Page-9 of Economy & Banking Current Affairs

Arvinder Singh Sahney Becomes Indian Oil Chairman

November 15, 2024

Arvinder Singh Sahney has been appointed as the Chairman of Indian Oil Corporation as of November 13, 2024. His appointment follows the tenure of S. M. Vaidya. Previously, V. Satish Kumar held the position in an interim capacity. Sahney brings ..

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SBI, HDFC Bank, ICICI Bank: RBI’s 2024 List of Domestic Systemically Important Banks (D-SIBs)

November 15, 2024

Recently, the Reserve Bank of India (RBI) has reaffirmed the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This classification remains unchanged from the previous year. The RBI continues to ..

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43rd India International Trade Fair (IITF) 2024 Inaugurated

November 15, 2024

The 43rd India International Trade Fair (IITF) commenced on November 14, 2024, at Bharat Mandapam in New Delhi. Union Commerce & Industry Minister Piyush Goyal inaugurated the event. The fair will continue until November 27, 2024. It aims to promote ..

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Euro Hits One-Year Low Amid Economic Concerns

November 14, 2024

The euro has recently fallen to its lowest point in a year. This decline raises concerns about its potential to reach parity with the US dollar. Market analysts are closely monitoring the situation. Factors such as Donald Trump’s election victory ..

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IBM Opens Gen-AI Centre in Kochi

November 14, 2024

IBM has launched a Gen-AI Innovation Centre in Kochi. This facility aims to enhance the city’s status as a hub for international IT firms. The centre will serve IBM’s global customers and is expected to create important employment opportunities. Key ..

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Pakistan’s Ongoing Relationship with the IMF

November 13, 2024

In September 2024, the International Monetary Fund (IMF) approved an important loan for Pakistan. The loan, valued at US$7 billion, marks Pakistan’s second-largest borrowing from the IMF. This financial assistance comes amid ongoing economic challenges faced by the country. IMF’s ..

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Air India and Vistara Merger

November 13, 2024

The merger of Air India and Vistara marks an important shift in the aviation landscape. This strategic move aims for enhanced efficiency and profitability. The merger is expected to save over ₹500 crore annually. It will also strengthen Air India’s ..

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Amul Expands to European Market

November 13, 2024

Amul is set to enter the European market by the end of November 2024. This follows its successful launch in the United States earlier this year. The Gujarat Cooperative Milk Marketing Federation (GCMMF) operates under the Amul brand. The Managing ..

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