Tuesday, 4 June 2024

JANUARY - MAY BANKING & FINANCIAL CURRENT AFFAIRS 2024

JANUARY - 

India's Forex Reserves Rose By USD 58 Billion in 2023.

 NTPC Limited Gets Certified As The TOP Employer In 2024. 

 India Post payment Bank Payment Has Completed 8 Crores Customers.

The Wholesale Price Index (WPI) For The December Was 0.73%.

India Overtakes Hong Kong As World's 4th Largest Stock Market By Market Capitalisation. ( US, CHINA, JAPAN, INDIA) 

Life Insurance Corporation Of India (LIC) Has Overtaken SBI, Became The Most Valuable PSU Of 5.8 Lakh Crores.

China Has Issued 1.8 Lakhs Visas For Indian In 2023.

 State Bank Of India ( SBI) Has Featured Among The Top 25 Strongest Brands Globally For 2024. 

The Director General Of Civil Aviation (DGCA) Imposed A Penalty Of 1.1 Crores On Air India For Violation.

 National Statistical Office (NSO) Published The Employment Outlook Of The Country From 2017 To 2023.

HDFC Bank Became The India's First Bank To Issue 20 Million Active Credit Cards. 

Fincare Small Finance Bank Has Received The CCI's Approval For Its Merging With AU Small Finance Bank. 

The Reserve Bank Of India ( RBI) Has Approved a Proposal Of LIC To Acquire Up To 9.99% Stake In HDFC Bank. 

United States Embassy In India Processed 1.4 Millions Visas In 2023.


1,64,862 Lakhs Crores GST Collected By Government in December 2023.

According To NSO (National Statistical Organisation) has Estimated India's GDP For 2023-24 is 7.3%.

WORLD Bank Has Approved Financial Assistance Of 2328 Crores To Develop Infrastructure To Divert Flood Water From Western Maharashtra To Marathwada.

According To NSO Statistics India's Retail Inflation 5.69% In December 2023.

KRUTRIM AI - Is The India's First Artificial Intelligence (AI) Unicorn. TO CROSS 1 Billion. 


HOST - 

Guwahati,Assam Host The Regional Conference On e-Governance.


NEW LAUNCHED - 

Flipkart Co-founder Binny Bansal Has Launched A New Startup Opp Door.

Indusland Bank Has Launched The SAMMAN RUPAY Credit Card. 

India's First Growth Liquid Exchange Traded Fund Has Launched By Zerodha Fund House. 

State Bank Of India Has Launched The Green Rupee Term Deposit Scheme.

Union Minister Rao Inderjit Singh Launched The MPLADS E-SAKSHI Mobile Application For The Revised Fund Flow Procedure.



APPOINTMENTS - 

* Former Vice Chairman Of NITI Ayog Dr. Arvind Pangariya Has Been Appointed As The Chairman Of 16th Finance Commission.

Nadia Calvino Became The First Woman President Of European Investment Bank.

G Ram mohan Rao Has Been Appointed As The Executive Director Of SEBI.

Vikas Sheel Has Been Appointed As The Executive Director Of Asia Development Bank. 

Sanjiv Agarwal Has Been Appointed As The MD & CEO of Investment And Infrastructure Fund Limited (IIFL).

Rajiv Shah Has Been Selected Board Of Directors Of The Federal Reserves Bank Of New York.

Phone Pe Has Appointed Ritesh Pai As Its CEO. 

Dr Michael Debabrata Patra Has Been Reappointed As The Deputy Governor Of RBI.

Manish Jain Has Been Appointed As MD Of Experian In India. 

Dr Prasanna Kumar Acharya Has Been Appointed As The New Finance Director Of NLC India.

Praveen Achuthan Kutty Has Been Appointed As MD & CEO Of DCB Bank. 


AWARDS- 

State Bank Of India Chairman Dinesh Kumar Khara Has Awarded With Indian Of The Year Award By CNN 18.

REC Wins ICAI Award For Excellence In Financial Reporting For Financial Year 2022/23. 

Vice President Jagdeep Dhankar Has Presented The SCOPE Award To Public Sector Enterprises At Delhi.

NHPC Limited A Hydropower Company Has Been Awarded SCOPE's Commendation Certificate In The Category Of Effective Implementation Of RTI Act.

