General Awareness

BUSINESS AND ECONOMY - July 2018

Jul 2018

May 31, 2025

BoB Signs MoU with T.N. Govt. for Salary Accounts

Bank of Baroda (BoB) said it has entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to offer a customised salary account package for employees of the State Government, including employees of the Police, Forest, Fire & Rescue Departments.
The newly-introduced salary-account package comes with comprehensive insurance coverage at zero cost to the employees, making it one of the 'most attractive offerings in the banking sector.'

Neeraj Chopra Becomes Brand Ambassador for Audi India

Olympic champion Neeraj Chopra has partnered with Audi India. The announcement was made by JSW Sports, underscoring the javelin star's rising stature both on and off the field.
Chopra, who became a national hero with his historic javelin throw at the Tokyo Olympics, followed by a Silver medal at the 2024 Paris Games, has now inked a pact to become the face of Audi in India.

Shubman Gill, an Indian Cricketer, Appointed as Brand Ambassador for Oakley

Shubman Gill, the new Test series captain of India, has added a stylish touch to his cricket gear. He is now the brand ambassador for Oakley, a famous sunglasses company.
This partnership comes with Oakley's latest campaign called ''Artifacts from the Future."
At just 25, Gill is already known for his cool and calm batting. Now, he is getting attention for his stylish eyewear too.
He is seen as a role model for many young Indians because of his hard work and dedication. Oakley chose him because he represents passion, progress and top performance, which are the same values that Oakley believes in.

May 30, 2025

Vogue Eyewear Welcomes Shahid Kapoor as a New Brand Ambassador in India

Vogue Eyewear has proudly chosen Bollywood star Shahid Kapoor as its brand ambassador.
This is a special moment for the brand as Shahid joins Taapsee Pannu, who has been with Vogue Eyewear for a long time.
Together, they are part of a brand-new campaign that focuses on individually, freedom and personal style.

Hitachi India Appoints N Venu as Its Managing Director

Hitachi India has announced that N Venu will become the new Managing Director (MD) of the company starting from June 2, 2025.
This major leadership change follows the promotion of Bharat Kaushal, who will become the Executive Chairman of Hitachi India from April 1, 2025.
Bharat Kaushal was the first Indian MD of Hitachi India.
He has now been promoted to the role of Executive Chairman of Hitachi India.
N Venu already holds important roles in the company.
He is the Managing Director & CEO of Hitachi Energy India and also the Region Head of South Asia for Hitachi Energy.
From June 2025, he will take on the additional responsibility of being the MD of Hitachi India.

May 29, 2025

Bollywood Actress, Shraddha Kapoor Appointed as Brand Ambassador for Eureka Forbes

Eureka Forbes Ltd, a well-known name in India's health and hygiene sector, has chosen popular actress Shraddha Kapoor as the brand ambassador for its vacuum cleaner range.
With over 40 years of experience, Eureka Forbes continues to provide trusted hygiene solutions for Indian homes. This partnership aims to promote cleaner and healthier living across the country.

Drools Turns Unicorn After Nestle Investment

Bengaluru-based pet food food company Drools has officially become a unicorn (a startup valued at $1 billion or more). This happened after Nestle, a famous Swiss company, bought a small part of Drools. With this deal, Drools becomes the fourth Indian startup in 2025 to reach unicorn status, after Netradyne, Porter and JSW One Platforms.

India's Coal Imports Decline by 7.9% in FY 2024-25

In a significant stride towards energy self-reliance, India witnessed a 7.9% reduction in coal imports during FY 2024-25, bringing the total down to 243.62 million tonnes (MT) from 264.53 MT in the previous fiscal year. This decrease resulted in substantial foreign exchange savings of nearly $7.93 billion (Rs. 60681.67 crore), indicating progress in the government's push for domestic coal production.

India Records $81.04 Billion FDI Inflow in FY 2024-25, Services Sector Leads With 40% Growth

India attracted a record USD 81.04 billion in foreign direct investment (FDI) in the fiscal year 2024–25, up 14% from the previous year, driven by a liberalized policy regime and strong inflows into the services and manufacturing sectors, the Ministry of Commerce & Industry said on Tuesday.
The services sector emerged as the top recipient of FDI equity in FY 2024–25, attracting 19% of total inflows, followed by computer software and hardware (16%) and trading (8%). FDI into the services sector rose by 40.77%, reaching USD 9.35 billion, up from USD 6.64 billion in the previous year.
India is also becoming a hub for manufacturing FDI, which grew by 18% in FY 2024–25, reaching USD 19.04 billion compared to USD 16.12 billion in FY 2023–24.
Maharashtra accounted for the highest share (39%) of total FDI equity inflows in FY 2024–25, followed by Karnataka (13%) and Delhi (12%). Among source countries, Singapore led with a 30% share, followed by Mauritius (17%) and the United States (11%).

May 28, 2025

India's Pumped Storage Revolution: Greenko, Adani, JSW to Lead 51 GW Push by 2032

India is undertaking a massive transformation in its energy storage landscape with a planned expansion of pumped storage hydropower capacity from less than 5 GW to 51.24 GW by 2032. Key players such as Greenko, Adani Green Energy, and JSW Energy will spearhead nearly two-thirds of these projects, marking a strategic shift to stabilise the power grid amidst rising renewable energy adoption.

JioBlackRock Asset Management gets SEBI approval for mutual funds business

Jio BlackRock Asset Management Private Ltd (JioBlackRock Asset Management), a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and BlackRock, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for their mutual fund business in India
JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institutional investors in India.

May 27, 2025

LIC Creates History with Guinness World Record in Insurance Sales

In a historic achievement, the Life Insurance Corporation of India (LIC), India's largest public sector life insurer, has been awarded a Guinness World Record for selling the highest number of life insurance policies in a single day.
On January 20, 2025, LIC sold a staggering 588,107 life insurance policies across the country through its massive agent network, setting a global benchmark in life insurance sales within a 24-hour period.
The LIC's record-setting sales feat was recently acknowledged by the Guinness World Records on May 25, 2025.
This recognition marks a milestone moment for India's insurance sector and reaffirms LIC's dominant presence and deep penetration in the Indian financial landscape.

Saudi Arabia and Kuwait Discover Oil in Neutral Zone After 5 Years

In a major development that could bolster global energy supply and Gulf cooperation, Saudi Arabia and Kuwait have announced a significant oil discovery in the neutral zone, specifically in the North Wafra Wara-Burgan field.
This marks the first such discovery since the resumption of production in 2020, with the new well yielding over 500 barrels of crude oil per day.
The find is expected to enhance both countries' status as reliable energy exporters and showcase their continued leadership in exploration and production efforts.

RBI Transfers Record Rs. 2.69 Lakh Crore Surplus to Centre for FY25

In a landmark fiscal development, the Reserve Bank of India (RBI) has approved a record surplus transfer of Rs. 2.69 lakh crore to the Central Government for the financial year 2024-25. The decision, taken during the 616th meeting of the Central Board of Directors chaired by RBI Governor Sanjay Malhotra, reflects strong financial performance and macroeconomic stability.
The transfer follows a hike in the Contingent Risk Buffer (CRB) to 7.5%, under the revised Economic Capital Framework (ECF).

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