General Awareness

BUSINESS AND ECONOMY - August 2024

Aug 2024

Apr 29, 2025

IEPFA Signs MoU with Kotak Mahindra Bank to Enhance Investor Education through Digital Outreach

In a move to enhance investor education and protection, the Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, Government of India, signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Limited (KMBL). This strategic partnership aims to amplify the dissemination of critical investor awareness messages through Kotak Mahindra Bank's extensive physical and digital network across the country.
The collaboration will see IEPFA's curated investor education content being prominently featured on Kotak Mahindra Bank's ATMs, kiosks, websites, mobile apps and social media platforms. Digital banners, short films, and educational videos produced by IEPFA will be showcased to raise awareness on responsible investing, financial fraud prevention, and the protection of investor's rights.

IndusInd Bank's Deputy CEO Arun Khurana Resigns

Arun Khurana, deputy Chief Executive Officer of IndusInd Bank, resigned with immediate effect, taking responsibility for the loss incurred by the bank due to accounting lapses that led to close to Rs. 2,000 crore of loss.
Khurana joined the bank in November 2021 as head of the Global Markets Group. He was earlier with the Royal Bank of Scotland (RBS), Singapore, as the regional head of corporate solutions for the Asia Pacific region.

Apr 28, 2025

Anant Ambani Appointed Executive Director of Reliance Industries Ltd

The board of Reliance Industries Ltd (RIL) approved the appointment of Anant Ambani as the Executive Director of the company for a term of five years. This marks a major step in the generational leadership transition within the conglomerate, making Anant the first among the Ambani siblings to assume an executive role in the parent company.
In August 2023, Anant, along with his siblings Isha Ambani and Akash Ambani, was appointed as non-executive directors.
These appointments were approved by shareholders in October 2023.

Apr 27, 2025

RBI's Directive to Banks on Migration to '.bank.in' Domain

In a move aimed at enhancing the security of digital banking and combating growing cybersecurity threats, the Reserve Bank of India (RBI) has mandated all banks to transition their existing web domains to the new '.bank.in' domain by October 31, 2025. This directive came in response to the increasing number of frauds in digital payment systems and aims to create a more secure and trusted online banking environment. By adopting this exclusive domain, banks will be able to mitigate cybersecurity risks, such as phishing attacks, and ensure the safety of digital transactions. The RBI has entrusted the Institute for Development and Research in Banking Technology (IDRBT) as the registrar for the new domain, which will be managed under the Ministry of Electronics and Information Technology (MeitY).

Apr 26, 2025

Stacie Sire Appointed as Vice President and Managing Director of Boeing (BIETC)

Global aerospace and defense major Boeing appointed Stacie Sire as the new Vice President and Managing Director (VP & MD) of the Boeing India Engineering & Technology Center (BIETC). In addition, she will also serve as the Chief Engineer for Boeing India. Sire, a Boeing veteran with 28 years of experience, took over from Ahmed Elsherbini, who led the position from April 2021 to January 2025. With extensive experience across aircraft programs such as the 787, 767, and 777, Sire brings a strong leadership and engineering background to her new role, which is critical for Boeing's long-term strategy and growth in India.

Apr 25, 2025

IndiGo Names Ex-FAA Administrator Michael Whitaker as Independent Director

InterGlobe Aviation, the parent of the country's largest airline IndiGo, announced the appointment of former administrator US Federal Aviation Administration (FAA) and pilot Michael Whitaker as an Independent Director.
Whitaker's appointment is subject to regulatory and shareholders' approvals.

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