National News & Governance
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DFS Performance Review: M. Nagaraju, Secretary of the Department of Financial Services, reviewed the H1 FY 2025–26 performance of Public Sector Banks , focusing on asset quality, financial indicators, recoveries, digital progress, and implementation of government schemes.
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RBI Penalties on Co-operative Banks: The RBI imposed monetary penalties on three co-operative banks for regulatory non-compliance during Co-op Kumbh 2025 , signalling tighter supervision.
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Ageas Federal–Muthoot Microfin Partnership: Ageas Federal Life Insurance entered a strategic distribution partnership with Muthoot Microfin Limited to expand life insurance reach across India.
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Federal Bank Cultural Initiative: Federal Bank launched its cultural festival “Bharat Surotsav” by unveiling the official poster in Chennai, Tamil Nadu.
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Moody’s “Global Macro 2026” Report: Moody’s projected India’s GDP growth at 6.5% through 2027 , highlighting strong economic momentum.
Business & Economy
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PhonePe–OpenAI Collaboration: PhonePe partnered with OpenAI to accelerate ChatGPT adoption in India and enhance customer-facing digital experiences.
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Vivek Singla Appointed PXIL MD & CEO: Power Exchange India Limited appointed Vivek Singla as its new MD and CEO, effective 10 November 2025.
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Swan Defence LoI with Norway: Swan Defence and Heavy Industries Ltd. signed an LoI with Redereit Stenersen AS (Norway) to build six IMO Type II chemical tankers worth USD 220 million .
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IICA–WNS Sustainability Program: IICA and WNS Global Services launched the IICA–WNS Ybrant CSR, ESG & Sustainability Program to promote leadership in sustainability-focused sectors.
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SoftBank Sells Nvidia Stake: SoftBank Group sold its entire Nvidia stake , earning $5.8 billion , ahead of planned AI-focused investments.
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Bhopal to Host TDS Conference: Bhopal will host the 22nd All India Annual TDS Conference , bringing together top tax administrators.
Environment, Science & Technology
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ISRO Gaganyaan Parachute Test: ISRO successfully conducted a Main Parachute test for the Gaganyaan Crew Module at Babina Field Firing Range, Jhansi (UP), as part of IMAT .
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NBA Funds Red Sanders Conservation: The National Biodiversity Authority released ₹29.40 lakh to the Odisha Forest Department under the ABS mechanism for conserving Red Sanders (Pterocarpus santalinus) .
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C-DOT–NAM InfoCom Pact: C-DOT partnered with NAM InfoCom Pvt. Ltd. to develop an indigenous Mission Critical Communication System (MCX) for secure public safety communication.
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TEC–SRMIST MoU: The Telecommunication Engineering Centre (TEC) signed an MoU with SRMIST to collaborate on telecom standardisation, joint research, and global studies.
Month: Current Affairs - November 15, 2025
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