General Awareness

BUSINESS AND ECONOMY - January 2021

Jan 2021

Oct 15, 2026

NIIT appoints Anish Sarkar as CEO, succeeding Pankaj Jathar

NIIT Ltd announced Anish Sarkar as chief executive officer, effective 14 October 2026. He succeeds Pankaj Jathar, who is stepping down for personal reasons after two years and will be relieved by 22 October 2026. Jathar plans to return to Bengaluru to pursue academia and teaching. Sarkar has experience in technology, digital services, human capital consulting, and business development, including leadership roles at Pluxee India (and its cluster in India, Philippines, and Indonesia). NIIT expects his track record in growth, portfolio development, and strategic acquisitions to drive the company’s education technology and services agenda.

New CEO: Anish Sarkar (effective 14 Oct 2026)
Predecessor: Pankaj Jathar; relieved by 22 Oct
Jathar to focus on academia in Bengaluru
Sarkar background: tech, digital services, HCM
Previous role: MD of Pluxee India; regional leadership
Strategic aim: growth and acquisitions in edtech

Oct 14, 2026

CtrlS Announces ₹10,000-Crore AI Factory in Bodh Gaya

CtrlS Datacenters announced plans to invest ₹10,000 crore in a 150 MW hyperscale AI factory in Bodh Gaya, Bihar, in October 2026. The company signed a Letter of Intent with the Bihar government and also inaugurated a ₹400-crore data centre in Patna. The proposed AI facility aims to strengthen digital infrastructure, support artificial intelligence and cloud services, and attract investment and create employment in Bihar. Industry analysts see potential for regional technology clusters, talent development, and multiplier effects in local businesses. Officials emphasized environmental safeguards and community engagement during construction and operation. The project is part of Bihar's push to become a digital and manufacturing hub. If realized, the facility could boost regional AI capabilities and attract international partners.

Investment: ₹10,000 crore; 150 MW AI factory in Bodh Gaya.
LOI: with Bihar government; data centre in Patna (₹400 crore).
Aims: strengthen digital infrastructure, AI and cloud services.
Potential impact: jobs, investment, regional tech clusters.
Considerations: environmental safeguards and community engagement.

Oct 11, 2026

Adani Power and Bhutan’s DGPC sign 770 MW Chamkharchhu-I hydro project agreement

Adani Power Limited and Bhutan's Druk Green Power Corporation (DGPC) signed a shareholders' agreement on 6 October 2026 to jointly develop the 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan, strengthening energy cooperation between India and Bhutan. The project is part of a broader 5,000 MW hydropower development partnership between the Adani Group and the Royal Government of Bhutan. Under the agreement, DGPC will hold 51% equity and Adani Power 49%. The project will follow the Build, Own, Operate and Transfer model with a 30-year concession from commercial operation and is expected to be completed within six years of groundbreaking. It aims to expand renewable energy capacity and regional energy security.

Date of agreement: 6 October 2026.
770 MW Chamkharchhu-I hydro project in Bhutan.
DGPC 51% equity; Adani Power 49%.
BOOT model; 30-year concession.
Part of a broader 5,000 MW regional hydropower plan.

Oct 08, 2026

RBI increases repo rate to 5.50% on 7 October 2026

The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. The Monetary Policy Committee, chaired by Governor Sanjay Malhotra, unanimously approved the decision and moved from a neutral to a calibrated tightening stance. The move aims to curb inflation while maintaining economic stability and growth momentum. Banks and borrowers can expect higher lending costs. The RBI signalled a careful balancing of inflation risks with growth, in line with its latest policy communications.

Rate hike: 25 bps to 5.50% (7 Oct 2026)
Policy stance: from neutral to calibrated tightening
Chair: Governor Sanjay Malhotra
Reason: to control inflation while supporting growth
Market impact: potential higher loan costs

Oct 06, 2026

Bharat Forge signs long-term aerospace contract with Pratt & Whitney Canada

Bharat Forge Ltd signed a long‑term contract with Pratt & Whitney Canada on 5 October 2026 to supply mission‑critical aerospace engine components. The parts will be manufactured at Bharat Forge’s aerospace facility in India, designed to produce high‑performance aero‑engine products and to meet global standards for quality, precision, reliability and traceability. The deal strengthens Bharat Forge’s role as a supplier for international aerospace customers and supports multiple programmes in both civil aviation and defence sectors. Company officials emphasized strong quality controls and end‑to‑end traceability, with strict supplier audits and on‑time delivery commitments. The agreement underscores India’s expanding capabilities in high‑value manufacturing.

Date: 5 October 2026.
Partner: Bharat Forge and Pratt & Whitney Canada.
Products: mission‑critical aerospace engine components.
Facility: Bharat Forge’s aerospace plant in India.
Emphasis: quality, traceability and on‑time delivery.

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