General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

Jan 30, 2025

Shailesh Kumar Davey: The New CEO of Zoho Corporation

Sridhar Vembu stepped down as Zoho Corporation's CEO and took on the role of Chief Scientist, focusing on research and development. In his place, Shailesh Kumar Davey, a co-founder of Zoho Corporation was appointed as the new group CEO.

HP India Launches South India's First HP SMB Connect Centre in Kochi

HP India launched South India's first HP SMB Connect Centre in Kochi, Kerala. Shailesh Tripathi, Director, Commercial Channel, HP India Sales Pvt. Ltd, along with Ashish Agarwal, Country Manager, Commercial Channel, HP India Sales Pvt. Ltd, inaugurated the experience centre.

Cabinet Approves Rs. 16,300 Crore National Critical Mineral Missio

The Union Cabinet approved the National Critical Mineral Mission (CMM) with an outlay of Rs. 16,300 crore. This initiative is aimed at addressing the critical need for minerals that are essential for key technologies and defence manufacturing. The CMM seeks to boost the domestic production of critical minerals, reduce dependence on imports, and enhance India's resource security by fostering both onshore and offshore mining activities.
The mission will address the entire value chain of critical minerals, from exploration and mining to beneficiation, processing, and recovery from end-of-life products. With a focus on critical minerals like lithium, cobalt, copper, nickel, and rare earth elements, the mission also aims to streamline regulatory processes, incentivise exploration, and develop a national stockpile of these minerals. By promoting both public and private sector participation, the mission is poised to make India self-reliant in critical mineral resources.

Jan 29, 2025

PM Modi Inaugurates 'Utkarsh Odisha' Business Conclave

Prime Minister Narendra Modi inaugurated the 'Utkarsh Odisha – Make in Odisha Conclave 2025' at Janata Maidan in Bhubaneswar. The event, attended by Odisha CM Mohan Charan Majhi, Union Ministers Dharmendra Pradhan and Ashwini Vaishnaw, and business leaders from across India, is Odisha's largest business event to date. The two-day conclave aimed to promote investment, boost industrial growth, and position Odisha as a key economic hub in Eastern India.
Business delegates from 16 countries participated.

CheQ Unveils Wisor: India's First AI-Powered Credit Card Expert

CheQ, a leading Indian fintech company founded by former Flipkart executive Aditya Soni, introduced Wisor, India's first AI-driven credit card expert. This innovative tool aims to transform credit card management by providing personalised insights, seamless management, and maximising rewards for users.
Wisor offers an intuitive Q&A chat interface, delivering instant, human-like responses to all credit card-related inquiries, eliminating the need to search through multiple sources.

Government Approves Rs. 500 crore Capital Infusion into IFCI for FY 2024-25

The Government of India sanctioned a Rs. 500 crore capital infusion into the Industrial Finance Corporation of India (IFCI) for the financial year 2024-25. This strategic move aims to bolster IFCI's financial health ahead of its planned restructuring and consolidation.
The capital infusion was approved through the first Supplementary Demand for Grants for 2024-25 in the Lok Sabha. The allocation includes Rs. 499.99 crore for 'Subscription to the Share Capital of IFCI'. Additionally, savings of Rs. 50.07 crore from the same section and Rs. 449.92 crore from the capital section of Demand No.30-DEA will be utilised, ensuring no additional cash outflow.

Jan 28, 2025

JPMorgan Names Nitin Maheshwari, Ravi Shankar as Co-heads of India Bank

JPMorgan Chase & Co. promoted two of its most senior dealmakers as co-heads of investment banking in India as the US lender seeks to strengthen its position in the market following the departure of Navin Wadhwani.
JPMorgan elevated Nitin Maheshwari and Ravi Shankar as co-heads of investment banking for India. Both bankers will take on the responsibilities held by Wadhwani, who left the US lender to pursue other opportunities.

