General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

Apr 18, 2025

Tata Inks $990.79 Million Loan to Fund Britain's Biggest Battery Plant

A unit of Tata Sons signed a £750 million ($990.79 million) loan, to build what could be Britain's largest battery making facility.
About 15 banks have signed the two-year bridge loan deal this month for Agratas Energy Storage Solutions Pvt. The deal is among the three largest foreign currency loans for an Indian company this year (2025).
The two-year loan has been priced at a spread over the Sterling Overnight Index Average, or SONIA, and the deal has been signed.

Santosh Kumar Named Deputy CFO of IndusInd Bank

IndusInd Bank named Santosh Kumar as its Deputy Chief Financial Officer (CFO). This move came following the end of Deputy CEO Arun Khurana's tenure as acting CFO. The bank has been facing mounting challenges due to elevated bad loans in the microfinance sector and accounting discrepancies in its derivative transactions, leading to considerable financial impact and regulatory scrutiny.

Apr 17, 2025

L&T Finance Ltd. Launches a Smarter, Faster, and More Customer-centric Website

L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, unveiled its newly designed corporate website (www.LTFINANCE.com). It offers a seamless and unified experience on both web and mobile, enabling access 'anytime, anywhere' to users.
Built with a customer-first approach to enhance user experience, the website features an intuitive design and visually engaging layout that showcases all LTF products at a glance, ensuring effortless navigation through the Company's comprehensive portfolio offerings spanning across Urban, Rural, and SME sectors. Besides its aesthetic enhancements, the new website is meticulously crafted to optimise operational efficiency.

Vivek Singh Appointed CEO of Home Credit India

The Board of Home Credit appointed Vivek Singh as the Chief Executive Officer, effective immediately. Singh brings over 20 years of extensive experience in the financial services sector, with a strong focus on building and scaling businesses, driving digital transformation, and managing large-scale operations. He is poised to spearhead Home Credit India into its next phase of growth under the TVS Holdings umbrella.
Home Credit India has played a pivotal role in advancing financial inclusion across the country.

Ananya Birla Launches LOVETC to tap premium cosmetics market in India

The office of Ananya Birla, Aditya Birla Group, launched a premium cosmetic brand, LOVETC, to address the market gap for premium colour cosmetics in India.
"This strategic expansion follows Birla Cosmetics' launch of Contraband earlier this year.
The company's foray into colour cosmetics is part of its long-term vision to build a dynamic beauty portfolio, leveraging deep consumer insights and expertise in delivering product excellence.

Apr 16, 2025

Premji Invest, Pai Family Get CCI Nod to Acquire Stakes in Akasa Air

Fair trade regulator CCI approved proposals of tech tycoon Premji Invest, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation.
SNV Aviation Pvt Ltd, which operates Akasa Air, is engaged in air passenger and cargo transport services.

Swiggy Launches AI-powered Pyng App, Enters Professional Services Market

Swiggy, the food and grocery delivery platform, said that it has launched a new consumer app, Pyng—an AI-driven platform designed to simplify access to thousands of verified professionals across over 100 specialisations.
Pyng marks Swiggy's entry into the growing professional services market and competes with different players including home services platform Urban Company. Pyng is an online marketplace designed to address the increasing yet unmet demands of urban consumers who are often overwhelmed by endless online searches for reliable, skilled professionals.

Apr 15, 2025

Greaves Cotton Appoints Parag Satpute as new MD and Group CEO

Engineering firm Greaves Cotton Ltd appointed Parag Satpute as its new Managing Director and Group Chief Executive Officer. His appointment came after Arup Basu resigned as a Managing Director of the Company.
Satpute has previously served as the president of the Fleet Business at Bridgestone Mobility Solutions and was the Managing Director of Bridgestone India.

Milkfed Launches 'Veera' Mascot for Verka to Boost Nationwide Presence

In a strategic branding move, Milkfed Punjab, one of India's largest state dairy cooperatives, unveiled a new mascot named 'Veera' for its flagship dairy brand Verka. The initiative aims to enhance Verka's recognition and sales across India and beyond, mirroring the enduring success of iconic mascots like the Amul Girl. Veera, a young smiling Sikh boy with folded hands, symbolises Punjab's warmth, tradition, and hospitality. This launch coincided with the foundation stone laying of a Rs. 135 crore dairy expansion project in Amritsar, further reflecting the brand's vision of modernising its operations and expanding its footprint.

Apr 14, 2025

India Launches Global Tariff and Trade Helpdesk

The union government launched a dedicated 'Global Tariff and Trade Helpdesk' to assist traders navigate emerging trade issues amid global uncertainty over US President Donald Trump's tariff measures.
According to a notice issued by the government, the Directorate General of Foreign Trade (DGFT) operationalised the helpdesk to look into issues relating to 'import and export challenges, import surges or dumping, EXIM clearance, logistics or supply chain challenges, financial or banking issues, regulatory or compliance issues, and other Issues or suggestions.'

Lamborghini Appoints Nidhi Kaistha as Head of Operations in India

Italian super luxury automaker Automobili Lamborghini appointed Nidhi Kaistha as Head of Lamborghini India.
In her new role, Kaistha will oversee sales, marketing and after-sales operations in India, the sixth-largest market in the Asia Pacific region.
With over 25 years of experience across hospitality, aviation, and automotive industries, she brings extensive expertise and leadership to her new position.
Lamborghini currently operates through three dealerships in Mumbai, Delhi, and Bengaluru, catering to a growing community of enthusiasts and customers.

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