General Awareness

BUSINESS AND ECONOMY - July 2018

Jul 2018

May 21, 2025

Emirates NBD Gets RBI In-Principle Nod to Set up Wholly Owned Subsidiary

The Reserve Bank of India (RBI) granted in-principle approval to Emirates NBD Bank PJSC to establish a wholly owned subsidiary (WoS) in India.
The Dubai-headquartered lender currently operates through three branches in India—located in Chennai, Gurugram, and Mumbai.
The in-principle approval has been granted for setting up the WoS by converting its existing branches into a single subsidiary structure.
Emirates NBD is one of the few foreign banks to receive regulatory clearance via the wholly owned subsidiary route. Other lenders operating in India through this model include DBS Bank India and SBM India.

SBM Bank India, ICICI Prudential Life forge Bancassurance Partnership

SBM Bank India and ICICI Prudential Life Insurance Company entered into a bancassurance partnership to offer an array of life insurance products to the bank's customers.
This tie-up will enable the bank to cater to its customers a diverse set of solutions ranging from term insurance, long-term savings and wealth creation products to effectively planning for income on retirement.

May 20, 2025

Myntra Launches Myntra Global in Singapore

Online fashion retailer Myntra forayed into the international market with the launch of Myntra Global, marking its first direct-to-consumer expansion outside India. The Walmart-owned company entered Singapore in a move targeted at the 650,000-strong Indian diaspora. It offers handpicked, trendy Indian fashion styles, while also providing a seamless and hassle-free shopping experience to its customers in the country.

Zee Media Embraces New Brand Identity with Purpose-Driven 'Z' Transformation

India's most diverse and far-reaching news network, Zee Media Corporation Limited (ZMCL) announced the rollout of a unified brand identity across all its national and regional news channels. This move marks a consolidated effort by the network to align its visual and editorial identity, reinforcing its commitment to credible, impactful, and citizen-centric news reporting. The new 'Z' is designed to symbolise clarity, consistency, and trust, reflecting the network's renewed focus on innovation, technological advancement, and purposeful journalism.

May 19, 2025

RBI to Issue New Rs 20 Banknotes with Governor Sanjay Malhotra's Signature

The Reserve Bank of India (RBI) announced that it will soon release new Rs 20 denomination banknotes bearing the signature of the newly appointed RBI Governor, Sanjay Malhotra. These banknotes will be part of the Mahatma Gandhi (New) Series and will retain the same design, features, and motifs as the notes currently in circulation.

Global Economic Forum Successfully Organised India Russia Economic Summit at Moscow & Saint Peter...

Hari Krishna Maram, Founder and Chairman of the Global Economic Forum, delivered the inaugural address. The event was supported by several distinguished leaders, including Chief Adviser to the Russian President and Executive Secretary of the Eastern Economic Forum (EEF) Organising Committee, Mr. Anton Kobyakov; Russia's First Deputy Prime Minister, Denis Manturov; H.E., Valeri Khodzhaev, Consul General of the Russian Federation in India; and other eminent leaders.
The highly anticipated India-Russia Economic Summit 2025, organised by the Global Economic Forum, has successfully concluded in Moscow and St. Petersburg. This landmark event, held from May 8th to 13th, brought together key leaders, business delegates, and policymakers from both nations to strengthen bilateral economic ties and explore new avenues for cooperation. The summit also coincided with the grand celebration of the 80th Victory Day, a historic occasion witnessed by Indian delegates amidst the vibrant festivities in Moscow.

ICRA Revises Outlook for Indian Telecom Tower Industry to 'Stable'

Credit rating agency ICRA revised the outlook for the Indian telecom tower industry to 'Stable' from 'Negative', following consistent, timely payments from telecom service providers and the clearance' of past dues.
The industry had previously been under pressure due to delayed payments, which resulted in elongated receivable cycles and liquidity challenges for tower companies. However, ICRA noted a significant improvement in the payment cycle, with receivable days now reduced to around 45–60 days—well below its threshold of 80 days for a negative outlook.

May 18, 2025

HDFC Bank Launches 'Biz+ Current Accounts' to Empower India's Growing MSME Enterprises

HDFC Bank, India's leading private sector bank in Current Account deposits announced the launch of its new Biz+ Current Accounts, a reimagined suite of Current Account offerings designed to meet the evolving needs of Indian businesses. The range of accounts aims to empower businesses by bringing the entire Bank to the customer from day one.
Each Biz+ Current Account comes equipped with core benefits including cash handling services, seamless digital banking platforms and dedicated Bank/Relationship Manager support along with bundled solutions that address the full spectrum of banking needs for businesses.

May 17, 2025

Nishant Kanodia, Appointed to the Board of Directors of the International Fertilizer Association

Nishant Kanodia, Promoter and Chairman of Matix Fertilisers and Chemicals Limited, was appointed to the Board of Directors of the International Fertilizer Association (IFA), the leading global organisation representing the entire fertilizer value chain. The appointment was formalised at the IFA Annual Conference 2025 in Monaco, themed "Investing in the Future of Food." With approximately 500 members across more than 80 countries, IFA champions policy, innovation, and sustainable fertilizer practices that contribute to global food security.

Lodha Ventures Rebrands as Abhinandan Ventures

Lodha Ventures rebranded itself as Abhinandan Ventures. The company, led by Abhinandan Lodha, has applied for the cancellation of its registered trademark "Lodha Ventures," and therefore no longer owns the trademark.
This (rebranding) resonates with the future-focused, new-age group built on technology, transparency, agility and customer-centricity.

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