General Awareness

BUSINESS AND ECONOMY - July 2020

Jul 2020

Sep 29, 2026

Gulbarga Tur Dal GI-tagged export to Maldives begins

Gulbarga Tur Dal, a Geographical Indication (GI)-tagged agricultural product from Karnataka, was exported to the Maldives with support from APEDA. About 1 metric tonne of Gulbarga Tur Dal was shipped as part of efforts to expand global markets for India’s GI-tagged products. The initiative aims to provide greater opportunities for Farmer Producer Organisations (FPOs) to participate in international trade and to diversify export markets beyond traditional buyers. APEDA emphasized that such exports foster value addition, raise farmer incomes, and showcase Karnataka's agricultural heritage on a global stage.

Product: Gulbarga Tur Dal (GI-tagged)
Export destination: Maldives
Quantity: ~1 metric tonne
Support: APEDA
Aim: Expand GI exports and farmer opportunities

NMDC inaugurates ₹5,427 crore iron ore processing project in Chhattisgarh

NMDC Ltd. inaugurated a major integrated iron ore processing project valued at ₹5,427 crore in September 2026, located in Chhattisgarh. The package includes an iron ore processing plant at Bacheli, a 15 million tonne per annum slurry pipeline, and a 2 million tonne per annum pellet plant at Nagarnar. The facilities will enable NMDC to process fines and slimes from the Bailadila mines into concentrate, strengthening India’s steel sector and reducing ore losses during transport. Officials anticipate improved ore quality, enhanced logistics efficiency, and higher export potential as part of a broader push to expand domestic mineral value chains and steel production.

Investment: ₹5,427 crore
Locations: Bacheli (plant) and Nagarnar (pellet plant)
Capacities: 15 MTPA slurry pipeline; 2 MTPA pellet plant
Purpose: Process fines/slimes into concentrate
Impact: Strengthens steel sector, improves logistics

India ranks 31st in WEF Travel & Tourism Development Index 2026

India was ranked 31st among 110 economies in the World Economic Forum's Travel and Tourism Development Index 2026, released on 25 September 2026. The country rose from 39th position in 2024, as improvements in tourism infrastructure, accessibility, and destination resilience supported growth in travel and tourism. Japan topped the index, with several advanced economies following. The report underscores ongoing policy reforms, investment in hospitality, and digital-enabled services as key drivers. Analysts say the ranking provides a benchmark to guide investment, marketing, and policy decisions to sustain deepening tourism-led growth in the coming years.

Release date: 25 September 2026
India rank: 31/110
Previous rank (2024): 39
Top country: Japan
Implication: Guides policy and investment decisions

Sep 28, 2026

Fourth UP International Trade Show opens in Greater Noida

The fourth edition of the UP International Trade Show (UPITS) is being held at the India Expo Centre and Mart in Greater Noida, Uttar Pradesh. The five-day event, themed 'Ultimate Sourcing Begins Here,' aims to connect entrepreneurs, manufacturers and exporters from Uttar Pradesh with global markets. Union Home Minister Amit Shah and Uttar Pradesh Chief Minister Yogi Adityanath were scheduled to inaugurate the event, which runs until 29 September 2026. Delegates from across the state and country showcase products in textiles, handicrafts and engineering, seeking partnerships, investment and export orders. The event is expected to boost UP’s trade ecosystem and SME growth.

UPITS is a five-day event in Greater Noida, themed 'Ultimate Sourcing Begins Here'.
Inauguration was planned by Amit Shah and Yogi Adityanath; runs until 29 September 2026.
Participants include UP-based entrepreneurs, manufacturers and exporters aiming for global markets.

Sep 27, 2026

Banks brace for strike; SBI issues advisory on possible service disruptions

Ahead of the UFBU strike, State Bank of India issued an advisory about potential service disruptions during the 28–30 September 2026 window. The advisory asks customers to plan ahead for essential transactions and to use digital banking channels where possible. The move aligns with other banks preparing contingency measures to maintain operations. The strike is part of ongoing negotiations on a five-day banking week and related wage issues. Regulators and the government have urged calm and continuity of services to minimize inconvenience for citizens and businesses.

