General Awareness

BUSINESS AND ECONOMY - December 2017

Dec 2017

Mar 02, 2024

American Beverage Giant PepsiCo Launches New Globe Logo Worldwide

American beverage giant Pepsi rolled out its new globe logo worldwide, as part of its first major global redesign in 14 years.
In India, the company unveiled the new globe logo at the Gateway of India, Mumbai, with a digital artwork that introduced the updated colour palette for the brand – electric blue and black.
The new logo thoughtfully borrows equity from Pepsi's past, whilst incorporating modern elements to create a look that is unapologetically current and undeniably Pepsi.
The fresh design language reflects the invigorating spirit of Indian youth and their boundless pursuit of possibilities.

Future Generali India Life Insurance Appoints Alok Rungta as MD & CEO

Future Generali India Life Insurance appointed Alok Rungta as its Managing Director and Chief Executive Officer (MD & CEO) from April 1, 2024 subject to regulatory approvals.
Rungta has more than 25 years of experience and has held executive positions at insurance companies in the Philippines, Hong Kong and India.

RBI Revamps BBPS Norms for Enhanced Efficiency

The Reserve Bank of India (RBI) introduced a revised regulatory framework for the Bharat Bill Payment Systems (BBPS), effective April 1, 2024. This overhaul aims to streamline bill payments, foster wider participation, and bolster consumer protection measures in light of evolving payment landscape dynamics.
NPCI Bharat Bill Pay Ltd (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), serves as the designated Payment System Provider for BBPS. NBBL operates as the Central Unit (BBPCU), managing the connection between customers and billers, along with overseeing clearing and settlement activities for BBPS transactions.

Mar 01, 2024

Maruti Suzuki Partners with Union Bank of India for Dealer Financing Solutions

Maruti Suzuki India inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country.
The company's partnership with Union Bank of India since 2008, has steadily evolved and reached a significant milestone of facilitating over 3,00,000 car finance cases till date.

RIL Signs Deal with Disney to Merge Viacom18 and Star India

Reliance Industries (RIL) unveiled a significant merger deal with Viacom18 Media and The Walt Disney Company, aimed at forming a joint venture (JV) that will integrate the operations of Viacom18 and Star India. This strategic move is poised to reshape the landscape of the Indian entertainment and sports industry.
Transaction values the JV at Rs. 70,352 crore (approximately US$ 8.5 billion) on a post-money basis, excluding synergies.
Nita M. Ambani was appointed as Chairperson of the JV, bringing her visionary leadership to the forefront.
Uday Shankar was named Vice Chairperson, providing strategic guidance to the JV based on his extensive industry experience.

Jana Small Finance Bank, Dvara Money Partner for Digital Banking

Jana Small Finance Bank Limited and Dvara Money tied up for digital banking services, combining DM's Spark Money platform with Jana SFB's technological capabilities.
The integration of third-party application provider (TPAP) capabilities will enable the Spark Money platform to incorporate a full-stack UPI solution. This will allow customers to connect their savings accounts for digital payments and enable UPI functionalities such as Aadhaar OTP-based onboarding and credit on UPI.

Government Clears 3 Semiconductor Plants

In a major initiative to set up an entire framework for semiconductor manufacturing in the country, the government approved three proposals for semiconductor plants, two of them are to be set up in Gujarat and one in Assam, at an estimated cost of Rs. 1.26 lakh crore.
The proposals include India's first semiconductor fab by Tata Group and Taiwan's PSMC in Gujarat's Dholera at a projected cost of Rs. 91,000 crore.

Feb 29, 2024

SpiceJet Settles Rs. 250 crore Dispute with Aircraft Lessor Celestial Aviation

SpiceJet settled a Rs. 250 crore dispute with Celestial Aviation, a subsidiary of one of the largest aircraft lessor groups, through negotiations and avoided the litigation route.
In October 2023, SpiceJet had informed the National Company Law Tribunal that it was looking for a possible settlement with Celestial Aviation. In December 2023, SpiceJet told the tribunal that they had made some payments to the aircraft lessor. Celestial's counsel, Nitin Sarin, admitted to receiving the payment, though the airline missed some deadlines.

