General Awareness

BUSINESS AND ECONOMY - June 2022

Jun 2022

Dec 08, 2025

Jeyandran Venugopal Named RRVL President & CEO

Former Flipkart executive Jeyandran Venugopal has been appointed President & Chief Executive Officer of Reliance Retail Ventures Ltd (RRVL), signaling a significant leadership shift as the retailer approaches a potential public listing. In his new role, Venugopal will work with Isha Ambani and the broader leadership team under Mukesh Ambani and Manoj Modi. He previously led product, engineering, and data functions as CPTO at Myntra and Jabong, steering scale and profitability. The appointment aligns governance with Reliance Industries' expanding retail footprint across India, as the group pursues growth, integration with fintech initiatives, and strategic long-term expansion.

Venugopal named President & CEO of Reliance Retail Ventures Ltd.
Former CPTO at Myntra and Jabong prior to this role.
Position aligns with a potential upcoming public listing.
Will collaborate with Isha Ambani and Manoj Modi.
Strengthens leadership during rapid expansion of Reliance Retail.

Dec 07, 2025

Netflix to Acquire Warner Bros Discovery Studios and Streaming Business for $72 Billion

In a seismic shift for the global entertainment industry, Netflix has agreed to acquire Warner Bros Discovery's TV and film studios along with its streaming assets in a landmark $72 billion deal. Announced in December 2025, the acquisition will hand the world's largest streaming platform control over iconic franchises such as Harry Potter, Game of Thrones, and DC Comics, dramatically altering the power structure of Hollywood.

Cristiano Ronaldo Joins AI Company Perplexity as Investor, Brand Ambassador

Portuguese footballer Cristiano Ronaldo has became an investor in and brand ambassador for AI company Perplexity.
In addition, he unveiled a custom AI assistant, Ronaldo hub. Fans can now explore it to view previously unseen images from his personal archive, browse curated questions about all stages of his life, and relive his greatest goals on an interactive pitch.
With Ronaldo's over 650 million combined social media followers, Perplexity is eyeing reach in regions such as Latin America, the Middle East and Asia, where AI adoption is still growing.

Prasar Bharati Signs MoUs With Russian Media Organisations

Prasar Bharati entered into memoranda of understanding with Russian media organisations during Russian President Putin's State visit to India, for cooperation in the field of broadcasting, content sharing and information exchange.
The organisations include Joint Stock Company Gazprom-media Holding; National Media Group, BIG ASIA Media Group, ANO TV-Novosti, and TV BRICS. According to a release by Gamprom Media, the agreement was signed by its CEO Alexander Zharov and Prasar Bharati CEO Gaurav Dwivedi.

Dec 06, 2025

PNB Appoints Harmanpreet Kaur as Its First-Ever Female Brand Ambassador

In a landmark announcement, Punjab National Bank (PNB) has appointed Harmanpreet Kaur, the captain of the Indian women's cricket team, as its first female brand ambassador. This move reflects the bank's expanding emphasis on women empowerment, brand modernisation, and customer engagement.
The declaration took place at PNB's corporate office in New Delhi, during a ceremony themed "Banking On Champions." Kaur was presented with a framed PNB jersey featuring her name and number, symbolising her induction into the bank's identity.

RBI MPC cuts repo rate by 25 bps to 5.25%, maintains neutral stance; revises GDP, inflation forec...

The RBI-led Monetary Policy Committee (MPC) concluded its three-day meeting and unanimously decided to cut the policy repo rate by 25 basis points to 5.25%, according to Governor Sanjay Malhotra.
Consequently, the standing deposit facility (SDF) rate was revised to 5% from 5.25%, while both the marginal standing facility (MSF) rate and the Bank Rate were revised down to 5.5% from 5.75%.
Explaining the rationale behind the rate cut, the RBI governor said, "The growth-inflation balance, especially the benign inflation outlook on both headline and core, continues to provide the policy space to support the growth momentum."

