General Awareness

BUSINESS AND ECONOMY - December 2015

Dec 2015

Jun 10, 2025

Vikas Jain Appointed President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, was appointed as President of NAREDCO Maharashtra NextGen, the youth-oriented arm of the National Real Estate Development Council (NAREDCO), Maharashtra. A first-generation developer from Mumbai, Jain succeeded Ridham Gada, who assumed the role of Vice-Chairman, NextGen.

Sailesh C. Mehta New Chairman of Fertiliser Association of India

Sailesh C. Mehta, the Managing Director of Deepak Fertilisers and Petrochemicals Corporation Ltd., was appointed the new Chairman of the Fertiliser Association of India (FAI). With over 40 years of experience in the industry, Mehta succeeded N. Suresh Krishnan.
This leadership transition is significant amid India's growing push for balanced fertiliser usage, sustainable agriculture, and increased collaboration between the government and fertiliser industry.

Jun 09, 2025

Sat Pal Bhanoo Takes Interim Charge as LIC MD & CEO for Three Months

The Government of India appointed Sat Pal Bhanoo, currently Managing Director at Life Insurance Corporation of India (LIC), as the interim CEO and Managing Director of the corporation. This decision follows the completion of the tenure of Siddhartha Mohanty, who served as the previous CEO & MD. Bhanoo assumed this key leadership role for a period of three months from June 08, 2025, or until a permanent successor is appointed, whichever occurs earlier.

World's Largest Container Ship MSC IRINA Arrives at Vizhinjam International Seaport

The world's biggest container ship, MSC IRINA, docked at Vizhinjam International Seaport in Kerala, marking a milestone moment for India's newest deepwater port.
The vessel's arrival is the first time a container ship of this size has called at an Indian port, and it puts Vizhinjam firmly on the global shipping map. Built to carry 24,346 TEUs (twenty-foot equivalent units), MSC IRINA holds the record for the highest container capacity in the world.
The port, operated by Adani Ports and SEZ Ltd (APSEZ), is India's first Mega Transshipment Container Terminal. It sits just 10 nautical miles off one of the busiest east-west shipping lanes, connecting Europe, the Persian Gulf, Southeast Asia and the Far East.
At nearly 400 metres long and 61 metres wide, MSC IRINA is nearly four times the length of a football pitch. It can stack containers up to 26 tiers high, and is powered by energy-efficient tech that cuts emissions by around 4%. Flying the Liberian flag, the ship was launched in March 2023 and set out on its maiden voyage a month later.

RBI Raises Gold Loan LTV Ratio to 85% for Loans below Rs. 2.5 Lakh

The Reserve Bank of India (RBI) announced a major revision in its gold loan norms by increasing the loan-to-value (LTV) ratio for loans up to Rs. 2.5 lakh to 85%, effective from April 1, 2026. This decision follows extensive consultations and aims to ease credit access for small-ticket borrowers, while also imposing stricter valuation, documentation, and monitoring frameworks on lenders to tackle the surge in non-performing assets (NPAs) in the gold loan segment.
This move addresses concerns from the Department of Financial Services (DFS) and aims to balance financial inclusion with credit risk management, especially in the wake of rising NPAs in the sector.

Jun 08, 2025

Dell Names Manish Gupta India President and MD

Dell Technologies appointed Manish Gupta as President and Managing Director for India, with immediate effect.
Gupta was previously vice-president and general manager, global alliances, Asia Pacific Japan and Greater China. He succeeded Alok Ohrie, who left the company after holding the position since 2013.
Gupta brings over 25 years of experience in the IT sector, including more than a decade at Dell Technologies in leadership roles.

Akasa Air Signs Pact with Adani Airport to Launch Operations from NMIA

Akasa Air signed an agreement with Adani Airport Holdings Ltd (AAHL) to commence operations from the upcoming Navi Mumbai International Airport (NMIA), making it the first airline to confirm services from the new airport.
The carrier will initially operate over 100 domestic flights per week from NMIA. This is expected to increase to more than 300 domestic and 50 international departures per week by the winter schedule.
The expansion is part of Akasa Air's broader strategy to establish up to 10 aircraft parking bases by 2027 and foray into key international markets across the Middle East and Southeast Asia.

Jun 07, 2025

RBI Launches Five-part Documentary Series titled 'RBI Unlocked: Beyond the Rupee'

The Reserve Bank of India, in collaboration with JioHotstar, launched a five-part documentary series titled 'RBI Unlocked: Beyond the Rupee.' The project has been produced by Chalkboard Entertainment. The project was commissioned by RBI to visually document its 90-year history, with the objective of creating awareness about its various functions and roles. This documentary portrays the essence of RBIs functions in an intelligible manner to a wider demographic of people.
The Documentary Covers
Monetary Policy: How interest rates and inflation are managed.
Currency Management: Design, production, and security features of Indian currency.
Bank Supervision: Regulation of commercial banks and NBFCs.
Digital Payments and Fintech: UPI, RTGS, and innovations.
Financial Inclusion: RBI's role in improving access to finance for underserved communities.

Jun 06, 2025

Flipkart Secures NBFC Licence from RBI, Enters Direct Lending Space

In a groundbreaking development for India's digital economy, Walmart-owned Flipkart received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this licence, Flipkart can now offer loans directly to its customers and sellers, moving beyond partnerships with traditional lenders. This move marks the first time an Indian e-commerce giant has been granted such a licence, paving the way for deeper fintech integration in online retail.

Central Bank Acquires 25.18% Stake in Future Generali India Life Insurance

State-owned Central Bank of India acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs. 57 crore as part of the insolvency process.
With this acquisition the bank has ventured into the insurance sector.

India and Kyrgyzstan's BIT Comes Into Force

The new Bilateral Investment Treaty (BIT) between India and the Kyrgyz Republic comes into force, marking a significant milestone in their bilateral economic relations.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Zheenbek Kulubaev Moldokanovich signed the Protocol and exchanged Instrument of Ratification of the Bilateral Investment Treaty (BIT) in New Delhi.
The aim of this BIT is to promote and protect the interests of investors from both countries within each other's territories. The treaty incorporates several key features designed to create a balanced framework for investment. It highlights that the importance of sustainable development.

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