* REC Limited Has Been Honoured With Prestigious SCOPE EXCELLENCE Award In The Category Of Special Institutional Category ( Digitization) 


MOU SIGNED - 

Indian POST Payment Bank (IPBP) Have Signed MoU With Hindustan Zinc To Offer Financial Inclusion Services To CSR Beneficiaries.

Google Signed MoU With NPCI ( National Payment Corporation Of India) Expand UPI Service Beyond INDIA.


FEBRUARY - 

APPOINTMENTS - 

* Former Expenditure Secretary Ajay Narayan Jha & SBI Group Chief Economic Advisor Soumya Kanti Ghosh Have Been Appointed As Full Time Members Of 16th Finance Commission.

* Former Special Secretary, Expenditure Dr. Annie George Mathew & Executive Director, Artha Global Dr. Niranjan Rajadhyaksha Have Been Appointed As Full Time Member. 

Shri Pawan Kumar Assume As Charge Of Chief Advisor (Cost) In Department Of Expenditure Under Ministry Of Finance.

Suresh Venkatachari Has Been Appointed As The CEO Of Secure KLOUD.

Mio Oka Has Been Appointed As The New Country Director For India By Asian Development Bank ( ADB). 

Ravi Kumar Jha Has Been Appointed As The MD & CEO Of LIC Mutual Fund Asset Management Limited. 

H Venkatachalam Iyer Has Been Appointed As The MD & CEO Of TATA AIA Life. 

* Naveen Tahilyani Has Been Appointed As The MD & CEO Of Tata Digital. 

Mukesh Kumar Agarwal Has Taken Charge Of Director( Finance) COAL INDIA LIMITED ( COL). 

 Ajay Kumar Chaudhary Has Been Appointed As Non Executive Chairman Of NPCI.

 2002 Batch IAS Officer Krishan Kumar Has Been Appointed As Managing Director Of National Highways & Infrastructure Development Corporation Limited ( NHIDCL). 

 Ranjeet Kumar Agarwal Has Been Appointed As The President Of Institute Of Charted Accountant Of India (ICAI).

 1988 Batch IRS SANJAY Kumar Has Been Appointed As The Member Of Central Board Of Taxes (Audit & Judicial).

* Carepal Money Appoints Sahil Lakshmanan As Chief Business Officer.

* IES Bhumika Verma Has Been Appointed As The Director In The Department Of Expenditure Under The Ministry Of Finance.

* Wencai Zhang Has Been Appointed As The MD & Chief Adminstrative Officer Of World Bank Group.



AWARDS - 

REC Wins Best Green Bond- Corporate Award At The Asset Triple A Awards For Sustainable Finance 2024.

Defense Minister Rajnath Singh Honoured Dr. Bina Modi With Outstanding Business Woman Of The Year 2023 Award.

Best Agrolife Clinched Most Innovation Campaign And Product Development Award At PMFAI SML Agchem Awards 2024.

South Indian Bank Has Won The Best Technology Bank Of The Year Award At 19th IBA Annual banking Technology Conference.

REC Limited, a Maharatna Company Has Been Honoured With The Innovative Technology Development Award At The Building India 2047: Technology For Better Tomorrow.



 Government Of India Collected 1,72,129 Lakh Crores GST Collected In JANUARY 2024.

Reserve Bank Of India ( RBI) Declared Paytm Payment Bank Debarred From The Financial Services. 

10.4% Growth On GST Collection According 2023 As Of 2024 January.

International Monetary Fund (IMF) Forecast India's GDP Will Be 6.5% in 2024.

UPI Transaction Records 12.20 Billion In January 2024.

In Union Budget 2024/25 Finance Minister Nirmala Sitharaman Announced Free Cervical Cancer Treatment For Age Between 9-15 Girls.

RBI Approved HDFC Bank's Proposal To Acquire 9.5% In Indusland Bank And Other 5 Banks. 

Reserve Bank Of India Canceled The Licence Of Jai Prakash Narayan Nagari Sahakari Bank In Maharashtra. 

 Tata Group Becomes The First Indian Conglomerate To Cross Rs. 30 Lakhs Crores Market Cap. 