Dec 05, 2025

Flipkart appoints former Meta executive Dan Neary to board

Flipkart has named Dan Neary, a former senior executive at Meta, to its board of directors. Neary brings more than two decades of technology leadership and a global perspective to the e-commerce firm as it prepares for its next growth phase and anticipated IPO filing. He left Meta after helping steer growth across Asia‑Pacific, including expansion in Australia, Greater China, Southeast Asia, and other markets. His appointment signals Flipkart’s focus on stronger governance and strategic execution. Neary will advise on product, platform scale, and international partnerships while the company pursues its vision of deeper market penetration, customer trust, and innovation ahead of listing.

Dan Neary appointed to Flipkart board
Former Meta executive with APAC expansion experience
Board appointment ahead of planned IPO
Strengthens governance and growth strategy
Will advise on product, platform scale, and partnerships

Brendan Nelson appointed HSBC chairman, replacing Mark Tucker

HSBC Holdings has appointed Brendan Nelson as its new Chairman, marking a return to internal board leadership after the tenure of Mark Tucker. The announcement on December 3, 2025, confirms Nelson’s transition from interim Chairman, a role he assumed on October 1, to the full-time position. Nelson will guide HSBC’s strategic direction alongside CEO Georges Elhedery, with a focus on Asia, adapting to lower interest rates, and navigating geopolitical and financial changes. He joined HSBC’s board in September 2023 and has served as interim group chair since October 2025. He previously held senior roles at KPMG, including head of global banking.

Brendan Nelson named HSBC chairman
Succeeds Mark Tucker; previously interim chair
Focus on Asia and strategic growth

RBI approves Vikram Sahu as CEO of Bank of America in India

India's central bank, the Reserve Bank of India, has approved Vikram Sahu as chief executive officer of Bank of America in India, replacing Kaku Nakhate who led the unit for 15 years. Sahu has more than 25 years of experience in banking and finance, with education from St. Stephen's College, Delhi, and a master's degree from the United States. He previously held roles in Hong Kong, the United States, and Europe. In his new role, he will report to Jin Su, president of Asia Pacific at Bank of America. The appointment comes as the bank expands its Indian business amid a challenging macro backdrop.

RBI approves Vikram Sahu as Bank of America India CEO
Sahu replaces Kaku Nakhate after 15 years
Over 25 years in banking and finance
Education: St. Stephen's College, Delhi; master's in the US
Reports to Jin Su, APAC president

Dec 04, 2025

Investors Await RBI Policy Decision Amid Market Volatility

Mumbai, 2 December 2025: Markets are cautious as investors await the RBI's policy decision later this week. Traders expect guidance on inflation, currency management, and rate trajectory. The rupee weakened further against the dollar, while benchmark indices showed a mixed session. Analysts say the policy could influence foreign flows and risk appetite in the near term. In addition, global cues, including Fed signals, will shape market direction. Participants emphasise the importance of clear communication from the central bank to anchor expectations and support steady growth in the current accounting period.

Market caution ahead of RBI policy decision.
Rupee weakens; indices mixed.
Policy signals may affect inflation and currency path.
Global cues from U.S. Fed influence markets.
Need for clear central bank guidance to anchor expectations.

Markets Mixed as Rupee Slides; Investors Watch RBI Policy

Mumbai, 4 December 2025: Indian stock indices edged higher in late trading as IT shares rose, while the rupee hit fresh lows against the U.S. dollar. The broad trend reflected cautious trading ahead of an RBI policy decision. The Sensex rose modestly while the Nifty hovered near a quiet range. Foreign outflows persisted, and traders cited global cues and domestic inflation risks. Market participants expect a potential policy stance to guide currency stability and fiscal measures. Despite volatility, some sectors posted gains, signaling a nuanced but steady investment environment in India's equity markets.

IT stocks lift markets; rupee hits new low.
Investors await RBI policy decision.
Sensex and Nifty show mixed moves.
Foreign outflows continue; global cues influence behavior.
Policy outcome may affect currency and sectors.

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