General Awareness

BUSINESS AND ECONOMY - August 2025

Aug 2025

Oct 03, 2025

World Green Economy Summit 2025 Attracts 16 Local, Regional, International Sponsors

The 11^th edition of the World Green Economy Summit (WGES), held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, was sponsored and supported by 16 local, regional and global organisations.
This year's theme, 'Innovating for Impact: Accelerating the Future of the Green Economy', emphasises Dubai's role as a leading global centre in supporting climate action and advancing the transition towards a more resilient and inclusive low-carbon economic model.
Organised by the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO), WGES at the Dubai World Trade Centre.

RBI Constitutes Payments Regulatory Board Headed by Governor

The Reserve Bank of India (RBI), in 2025, constituted the Payments Regulatory Board and appointed six-members to this board led by RBI Governor as Chairman.
The Board is responsible for the regulation and supervision of all payment systems including electronic and non-electronic, domestic and cross-border systems.

Made in India Airbus H125 Helicopter from Tata Advanced Systems Limited

The Tata Group, in partnership with Airbus, is launching India's first private-sector helicopter Final Assembly Line (FAL) at Vemagal in Karnataka to produce the Airbus H125 helicopter. This initiative marks a significant milestone for India's aerospace industry, as the facility will assemble, test, and deliver both civil and military versions of the H125.
Addressing requirements for domestic as well as South Asian export markets. The made-in-India helicopters are expected to be delivered starting in early 2027. This project will not only strengthen India's credentials as a global aviation hub but also support the development of local civil and defence aviation capabilities.

The Government Appointed Kalyan Kumar as Head of Central Bank of India

The government appointed Kalyan Kumar as head of Central Bank of India for a period of three years.
The Appointments Committee of the Cabinet headed by the Prime Minister approved the appointment.
Kumar, currently Executive Director of Punjab National Bank (PNB), succeeded M V Rao as MD and CEO of Central Bank of India after his superannuation in July.
CBoI too was headless after Matam Venkat Rao superannuated as MD & CEO on July 31, 2025.

Oct 02, 2025

Capgemini Appoints Sanjay Chalke as India CEO, Yardi to Retire in 2026

Paris-headquartered IT services and consulting firm Capgemini, in 2025, announced leadership changes at its India centre. The company said that Sanjay Chalke has been appointed chief executive officer (CEO) of Capgemini India from January 1, 2026, and will also join the Group Executive Committee. Chalke is currently the chief operating officer (COO) of the firm.

RBI Launches One-Year Scheme to Facilitate Payout of Inoperative Accounts and Unclaimed Deposits

The Reserve Bank of India announced a scheme for "Facilitating Accelerated Payout – Inoperative Accounts and Unclaimed Deposits'. The one-year tenure scheme is started on October 1, 2025, and will end on September 30, 2026. This has encouraged the public to activate their inactive accounts and claim their unclaimed deposits from the banks.
Similarly, through this scheme, the RBI decided to encourage the banks to actively pursue customers/ depositors for reactivation of their inoperative accounts and return of their unclaimed amounts lying with the Depositor Education and Awareness Fund. The Scheme aims to reduce both the stock of existing unclaimed deposits and the fresh accretion of flows to the DEA Fund.

Optiemus Enters into JV with Ordinary Theory 'to Create Smart Enterprise Hardware Solutions'

Noida-based telecommunications and manufacturing group, Optiemus Infracom, in September 2025, entered into a joint venture (JV) with the US-based Ordinary Theory LLC. The venture will focus on creating smart enterprise hardware solutions spanning payments, retail, logistics, and artificial intelligence (AI).
Built on a shared vision of innovation and technological leadership, the JV will play a pivotal role in advancing India's electronics manufacturing ecosystem and reinforcing the government's Make in India initiative, the company said adding that Optiemus will own a majority stake in the JV.
Ordinary Theory is a leading global design house renowned for its expertise in fintech, logistics, retail, and AI solutions.