Reserve Bank Of India ( RBI) Keep Rep Rate Unchanged For The Sixth Straight Quarter for 6.5%. 

* MSF And Bank Rate Are 6.75%. 

Indian Renewable Energy Development Agency ( IREDA) Has Received Approval From RBI To Set Up In GIFT City, Gujarat. 

Gujarat State Government Presented 3,32,465 Crores Budget For Financial Year 2024/25/. 

 Telengana State Government Has Presented Its Budgets Worth RS 2,75,891 Crores.

* EPFO Has Increases The Interest Rate On Deposit From 8.15% To 8.25%.

India's Index Of Industrial Production Grows By 3.8% In December 2023.

 India's Retail Inflation Declined From 5.7% To 5.1% In January 2024.

Reliance Industries Became The First Indian Company To Hit The Market Cap Of 20 Lakh Crores.

Paytm E-commerce Has Rebranded Itself As PAI Platform. 

Germany Overtaken Japan As World's Third Largest Economy.

The Ministry Of Defense Has Achieved a Milestone Becoming The Only Ministry To Cross The 1 Lakh Crores Gross Merchandise Value Of Procurement Through The Government E Market place Since 2016.

Supreme Court Has Declared Electoral Bonds Are Unconstitutional. 

 UAE Has Linked Their AANI Platform With India's UPI Platform 

Reliance Topped As Most Valued Indian Company At The 2023 Burgundy Private Hurun India 500 List. 

* RBI Imposes Penalties On SBI, Canada Bank And Ocean Capital Market Limited For Non-compliance

LAUNCHED - 

 Japanese Third Largest Bank Mizuhu Financial Service Has Established A Global Capability Centre In Chennai.

India Launched The Unified Payment  Interface (UPI) At The Eiffel Tower, Paris.

Prime Minister Narendra Modi, President Of Srilanka Ranil Wickremesinghe AND Prime Minister Of Mauritius Pravindh Jugnauth Witnessed The Launch Of UPI Service In Srilanka And Mauritius.

Union Health Minister Mansukh Mandaviya Launched AIIMS-SBI Smart Payment Card In AIIMS New Delhi.

 Prime Minister Narendra Modi and UAE Signed Agreement On Interlinking Domestic Debit, Credit Card, Rupay Card With JAYWAN (UAE).

* Phone Pe Launched Indus App store, an Indigenous App Store.


MOU SIGNED - 

 Government Of India And Asian Development Bank( ADB) Signed $ 200 million Loan To Tackle Flood And Erosion Risk Along Brahmaputra River. 

Terms Of Reference Signed Between Reserves Bank Of India (RBI) And Nepal Rasthra Bank On Integration Of Unified Payment Interface (UPI) Of India-With National Payment interface (NPI) Of Nepal For Cross Border Remittance.

IREDA And Punjab national Bank Have Signed MoU To Establish Finance Projects On Green Energy.

 Department Of Fisheries Have Signed MoU With Open Network For Digital Commerce ( For Digital Marketing) 

 IEPFA And DBS Bank Has Signed MoU To Spread Awareness On Investment And Fraudulent Schemes.

* Uber Signed MoU With Open Network For Digital Commerce (ONDC) For Multiple Ranges Of Mobility Offers.

RANKING - 

Mukesh Ambani, Chairman And Managing Director Of Reliance Industries Limited Has Been Ranked FIRST Among Indians And Second Globally In The Brand Guardianship Index 2024.


UNION BUDGET - 

 India's Defense Budget For 2024-25 Grows By 26000 Crores To 6.2 Lakh Crores In 2024 Union Budget Given By Finance Ministry.

 Introduction Of Updated Income Tax Returns, a New Form 26AS And Prefilling Of Tax Returns. 

Uttar Pradesh State Announced Budget For 2024/25 Rs 736,438 Crores.

