BANKING & FINANCIAL CA IN MAY 2024

APPOINTMENTS - 

* Aviv Kumar Roy Has Been Appointed As The MD & CEO Of Exide Industries.

* Mold Tech Appoints Donti Reddy Sarveswar Reddy As Its CFO.

* Kamlesh Bhadani Has Been Appointed As The MD Of Suzlon Energy.

* Raul Reballo Has Been Assumed As The MD & CEO Of Mahindra Finance.

*  Ambareesh Mandelia Has Been Appointed As Head Of M & A And Business Development At Bharti Airtel. 

* Vipul Mathur Has Been Appointed As The Executive Director Of HUL.

* Atanu Chakroborthy Has Been Reappoint As The Part Time Chairman Of HDFC Bank For Next 3 Years.

* Nik Jhangiani Has Been Appointed As The New CFO Of Diageo.

* Sanjeev Nautiyal Has Been Appointed As The MD & CEO Of UJJIVAN SMALL FINANCE BANK.

* Varun Sridhar Has Been Appointed As The New CEO Of Paytm Service Limited.

* Rakesh Singh Has Become The New CEO Of Paytm Money.

* Sushil Kumar Sharma Has Assumed As CMD Of SJVN Limited. 

* Gautam Singhania Has Been Appointed As The MD Of Raymond.

* Sanjay Panicker Has Been Appointed As The Executive Director Of IDBI Bank.

* Jayesh Shah Has Been Re- Appointed As The Director And Group CFO Of Arvind From October 2024.

* Susheel Kaul Has Been Appointed As The Md And President Of Arvind Textiles.

* Daya Shankar Patel Has Been Appointed As The CFO Of Bajaj Health Care.

* Reshu Madan Has Been Appointed As The CEO Of Sterlite Power ( Global Products And Service Business)

* Nitin Agarwal Has Been Appointed As The. CEO Of Welspun Corp (Steel Business).

* M V Narasimham Will Take Charge As CFO Of Dr Reddy's From 1st August 2024.

* VISA Appoints Sujai Raina As India Country Manager.

* Hrushit Shah Has Been Appointed As The CFO Of Westlife Food World.

*  Keki M Mistry Has Been Appointed As The Chairman Of The Board Of HDFC Life Insurance.

*  Surya Prakash Kanodiya Has Been Appointed As The CFO Nucleus Software.

* R Shankar Raman Has Been Appointed As The President, Whole Time Director And CFO Of L & T.

* Bharat Puri Has Been Appointed As The Additional Independent Director Of Tata Motors For Next Five Years From 15th May 2024.

* Wipro Appoints Vinay Firake As CEO For APMEA Strategic Market Unit.

* R Lakshmi Kanth Rao Has Been Appointed As The Executive Chairman Of RBI.

* Nisha Dutta Has Been Appointed As MD & CEO Of SUBEX For Next 3 Years. 

* Dileep Sanghani Has Been Elected As The Chairman Of IFFCO.

* Zomato Appoints Deloitte As Blinkit Hyperpure Auditor. 

*  Rajesh Chawla Has Been Appointed As The CFO Of Varun Beverages.

*  Ashok Kumar Tyagi Has Been Appointed As The CFO Of DLF 

* N Chandrasekhran, Has Been Given Additional Role As Chairman Of Tata Electronics. 

* Pooja Bajaj Has Been Appointed As The Executive Director Of Bajaj Electricals.

* Harsh Baweja Has Been Appointed As The Director (Finance) At REC LIMITED.

*  IRDAI Approved Appointments Of Rajesh Jha As Chairperson Of ICICI Lombard GIC For 5 Years. 

* Executive Director Sandeep Kumar Has Been Appointed As CFO Of Power Finance Corporation.

* Raghavpat Singhania Has Been Reappointed As The MD ,Of JK Cement For 5 Years.

*  Madhav Krishna Singhania Has Been Reappointed As Joint MD & CEO Of JK Cement For 5 Years.

*  Sandeep Daga Has Been Appointed As The CFO of Medi Assist Health Care.

* Apurva Sahijwani Has Been Appointed As The New CEO Of Avendus Group. 

* Instagram Co Founder Mike Krieger Join As first CPO Of AI Firm Anthropic. 

* Pradeep Natarajan Has Been Appointed As The Whole Time Director Of IDFC First Bank.

* * Sanjeev Jain Has Been Appointed As The COO Of Wipro.

* Kailash B Gupta Has Been Appointed As The CFO Of Phoenix Mills.

*  Sanjiv Puri Has Been Assumed As The President Of CII.

* Venketeswaran Krishna Murthy Has Been Appointed As Chief Revenue Officer Of Secure Cloud.

* Shilpa Urhekar Has Been Appointed As CEO Of Solar EPC ( India) 

* GR Arun Kumar Has Been Appointed As Group CFO Of Welspun World. 

*  John Slaven Has Been Appointed As The Vice President of The International Aluminium Institute.

* Surbhi Garg Has Been Reappointed As The Executive Director Of Action Construction. 