Indian Railways Launches First Assured Transit Time Container Train Between Delhi and Kolkata

Indian Railways launched its first assured transit time container train service on a pilot basis between Delhi and Kolkata, in October. The service will operate from ICD Tughlakabad Terminal, Delhi, to the CTCS Kolkata via Agra and Kanpur terminals of Container Corporation of India Limited- CONCOR. This special service is designed to ensure a guaranteed transit time of 120 hours, marking a significant milestone in the logistics sector.
Indian Railways, in a statement, said it will operate on a bi-weekly schedule, departing every Wednesday and Saturday. This pilot project is expected to provide multiple advantages to customers, including assured and reliable delivery for time-sensitive cargo, a competitive alternative to road transport and priority benefits for early adopters. It also contributes to sustainability by promoting a modal shift from road to rail, reducing the carbon footprint, and supporting India's commitment to green logistics.
Through this initiative, Indian Railways and CONCOR reaffirm their focus on customer-centric, reliable, and sustainable logistics solutions. The launch of this assured transit train service represents a transformative step towards a more efficient and environmentally responsible supply chain ecosystem.

Oct 01, 2025

Asheesh Pandey Named as MD of Union Bank

The government, in 2025, appointed Asheesh Pandey as managing director (MD) and CEO of Union Bank of India for a period of three years.
The Appointments Committee of the Cabinet headed by the Prime Minister approved the appointment for an initial period of three years.
Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years with effect from date of assumption of charge of the office.
UBI has been headless since A Manimekhalai, MD & CEO, completed her tenure on June 02, 2025.

RITES Signs MoU With Etihad Rail to Boost Mobility Collaboration

RITES Limited, India's leading transport infrastructure consultancy and engineering firm, signed a memorandum of understanding with Etihad Rail to strengthen business collaboration in the mobility sector across the UAE and international markets. The agreement was formalised at the Global Rail Transport Infrastructure Exhibition and Conference in Abu Dhabi, running from September 30 to October 2, 2025.
The MoU was signed by Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Director of RITES Limited, in the presence of SheikhTheyab Bin Mohammed Bin Zayed Al-Nahyan Chairman of Etihad Rail and Sunjay Sudhir, Ambassador of India to the UAE. Under this partnership, RITES will collaborate with National Infrastructure Construction Company (NICC) LLC, a its subsidiary of Etihad Rail, to explore business opportunities in the region and beyond.
The collaboration aims to combine RITES' five decades of expertise in consultancy, transport infrastructure, and engineering solutions with NICC's execution capabilities, creating synergies for developing infrastructure projects across the region. This partnership strengthens RITES' international presence under its strategic initiative 'RITES Videsh' and reinforces the company's commitment to shaping infrastructure that transforms lives.

Bollywood Badshah Shah Rukh Khan Enters Billionaire Club With Rs. 12,490 cr

Bollywood superstar Shah Rukh Khan (59) joined the billionaire club, marking a historic milestone for India's entertainment industry. According to the 2025 M3M Hurun India Rich List, Shah Rukh Khan & family top the list of film industry moguls with a net worth of Rs. 12,490 crore.
His wealth is largely powered by the diversified ventures of Red Chillies Entertainment, which includes film production, visual effects, digital content, and licensing of iconic film properties. Over the decades, SRK has transitioned from a charismatic actor to a shrewd entrepreneur, turning his brand into a multi-faceted empire that spans cinema, sports, and lifestyle businesses.

Conscient Infrastructure Appoints Rishi Raj as Chief Executive Officer

Real estate developer Conscient Infrastructure Private Limited (CIPL) appointed Rishi Raj as Chief Executive Officer.
Raj will lead Conscient's expansion across residential, commercial, and mixed-use real estate development.
Earlier, Raj worked within the Max Group and at McKinsey & Company. He has over 25 years of varied leadership experience, including research, consulting, business-building and corporate strategy

Jindal Power Gets CCI Nod to Acquire Debt-ridden Jaiprakash Associates

Fair trade regulator CCI, in September 2025, has given in-principle approval to Naveen Jindal-led Jindal Power's proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding.
Apart from Jindal Power, the proposals of PNC Infratech, Adani Group and Dalmia Bharat for JAL acquisition have been cleared by the regulator.
Following a recent ruling by the Supreme Court related to interpreting provisions of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned.