SBI advisory issued for 28–30 Sep 2026.
Digital banking encouraged to reduce disruption.
Strike tied to broader five-day banking week demand.
Regulators urge service continuity.

UFBU bank strike set for 28–30 September 2026; banks prepare contingency plans

The United Forum of Bank Unions (UFBU) has announced a three-day nationwide bank strike from 28 to 30 September 2026, with a potential for further action if negotiations do not progress. Several banks, including the State Bank of India, have issued advisories for customers about possible disruptions to branches and some digital services. In response, authorities have asked banks to ensure essential services and to mitigate customer impact. A five-day banking week remains a central demand accompanying broader wage and working-condition considerations. Industry experts warn the disruption could affect retail transactions and corporate payments across the country.

Strike dates: 28–30 September 2026.
Organizer: UFBU (bank unions).
Bank advisories warn of service disruptions.
Main demand: five-day banking week.

ICICI Prudential Life Insurance renamed to ICICI Life Insurance Limited; ROC approves

ICICI Prudential Life Insurance Company Limited has renamed its corporate entity to ICICI Life Insurance Limited. The Registrar of Companies, Central Processing Centre under the Ministry of Corporate Affairs approved the name change with effect from 22 September 2026. The company has informed stock exchanges, depositories, its registrar and share transfer agent, and other regulatory authorities about the new name. The rebranding aligns the brand with the post-reclassification promoter structure and the company’s new identity. The legal entity will continue to offer existing life insurance products and services. It will complete all required updates to branding, legal documents, and listing records in coming weeks, subject to regulatory filings.

Name change approved by RoC effective 22 September 2026.
New corporate name: ICICI Life Insurance Limited.
Regulatory filings and listings to be updated by the company.
Changes align branding with promoter structure.

Sep 26, 2026

Maruti Suzuki commissions first Green Hydrogen electrolyser plant at Manesar, Haryana

On 26 September 2026, Maruti Suzuki India Limited announced the commissioning of its first Green Hydrogen electrolyser plant at the Manesar manufacturing complex in Haryana. The 300-kilowatt facility operates as a pilot to produce green hydrogen and test its use in automobile manufacturing, supporting cleaner energy adoption on the shop floor. The project aligns with wider national and industry efforts to reduce emissions in manufacturing and mobility. The electrolyser splits water into hydrogen and oxygen using renewable electricity, enabling potential future integration with production lines or hydrogen-powered processes in the plant. Company officials noted the plant's role as a learning platform for scalable, carbon-free manufacturing technologies.

Location: Maruti Suzuki's Manesar facility, Haryana; capacity 300 kW green hydrogen electrolyser.
Purpose: pilot project to produce and test green hydrogen in automobile manufacturing.
Significance: supports cleaner energy adoption and emissions reduction on the shop floor.
Technology: electrolyser splits water into hydrogen and oxygen using renewable electricity.
Outlook: potential future integration with production lines and hydrogen-powered processes; represents a learning platform for scalable technologies.

Sep 24, 2026

Premier Energies commissions 7 GW solar cell facility in Andhra Pradesh

Premier Energies has commissioned a major solar cell manufacturing facility at Naidupeta, Andhra Pradesh. The plant has a capacity of 7 GW and produces N-type TOPCon solar cells. With this expansion, the company’s total solar cell manufacturing capacity rises from 3.6 GW to 10.6 GW, placing it among the largest such capacities in India. The project supports domestic solar production, job creation, and the government’s renewable energy push. Experts say the facility strengthens supply chains for modules and solar components and boosts India’s potential for solar exports and energy security.

Location: Naidupeta, Andhra Pradesh.
New capacity: 7 GW; total capacity now 10.6 GW.
Technology: N-type TOPCon cells.
Industry impact: strengthens domestic solar supply chains.
Policy context: supports India's renewable energy goals.
Economic effect: potential for job creation and exports.

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