Uttar Pradesh State Government Delivered The Budget  For 2024/25 

* 22000 Crores For Jal Jeevan Mission 

* 2881 Crores For State Highways 

* 2057 Crores For Ganga Expressway 

* 3000 Crores For Noida Airport 

* 914 Crores For Delhi Meerut RRTS 

* 395 Crores For Kanpur Metro 

* 150 Crores For Ayodhya Airport Phase 2 

* 346 Crores For Agra Metro 

* 1750 Crores For Religious Corridor 

* 2500 Crores For Mahakumbh 

* 100 Crores For NLU, Prayagraj 

* 575 Crores For Purvanchal Vikas Nidhi 

* 425 Crores For Bundelkhand Vikas Nidhi 

* 1000 Crores For Airstrips 

* 800 Crores For Green Road 

* 100 Crores For Agri University 

* 400 Crores For New Medical Colleges 

* 500 Crores For New Link Expressway 

West Bengal Has Presented The Budget Of Rs. 3,66 Lakh Crores For Financial Year 2024/25. 

Karnataka Chief Minister Siddharamaih Presented The State Budget Of Rs 3,71,383 Crores.

Himachal Pradesh CM Sukhwinder Singh Sukhu Has Presented The State Budget Worth Rs 58,444 Crores For 2024/25.

* Haryana Chief Minister Manohar Lal Khattar Presented The Budget Of 1,89,876 Crores For FY 2024/25.

* Uttarakhand Finance Minister Presented The State Budget Worth Rs 89,230 Crores.

* The Jharkhand State Government Has Presented Rs 1,28 Lakh Crores Budget For FY 2024/25.

* Maharastra Finance Minister Ajit Pawar Presented Rs 6,00,522 Crores For FY 2024/25.

MARCH - 

*LAUNCHED

* Union Finance Minister Nirmala Sitharaman Has Launched Electronics Data Interchange (EDI) At Remote Land Custom Station In Northern States.

* Union Home Minister Amit Shah Launched National Urban Cooperative Finance And Development Corporation (NUCFDC) The Umbrella Organisation For The Urban Cooperative Banks.

* Union Home Minister Amit Shah Inaugurated The National Cooperative Database & Unveiled Report in Delhi.

* NPCI India And Fonepay Payment Service Limited, Nepal Largest Payment Bank Announced UPI Service For Cross Border Transaction Between Two Nations.

* Indusland Bank Has Launched India's First Contactless Payment Wearable INDUS PAYWEAR.

* The FINANCE Ministry Notified The Issuance Of A Special Commemorative Coin Of Rupee 90 Denomination To The Mark Completion Of 90 Years Of RBI.


* India's GDP GROWTH In 8.4% In 3rd Quarter In 2023/24.

* 1,68,337 Crores GST Collected In Month Of February By India Government.

* The Financial Intelligence Unit India (FIU-IND) Has Fined Rs 5.49 Crores Penalty On Paytm Payment Bank.

* Gross GST Collection Rises 12.5% To Rs 1.68 Lakh Crores in February 2024.

* REC Limited Has Successfully Listed Two Bonds On National Stock Exchange (NSE) And BOMBAY Stock Exchange (BSE) 2500 Crores Each For 10 Years.

* Reserve Bank Of India (RBI) Allows Nepal Account Holder's To Can Send Upto 2 Lakh Per Transaction Per Day Limit in UPI.

* Nvidia Surpassed Saudi Aramco To Become Third Largest Company In The World Market Cap.

* Maharashtra Shares 15.4% Income Tax Prayers In Financial Year 2023.

* Flipkart Launched Its Own UPI Handle in Association With Axis Bank.

* CCI Approved The Merger Of a Financial Technology Company GARAGEPRENEURS Internet Private Limited With The North East Small Finance Bank.

* Government Of India And Asian Development Bank (ADB) Has Signed USD 23 Million Loan Agreement To Strengthen The Fintech Ecosystem in India.

* Paytm Gets The NPCI Approval To Become Third Party UPI App.

* Shipping Corporation of India Land And Asset Limited ( SCILAL) Get Listed On Bombay Stock Exchange (BSE).

* India Registered Growth Of 18.74% In Gross Direct Tax collection For Financial Year 2023/24.

* UPI Transaction Worth Rs 18.2 Lakh Crores Made In February 2024

Mumbai Overtakes Beijing To Becomes Asia's Billionaire Capital. And 3rd in World 


( 119 Billionaire - NEW York)
( 97 Billionaire - London)
( Mumbai _ 3rd) 


* 19.88% in Net Direct Tax Collection

India's Current Account Balance Records A Deficit Of USD 10.5 Billion ( 1.2% GDP) In Quarters 3 2023/24.

