Nirmal Minda Becomes ASSOCHAM President, Chaudhry as Sr. VP
Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, assumed the role of President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Alongside him, Amitabh Chaudhry, Managing Director & CEO of Axis Bank, was named as the Senior Vice�'President of ASSOCHAM, though his appointment is subject to RBI approval.
Minda has been a prominent figure in the auto component industry for over five decades.
He has been credited with shaping supply chains in the sector and placing innovation at the core of his group's strategies.
His leadership style is noted for being customer�'centric and people�'oriented.
Under his guidance, Uno Minda has grown into a global operation with a wide product portfolio.
He has also held leadership positions in industry bodies such as ACMA (Automotive Component Manufacturers Association of India).
Bajaj Finserv AMC Launches 'Pay with Mutual Fund' via UPI
Bajaj Finserv AMC launched a groundbreaking feature that bridges investing and daily payments—the 'Pay with Mutual Fund' facility. In collaboration with fintech firm Curie Money, this innovation allows investors to use their mutual fund units to make UPI transactions, seamlessly blending the world of asset growth with real-time spending needs.
The facility is based on the Insta Redemption mechanism, which allows investors to,
Redeem up to ₹50,000 or
90% of their investment, whichever is lower, instantly
Oct 19, 2025
GAIL Signs Concession Agreement to Set up CBG Plant in Bengaluru
GAIL (India) Limited signed a tripartite Concession Agreement with the Greater Bengaluru Authority (GBA) and Bengaluru Solid Waste Management Limited (BSWML) to develop a Compressed Bio Gas (CBG) plant at the KCDC area in Haralakunte Village, Bengaluru South Taluk.
The agreement was signed in the presence of Karnataka Deputy Chief Minister D.K. Shivakumar. Under the agreement, GBA will provide 18 acres of land on a permissive-use basis, while BSWML will supply 300 tonnes per day of segregated municipal solid waste (MSW) for processing.
The plant is expected to produce around 12.6 tonnes of Compressed Bio Gas and 22 tonnes of Fermented Organic Manure (FOM) daily. The project aims to promote sustainable agriculture and support the development of a circular economy in the region.
Oct 18, 2025
LIC Launches Jan Suraksha and Bima Lakshmi Insurance Plans
The Life Insurance Corporation of India (LIC) launched two new insurance plans—Jan Suraksha Plan (880) and Bima Lakshmi Plan (881). These are the first policies introduced by LIC under the new GST regime, reflecting its efforts to expand financial protection across diverse income and gender groups. While Jan Suraksha caters to the lower-income segment, Bima Lakshmi is an exclusive offering for women, providing a blend of protection, savings, and health benefits.
The LIC Jan Suraksha Plan (880) is a life micro-insurance endowment plan. It offers a lump sum at maturity and life cover during the policy term.
The plan includes guaranteed additions at the rate of 4% of the annualised premium each year, helping build savings over time.
The LIC Bima Lakshmi Plan is a non-linked life insurance policy with guaranteed benefits and money-back options.
It also includes critical illness coverage, making it a holistic plan for women.
Oct 17, 2025
India must 'Fire on all Cylinders' to Sustain Growth and Boost Trade, Says IMF
India must fire on all cylinders with focus on domestic demand, reforms, investment, innovation, and trade integration, to sustain high growth and meet its long-term development goals, Krishna Srinivasan, IMF Director of the Asia and Pacific Department (APD), said.
On India's current economic performance, Srinivasan said growth remains strong despite global shocks. "India continues to be the fastest growing major economy.
India, Brazil Agree to Deepen trade Agreement with MERCOSUR Countries
India and Brazil reaffirmed their commitment to strengthening trade ties through a deeper MERCOSUR-India Preferential Trade Agreement (PTA), according to a release by the Ministry of Commerce & Industry.
The announcement came after a meeting between Brazil's Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, and Union Minister of Commerce and Industry, Piyush Goyal.
The two leaders welcomed the mutual interest of India and MERCOSUR Member States in expanding the existing PTA to promote trade and investment. Recalling the Framework Agreement signed in 2003, they agreed that the expansion should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences.
The full member countries of MERCOSUR are Argentina, Brazil, Paraguay, and Uruguay, while Bolivia became a full member in July 2015. Venezuela was a member but was suspended in 2016.
Oct 16, 2025
India Resume International Postal Services to the United States of America
The Department of Posts, Ministry of Communications, Government of India, announced the resumption of all categories of international postal services to the United States of America (USA) with effect from October 15, 2025.
Postal services to the USA were earlier suspended through Office Memorandum dated 22 August 2025, following Executive Order 14324 issued by the U.S. Administration, which suspended the de minimis treatment for all postal shipments. The suspension was necessitated by new regulatory requirements introduced by the U.S. Customs and Border Protection (CBP) for the collection and remittance of import duties.
Hyundai Motor India Limited (HMIL) Appoints Tarun Garg as its Next Managing Director and Chief Ex...
Hyundai Motor India Limited (HMIL) announced the appointment of Tarun Garg as its next Managing Director and Chief Executive Officer, effective January 1, 2026, pending shareholder approval. This move makes Garg the first Indian national to lead the company since its inception in 1996, underscoring Hyundai's growing confidence in Indian leadership and the market's global significance.
Currently serving as Whole-time Director and Chief Operating Officer (COO), Garg succeeds Unsoo Kim, who will transition to a strategic role at Hyundai Motor Company (HMC), South Korea, following a seamless handover.
Hindustan Shipyard Granted Mini Ratna Status
Hindustan Shipyard Limited (HSL), one of India's oldest shipbuilding entities, was conferred Mini Ratna status by the Government of India. This recognition marks a significant turnaround for the shipyard and strengthens its role in India's maritime and defence manufacturing ecosystem.
Founded in 1941, HSL was once a cornerstone of India's shipbuilding capability, producing vessels for both commercial and naval use.
However, from the 1980s onward, it faced severe operational and financial setbacks due to outdated technology, project delays, and poor competitiveness.
Despite being transferred to the Ministry of Defence in 2010, its revival took shape only after 2015.
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