* Saloma Yomdo Has Been Given Charge As Next Director, Exploration And Development Of Oil India Limited (OIL) 

* Rushabh Gandhi Has Been Appointed As The MD & CEO Of India First Life Insurance. 

*  Sanjay Sharma Has Been Appointed As The Chief Financial Officer (CFO) Of Air INDIA.

* Pradeep Kumar Sinha Has Been Appointed As The Part Time Chairman Of ICICI BANK.

* Ajay Kumar Sharma Has Been Recommend For The Post Of Director (Personnel) Of Sjvn Limited.

*  Nykaa Board Appoints Santosh Desai As Independent Director.

* Prathap Reddy Has Been Reappointed As Executive Chairman Of Apollo Hospital For Next 2 Years.

* Ravindra Singh Negi Has Been Appointed As The New Managing Director Of Orient Electric.

* Sandeep Batra Has Been Appointed As The Chairman Of ICICI Prudential Life.

MERGING - 

* NCLT Approved The Merger Of Mahindra Heavy Engines And Trringo.com (Two Wheeler) 

* Pirmal Enterprises Board Approves Merger Of Pirmal Enterprises With Subsidiary Pirmal Capital And Housing Finance. 

RESIGNED - 

* Bhavesh Gupta, President And COO Of Paytm Resigned.

* Mihir Nanavati Has Resigned CFO From Nuvuma Wealth.

*  Melinda French Gates Steps Down As Co Chair Of Bill And Melinda Gates Foundation.

* Open AI Co Founder llya Sutskever Quit The Company.

* Ola Mobility CFO Kartik Gupta Has Steps Down.

* Amit Choudhary Has Resigned From COO Of Wipro.

PERSON PASSED AWAY - 

* Former Chairman Of EXIM Bank Yadhuvendra Mathur passed Away.

* Former Executive Vice Chairman Of Tech Mahindra Vineet Nayyar Passes Away.

* Manjjushree Khaitan (65), Chairperson Of Kesoram Industries Passed Away. 

*  Narayanan Vaghul, Former Chairman Of ICICI Bank Passed Away.

* 

LAUNCHED - 

*  Razor Pay In Collaboration With Airtel Payment Bank Has Launched UPI SWITCH.

*  Google Launched GOOGLE WALLET App For Android  In India.

* Zomato Launched India's First Crowd Supported Weather Infrastructure ( Website - Weatherunion,com) 

* TCS Has Unveiled It's Global AI Center Of Excellence In France.

* HDFC Bank Launched Its First Indian Virtual Credit Card With VISA. 

*  Poonawalla Fincorp Has Launched Co-Branded Indusland Bank Poonawalla Fincorp eLiTE Rupay Platinum Credit Card.

* RBI Governor Shri Shaktikanta Das Launched The PRAVAAH Portal, The Retail Direct Mobile App, And A Fintech Repository.

* Jio Financial Service Limited Launched Their Jio Finance Application.

* REC Limited, a Maharatna Company Has Get NOC From RBI For Setting Up A wholly owned Subsidiary In International Financial Services Center ( IFSC) At Gujarat International Finance Tec City ( GIFT). 

FINANCE - 

* India Government Has Collected Rs 2.10 Lakh Crores GST In APRIL 2024.

* OCED ( Organisation For Economic Co-operation And Development) Raised India's GDP FOR FY-  2024/25 6.6%. 

* REC Limited Has Earned Profit Of Rs 14.145 Crores in Financial Year 2024.

*  ICICI Bank Has Enabled Instant Payment Facility UPI For NRI Customers In India Through Their International Numbers.

* India Becomes The First Country To Receive Over $111  Billion Remittance According To UN.

* IIT MADRAS Secured Record Breaking Funding Of Rs 513 Crores In Financial Year 2023/24.

* India Exports To 115 Countries In Financial Year  2023/24.

* India Registered Record $ 27.8 Billion Pharma Exports In 2024.

* India's Forex Reserves Rise USD 3.7 Billion In First Week Of May 2024. 

* China Has Emerged As The Largest Trading Partner Of India With $ 118.4 billion. 

* State Bank Of India (SBI) Has Become The Trading Member Of IIBX.

( IIBX - India International Bullion Exchange) 

* The Retail Inflation Reached To 4.83% in April 2024.

* India's Merchandise Trade Deficit Increases To 19.1 Billion In April 2024.

* Bharat Electronics Limited (BEL) Has Achieved Growth Of 14.35% in Financial Year 2023/24 Received A Turn over Of 19,819.33 Crores.

* * LIC Overtakes SBI As The Most Valuable PSU Firm In The Market Valuation. 

* India's Stock Market Hits $ 5 Trillion Milestone For The First Time. 

*  Mahindra And Mahindra Gets Certificate Of Registration From IRDAI To Act As A Corporate Agent.

* Reserve Bank Of India (RBI) Has Announce Highest Ever Annual Dividend Of 2.11 Crores For INDIA Government.\

* Nikesh Arora, CEO Of Palo Alto Networks Ranked 2ND On The Wall Street Journal's 2023 List Of Highest Paid US CEO's. 

