General Awareness

BUSINESS AND ECONOMY - November 2015

Nov 2015

May 05, 2025

India's First Gold-Melting ATM Unveiled by Goldsikka

In a move set to transform the landscape of gold transactions in India, Hyderabad-based Goldsikka unveiled an AI-powered Gold-Melting ATM. This innovative machine enables users to buy, sell, exchange, lease, digitise, and monetise gold, all through an automated process. Integrated with Augmented Reality (AR), the ATM also allows users to virtually try on jewellery before purchasing, offering a futuristic and user-friendly gold transaction experience.
The AI-powered Gold-Melting ATM is located in Hyderabad, Telangana.

Warren Buffett to Step Down as Berkshire CEO after 60 Years at Helm

Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as Chief Executive Officer of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice-Chairman Greg Abel.
The move caps an era for Berkshire after Buffett's extraordinary 60 years at the helm, which made him a household name, a multi-billionaire and an American success story.

May 04, 2025

Sa-Dhan and Bank of India Sign a MoU for Expanding Financing Footprint

Sa-Dhan, an RBI - appointed self-regulatory organisation of Microfinance and Impact Finance Institutions in India, signed a Memorandum of Understanding (MoU) with Bank of India for expanding the financing access to small and micro and women-led enterprises. Both the entities will collaborate in achieving crucial National Financial Inclusion and Sustainable Development Goals (SDGs).
The MoU is a non-commercial arrangement and include key areas of collaboration such as Enterprise Finance for SHGs and Non-SHG Members, Climate - Resilient Technologies and Green Financing, WASH (Water, Sanitation and Hygiene) Financing, Co-lending to MFIs, Digital Transformation and Adoption of Technologies and most importantly, Financial Literacy and Awareness about Government Schemes.

Infosys Completes Acquisition of Australia's The Missing Link

Infosys completed its acquisition of the Australian cybersecurity services firm The Missing Link for AUD 98 million (about Rs. 532 crore).
Infosys acquired the firm in an all-cash deal through its wholly-owned subsidiary Infosys Singapore Pte Ltd.
With this acquisition, Infosys aims to strengthen its cybersecurity capabilities, besides expanding its presence in the Australian market.
The Missing Link brings to Infosys, a group of highly skilled cybersecurity professionals consisting of Red Team, Blue Team, and a state-of-the-art Global Security Operations Centre (GSOC) adding to the network of Infosys' global cyber defence centres.

May 03, 2025

NITI Aayog's New Report Aims to Boost MSME Competitiveness in India

NITI Aayog released a report titled Enhancing Competitiveness of MSMEs in India, in collaboration with the Institute for Competitiveness (IFC). The report provides a comprehensive analysis of India's Micro, Small, and Medium Enterprises (MSMEs), identifying key challenges and presenting a set of systemic reforms aimed at boosting their competitiveness. The recommendations focus on financing, innovation, skill development, and market access, paving the way for MSMEs to thrive in both domestic and global markets.

May 02, 2025

CCI Greenlights Major Stake Acquisition in Coca-Cola India Arm by Jubilant and Goldman Sachs

In a key move impacting India's food and beverage sector, the Competition Commission of India (CCI) cleared a deal involving the acquisition of a 40% stake in Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH) by Jubilant Beverages Limited (JBL). The deal also includes subscription to CCPS in JBL by Jubilant BevCo Ltd. and Singapore-based investors backed by Goldman Sachs Asset Management (GSAM). This strategic partnership marks a major collaboration between an Indian conglomerate and a global beverage giant.

Google, Microsoft, Nvidia Join IICT to Empower Digital Creators

Seven global firms, including Google and Microsoft, are collaborating with the Indian Institute of Creative Technology (IICT) to promote talent in the emerging creators' economy in the country.
The seven firms - Nvidia, Google, Apple, Microsoft, Meta, Star India and Adobe are collaborating with the IICT. The IICT will work closely with the industry to make our young creators future ready.

PM Modi Commissions Vizhinjam International Seaport

Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport, placing Kerala firmly on the global maritime map.
The port in Thiruvananthapuram district is expected to transform India's role in international trade and shipping.
The deep-water port has been developed by Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer and part of the Adani Group, under a public-private partnership.
The project was completed at an estimated cost of Rs. 8,867 crore.

CCI Approves KKR's Acquisition of Majority Stake in HealthCare Global Enterprises

The Competition Commission of India (CCI) gave green light the acquisition of a controlling stake in HealthCare Global Enterprises Limited (HCG) by KKR, a global investment firm, through its entities Hector Asia Holdings and KIA EBT II Scheme. This move reflects growing global interest in India's healthcare sector and highlights the importance of regulatory oversight in major corporate deals.

May 01, 2025

Indian Oil Corporation to Import LNG under 5-year agreement with US-based Trafigura

Indian Oil Corporation, the country's largest refiner, signed a five-year deal with trading firm Trafigura to import liquefied natural gas (LNG).
Under the arrangement, Trafigura will deliver three to four LNG shipments in the current year, followed by six shipments annually beginning next year (2026).
The pricing structure for these imports will be tied to the US Henry Hub benchmark. India is aiming to increase its energy purchases from the United States to address trade imbalances with the world's largest economy, while traders are seeking to redirect some LNG originally destined for China toward India.

RBI Launches 3 Key Surveys for Monetary Policy Input

To fine-tune India's monetary policy based on real-time household sentiments, the RBI initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, and economic sentiment in both urban and rural India, helping the central bank make informed decisions.
The data from these surveys will serve as crucial inputs for the RBI's upcoming Monetary Policy Committee (MPC) meeting scheduled from June 4–6, 2025.

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