General Awareness

BUSINESS AND ECONOMY - October 2017

Oct 2017

Jun 16, 2025

Sun Pharma Appoints Kirti Ganorkar as MD

Sun Pharmaceutical Industries Ltd, India's largest pharmaceutical company, appointed Kirti Ganorkar as its Managing Director, effective September 1, 2025. The move marks the culmination of a carefully planned succession process, with founder Dilip Shanghvi transitioning to the role of Executive Chairman. While Ganorkar will oversee day-to-day business operations, Shanghvi will continue guiding the company's long-term strategy and its specialty portfolio.

Maruti Suzuki Collaborates with Equitas Small Finance Bank to Expand Retail Car Financing Network

Maruti Suzuki India signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers.
This collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers.

Adani Green Energy Ranks Highest in NSE's ESG Power Sector Benchmark

Adani Green Energy Ltd (AGEL) was ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange (NSE).
Additionally, AGEL is among the top 5 entities in ESG ratings assessed from the top 100 listed companies by revenue across the National Stock Exchange (NSE).

Jun 15, 2025

Ujjivan Small Finance Bank Limited Launches 'Ujjivan Rewardz' for Its Resident Savings Account Ho...

Ujjivan Small Finance Bank Limited (Ujjivan SFB) announced the launch of 'Ujjivan Rewardz,' a multi-tier system designed to reward the customers on their various digital transactions. With this program, Ujjivan SFB aims to further deepen customer engagement and experience by offering attractive and personalised benefits. Ujjivan SFB partnered with AdvantageClub.ai, an entity known for their innovative approach to delivering the loyalty solutions to Ujjivan SFB customers.

Jun 14, 2025

Volvo Cars Partners with HCLTech to Drive Engineering Transformation

HCLTech announced that Volvo Cars chose the technology company as one of its strategic suppliers for engineering services.
According to HCLTech, this agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale.
The strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centres.

Scapia & Federal Bank Launch Dual-Network RuPay-Visa Credit Card

Scapia, a travel-first fintech platform, in partnership with Federal Bank, launched the Scapia Federal RuPay Credit Card—a dual-network card that combines the convenience of UPI, credit access, and travel rewards in a single offering.
This new credit card enables users to carry out both RuPay and Visa transactions across online, offline, UPI, and international channels, while managing all spends under one credit limit and consolidated monthly statement.
This is one of the first credit cards in India to integrate UPI functionality directly via the RuPay network while retaining the global reach of Visa.

Jun 13, 2025

Yes Bank MD & CEO Prashant Kumar Gets 6-month Extension

Yes Bank said that Prashant Kumar, the lender's Managing Director (MD) and Chief Executive Officer (CEO), got a six-month extension from the Reserve Bank of India effective October 6, 2025.
Kumar was first appointed the administrator when Yes Bank was reconstructed by the RBI and the government with the help of a consortium of banks, including State Bank of India. He was later appointed MD & CEO. Kumar has worked as deputy MD and chief financial officer of SBI.

Polygon Appoints Sandeep Nailwal as CEO

Polygon, an L2 blockchain platform, announced the appointment of Sandeep Nailwal as Chief Executive Officer of the Polygon Foundation.
In this role, Nailwal will focus on long-term strategy, oversee key ecosystem initiatives, and ensure that the Polygon Foundation, which supervises Polygon Labs and other entities, decisively steers the project towards exponential growth, sharper focus, and greater value delivery to the Polygon ecosystem, including users, applications, and POL stakers.

Jana Small Finance Bank Applies to RBI for Universal Banking Licence

Jana Small Finance Bank (Jana SFB), one of India's leading small finance banks, submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank.
This strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking.
According to Ajay Kanwal, Managing Director & CEO, Jana Small Finance Bank, Applying for a Universal Banking license is a natural progression for Jana Bank.

Jun 12, 2025

SBI General Insurance Appoints Mohd. Arif Khan as Deputy CEO

SBI General Insurance, one of India's leading general insurance companies, appointed Mohd. Arif Khan as its Deputy Chief Executive Officer. A seasoned professional with over 25 years of service in the State Bank of India (SBI), Khan brings deep banking and leadership experience that is expected to strengthen the company's strategic and operational capabilities in a rapidly evolving insurance landscape.

PayG Appoints Harmeet Sethi as Chief Executive Officer

PayG, a leading home-grown Indian payment gateway innovating financial infrastructure for MSMEs, SMEs, and retailers, announced the appointment of Harmeet Singh Sethi as its new Chief Executive Officer.
Harmeet brings more than 25 years of leadership experience spanning technology, financial services, and global markets. His career includes high-impact roles across India, North America, the Middle East, and Southeast Asia, where he has led digital transformation, fintech expansion, and enterprise sales initiatives. Over his career, he has helmed transformative initiatives across fintech, digital payments, cross borders payment and financial infrastructure, cultivating strong regulatory-compliant operations and delivering scalable solutions.

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