rs. 1,000 crore without requiring prior government approval.

City Union Bank Partners with Chennai Super Kings to Launch Co-Branded Credit Card

City Union Bank (CUB) announced a strategic partnership with Chennai Super Kings (CSK) to introduce an exclusive co-branded credit card. This collaboration aims to offer CSK fans a unique financial product that enhances their purchasing experience while allowing them to showcase their team spirit. The City Union Bank – Chennai Super Kings Co-Branded Credit Card is designed to provide customers with exciting rewards, exclusive offers, and memorable cricket-related experiences.
The partnership between City Union Bank and Chennai Super Kings marks a major milestone in the intersection of banking and sports. By combining financial services with cricket fandom, this co-branded credit card provides a seamless way for CSK supporters to celebrate their love for the team while enjoying financial benefits. This initiative aims to increase fan engagement and offer them an additional way to express their loyalty to the franchise.

Mar 03, 2025

RBI Imposes Penalty on Hongkong and Shanghai Banking Corporation

The RBI imposed a penalty of Rs. 66.6 lakh on The Hongkong and Shanghai Banking Corporation Limited for non-compliance with certain directions including those related to 'Know Your Customer' and 'Interest Rates on Deposits'. A penalty of Rs. 33.1 lakh was also imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016' and Know Your Customer (KYC) Directions.

PwC India Launches Programme to Mentor 15 start-ups in Blockchain, AI

PwC India announced the launch of its first-ever start-up accelerator programme 'Emerging Tech Start-up Challenge' geared to empower start-ups in the emerging technology space to refine their solutions and bolster market penetration.
The accelerator programme is aimed at driving innovation and supporting India's vibrant start-up ecosystem by providing mentorship, consulting expertise, and strategic guidance.

Mar 02, 2025

SEBI Launches Bond Central: A Centralised Database for Corporate Bonds

The Securities and Exchange Board of India (SEBI) introduced a centralised database portal named Bond Central to enhance transparency and streamline access to corporate bond-related information. This initiative aims to create a single, authentic source of information on corporate bonds issued in India, benefiting investors and other market participants.
The Bond Central portal has been developed through a collaboration between Online Bond Platform Providers (OBPP) Association and Market Infrastructure Institutions (MIIs), which include stock exchanges and depositories. The portal is intended to serve as an information repository for the public and is accessible free of cost.

Mar 01, 2025

Fashion Business Summit 2025

The Fashion Business Summit 2025, hosted by renowned fashion business coach Harvi Shah, concluded on a high note at Courtyard by Marriott, Mumbai International Airport. This two-day power-packed event brought together some of the most influential minds in fashion, entrepreneurship, and personal development, offering invaluable insights to aspiring and established fashionpreneurs alike.
This summit was designed to bridge the gap between fashion entrepreneurship and business acumen.

Flipkart-Backed super.money Acquires BharatX for Growth

Flipkart-backed UPI platform super.money acquired BharatX, a checkout financing platform, in an all-cash deal. The acquisition will strengthen super.money's position in India's growing digital credit market, particularly in checkout financing. With this acquisition, super.money aims to leverage BharatX's technology stack to enhance credit-on-UPI solutions. The deal also brings BharatX's core team to super.money, with an evaluation planned after six months. The move came as competition in the checkout financing segment has reduced, making it an opportune time for new product development.

Feb 28, 2025

Yes Bank Leads S&P Global Sustainability Rankings 2025

Yes Bank emerged as India's highest-rated bank in sustainability for the third consecutive year, as per the S&P Global Corporate Sustainability Assessment (CSA) 2024 and the Carbon Disclosure Project (CDP).
With a CSA score of 72/100, Yes Bank is the only Indian bank featured in the S&P Global Sustainability Yearbook 2025, which recognises the top 15% of global banking leaders based on ESG performance. The bank also retained its A- (Leadership Band) rating from CDP, highlighting its strong climate risk management and disclosure practices.

Mahindra SA Inks MoU to Explore Auto Production Feasibility in South Africa

Mahindra South Africa, the local subsidiary of the Indian automative giant, signed a Memorandum of Understanding with the Industrial Development Corporation (IDC) to undertake an in-depth feasibility study on the potential establishment of a Completely Knocked Down (CKD) vehicle assembly facility in the country.
Mahindra South Africa is also in the process of increasing its productive capacity at its assembly facility operation by AIH Logistics in KwaZulu-Natal province as it enters a third decade in the country, which it often refers to as "Mahindra's second home."

Tuhin Kanta Pandey Appointed New SEBI Chairman

IAS Tuhin Kanta Pandey was appointed new SEBI Chairman. The 1987-batch officer from Odisha cadre replaced Madhabi Puri Buch, whose three-year tenure ended in February 2025.
Pandey holds a Masters in Economics from Panjab University, Chandigarh and an MBA from the University of Birmingham (UK).
Pandey was serving as the Secretary, Department of Revenue, Ministry of Finance and the Finance secretary before this appointment. Previously, he held the charge of Secretary of three Departments– Department of Investment & Public Asset Management (DIPAM), Department of Public Enterprises (DPE) and Department of Personnel and Training.

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