General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

May 02, 2025

CCI Greenlights Major Stake Acquisition in Coca-Cola India Arm by Jubilant and Goldman Sachs

In a key move impacting India's food and beverage sector, the Competition Commission of India (CCI) cleared a deal involving the acquisition of a 40% stake in Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH) by Jubilant Beverages Limited (JBL). The deal also includes subscription to CCPS in JBL by Jubilant BevCo Ltd. and Singapore-based investors backed by Goldman Sachs Asset Management (GSAM). This strategic partnership marks a major collaboration between an Indian conglomerate and a global beverage giant.

Google, Microsoft, Nvidia Join IICT to Empower Digital Creators

Seven global firms, including Google and Microsoft, are collaborating with the Indian Institute of Creative Technology (IICT) to promote talent in the emerging creators' economy in the country.
The seven firms - Nvidia, Google, Apple, Microsoft, Meta, Star India and Adobe are collaborating with the IICT. The IICT will work closely with the industry to make our young creators future ready.

PM Modi Commissions Vizhinjam International Seaport

Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport, placing Kerala firmly on the global maritime map.
The port in Thiruvananthapuram district is expected to transform India's role in international trade and shipping.
The deep-water port has been developed by Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer and part of the Adani Group, under a public-private partnership.
The project was completed at an estimated cost of Rs. 8,867 crore.

CCI Approves KKR's Acquisition of Majority Stake in HealthCare Global Enterprises

The Competition Commission of India (CCI) gave green light the acquisition of a controlling stake in HealthCare Global Enterprises Limited (HCG) by KKR, a global investment firm, through its entities Hector Asia Holdings and KIA EBT II Scheme. This move reflects growing global interest in India's healthcare sector and highlights the importance of regulatory oversight in major corporate deals.

May 01, 2025

Indian Oil Corporation to Import LNG under 5-year agreement with US-based Trafigura

Indian Oil Corporation, the country's largest refiner, signed a five-year deal with trading firm Trafigura to import liquefied natural gas (LNG).
Under the arrangement, Trafigura will deliver three to four LNG shipments in the current year, followed by six shipments annually beginning next year (2026).
The pricing structure for these imports will be tied to the US Henry Hub benchmark. India is aiming to increase its energy purchases from the United States to address trade imbalances with the world's largest economy, while traders are seeking to redirect some LNG originally destined for China toward India.

RBI Launches 3 Key Surveys for Monetary Policy Input

To fine-tune India's monetary policy based on real-time household sentiments, the RBI initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, and economic sentiment in both urban and rural India, helping the central bank make informed decisions.
The data from these surveys will serve as crucial inputs for the RBI's upcoming Monetary Policy Committee (MPC) meeting scheduled from June 4–6, 2025.

Apr 30, 2025

SBI, Land Ports Authority of India Sign MoU to Enhance Banking Services at Land pOrts Bordering N...

The State Bank of India (SBI), the country's largest bank, signed a Memorandum of Understanding (MoU) with Land Ports Authority of India (LPAI) to strengthen banking services infrastructure across 26 land ports bordering our neighbouring countries.
This strategic collaboration will strengthen India's border trade ecosystem and provide modern banking solutions to business and individuals at land ports. SBI will partner with LPAI and aspire to improve the trade transactions for Rs. 80,000 crore at present to Rs. 2 trillion by 2030.
The MoU was signed on behalf of SBI by S. N. Panigrahi, DGM and Vidyadhar Jha, Director (Operations), Land Ports Authority of India.

India Ranks among Top IPO Markets with USD 2.8 Billion Raised in Q1 2025

India's Initial Public Offering (IPO) market continues to demonstrate resilience, securing a 22 per cent share of global IPO activity in the first quarter of 2025, according to the Q1 2025 IPO Trends Report by EY.
With 62 IPOs raising a total of USD 2.8 billion, India remains a leading destination for companies seeking to go public, even amidst a backdrop of global market uncertainties.
As per the EY report, the largest IPO during this period was by Hexaware Technologies Ltd., which successfully raised USD 1.0 billion, highlighting the ongoing demand for technology-related offerings in the Indian market.

Apr 29, 2025

IEPFA Signs MoU with Kotak Mahindra Bank to Enhance Investor Education through Digital Outreach

In a move to enhance investor education and protection, the Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, Government of India, signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Limited (KMBL). This strategic partnership aims to amplify the dissemination of critical investor awareness messages through Kotak Mahindra Bank's extensive physical and digital network across the country.
The collaboration will see IEPFA's curated investor education content being prominently featured on Kotak Mahindra Bank's ATMs, kiosks, websites, mobile apps and social media platforms. Digital banners, short films, and educational videos produced by IEPFA will be showcased to raise awareness on responsible investing, financial fraud prevention, and the protection of investor's rights.

IndusInd Bank's Deputy CEO Arun Khurana Resigns

Arun Khurana, deputy Chief Executive Officer of IndusInd Bank, resigned with immediate effect, taking responsibility for the loss incurred by the bank due to accounting lapses that led to close to Rs. 2,000 crore of loss.
Khurana joined the bank in November 2021 as head of the Global Markets Group. He was earlier with the Royal Bank of Scotland (RBS), Singapore, as the regional head of corporate solutions for the Asia Pacific region.

Apr 28, 2025

Anant Ambani Appointed Executive Director of Reliance Industries Ltd

The board of Reliance Industries Ltd (RIL) approved the appointment of Anant Ambani as the Executive Director of the company for a term of five years. This marks a major step in the generational leadership transition within the conglomerate, making Anant the first among the Ambani siblings to assume an executive role in the parent company.
In August 2023, Anant, along with his siblings Isha Ambani and Akash Ambani, was appointed as non-executive directors.
These appointments were approved by shareholders in October 2023.

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