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BUSINESS AND ECONOMY - November 2015

Nov 2015

Jan 01, 2026

India Becomes Fourth-largest Economy by Overtaking Japan

  • India has overtaken Japan to become the world's fourth-largest economy, with a GDP of USD 4.18 trillion, and is projected to surpass Germany to claim the third spot by 2030, according to a government release in December 2025.

Sharma Appointed Titan Chairperson and Additional Director

Sandhya Venugopal Sharma was appointed chairperson and additional director on the Titan Company board in January 2026. The appointment follows a nomination from TIDCO, the co-promoter of Titan Company. Sharma is a 1995-batch Indian Administrative Service officer belonging to the Tamil Nadu cadre, with a long career across administrative and technical roles in state government. Her diverse background in regulation, planning, and project management is expected to inform Titan’s governance and strategic decisions. The move highlights ongoing ties between government leadership experience and corporate governance in India, particularly for consumer goods and jewelry groups such as Titan, which seek sustained growth and regulatory alignment.
  • Sharma appointed chairperson and additional director on Titan Company board in January 2026.
  • Appointment derived from nomination by TIDCO, Titan’s co-promoter.
  • Sharma is a 1995-batch IAS officer of the Tamil Nadu cadre.
  • Career spans administrative and technical roles in state government.
  • Possible impact on governance, regulatory navigation, and strategic growth at Titan.

Dec 30, 2025

Aryaman Financial Arm Gets RBI Approval to Operate as NBFC

Aryaman Financial Services Ltd (AFSL) said its wholly owned subsidiary Aryaman Finance (India) Ltd has received a Certificate of Registration from the Reserve Bank of India to commence the business of a Non-Banking Financial Institution. AFSL, based in Mumbai, is a SEBI-registered Category-I merchant banker involved in lead management and syndication of Small and Medium Sized IPOs, FPOs, Rights Issues, Composite Issues, QIP, PIPE deals, VC funding and other forms of fund raising. The RBI CoR allows Aryaman Finance to operate as an NBFC, broadening AFSL’s financial services portfolio and offering new credit and funding options to corporate issuers and investors.
  • RBI issued Certificate of Registration to Aryaman Finance (India) Ltd.
  • Aryaman Finance will operate as a Non-Banking Financial Company
  • AFSL is a SEBI-registered Category-I merchant banker
  • Current activities include IPO lead management, syndication, and other fund-raising services
  • Prerequisite milestone for AFSL’s expansion into NBFC services
  • Potential impact on access to credit for issuers and investors

Dec 29, 2025

Jayshree Ullal Tops Hurun India Rich List 2025

Jayshree Ullal, President and Chief Executive Officer of Arista Networks, has topped the Hurun India Rich List 2025. The list, released in late December 2025, shows Ullal with a net worth of Rs 50,170 crore, making her the richest Indian-origin professional manager globally. Ullal, who has led Arista since 2008, benefited from a rally in the company’s shares, driven by demand for cloud networking and data-centre infrastructure. She is followed by Satya Nadella, whose net worth is Rs 9,770 crore, and Sundar Pichai, at Rs 5,810 crore. The ranking reflects a shift in wealth accumulation among Indian-origin tech executives on the world stage.
  • Jayshree Ullal tops Hurun India Rich List 2025 with Rs 50,170 crore net worth.
  • Arista Networks CEO leads among Indian-origin professionals in global tech wealth.
  • Satya Nadella and Sundar Pichai are second and seventh respectively in this list.
  • Surge linked to sustained rally in Arista share prices and data-centre demand.
  • Hurun list highlights Indian-origin leadership in global technology.

Dec 28, 2025

J&K Bank Wins 'Best MSME Bank' Award at MSME Banking Excellence Awards 2025

  • Jammu & Kashmir Bank won the prestigious 'Best MSME Bank – Winner' award at the MSME Banking Excellence Awards 2025, while also securing the Runner-Up position in the 'CSR Initiative & Business Responsibility' category. The MSME Banking Excellence Awards recognise banks for exemplary performance and best practices in promoting MSMEs, corporate social responsibility and sustainable business models.
  • Notably, Union Minister for Commerce and Industry Piyush Goyal presented the awards at a high-profile ceremony held in New Delhi. On behalf of the Bank the awards were received by Chief General Manager (Business Development) Sunit Kumar and GM/Divisional Head (ROI) Khursheed Muzaffar.The MSME Banking Excellence.

Dec 27, 2025

ASBL Hosts India's Biggest Real Estate Event

  • ASBL hosted India's biggest real estate event - ASBL Family Day 2025 at Anvaya Conventions in Hyderabad's Financial District, bringing together thousands of customers and their families in what industry observers are calling the largest customer-focused gathering in Indian real estate history.
  • The scale and intent of the event marked a clear industry first. No other real estate developer in India has organised a customer celebration of this magnitude, positioning ASBL Founder and CEO Ajitesh Korupolu as the only developer to pioneer large-scale post-possession customer engagement at this level.
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