Current Affairs - Business

Bajaj Auto Consumer Finance received RBI approval to commence non-banking financial institution (NBFC) operations. This means that the company can now provide financial services such as loans, leases, and credit cards, without accepting public deposits.

Uday Kotak has resigned as the MD & CEO of Kotak Mahindra Bank. He will be succeeded by Dipak Gupta, the joint managing director of the bank.

Telangana will have India's first Gorilla Glass factory. The factory will be set up by Corning Inc., a multinational technology company based in the United States. The factory will be located in the city of Hyderabad, Telangana.

The Investor Global Summit 2023 will be held in Dehradun, Uttarakhand. The summit is scheduled to take place on December 8-9, 2023.

The Tirupathur district in Tamil Nadu set a new world record by constructing 1546 farm ponds in just 30 days as part of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The initiative was undertaken to enhance groundwater potential, harvesting rainwater during monsoon and providing sufficient water for agricultural purposes, especially during the dry summer months.