General Awareness

BUSINESS AND ECONOMY - September 2017

Sep 2017

May 06, 2025

India's First Mortgage Backed Pass through Certificates Listed on the National Stock Exchange

M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance listed India's first Mortgage backed Pass Through Certificates (PTC) structured by RMBS Development Company Limited on the National stock Exchange. The listing ceremony was attended by several Heads of Banks, Housing Finance Companies and other financial institutions.
These PTCs are backed by pool of housing loans originated by LIC Housing Finance Limited.
The final maturity of the PTC issued will be nearly twenty years and the coupon is 7.26% per annum. The rating of the Instrument is AAA(SO) by CRISIL and CARE Ratings. These PTCs are issued in demat form and are transferable. As the PTC is listed on a stock exchange, they can be traded in the secondary market.

Amplus Solar Rebrands to Gentari

Clean energy solutions company Gentari announced the integration of its Commercial & Industrial (C&I)-focused platform, Amplus Solar, into the Gentari brand, marking a significant milestone in its journey in India. This strategic move not only reflects a unified brand identity but also signals the consolidation of Gentari's renewable energy (RE) business in the country.
Amplus Solar has been part of the Gentari Group since 2023, contributing significantly to Gentari's renewables portfolio.

Shell-Reliance-ONGC JV Completes India's 1st Offshore Decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea.
The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture.

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.

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