*  India's Coffee Exports Rose By 12.22% To $ 1.28 billion In Financial Year 2023-24. 

*  Google Set To Invest $ 350 million In Flipkart. 

* The Cost Inflation Index For Financial Year 2024/25 Is Set At 363 From 348. 

* Aditya Birla GROUP Surpassed $100 Billion In Market Capitalization.

( Fourth Indian Company Have $100 Billion Market Capitalization After Tata Group, Adani Group, Reliance Industries).

* India's Forex Reserves Touches A New Record Of 648.7 Billion Dollars 

* Mundra Port, Gujarat The Flagship Of Adani Ports And Special Economic Zone ( APSEZ) Has Created a Record By Welcoming The Largest Container Ship. ( Largest Container Ship MSC ANNA) 19200 TEUs. 

* The Government Of India Has Sanctioned Rs. 21,253 Crores To Tackle Kerala's Economic Crisis. 

* Life Insurance Corporation Of India (LIC) Has Posted Rs 13,673 Crores Net Profit And 1.52 Lakh Crores Net Premium Income in Quarter 4 .

* According To Morgan Stanley Report India's Projected GDP 6.8% in 2024.

* According To RBI Annual Reports Projected GDP Is 7% For 2024/25.

* Google Set To Invest $2 Billion For Data Center And Cloud Services In Malaysia.

* National Stock Exchange (NSE) Has Launched India's FIRST EV Index.

MOU SIGNED - 

*  National Payment Corporation In India ( NPCI) Has Partnership With Bank Of Namibia To Develop UPI Real Time Payment System In African Nation. 

* India And Ghana Inked MoU For The UPI Payment Settlement. 

* ) Hcl Tech Has Joined Hands With Amazon Web Service To Accelerate GenAI Adoption.

*  Bharti Airtel Signed MoU With Google Cloud For Collaboration On Cloud Adoption And genAI Solution.

* Phone Pe Ties Up With Lanka Pay To Enable UPI Payment Services in Srilanka.

* FICCI And IESA Have Signed MoU To Strengthen And Supports India's Semiconductor Industry. 

( FICCI - Federation Of Indian Chambers Of Commerce And Industry) 

( IESA - Indian Electronics And Semiconductor Association) 

* Air Bus Has Signed MoU With SIDBI ( Small Industries Development bank of India) For Helicopter Financing In INDIA.

* The National Skill Development Corporation (NSDC) Has Partnerships With The International Labour Organization (ILO) For Globally Youth Can Get Opportunity.

*  SJVN Limited Has Signed Pact With INDIAN Oil For Renewables And New Tech Project's.

MIXED - 

* Recently Axis Bank Has Overtaken Kotak Mahindra Bank To Become The 4th Largest Bank in India As Market Value.

* Reserve Bank Of India ( RBI) Lifts Ban On Bajaj Finance's eCOM And Insta EMI Card. 

* *  Philip Morris International (PMI) Has Been Recognized As a Top Employer For The 5th Consecutive Year. 

HOST - 

* The CII Annual Business Summit 2024 (theme- Co Creating The Future Responsibility)

* The ONDC StartUp Mahostav Kicked Off In New Delhi.

( incorporating With StartUp India)

PRODUCTION - 

*  India's Coal Production For APRIL 2024 Reached To 78.69 MT (Increases 7.41% As Compared To April 2023) 

* India's Fossils Fuel Based Power Generation Capacity Increases 2.44% (Produced 243.44 gig watts In FY 2024) 

AWARDS - 

*  NTPC LIMITED Has Claimed Champion Title At 6th Edition Of AIMA Corporate Management Olympiad 2024.

* Malabar Gold And Diamond Received Prestigious Legal Era Indian Legal Award 2024.

* Quant Power Has Won the Best Trading Platform In India Award For the 2nd Consecutive Year.

NTPC Has Been Conferred With The Prestigious ATD Best Award 2024.

( For The Excellence In HR & L & D Practices) 

* POWERGRID Has Been Conferred The Prestigious ATD Best Award 2024 For Strategic Approach To Talent Development. 

* SIDBI Has Won ATD Best Award 2024 In The Category Of SME Development 

* NHPC Conferred With The Economic Times HR World Future Ready Organization AWARD 2024 

( national Hydroelectric Power Corporation) 

* Timezone India Wins The Most Admiral Retailer of The Year At Images Retail Award 2024.

* Hindustan Shipyard Limited (HSL) Has Received PSU Samarpan Award.

* Bharat Electronics Limited (BEL) Has Wins Climate Action Champion Award At Outlook Planet Sustainability Summit And Awards 2024.

* REC Limited Has Been Awarded With The Prestigious Sustainability Champion - Editors Choice AWARD At The Outlook Planet Sustainability Summit And Awards 2024 

* Power Finance Corporation Limited (PFC) Received The CSR Champion AWARD In The Non Fossil Fuel ) Business Category At Outlook Planet Sustainability Summit And Awards 2024.

* POWERGRID Has Been Adjudged As The Most Efficient And Profitable Maharatna Of The Year 2023/24.