General Awareness

BUSINESS AND ECONOMY - October 2024

Oct 2024

Nov 21, 2025

CAG to Establish Centre of Excellence for Financial Audit in Hyderabad

The Comptroller and Auditor General of India announced the creation of a Centre of Excellence for Financial Audit in Hyderabad. The initiative aims to modernise public auditing through advanced technology, global best practices and strengthened analytical capabilities.
The new centre will serve as a national platform for research, training and professional development in financial auditing. It is designed to support the transition towards technology-led audit frameworks, ensuring consistent, high-quality methodologies across audit offices. Officials emphasise that the institution is intended to reinforce fiscal accountability and transparency in public finance.

Nov 20, 2025

Tesla's First India Centre to Open in Gurugram

Electric car-maker Tesla is set to bolster its India presence with the opening of its first full-fledged centre in Gurugram this month (November 2025), marking a key milestone in its bid to expand volumes and retail visibility in a market dominated by European luxury EV makers.
The move came at a time when the US carmaker is facing stiff headwinds globally, from slowing demand in China to cautious investors back home, pushing India higher on its strategic priority list. The Gurugram centre follows the launch of experience centres in Mumbai and Delhi earlier this year.

HDFC Bank Tops India's Brand Value Rankings for 2025

Financial services giant HDFC Bank, carrying a brand value of $44.9 billion, surged past IT consulting behemoth Tata Consultancy Services (TCS) and reclaimed its crown as the country's most valued brand, according to the 2025 Kantar BrandZ Most Valuable Indian Brands report.
HDFC Bank had held the lead from 2014 until TCS moved past it in 2022.
According to the report, India's top 100 most valuable brands together are now worth $523.5 billion, or around 13 per cent of the country's GDP.

Nov 19, 2025

PayU Gets RBI Approval to Operate as Full-Scale Payment Aggregator

PayU, a diversified fintech platform, received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator across online, offline and cross-border transactions, including both inward and outward, under the Payment and Settlement Systems (PSS) Act.
This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants across channels.

Nov 18, 2025

India Signs First Long-term US LPG Import Deal

In a major step towards strengthening India's energy security, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that Indian public sector oil companies, for the first time, signed a one-year deal to import liquefied petroleum gas (LPG) from the United States.
Highlighting India's position as one of the largest and the fastest-growing LPG markets in the world, Puri said that the new agreement marks a significant milestone in the country's efforts to diversify its LPG sourcing.

RBI Approves Appointment of S. Krishnan as Chairman of J&K Bank

S. Krishnan, a seasoned banking professional, was appointed as the part-time chairman of Jammu and Kashmir Bank (J&K Bank). The Reserve Bank of India (RBI) approved his appointment, which officially came into effect in November 2025, and will continue till March 26, 2028.
S. Krishnan is a veteran banker with decades of experience in public sector banking. He previously held leadership roles, including,
Managing Director & CEO of Punjab & Sind Bank and MD & CEO of Tamilnad Mercantile Bank.

Nov 17, 2025

Govt. Approves 17 Projects under Electronics Component Manufacturing Scheme

The government approved 17 projects entailing about Rs. 7,172 crore investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs. 65,111 crore cumulatively.
The 17 projects greenlit now in the second tranche, bring total projects under the scheme to 24.
The players included Jabil Circuit India, Aequs Consumer Products, Uno Minda, ASUX Safety Components India, Zetfab India, TE Connectivity India, and Meena Electrotech, among others.
The categories include camera module, connectors, multi-layer PCB, oscillators, enclosures among others and are spread across nine states.

India Imposes Five-Year Anti-Dumping Duty on Vietnamese Steel

India imposed an anti-dumping duty of USD 121.55 per tonne on imports of hot rolled flat steel products from Vietnam for five years.
The move is aimed at protecting domestic manufacturers from cheap imports.
According to a notification by the finance ministry, the imposition of the duty was recommended by the Directorate General of Trade Remedies (DGTR).

Govt Unveils Rs. 1,500 Crore Projects to Modernise New Mangalore Port

The Central Government announced a significant investment of ₹1,500 crore for the modernisation of the New Mangalore Port in Karnataka. The announcement was made by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal during the Golden Jubilee celebrations of the New Mangalore Port Authority (NMPA) held in Mangaluru. As part of the launch, a total of 20 development projects were unveiled to upgrade infrastructure, increase capacity, and integrate advanced digital technologies, aligning with the larger national vision of "Viksit Bharat".

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