General Awareness

BUSINESS AND ECONOMY - August 2019

Aug 2019

Nov 04, 2025

India, New Zealand Hold 4th Round of FTA Talks

India and New Zealand began the fourth round of negotiations on a Free Trade Agreement in Auckland which are expected to go on till November 8.
As per the Ministry of Commerce and Industry, negotiations in this round are focusing on key areas, including trade in goods, trade in services, and rules of origin.
Both sides are working constructively to build on the progress achieved in earlier rounds, to reach convergence on outstanding issues and move towards the early conclusion of the FTA.

SBI Joins India Bullion Exchange as Special Category Client

In a step toward modernising India's gold import ecosystem, the State Bank of India (SBI) announced its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX). The move, announced in November 2025, is expected to reshape how gold is imported and traded in India, especially benefiting MSME jewellers through better pricing and streamlined access.
Launched to make India a global bullion trading hub, IIBX operates from GIFT City, Gujarat. It offers a centralised and transparent platform for bullion imports and trading, especially aimed at reducing reliance on opaque and fragmented import channels.

SpiceJet Appoints Former IndiGo Executive Sanjay Kumar as ED

Domestic carrier SpiceJet announced the appointment of seasoned aviation professional and IndiGo former Chief Strategy and Revenue Officer Sanjay Kumar as Executive Director.
Kumar, in his role as ED, will lead the airline's strategic initiatives focused on expansion, operational excellence, and business transformation.
He will report directly to the SpiceJet Chairman and Managing Director Ajay Singh.
Kumar brings over three decades of experience in the aviation sector, with expertise in network planning, revenue management, marketing, and commercial strategy.

Nov 03, 2025

Jitendra Singh Attends SBI Mega Camp under Nationwide Digital Life Certificate (DLC) Campaign 4.0

The Department of Pension & Pensioners' Welfare (DoPPW), Ministry of Personnel, Public Grievances & Pensions is conducting the Nationwide Digital Life Certificate (DLC) Campaign 4.0 from November 1 to 30, 2025. The Campaign is a key initiative under the Government's vision of Digital Empowerment of Pensioners, aligned with the Digital India and Ease of Living missions.
The DLC Campaign 4.0 aims to reach two crore pensioners across more than 2,000 cities and towns through a saturation-based outreach approach. The Campaign emphasises the use of Aadhaar-based Face Authentication technology, enabling pensioners to submit their Life Certificates conveniently without requiring biometric devices. Special focus is being given to super senior and differently-abled pensioners through India Post Payments Bank's (Department of Posts) doorstep DLC service.

Nov 02, 2025

AU Small Finance Bank Deputy CEO Rajeev Yadav Resigns

AU Small Finance Bank announced that its Deputy CEO, Rajeev Yadav, has resigned to pursue other opportunities.
Yadav relieved from the services of the bank with effect from the close of business hours on October 31, 2025.

Maharashtra, Abu Dhabi Ports Group Inks USD 2 Billion MoU to Boost Maritime Growth

In a significant boost to India's maritime growth, the Government of Maharashtra in 2025, signed a Memorandum of Understanding (MoU) with the Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi, paving the way for up to USD 2 billion in investments across key maritime sectors, as per Maharashtra's Chief Minister's office.
The agreement aims to promote technological collaboration, port modernisation, logistics development, and maritime employment, marking a new phase of international cooperation between India and the UAE in the blue economy.
According to officials, the partnership will drive investment in diversified sectors, including shipbuilding, ship-breaking, water transport, port infrastructure, and even sports management, reflecting the growing global interest in India's maritime potential.
Maharashtra Chief Minister Devendra Fadnavis presided over the signing ceremony, which was attended by Ahmad Al Mutawa, CEO of Abu Dhabi Ports, Salah Al Nasser, CEO of Equiline Group, Ambar Ayade, MD & CEO of Rural Enhancers Group; and several other dignitaries.

Nov 01, 2025

US Waives Sanctions on Chabahar for 6 Months

India secured a fresh six-month waiver from the US to continue operations at Iran's strategic Chabahar Port, restoring a crucial link for regional connectivity that had come under threat following the recent withdrawal of the exemption.
The waiver came barely six weeks after Washington revoked India's earlier exemption, which was set to lapse on September 29, bringing the port and associated activities under the ambit of its sanctions imposed on Iran.
The Chabahar project, jointly developed by India and Iran, has been a crucial link for humanitarian supplies and trade with Afghanistan, bypassing Pakistan.

Vizag Port to Build Major Port Cum Ship Building Cluster at Dugarajapatnam

The Visakhapatnam Port Authority (VPA) has signed an MoU with the State of Andhra Pradesh, in 2025, for establishment of a `major port cum ship building and ship repair cluster' at Dugarajapatnam in Tirupati district, with an investment commitment of Rs. 29,662 crore, according to an official communication from the VPA here on Thursday.
The project will generate large-scale employment, strengthen India's self-reliance under the Make in India framework, and deliver modern infrastructure to accelerate the nation's maritime growth.

Oct 31, 2025

Achin Gupta to Succeed Umang Vohra as Cipla MD & GCEO

Cipla announced the elevation of Achin Gupta, its Global Chief Operating Officer, as Managing Director and Global Chief Executive Officer (MD & GCEO) effective April 1, 2026, for a five-year term, subject to shareholder approval. Gupta will take over as MD & GCEO-designate from January 1, 2026, succeeding Umang Vohra, who has led Cipla since 2016.
Umang Vohra joined Cipla in 2015 as global chief financial and strategy officer and thereafter served as the company's MD & GCEO since 2016.

Reliance Jio Users to Receive Rs. 35,100 Google AI Pro Boost, for Free

Mukesh Ambani-led Reliance Industries Limited (RIL), through its subsidiary Reliance Intelligence Limited, has entered into a strategic partnership with Google to accelerate the adoption of artificial intelligence (AI) across India.
The tie-up, aligned with Reliance's AI for All vision, will see the rollout of Google AI Pro featuring the latest Gemini model for eligible Jio users, free of charge for 18 months. Valued at Rs. 35,100, the offer includes access to Gemini 2.5 Pro, expanded image and video generation through Nano Banana and Veo 3.1, enhanced Notebook LM features, and 2 TB of cloud storage. Reliance Jio's telecom user base currently stands around 506 million.

Same-Day Cross-Border Payments: A Reality Soon By RBI

The Reserve Bank of India (RBI) proposed a set of measures to make it easier and faster for individuals and businesses to receive money from abroad, seeking to eliminate delays between the receipt of funds by a bank and the credit to the recipient's account.
Under the proposed norms, banks will be required to credit inward remittances received during foreign exchange market hours to beneficiaries' accounts on the same business day, and those received after market hours on the next business day, the central bank said in a draft circular.
"One of the challenges with the speed of cross-border payments is the delay between the receipt of the payment at the beneficiary bank and the credit to the beneficiary's account," the RBI observed.

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