General Awareness

BUSINESS AND ECONOMY - May 2018

May 2018

Dec 26, 2024

Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC

Aditya Birla Capital become the first BFSI company to offer all three core financial services lending, insurance, and mutual fund investments on the Open Network for Digital Commerce (ONDC) platform. This move aims to provide broader access to financial products, particularly in underserved markets, and support financial inclusion across the country.
Through the ONDC network, various live Buyer Apps will now be able to offer Aditya Birla Capital's personal loans, health insurance, and mutual funds to their users.

Amitava Chatterjee New MD & CEO of J&K Bank

The Reserve Bank of India (RBI) appointed Amitava Chatterjee as the Managing Director and Chief Executive Officer (MD & CEO) of the Jammu and Kashmir Bank for a period of three years.
This appointment marks a new chapter for J&K Bank with Chatterjee's leadership expected to bring strategic insights and innovation to the institution.

Dec 25, 2024

New Consumer Protection Apps Launches on National Consumer Day 2024

Union Minister of Consumer Affairs, Food and Public Distribution and Minister of New and Renewable Energy, Pralhad Joshi presided over the celebrations of National Consumer Day 2024, in Vigyan Bhawan in New Delhi with the launch of several pro-Consumer initiatives.
On this occasion, Pralhad Joshi launched the 'Jago Grahak Jago App,' 'Jagriti App,' and 'Jagriti Dashboard' to protect Consumers from Dark Patterns. The Apps would equip the Department of Consumer Affairs with means and resources to identify dark patterns on e-commerce platforms and is soon going to empower consumers with these tools. He also launched National Legal Metrology e-Mapp, which enhances transparency, efficiency, and accountability in governance and operations.
The Jago Grahak Jago App provides consumers with crucial information about e-commerce platforms, helping them identify potentially unsafe websites. The app alerts users to online shopping risks, aiming to raise awareness and empower consumers to make informed decisions when shopping online.
Designed to encourage proactive consumer engagement, the Jagriti App allows users to report websites suspected of using deceptive online practices, such as dark patterns. These reports are sent to the Central Consumer Protection Authority (CCPA) for further investigation, making it easier for consumers to voice their concerns and take action against unfair practices.
The Jagriti Dashboard aggregates data from the complaints submitted through the Jagriti App, offering a comprehensive view of consumer trends. It helps authorities track the prevalence of dark patterns across different platforms, enabling more effective regulation and intervention.

Dec 24, 2024

Indian Oil Board Approves Setting up of Yarn Project in Odisha

Indian Oil Corporation's board approved the investment for setting up a yarn project at Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd.
The project entails the construction of a 900 TPD continuous polymerisation (CP) unit, along with downstream facilities for draw textured yarn (DTY), fully drawn yarn (FDY), polyester chips, and supporting infrastructure. Indian Oil's equity contribution to the joint venture is pegged at Rs. 657.33 crore.

PVR INOX Appoints Chief Sales Officer Sabharwal as Head

Cinema exhibitor PVR INOX Ltd announced a restructuring of its Rs. 600 crore media business, naming Chief Sales Officer Shalu Sabharwal as the leader of initiatives to focus on deepening market connections and driving growth across the country.
Sabharwal will take the lead in making strategic changes to bolster media business by leveraging a team of industry experts who will take charge of business development across India.

Dec 23, 2024

ICICI Bank, Times Internet Launch Premium Metal Credit Card

ICICI Bank and Times Internet launched the 'Times Black ICICI Bank Credit Card,' a super-premium co-branded card aimed at high-net-worth individuals (HNIs) in India. The card combines exclusive benefits, luxury services, and a unique design, marking a step toward redefining luxury for India's affluent customer segment. Powered by Visa, the card provides a range of perks that cater to the sophisticated lifestyle of professionals and wealthy individuals.

Dec 22, 2024

Tata Power and Canara Bank Partner for Rooftop Solar Loans

Tata Power Renewable Energy, a unit of Tata Power, formed a partnership with the state-run Canara Bank to provide affordable financing options for rooftop solar installations. This collaboration is part of the government's PM Surya Ghar Scheme, which aims to accelerate the adoption of rooftop solar systems across India. The initiative will help residential customers access clean energy solutions at lower costs and contribute to India's renewable energy targets.

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