General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

May 07, 2025

FMCG Major Marico Extends CEO Saugata Gupta's Tenure for Two Years

The Board of Directors of home-grown FMCG major Marico approved the reappointment of Saugata Gupta as the Managing Director and Chief Executive Officer for a further period of two years, from April 1, 2026 till March 31, 2028.
Gupta had joined Marico, which owns popular brands including Saffola, Parachutte and Livon, in 2004 as the Head of Marketing.
He was elevated as CEO of India business in 2007.
Since 2014, Gupta has been continuing as the Managing Director and Chief Executive Officer of the company.

India Breaks Records in Mineral (Mining) Production in FY 2024-25

India's mining and non-ferrous metal sectors achieved record-breaking production levels in FY 2024-25, building upon the momentum of the previous year. According to provisional data released by the Ministry of Mines, key minerals such as iron ore, manganese ore, and bauxite, as well as non-ferrous metals like aluminium and copper, registered significant year-on-year growth. This surge is driven by strong demand from core sectors including steel, construction, infrastructure, and automotive manufacturing.
The production reached 289 million metric tonnes (MMT) with a 4.3% increase over 277 MMT in FY 2023-24.

India and U.K. Seal Historic Free Trade Agreement

In May 2025, India and the United Kingdom concluded a landmark Free Trade Agreement (FTA) described by both governments as a 'historic milestone.' This comprehensive and mutually beneficial trade pact aims to enhance economic cooperation, eliminate trade barriers, and boost investment and job creation.
Coming after over two years of negotiations, the agreement covers goods, services, investment facilitation, and mobility of professionals, and is set to significantly transform the economic landscape between the two countries. The deal also includes a Double Contribution Convention to resolve long-standing concerns related to social security contributions for Indian workers in the UK.

Skoda Auto Volkswagen India Announces Key Leadership Appointments

Skoda Auto Volkswagen India (SAVWIPL) announced key leadership changes, appointing Ashish Gupta as Brand Director of Skoda India and Nitin Kohli as Brand Director of Volkswagen Passenger Cars.
Ashish Gupta succeeded Petr Janeba, who returns to Skoda Auto in the Czech Republic. Gupta has over 20 years of experience in the automotive sector, including more than 12 years within the Volkswagen Group and five years leading the Volkswagen brand in India.
Nitin Kohli has 25 years of experience in the automotive sector — including over a decade at SAVWIPL.

May 06, 2025

India's First Mortgage Backed Pass through Certificates Listed on the National Stock Exchange

M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance listed India's first Mortgage backed Pass Through Certificates (PTC) structured by RMBS Development Company Limited on the National stock Exchange. The listing ceremony was attended by several Heads of Banks, Housing Finance Companies and other financial institutions.
These PTCs are backed by pool of housing loans originated by LIC Housing Finance Limited.
The final maturity of the PTC issued will be nearly twenty years and the coupon is 7.26% per annum. The rating of the Instrument is AAA(SO) by CRISIL and CARE Ratings. These PTCs are issued in demat form and are transferable. As the PTC is listed on a stock exchange, they can be traded in the secondary market.

Amplus Solar Rebrands to Gentari

Clean energy solutions company Gentari announced the integration of its Commercial & Industrial (C&I)-focused platform, Amplus Solar, into the Gentari brand, marking a significant milestone in its journey in India. This strategic move not only reflects a unified brand identity but also signals the consolidation of Gentari's renewable energy (RE) business in the country.
Amplus Solar has been part of the Gentari Group since 2023, contributing significantly to Gentari's renewables portfolio.

Shell-Reliance-ONGC JV Completes India's 1st Offshore Decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea.
The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture.

May 05, 2025

India's First Gold-Melting ATM Unveiled by Goldsikka

In a move set to transform the landscape of gold transactions in India, Hyderabad-based Goldsikka unveiled an AI-powered Gold-Melting ATM. This innovative machine enables users to buy, sell, exchange, lease, digitise, and monetise gold, all through an automated process. Integrated with Augmented Reality (AR), the ATM also allows users to virtually try on jewellery before purchasing, offering a futuristic and user-friendly gold transaction experience.
The AI-powered Gold-Melting ATM is located in Hyderabad, Telangana.

Warren Buffett to Step Down as Berkshire CEO after 60 Years at Helm

Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as Chief Executive Officer of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice-Chairman Greg Abel.
The move caps an era for Berkshire after Buffett's extraordinary 60 years at the helm, which made him a household name, a multi-billionaire and an American success story.

May 04, 2025

Sa-Dhan and Bank of India Sign a MoU for Expanding Financing Footprint

Sa-Dhan, an RBI - appointed self-regulatory organisation of Microfinance and Impact Finance Institutions in India, signed a Memorandum of Understanding (MoU) with Bank of India for expanding the financing access to small and micro and women-led enterprises. Both the entities will collaborate in achieving crucial National Financial Inclusion and Sustainable Development Goals (SDGs).
The MoU is a non-commercial arrangement and include key areas of collaboration such as Enterprise Finance for SHGs and Non-SHG Members, Climate - Resilient Technologies and Green Financing, WASH (Water, Sanitation and Hygiene) Financing, Co-lending to MFIs, Digital Transformation and Adoption of Technologies and most importantly, Financial Literacy and Awareness about Government Schemes.

Infosys Completes Acquisition of Australia's The Missing Link

Infosys completed its acquisition of the Australian cybersecurity services firm The Missing Link for AUD 98 million (about Rs. 532 crore).
Infosys acquired the firm in an all-cash deal through its wholly-owned subsidiary Infosys Singapore Pte Ltd.
With this acquisition, Infosys aims to strengthen its cybersecurity capabilities, besides expanding its presence in the Australian market.
The Missing Link brings to Infosys, a group of highly skilled cybersecurity professionals consisting of Red Team, Blue Team, and a state-of-the-art Global Security Operations Centre (GSOC) adding to the network of Infosys' global cyber defence centres.

May 03, 2025

NITI Aayog's New Report Aims to Boost MSME Competitiveness in India

NITI Aayog released a report titled Enhancing Competitiveness of MSMEs in India, in collaboration with the Institute for Competitiveness (IFC). The report provides a comprehensive analysis of India's Micro, Small, and Medium Enterprises (MSMEs), identifying key challenges and presenting a set of systemic reforms aimed at boosting their competitiveness. The recommendations focus on financing, innovation, skill development, and market access, paving the way for MSMEs to thrive in both domestic and global markets.

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