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BUSINESS AND ECONOMY - July 2022

Jul 2022

Sep 13, 2025

Srinivas Injeti Appointed Chairperson of NSE Governing Board with SEBI Approval

In 2025, a significant development for India's financial regulatory landscape, retired IAS officer Srinivas Injeti appointed as the Chairperson of the Governing Board of the National Stock Exchange (NSE).
The appointment, cleared by the Securities and Exchange Board of India (SEBI), underscored a strategic move to further strengthen governance and oversight in one of Asia's largest stock exchanges.
Srinivas Injeti, a 1983-batch Indian Administrative Service (IAS) officer, brought with him over four decades of experience across financial services, corporate governance, regulatory reform, and international diplomacy.
He is widely recognised for his tenure as Secretary, Ministry of Corporate Affairs, during which he led landmark reforms in company law, insolvency mechanisms, and corporate governance frameworks.
One of his most influential contributions was spearheading the implementation of the Insolvency and Bankruptcy Code (IBC), which transformed the way distressed companies were handled in India.

Sep 12, 2025

PhonePe Partners with SIDBI, MSME Ministry to Increase Small Business Formalisation and Provide C...

In September 2025, PhonePe tied up with the Ministry of Micro, Small and Medium Enterprises (MSMEs), and the Small Industries Development Bank of India, to register more small merchants with the Udyam facility, and thereby open up more avenues for credit and availing government schemes.
Udyan is a platform by the government to formalise more MSMEs, and SIDBI has already worked on an "assist platform" to make it easier for merchants to register for an Udyam number.

Tata Power, Tata Passenger Electric Mobility Unveil TATA.ev MegaCharger Hub

Tata Power Company Ltd. (Tata Power) in association with Tata Passenger Electric Mobility Ltd., India's largest 4-wheeler EV manufacturer inaugurated Mumbai's first premium, large-scale EV charging hub under the TATA.ev MegaCharger initiative.
Strategically located near Terminal 2 of the Chhatrapati Shivaji Maharaj International Airport in the premises of The Leela Mumbai Hotel, the TATA.ev MegaCharger hub designed to serve the city's diverse mix of EV users — from private car owners to taxis, ride-hailing fleets, and logistics operators.

Meta, TikTok Win Challenge Against EU Tech Fees

Meta Platforms and TikTok won their legal fight against a European Union supervisory fee imposed on them under landmark tech rules, after Europe's second-highest court faulted EU regulators on the way they calculated the levy.
Meta and ByteDance's TikTok sued the European Commission after they were hit with a supervisory fee of 0.05% of their annual worldwide net income to cover the EU executive's cost of monitoring their compliance with the Digital Services Act.

Sep 11, 2025

Axis Max Life Insurance Partners with India Post Payments Bank to Drive Life Insurance Penetratio...

Axis Max Life Insurance Limited and India Post Payments Bank ("IPPB") announced a strategic partnership aimed at delivering affordable life insurance solutions beyond Tier 1 into emerging regional markets across rural India.
This partnership leverages IPPunjab's robust network of 650 banking outlets and over 1.64 lakh access points through Post Offices to deliver a comprehensive suite of need-based life insurance solutions to customers across Tier 3, Tier 4 and rural markets.
This also aligns with the government's financial inclusion objectives and supporting the IRDAI's vision of achieving 'Insurance for All by 2047'.
Making life insurance more accessible and convenient, Axis Max Life will offer a range of tailored products, including its flagship Smart Wealth Advantage Guarantee Plan (SWAG), Smart Vibe Plan, and various Term Insurance Plans.
These products are designed to meet diverse financial needs, from instant income and whole-life income options to essential protection and contemporary savings linked solutions for younger customers.

Vadilal Appoints Himanshu Kanwar as First Non-family CEO

Vadilal Industries appointed Himanshu Kanwar as its Chief Executive Officer. His five-year tenure marks a new chapter for the frozen dessert maker, which recently emerged from a long-standing family feud.
Kanwar became the first non-family CEO of Vadilal, underscoring the company's push towards professional leadership and market expansion.
A seasoned consumer business leader, Kanwar brings over two decades of FMCG experience with companies like Hindustan Unilever and growth-stage startups. At HUL, he drove innovations and acquisitions in the ice cream portfolio and later led the South Asia Haircare business as Global Brand Director.
Most recently, as General Manager at XTO10X, he mentored high-growth ventures across beauty, food, fintech, and OTT, helping founders scale digital-first strategies.
With his blend of traditional brand-building expertise and new-age digital fluency, Kanwar is expected to drive innovation and unlock sustainable value creation at Vadilal.

Sep 10, 2025

Harshavardhan Chitale Named Hero MotoCorp CEO from Jan 2026

Hero MotoCorp, India's top two-wheeler manufacturer, appointed Harshavardhan Chitale as its new Chief Executive Officer, effective from January 5, 2026. This key leadership move is expected to accelerate the company's journey into electric mobility, digital transformation, and premium product segments.
This announcement came after the resignation of Niranjan Gupta as CEO in April 2025. Since then, Vikram Kasbekar, also the company's Chief Technology Officer (CTO), has been serving as Acting CEO. Kasbekar will continue in his CTO role and assist with a smooth leadership transition until Chitale officially takes over.
Chitale is an IIT Delhi alumnus, honoured with the Director's Gold Medal, reflecting his academic excellence and leadership potential early on.

Enrich Money Becomes India's First Stock Broker to Launch Rs. 10 SIP's on ONDC - Enabled ORCA App

Bengaluru, September 2025, Enrich Money, a SEBI-registered online trading and wealth-tech platform, became the first distributor in India to launch mutual fund SIPs starting at just Rs. 10 on its ORCA App. Powered by the Open Network for Digital Commerce (ONDC), this pioneering initiative brings mutual fund investing within reach of millions, especially in Tier-2/Tier-3 cities and among first-time investors.
The ONDC Network aims to reshape mutual fund distribution by enabling seamless connectivity between Asset Management Companies (AMCs) and mutual fund distributors. ONDC Integration ensures seamless, secure, and cost-effective access to mutual funds across platforms, aligning with SEBI's standards for transparency, interoperability and investor convenience.

Sep 09, 2025

India and Israel Sign Bilateral Investment

India and Israel signed a landmark Bilateral Investment Agreement (BIA) that is expected to boost reciprocal investments and strengthen trade ties between the two countries. The agreement was inked by India's Finance Minister Nirmala Sitharaman and Israel's Finance Minister Bezalel Smotrich.
The treaty was signed during Smotrich's three-day visit to India.
A Bilateral Investment Treaty (BIT) is a reciprocal agreement between two nations aimed at promoting and protecting foreign investors of one country in the other. It guarantees protection under a legal framework and ensures fair and equitable treatment, protection from expropriation, and free transfer of funds.

HCLTech Names Ex-G20 Sherpa Amitabh Kant as Independent Director

HCL Technologies appointed former G20 Sherpa Amitabh Kant as an Independent Director for a term of five years.
Amitabh Kant's five-year term will expire on September 7, 2030. His appointment was recommended by the firm's Nomination & Remuneration Committee.
Kant, a former IAS officer of the 1980 Kerala cadre batch, is known for his role in several key national initiatives, including 'Make in India', 'Start-up India', and the 'Incredible India' tourism campaign. He most recently served as India's G20 Sherpa during the country's presidency of the grouping.

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