General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

Sep 11, 2025

Axis Max Life Insurance Partners with India Post Payments Bank to Drive Life Insurance Penetratio...

Axis Max Life Insurance Limited and India Post Payments Bank ("IPPB") announced a strategic partnership aimed at delivering affordable life insurance solutions beyond Tier 1 into emerging regional markets across rural India.
This partnership leverages IPPunjab's robust network of 650 banking outlets and over 1.64 lakh access points through Post Offices to deliver a comprehensive suite of need-based life insurance solutions to customers across Tier 3, Tier 4 and rural markets.
This also aligns with the government's financial inclusion objectives and supporting the IRDAI's vision of achieving 'Insurance for All by 2047'.
Making life insurance more accessible and convenient, Axis Max Life will offer a range of tailored products, including its flagship Smart Wealth Advantage Guarantee Plan (SWAG), Smart Vibe Plan, and various Term Insurance Plans.
These products are designed to meet diverse financial needs, from instant income and whole-life income options to essential protection and contemporary savings linked solutions for younger customers.

Vadilal Appoints Himanshu Kanwar as First Non-family CEO

Vadilal Industries appointed Himanshu Kanwar as its Chief Executive Officer. His five-year tenure marks a new chapter for the frozen dessert maker, which recently emerged from a long-standing family feud.
Kanwar became the first non-family CEO of Vadilal, underscoring the company's push towards professional leadership and market expansion.
A seasoned consumer business leader, Kanwar brings over two decades of FMCG experience with companies like Hindustan Unilever and growth-stage startups. At HUL, he drove innovations and acquisitions in the ice cream portfolio and later led the South Asia Haircare business as Global Brand Director.
Most recently, as General Manager at XTO10X, he mentored high-growth ventures across beauty, food, fintech, and OTT, helping founders scale digital-first strategies.
With his blend of traditional brand-building expertise and new-age digital fluency, Kanwar is expected to drive innovation and unlock sustainable value creation at Vadilal.

Sep 10, 2025

Harshavardhan Chitale Named Hero MotoCorp CEO from Jan 2026

Hero MotoCorp, India's top two-wheeler manufacturer, appointed Harshavardhan Chitale as its new Chief Executive Officer, effective from January 5, 2026. This key leadership move is expected to accelerate the company's journey into electric mobility, digital transformation, and premium product segments.
This announcement came after the resignation of Niranjan Gupta as CEO in April 2025. Since then, Vikram Kasbekar, also the company's Chief Technology Officer (CTO), has been serving as Acting CEO. Kasbekar will continue in his CTO role and assist with a smooth leadership transition until Chitale officially takes over.
Chitale is an IIT Delhi alumnus, honoured with the Director's Gold Medal, reflecting his academic excellence and leadership potential early on.

Enrich Money Becomes India's First Stock Broker to Launch Rs. 10 SIP's on ONDC - Enabled ORCA App

Bengaluru, September 2025, Enrich Money, a SEBI-registered online trading and wealth-tech platform, became the first distributor in India to launch mutual fund SIPs starting at just Rs. 10 on its ORCA App. Powered by the Open Network for Digital Commerce (ONDC), this pioneering initiative brings mutual fund investing within reach of millions, especially in Tier-2/Tier-3 cities and among first-time investors.
The ONDC Network aims to reshape mutual fund distribution by enabling seamless connectivity between Asset Management Companies (AMCs) and mutual fund distributors. ONDC Integration ensures seamless, secure, and cost-effective access to mutual funds across platforms, aligning with SEBI's standards for transparency, interoperability and investor convenience.

Sep 09, 2025

India and Israel Sign Bilateral Investment

India and Israel signed a landmark Bilateral Investment Agreement (BIA) that is expected to boost reciprocal investments and strengthen trade ties between the two countries. The agreement was inked by India's Finance Minister Nirmala Sitharaman and Israel's Finance Minister Bezalel Smotrich.
The treaty was signed during Smotrich's three-day visit to India.
A Bilateral Investment Treaty (BIT) is a reciprocal agreement between two nations aimed at promoting and protecting foreign investors of one country in the other. It guarantees protection under a legal framework and ensures fair and equitable treatment, protection from expropriation, and free transfer of funds.

HCLTech Names Ex-G20 Sherpa Amitabh Kant as Independent Director

HCL Technologies appointed former G20 Sherpa Amitabh Kant as an Independent Director for a term of five years.
Amitabh Kant's five-year term will expire on September 7, 2030. His appointment was recommended by the firm's Nomination & Remuneration Committee.
Kant, a former IAS officer of the 1980 Kerala cadre batch, is known for his role in several key national initiatives, including 'Make in India', 'Start-up India', and the 'Incredible India' tourism campaign. He most recently served as India's G20 Sherpa during the country's presidency of the grouping.

Sep 08, 2025

India Reaffirms Commitment to WTO - Centred, Fair Trade System at SCO Trade Ministers' Meeting

India reaffirmed its commitment to an open, fair, and inclusive multilateral trading system with the World Trade Organization (WTO).
At the Shanghai Cooperation Organisation (SCO) Trade Ministers' Meeting held in Vladivostok, India also stressed the scope to leverage the SCO's collective strengths for shared prosperity.
The Commerce and Industry Ministry said the country highlighted the need for export diversification, reducing dependency, and building resilient supply chains.

PNB Signs MoU with Rajasthan Govt. for Rs 21,000 crore Financial Assistance

Public sector bank Punjab National Bank signed a MoU with the government of Rajasthan. The objective of this understanding is to facilitate an investment of Rs. 21,000 crore under the state government's 'Rising Rajasthan' initiative.

Sep 07, 2025

Adani Power, Druk Green Power to set up a 570 MW hydro power project in Bhutan

Adani Power Ltd. and Druk Green Power Corp. Ltd. (DGPC), Bhutan's state-owned generation utility, have signed the Shareholders Agreement (SHA) for setting up a 570 MW Wangchhu hydroelectric project in Bhutan.
An in-principle understanding on the Power Purchase Agreement (PPA) has also been signed.
The developers have also signed the Concession Agreement (CA) for the project with the Royal Government of Bhutan.
These agreements will pave the way for Adani Power and DGPC to initiate the implementation of the peaking run-of-river Wangchhu hydroelectric project on a BOOT (Build, Own, Operate, Transfer) model.

Voluntary HUID-Based Silver Hallmarking Begins in India

India has introduced Hallmarking Unique Identification (HUID)-based hallmarking for silver jewellery and articles on a voluntary basis, marking a significant upgrade in how consumers verify the purity and authenticity of silver products.
The move by the Bureau of Indian Standards (BIS) aims to bring silver jewellery in line with the already established gold hallmarking system, using a digitally traceable format that empowers buyers and safeguards consumer interests.

Ashwini Vaishnaw inaugurates state-of-the-art advanced lithium-ion battery plant in Haryana

Union Minister of Electronics and Information Technology Ashwini Vaishnaw inaugurated TDK Corporation's Advanced Technologies Lithium-ion (Li-ion) Battery Manufacturing Plant at Sohna, Haryana.
The state-of-the-art plant will produce about 20 crore (200 million) battery packs every year, covering nearly 40% of India's annual requirement of 50 crore packs. With a huge scope for expansion, the facility is poised to strengthen the country's electronics manufacturing ecosystem.

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