Life Insurance Corporation Of India (LIC) Has World's Strongest Insurance Brand In 2024 By Brand Finance 2024 Report.

Government e Marketplace (GeM) Has Crossed 4 Lakh Crores In Gross Merchandise Value (GMV) In The Fiscal year.

APPOINTMENT - 

* Vipul Chandra Appointed as CFO Of LTI Mind tree.

* Dhanraj T Has Been Appointed As The Executive Director Of INDIAN Overseas Bank.

* Brijesh Kumar Singh Has Been Appointed As The Executive Director Of INDIAN Bank.

* Sugata Ghosh Dastidar, Controller General Of Defense Account Appointed As The Financial Adviser ( Defense Services) In The Ministry Of Defense.

* Poonawalla Fincorp Appointed Arvind Kapil As Its New Managing Director And CEO.

* Jaideep Hansraj Has Been Appointed As The President Of One Kotak.

Girija Subramaniam Has Been Appointed As CMD Of The New India Assurance Company. 

M V Rao Has Been Elected As The Chairman Of Indian Bank Association (IBA).

Bhupesh Sushil Rahul Has Been Appointed As The Chairman And MD Of United India Insurance Company (UIIC).

Bikram Ghosh Has Been Appointed As The New Director Of ( Finance) Western Coalfields Limited ( WCL). 

* Vikash Kumar Has Been Appointed As The Deputy Secretary , Ministry Of Finance. 

 Nidhu Saxena Has Been Appointed As The NEW MD & CEO Of Bank Of Maharashtra.


MoU SIGNED- 

* Reserve Bank Of (RBI) And Bank Of Indonesia Have Signed MoU To Promote Use Of Local Currencies For Bilateral Transactions.

* The Department Of Industries, And Commerce Government Of Nagaland Has Signed MoU With YES Bank And Sellmetric Private Limited At Kohima.


( Aim To Digitize Sales, Entrepreneur, Small Farmer, Open Network Digital Platform) 


HOST

* Union Finance Minister Nirmala Sitharaman Has Inaugurated India's FIRST Ever National Conference Of Enforcement Chiefs Of The States And The Central GST Formation In New Delhi.

* Competition Commission Of India (CCI) Host The 9th National Conference On Economics Of Competition Law.


Topic For 2024 - Artificial Intelligence : Challenges And Opportunities 

* Union Finance Minister Nirmala Sitharaman Has Inaugurated a Credit Outreach Programme At the Jai Prakash University Campus, Chapra

MOU SIGNED - 

* MOU Signed Between Greek Bank With Indian UPI Owned NPCI To Avail UPI Facility In Greece.


AWARDS - 

* Sachin Salunkhe, Has Received The Promising Investor For The Year 2024 Award.

* Reserves Bank Of India (RBI) Has Been Selected For The Risk Manager Award By Central Banking Award, London.

* State Bank Of India (SBI) Has Conferred With Company Of The Year Award At ET Award For Corporate Excellence 2023.

RAZORPAY Awarded Best Fintech Company At Business Today And KPMG's Award 2024. 


NEWLY - 

* GRID CONTROLLER OF INDIA, Limited (GRID-INDIA) Has Conferred With The Status Of Miniratna Category-1 Central Public Sector Enterprise (CPSE). 

APRIL - 

From 1st APRIL 2024, The New Tax Rule Will Implement. 

* Up to 3 Lakh - Zero Tax 

* 3-6 Lakh - 5% 

* 6-9 Lakh - 10% 

* 9-12 Lakh - 15% 

* 12-15 Lakh - 20% 

* 15 Lakh+ - 30% 

India's Gross Goods And Service Tax Collected 1,78,484 Lakh Crores In March 2024.

( 12.5% Of February 2024) 

 Paradip Port (Odisha) Has Become The Highest Cargo Handling Major Port In India Overtaking Kandla Port With 145.38 MMT Cargo In Financial Year 2023/24.

World Bank Projects Indian Economy To Grow At 7.5% In 2024. 

National Stock Exchange (NSE) Introduced Four New Indexes With Effect To 8th April 2024. 