Amazon Pay Gets Final Approval from RBI to Operate as Payment Aggregator

Amazon Pay, the fintech arm of e-commerce major Amazon India, received a payment aggregator licence from the Reserve Bank of India (RBI).
The fintech firm joined a list of companies that the central bank has granted authorisation to operate as payment aggregators (PA).
This month (February 2024,two fintech start-ups, Decentro and Juspay, and enterprise software-as-a-service (SaaS) firm Zoho received final authorisation from the RBI for payment aggregator (PA) licences.

Feb 28, 2024

Jana Small Finance Bank Gets RBI Nod to Re-appoint Ajay Kanwal as MD & CEO

Jana Small Finance Bank got approval from the Reserve Bank of India to re-appoint Ajay Kanwal as its Managing Director and Chief Executive Officer for three years from March 21, 2024. His tenure will be till March 20, 2027.
Janalakshmi Financial Services became Jana Small Finance Bank in March 2018. Kanwal has more than 33 years of experience in financial services and has held various leadership positions in his banking career. He has launched several strategic growth initiatives while building and managing diverse teams across geographies.
He was a senior adviser to private equity firm TPG Capital and global payments company Mastercard.

PayU Payments Appoints former HDFC Chief Renu Sud Karnad as New Chairperson

Prosus-owned PayU Payments appointed five members to its board of directors. These include former Managing Director (MD) of Housing Development Finance Corporation Ltd (HDFC) Renu Sud Karnad and former global Chief Executive Officer of PayU Group Laurent Le Moal.
Karnad, who was appointed as chairperson of the board, was joined by two independent directors - Gopika Pant, managing partner at Indian Law Partners, and Jairaj Purandare, founder and chairman of JMP Advisors Pvt Ltd.
Former global CEO of PayU Group, Laurent Le Moal, and Jan Bune, former partner at Deloitte Netherlands were appointed as the non-executive directors.

Sunil Chemmankotil Quits as Teamlease Digital CEO; Neeti Sharma Appointed New Chief

Staffing firm Teamlease Digital's Chief Executive Officer (CEO) Sunil Chemmankotil resigned from his post. The staffing firm appointed Neeti Sharma as the new CEO of the company, with effect from March 26.
TeamLease Digital is a subsidiary of TeamLease Services Limited, which offers technology staffing services in information technology, telecom, engineering, ed-tech, health-tech and gaming industries.

Feb 27, 2024

Bharat Tex: 'Five F' Roadmap, Centre's Plan to Boost Textile Sector

The Centre is working towards linking the elements involved in the value chain of the textile sector to optimise the industry's capabilities via a 'Five F' roadmap.
Modi was speaking at the inauguration of Bharat Tex 2024- a global textile event held at Delhi's Bharat Mandapam.
Ha said that we are connecting all the elements of the textile value chain with each other via a 'Five F' journey. This journey includes (beginning the process at) farms, (producing) fibre, (manufacturing in) factories, (executing the product in) fashion, and (taking it to) foreign markets.
He emphasised on the importance of events such as 'Bharat Tex' and noted that it holds key importance in India's journey to become a developed country in the next 25 years. In order to boost the contribution of the textile industry in India's development, the Five F plan is being executed.
Bharat Tex 2024 was organised by a consortium of 11 Textile Export Promotion Councils and powered by the Centre.

Paytm Payments Bank Chairman Vijay Shekhar Sharma Quits

Paytm founder Vijay Shekhar Sharma resigned as Paytm Payments Bank Chairman ahead of March 15 deadline set by the Reserve Bank of India (RBI) to accept further credits into its customer accounts. Additionally, One 97 Communications Ltd (OCL), the parent firm of Paytm, announced that Paytm Payments Bank Limited (PPBL) reconstituted its board.
Meanwhile, former Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and retired IAS Rajni Sekhri Sibal joined the Paytm Payments Bank board as independent Directors.

Food Delivery Company Swiggy Changes Registered Name

Swiggy, which operated as Bundl Technologies Private Limited, passed a special resolution to change its name to Swiggy Private Limited, as the food delivery giant gears up for a public market debut.
The change in the name of the company will help the firm establish greater proximity and identification of the company's corporate name with the company's core brand, 'Swiggy', as per regulatory filings made with the Registrar of Companies (RoC).

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