General Awareness

BUSINESS AND ECONOMY - August 2025

Aug 2025

Nov 24, 2025

Sandip Pradhan Appointed as Whole-Time Member of SEBI

The Government of India appointed Sandip Pradhan as a Whole-Time Member of the Securities and Exchange Board of India (SEBI). His term will last three years from the date he assumes charge or until further orders, whichever is earlier. This appointment was notified by the Ministry of Finance under provisions of the SEBI Act, 1992.
Sandip Pradhan is a senior Indian Revenue Service (IRS) officer with a strong background in tax investigation and enforcement.

RBI Announces Interlinking of UPI with European Instant Payment System

In a significant move, the Reserve Bank of India (RBI) announced the interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem.
The proposed UPI-TIPS interlinkage aims to facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions.
Notably, the Reserve Bank of India has been actively pursuing interlinking of Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross border payments.

Government to Release New Series of National Accounts for GDP 2026

The Government of India will roll out a new series of national accounts on February 27, 2026, with fiscal year 2022–23 as the new base year, according to the Ministry of Statistics and Programme Implementation (MoSPI). This update is part of a regular revision cycle aimed at improving the accuracy, relevance, and timeliness of national economic data, which serves as a key input for economic planning, policymaking, and research.
National account statistics—used to compute Gross Domestic Product (GDP), Gross Value Added (GVA), and related indicators—are typically revised every few years to,
Reflect structural shifts in the economy
Incorporate new and updated data sources
Adopt refined methodologies in line with international standards
Adjust for changes in consumption patterns, production trends, and investment flows
The last major revision took place in 2015, when the base year was changed from 2004–05 to 2011–12. The upcoming revision will bring this up to date with post-pandemic economic realities and the rise of the digital and service economy.

Nov 23, 2025

Dell Names Anurag Arora as Senior Director, GM for India Consumer Business

Dell Technologies announced the appointment of Anurag Arora as senior director and General Manager, consumer sales for the India market.
Arora will drive business growth, sales and strategy for the consumer segment across the India market.
He brings 28 years of experience with brands across sales, product management, channel distribution, large format retail, e-commerce and brand websites.
Arora joined Dell Technologies in July 2020, and has since played a key role in shaping strategies for the India consumer business, including Dell.com and retail channels.

Nov 22, 2025

Delhi's Khan Market 24th most Expensive Global Retail Spot

Delhi's upscale Khan Market rank slipped one notch to 24^th in a global list of the most expensive high-street retail locations, with an annual rent of $223 per sq ft, according to Cushman & Wakefield.
Nevertheless, Khan Market remains India's most expensive high street.
As per the Cushman & Wakefield report released, London's New Bond Street became the world's most expensive retail destination, with an annual rent of $2,231 per square foot per year.
Via Monte Napoleone in Milan, Italy, lost its top position and became the 2nd most expensive main street globally with an annual rent of $2,179 per sq ft.
New York's Upper 5th Avenue (49th to 60th Sts) was at third position with an annual rent of $2,000 per sq ft, compared to rank 2nd in the last year's (2025) list.
Global real estate consultant Cushman & Wakefield released its flagship retail report 'Main Streets Across The World 2025' that focuses on headline rents in 138 best-in-class urban retail locations globally.

Ashok Leyland Partners with FAMCO Qatar to Boost Presence in Gulf Markets

Commercial vehicle maker Ashok Leyland partnered with Qatar-based Al-Futtaim Group's firm FAMCO Qatar to strengthen presence in the country off the Persian Gulf as part of its overseas expansion plans.
The move builds on Ashok Leyland's expansion into Saudi Arabia with FAMCO KSA last year (2024), reinforcing the strong strategic alliance between Al-Futtaim and Ashok Leyland.
Through its partnership with FAMCO Qatar, Ashok Leyland will introduce its full commercial vehicle range, including the new electric bus, tailored to the needs of local businesses and communities.

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.

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