Indosat Partners with India's AIonOS to Power Indonesia's AI Growth

Indonesian Digital telecommunications company Indosat Ooredoo Hutchison (Indosat or IOH) signed a Mamorandum of Understanding (MoU) with India-based AIonOS to transform Indonesia's Artificial Intelligence (AI) ecosystem.
The MoU represents the first large-scale AI-focused partnership between the two nations, symbolising a shared commitment to leverage the power of AI to drive innovation, economic growth, and sociocultural transformation.
AIonOS, a joint venture between InterGlobe and Assago Group, is dedicated to transforming businesses into AI-led enterprises while Indosat is Indonesia's leading telecommunications provider.

Sridhar Vembu Steps Down as Zoho CEO

Zoho Corporation's co-founder Sridhar Vembu stepped down as the company's CEO to assume a new role as Chief Scientist. He will be responsible for the company's R&D initiatives.
The company's co-founder Shailesh Kumar Davey took over as the new CEO and another co-founder Tony Thomas will lead Zoho US.

IDBI Bank Reappoints Rakesh Sharma as MD & CEO for 3 Years

IDBI Bank's Board of Directors approved the reappointment of Rakesh Sharma as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term, effective March 19, 2025. This decision follows the necessary approval from the Reserve Bank of India (RBI).
Rakesh Sharma has been at the helm of IDBI Bank since October 10, 2018. Prior to this, he served as MD & CEO of Canara Bank from September 2015 to July 2018. His extensive banking career also includes leadership roles at Lakshmi Vilas Bank and the State Bank of India (SBI).

Jan 27, 2025

PNB Pioneers Real-Time Cybercrime Response with Clari5 Integration

Punjab National Bank (PNB) became the first Indian bank to implement Clari5's National Cybercrime Reporting Portal (NCRP) Integration Solution, marking a significant advancement in fraud prevention and complaint management. This state-of-the-art system, developed in collaboration with the Indian Cyber Crime Coordination Centre (I4C), enables automated, real-time processing of cybercrime complaints across all retail banking channels, including Internet and Mobile Banking, ATMs, UPI, and NEFT/RTGS.
The solution features automated lien marking, intelligent account freezes, and customizable whitelisting to protect customer interests. Rivi Varghese, CEO of Clari5, praised PNB's visionary leadership and commitment to innovation, and stated that this integration sets a new benchmark for the Indian banking sector.

Tata Tops India, Apple Leads Globally in 2025 Brand Rankings

In the latest Brand Finance Global 500 report for 2025, Tata Group solidified its status as India's most valuable brand, achieving a brand value of $31.6 billion—a 10% increase from the previous year. This marks the first time an Indian brand surpassed the $30 billion threshold. Globally, Apple continued to dominate with a brand value of $574.5 billion, maintaining its lead over competitors.
Ranked 60th among the world's top 100 brands, Tata Group maintained its AAA- brand strength rating.
On the international front, technology giants continue to lead:
Apple retained the top spot with a brand value of $574.5 billion, an 11% increase from the previous year.
Microsoft held the second position with a brand value of $461.1 billion, marking a 35% growth.
Google ranked third with a brand value of $413 billion, up by 24%.

Jan 26, 2025

Government Selects 24 Companies under PLI Scheme for White Goods

The government selected 24 companies under the third round of the production-linked incentive (PLI) scheme for white goods.
These companies have committed an investment of Rs. 3,516 crore to boost domestic production of critical components for ACs and LED lights.
Out of the 38 applications received in the round, 18 new companies were provisionally selected, with 10 focusing on AC components and 8 on LED light components. These new entrants are set to invest Rs. 2,299 crore.
Additionally, 6 existing beneficiaries of the PLI scheme, including prominent AC and LED light manufacturers, have been chosen to scale up their investments, contributing an additional Rs. 1,217 crore.
As of now, 84 companies are part of the PLI scheme for white goods, bringing in a total investment of Rs. 10,478 crore.

Former Standard Chartered Bank MD Sanjeev Mehta launches Akashaverse Platform

Sanjeev Mehta, former Managing Director of Standard Chartered Bank who resigned from the top post in September 2024, became an entrepreneur with the launch of a new-age start-up venture called Akashaverse.
Akashaverse is an entertainment, social, e-commerce and lifestyle hub which uses immersive technologies and artificial intelligence to provide day-to-day services and experiences.

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

July GK, June GK, May GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services And Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26