General Awareness

BUSINESS AND ECONOMY - January 2017

Jan 2017

Sep 23, 2025

Oracle Appoints Insiders Clay Magouyrk, Mike Sicilia as Co-CEOs in Surprise Move

Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was instrumental in shaping the company's cloud strategy and thrusting it to the forefront of the ongoing AI boom with big contract wins.

Government of India, ADB Signs $125 Million Loan to Boost Urban Livability and Climate Resilience...

The Government of India and the Asian Development Bank (ADB) signed a 125 million dollar loan agreement in September 2025, to enhance urban livability and bolster climate resilience in six district headquarters and Guwahati, in the State of Assam.
The project will benefit 3 Lakh 60 thousand residents of Assam by delivering a continuous metered water supply and upgrading storm water management systems.
It also seeks to strengthen urban governance through institutional reforms and capacity building.
The Finance Ministry said that key infrastructure investments include the construction of six water treatment plants with a combined capacity of 72 million litres per day and 800 kilometres of distribution pipelines in the district headquarters of Barpeta, Bongaigaon, Dhubri, Goalpara, Golaghat, and Nalbari. The project will also deploy a real-time monitoring system, aiming to maintain non-revenue water below 20 per cent.
In Guwahati, the project will enhance stormwater management in the Bahini Basin with flood diversion channels, upgraded drainage systems, and a nature-based retention pond to reduce flood discharge and improve groundwater recharge. The project also includes the establishment of the Assam State Institute for Urban Development in collaboration with the Indian Institute of Technology Guwahati.

Sep 22, 2025

India Ranks 4th in Apac for Real Estate Capital Inflows in H1 2025

India emerged as the fourth-largest global destination for land and development capital in the first half of 2025, underscoring its growing prominence in Asia-Pacific's (Apac) real estate landscape.
According to Colliers' latest "Investment Insights H1 2025" report, released in September 2025.
Global real estate investment stayed strong in the first half of 2025 despite slower economic growth.
Colliers' "Global Capital Flows" report shows the United States remained the top destination for cross-border capital into standing assets, attracting $24.3 billion over 12 months.
The UK followed with $22.1 billion, while Australia ($13.8 billion) and Poland ($10.9 billion) performed strongly, with Poland beating its five-year average.

Sep 21, 2025

Oil India Inks JV Pact with RVUNL to Construct RE Projects

Oil India signed a joint venture (JV) agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to establish a joint venture company (JVC) for developing renewable energy (RE) projects in Rajasthan.
The JVC will develop 1.2 GW of renewable energy projects, comprising 1,000 MW of solar and 200 MW of wind, within RVUNLs Renewable Energy Park in Rajasthan.
The JVC will harness OILs energy sector expertise and RVUNLs extensive experience in power project development to deliver sustainable energy solutions.
The partnership will focus on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers.

Sep 20, 2025

India's Sovereign Credit Rating Upgraded to BBB+ by Japan's R&I

In a major boost to India's economic standing, Japan's Rating and Investment Information, Inc. (R&I) upgraded the country's Foreign Currency Issuer Rating from BBB to BBB+ with a stable outlook.
The move highlights confidence in India's strong domestic demand, prudent fiscal management, and enhanced external stability.

Oil India & Hindustan Copper Signs Critical Minerals MoU

In a strategic move to bolster India's mineral security, Oil India Limited (OIL) and Hindustan Copper Limited (HCL) signed a Memorandum of Understanding (MoU) in September 2025.
The agreement aims to jointly explore and develop critical and strategic minerals, particularly copper and associated resources.
This partnership is a key part of India's broader efforts under the National Critical Mineral Mission, which focuses on securing essential raw materials for energy, industry, and technology.

US to Revoke Sanctions Waiver for Iran's Chabahar Port

In yet another tough move against India, the Donald Trump administration in the United States announced the revocation of its waiver of sanctions over the strategic Iranian port of Chabahar, granted in 2018.
The move, which threatens India's key strategic connectivity project to Afghanistan and Central Asia, is set to be implemented from September 29, according to the US Department of State.
Team Trump claimed that the move is part of Washington's "maximum pressure" campaign against Tehran over its suspected nuclear programme.
Once the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA (Iran Freedom and Counter-Proliferation Act) may expose themselves to sanctions under IFCA.

Sep 19, 2025

EPFO Launches 'Passbook Lite' for Easier Access to PF Balance

The Employees' Provident Fund Organisation (EPFO) in September 2025 launched a new facility called the 'Passbook Lite' within its members' portal, which will provide a summarised view of the passbook with contributions, withdrawals, and current balance.
Currently, members need to log in separately to the 'Passbook Portal' to check their Provident Fund details.

Irdai Chairman Ajay Seth Launches Bima Sugam India Federation Website

Insurance Regulatory Development Authority of India (Irdai) chairman Ajay Seth in September 2025, launched the official website of Bima Sugam India Federation (BSIF).
The launch marks the first visible step in building India's pioneering Digital Public Infrastructure (DPI) for insurance, aligned with the national vision of 'Insurance for All by 2047' and the Prime Minister's mission of Viksit Bharat 2047.

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