( NIFTY TATA CAP 25) 

(Nifty Multi Mfg)

(  Nifty Multi Infra)

( Nifty Mid Sml Hlth).

Jawaharlal Nehru Port Authority (JNPA) Has Achieved Records Highest Ever Throughput Of 6.43 Million TEUs In Financial Year 2023/24.

Reserve Bank Of India ( RBI) Governor Shaktikanta Das Presented The First Bi-Monthly Monetary Policy Of Financial Year. 

* REPO Rate Remains Unchanged At 6.5%. 

* CPI Inflation For The Current Financial Year 2024/25 Is Projected At 4.5%. 

* Real GDP Growth For Current FY 2024/25 Is Projected At 7%. 

* Marginal Standing Facility Rate & Bank Rate Remains At 6.75%. 

* Standing Deposit Facility Rate Remains Same At 6.25%. 

* India's Forex Reserves Reached All Time Highest Of USD 645.6 Billion As Of March 29th 2024. 

 Reserves Bank Of India (RBI) Declared Approximately 50 Lakhs Users Using The Central Bank Digital Currency (CBDC). 

 199.89 Trillion Transaction Done Through UPI In Financial Year 2023/24.

HDFC Became The First Private Bank To Open Branch In Lakshadweep.

 IndiGo Has Became The World's Third Largest Airline By Market Capital.

ASIAN Development Bank Has Forecast India's Growth In 2024 7.0% & 7.2% in 2025 Respectively.

India's Index Of Industrial Production Grows By 5.7% In February 2024.

Singapore Retained The Top Spot For The Best Place To Conduct Business For The 16th Consecutive Year Reported By EIU.

Byjus CEO Arjun Mohan Resigned From The Post.

India's Overall Exports Are Estimated To Reach 776.68 Billion Dollars, In The Financial Year 2023/24.

International Monetary Fund ( IMF) Projected India's Economic Growth To 6.8% In 2024. 

 India Exported Record Of 48.86 Tonnes Of Oil Meal In Financial Year 2023/24.

Reserve Bank Of India (RBI) Has Banned Bank Of Baroda World App.

India's Net Direct Tax Collection Estimated For Financial Year 2023/24 Is RS. 1.35 Lakh Crores, ( 7.40%).

* Gross Direct Tax Collection For Financial Year 2023/24 At 23.37 Lakh Crores ( Which Is 18.48% Growth).

Reliance Jio Emerges As World's Largest Mobile operator In Data Traffic, Surpassing China.

 India's Drug And Pharmaceutical Exports Increases In 2023/24 ( $ 27.9 Billion) 9.67% Increases.

* Reserves Bank Of India (RBI) Has Barred Kotak Mahindra Bank  For Issuing New Credit Card.




NAVARATNA STATUS - 

National Fertilizer Limited Has Recived The NAVARATNA Status. 


INSURANCE - 

* IREDA Sets a New Record Achieved The Highest Ever Loan Sanctions And Disbursements. 

Insurance Regulatory Authority Of India (IRDAI) Has Removed The Age Limit Of 65 Years For Individuals Buying Health Insurance Policies.


INAUGURATION - 

Prime Minister Narendra Modi Released A Commemorative Coin Of Rs 90 On The Occasion Of Completion Of 90 Years Of RBI.


AWARDS - 

REC Wins The SKOCH ESG Award 2024 In Renewable Energy Financing Category.

 THE IDEA OF DEMOCRACY Book Author - Sam Pitroda 

Kapil Bhatia Has Been Honoured With The Lifetime Achievement Award At Hotel Investment Conference South-Asia 2024.

INDIA Renewable Energy Development Agency Limited (IREDA) Has Gets The Status Of NAVARATNA From Department Of Public Enterprises (DPE).


PORTAL,APP - 

SEBI launched A New User Friendly Version Of Complaint Redress System - SCORES 2.0 

Reserve Bank Of India (RBI) Has Launched The New Mobile Application And Website.

 Canara Bank Introduced A New Saving Account Scheme For WOMEN Named CANARA ANGEL.

Former CEO of Bharat Pe Ashneer Grover Has Launched A New Payment Site Zero Pay.

Aditya Birla Capital Launched ABCD Fintech App.