Sep 30, 2025

Bank of Baroda, IIFL Finance Enters Into Co-lending Partnership

Bank of Baroda (BoB) and IIFL Finance, in September 2025, entered into a co-lending partnership to offer gold loans. The loans will primarily target underserved and unbanked customer segments across semi-urban and rural India.
The collaboration aims to provide small borrowers with faster, easier, and more affordable credit for agricultural and allied activities, per a joint BoB and IIFL statement.
Under this agreement and in line with the Reserve Bank of India's guidelines on co-lending, IIFL Finance will originate and service the gold loans, while BoB will participate in the funding, with joint underwriting , enabling a seamless and scalable credit delivery mechanism.

Department of Posts and Indian Institute of Packaging Signs Strategic MoU to Advance Sustainable ...

In a significant step towards promoting sustainable packaging practices and enhancing postal service efficiency, the Parcel Directorate, Department of Posts (DoP), Ministry of Communications, Government of India, in September 2025, signed a comprehensive Memorandum of Understanding (MoU) with the Indian Institute of Packaging (IIP), an autonomous body under the Ministry of Commerce and Industry.
The MoU was signed by Dr. Sudhir Jakhere, IPoS, APMG(BD & Mktg.), Department of Posts, and Dr. Babu Rao Guduri, Addl. Director, Indian Institute of Packaging, Mumbai at O/o Chief Postmaster General, Maharashtra Circle, Mumbai.
The partnership focuses on developing innovative and sustainable packaging solutions across multiple domains. Under the agreement, IIP will provide comprehensive packaging solutions, which include:
Delivering expert packaging solutions to elevate India Post's parcel services, focusing on sustainable alternatives to current materials like corrugated boxes and cloth wraps. Development of airworthy packaging for liquids and similar items, alongside eco-friendly, cost-efficient, durable, shockproof, lightweight, customizable, and scalable materials.

Sep 29, 2025

Shailesh Chandra Appointed as MD & CEO of Tata Motors

Tata Motors appointed Shailesh Chandra as its Managing Director and CEO, effective October 1, 2025. His tenure will span three years, ending on September 30, 2028. Chandra will continue to serve as MD of Tata Passenger Electric Mobility Ltd. (TPEM), signaling the group's strong focus on its fast-growing electric vehicle business.
This transition came at a time when Tata Motors is undergoing a significant corporate demerger, aiming to create two distinct listed entities — one for commercial vehicles and another for passenger and electric vehicles, including Jaguar Land Rover (JLR).
Shailesh Chandra, who joined Tata Motors in 2016, has played a pivotal role in steering its electric mobility strategy.
Under his leadership, Tata's electric vehicle lineup gained significant market traction, with TPEM emerging as a segment leader.
His elevation to MD & CEO of Tata Motors reflects the company's confidence in his vision to integrate passenger vehicles and EVs into a unified growth narrative.

Wheels India Signs Technical Agreement with South Korean Firm for Hydraulics Cylinder Business

Wheels India, in September 2025, signed a significant technical agreement with SHPAC, a leading hydraulics cylinder manufacturer in South Korea whereby there will be a technology transfer in manufacturing. Wheels India identified hydraulic cylinders as one of the strategic growth areas and this pact is expected to drive its growth further in this segment.
SHPAC is a leading manufacturer of hydraulic cylinders in South Korea with a successful track record over the last few decades in this business exporting their products worldwide. Our technical technology transfer agreement with them is expected to create new growth opportunities for Wheels India in the global hydraulic cylinder industry and we expect this to give a fillip to our drive to grow this business over the next few years.

Shirish Chandra Murmu Appointed as RBI Deputy Governor

The government appointed Shirish Chandra Murmu as a deputy governor of the Reserve Bank of India, according to a government notice.
Murmu's appointment will take effect from October 9 for a period of three years.

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