General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

Aug 31, 2025

Reliance to Build Solar Project Three Times the Size of Singapore

Reliance Industries announced a transformative energy plan to make Jamnagar and Kutch in Gujarat global centres for clean energy production. At the 48th Annual General Meeting, Anant Ambani, Director of Reliance New Energy, showcased the company's massive infrastructure and technology push in solar, battery storage, and hydrogen. These developments promise to redefine India's position in the global green energy economy.
The upcoming Dhirubhai Ambani Giga Energy Complex in Jamnagar is being built on an unprecedented scale. It includes gigafactories for solar panels, green hydrogen, battery storage, and electrolyser production, all within one complex.
In Kutch, Reliance is setting up one of the world's biggest solar projects, spanning 550,000 acres—about three times the size of Singapore. At full pace, the site will install,
55 MW of solar modules daily
150 MWh of battery containers daily
Meeting India's Power Needs

Aug 30, 2025

India's 1st Made-in-India Chip to Roll out from Sanand's CG Semi Plant

India's first 'made-in-India' semiconductor chip will roll out of Gujarat's CG Semi Pvt Ltd in Sanand, Information Technology (IT) Minister Ashwini Vaishnaw said at the inauguration of CG Semi's pilot OSAT (Outsourced Semiconductor Assembly and Test) facility.
The Sanand OSAT facility is the country's first end-to-end unit, the government said, developed by CG Semi, which holds a 92.3% stake. The project is in collaboration with Renesas Electronics and Stars Microelectronics, which hold around 6.8% and 0.9% equity, respectively.

Mastercard, Infosys Partner to Boost Cross-Border Payments

Infosys announced a partnership with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities.
The solution's seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, will play a key role in creating an efficient pathway for financial institutions to access Mastercard Move's cross-border capabilities in a fraction of the typical implementation time and without the intensive resourcing traditionally needed for integration projects.

Aug 29, 2025

TCS Appoints Amit Kapur as Head of the Newly Formed AI and Services Unit

Tata Consultancy Services (TCS) created a new Artificial Intelligence (AI) and Services Transformation unit, highlighting AI's increasing role in the company's plans.
The company named Amit Kapur, who heads TCS's UK and Ireland business as the head of its newly formed AI and services transformation unit. He will assume the role of Chief AI and Services Transformation Officer from September 1, 2025. Kapur has worked with TCS for over 26 years and will report to Aarthi Subramanian, Executive Director, President and Chief Operating Officer.

Aug 28, 2025

Nayara Energy Appoints Teymur Abasguliyev as CEO

Nayara Energy, one of India's major private oil refiners, appointed Teymur Abasguliyev, a senior executive from SOCAR Turkiye Enerji A.S., as its new Chief Executive Officer (CEO). The decision follows the resignation of Alessandro Des Dorides and other top European executives.
The appointment came in the wake of the European Union's 18^th round of sanctions on Russia, which included Nayara Energy due to its association with Rosneft, a Russian state-owned oil giant that holds a 49.13% stake in Nayara.
Teymur Abasguliyev is an Azerbaijan national, educated at Baku State University. He has had a long career in finance and energy.

J&K Bank Appoints Veteran Banker S. Krishnan as Non-executive Chairman

Jammu & Kashmir Bank announced the appointment of S. Krishnan as its new non-executive chairman, subject to Reserve Bank of India (RBI) approval. The appointment, approved by the bank's board is valid until March 26, 2028.
S. Krishnan brings over 40 years of experience in the banking sector. His career highlights include,
Managing Director & CEO of Punjab & Sind Bank
MD & CEO of Tamilnad Mercantile Bank (appointed in 2022)

Grihum Housing Appoints Ex-Citi Banker Arjun Chowdhry as CEO

Grihum Housing Finance, a TPG-backed mortgage lender, named Arjun Chowdhry, a former Citibank and Axis Bank Executive, as its new Managing Director and CEO. The announcement follows the resignation of current MD & CEO Manish Jaiswal, effective August 31, who will continue in an advisory role until December 31.
Chowdhry has over two decades of financial sector experience.

Aug 27, 2025

Standard Chartered Opens its Largest Branch in Eastern India

Standard Chartered announced the launch of its largest branch in East India, in Kolkata. The relocated branch is an affirmation of Standard Chartered's long relationship and continued commitment towards the city, which hosted the Bank's first branch in India in 1858. Since then, the bank has forged a deep relationship with India spanning more than 165 years.
This newly relocated branch was inaugurated by PD Singh, CEO, India and South Asia, Standard Chartered, Aditya Mandloi, Head, Wealth & Retail Banking, India and South Asia, Standard Chartered and Nitin Chengappa, Head Affluent Distribution & Branch Banking, India, Standard Chartered, in presence of other senior colleagues from the Bank.

Mastercard Announces Leadership Transition in Asia Pacific

Mastercard announced a leadership transition in its Asia Pacific region, with Ari Sarker set to step down from his role as President, Asia Pacific at the end of 2025. After more than a decade in the role, Ari will move into an advisory position, where he will focus on strategic initiatives and mentoring regional leadership to support a smooth transition.
Ari has been instrumental in Mastercard's growth across Asia Pacific, driving expansion, strengthening partnerships, and fostering a collaborative culture. His leadership has made a lasting impact on both the business and its people.
Effective January 1, 2026, Richard Wormald (Rich), currently Division President, Australasia, will succeed Ari as President, Asia Pacific. Rich brings deep regional experience and a strong track record of leadership, having led Mastercard's business in Australasia with a focus on performance, innovation, and stakeholder engagement.

Rajiv Anand Takes Charge as CEO of IndusInd Bank

Veteran banker Rajiv Anand took charge as IndusInd Bank's Chief Executive Officer and Managing Director.
Anand, whose appointment was announced earlier this month (August), was previously the Deputy Managing Director at private lender Axis Bank and has held key management positions at leading global financial institutions.

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