Paytm Launched New Made In India Sound Box For UPI, And Credit Card On UPI Payment.

Bharat Pe Launched Bharat Pe One An All In One Payment Product (Including POS, QR, Speaker Into Device).

* Razor Pay And Airtel Payment Bank In Association Launched UPI SWITCH Platform.

* SBI CARDS Launched Retail Credit Card SBI Card MILES.


MOU SIGNED - 

Bharti Airtel Has Signed Pact With Dialog Axiata And Axiata Group Berhad To Merge Its Srilanka Operations In Stock Deal/. 

Tata Power Solar System (TPSS)  Has Joined Hand With Indian Bank To Drive Solar Rooftop Adoption In Residential Segment Under The PM SURYA GHAR MUFT BIJLI YOJANA.

 IIT KANPUR And Ericsson Have Signed Two Year Strategic Partnerships In Financial Services And Fintech.

Tata Motors Has Tied Up With South Indian Bank For Financial. solutions.


APPOINTMENTS - 

* Madhabi Puri Buch, Chairperson Of The Securities And Exchange Board Of India ( SEBI) Has Become The First Woman To LEAD SEBI. 

Atul Mishra Has Been Appointed As The New MD And CEO Of Axis Capital.

Dr. Shankari Murali Has Been Appointed As The Chairperson Of Controller General Of Accounts (CGA).

* Sanjai Singh And Jaspal Kaur Have Been Appointed As The Member Of CGA.

Rakesh Mohan Has Been Appointed As The World Bank Economic Advisory Panel.

Srinivas Pallia Has Been Appointed As The New CEO, MD Of WIPRO.

 Vinod Francis Has Been Appointed As The CFO Of SOUTH INDIAN Bank.

Manoj Panda Has Been Appointed As The New Member Of 16th Finance Commission.

Tarun Bajaj Has Been Appointed As The New Head Of The US-India Tax Forum.

Sanjay Shukla Has Been Appointed As The New Managing Director Of National Housing Bank (NHB).

* Manoj Mittal Set To Be New Chairman And Managing Director Of SIDBI.

 V Balakrishnan Has Been Appointed As The New CFO Of General Insurance Corporation.

Nalin Negi Has Been Appointed As The New Chief Executive Officer (CEO) Of Bharat Pe.

* Prem Chand Kumar Has Been Appointed As The Chief Technical Officer (CTO) Of Punjab And Sindh Bank For Next 3 Years.

* Jayant Balchandra Manmadkar Has Been Appointed As Chief Financial Officer (CFO) Of Brigade Enterprises.

Arun Maheshwari Has Been Reappointed As The Managing Director And CEO of JSW INFRA.

Santosh Viswanathan Has Been Appointed As The Intel's Business Head In INDIA.

* Azim H Premji Has Been Re Appointed As The Non Executive, Non Independent Director Of Wipro For Next 5 Years.

* Rishad A Premji Has Been Re Appointed As The Whole Time Director Of Wipro.

Pankaj Mohan Power To Take Charge As MD Of Reliance Jio.

 Ajith Kumar KK Has Been Appointed As CEO Of Dhanlaxmi Bank. 

 Financial Service Institution Bureau (FSIB) Recommend Rana Asutosh Kumar Singh As Managing Director Of SBI.

* Financial Service Institution Bureau (FSIB) Has Recommend Asheesh Pandey As INDIAN Bank MD & CEO.

Shri T Rabi Shankar Has Been Reappointed As The Deputy Governor Of RBI. 

 Amitabh Chaudhary Has Been Reappointed As The MD & CEO Of Axis Bank for Next 3 Years.

BHEL Appoints Koppu Sadashiv Murthy As Its CFO.

 V Vaidyanathan Has Been Appointed As The MD & CEO Of IDFC First Bank For Three Years.

Sunil Agarwal Has Been Appointed As The CFO Of Jindal Steel.

Satnam Singh Lamba Has Been Appointed As The COO Of Gland Pharma.

MAY  - 

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.

DOWNLOAD THE PDF LINK GIVEN BELOW 

https://drive.google.com/file/d/1kyoL0S1A6vPOGhsfutUL2H0NeWVIdlxn/view?usp=drive_link


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