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Tata AIG Suspends the cashless services with Max hospitals

October 06, 2025

1. Current Situation

  • Tata AIG General insurance has also joined the other three big health insurers in suspending cashless facilities at Max Hospitals.
  • This is after similar moves by Star Health, Niva Bupa and Care Health.

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Axis Bank also introduced the first UPI-backed gold-secured credit line in India

October 06, 2025

1. Core Product

  • Axis Bank in collaboration with Freecharge has introduced the first gold-based credit line in the country that could be accessed through UPI.
  • It is intended to be sold to MSMEs, self-employed people, and merchants.

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SBI Dominant Debit Card HDFC Leader in credit cards Aug 2025

October 06, 2025

1. Market Leadership

  • The State Bank of India (SBI) is the leader in the debit card markets with a share of 24 percent as of August 2025.

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The First Private Helicopter Assembly Line India by Tata and Airbus

October 05, 2025

1. Core Announcement

  • India Tata Group in collaboration with Airbus has decided to set up the first helicopter Final Assembly Line (FAL) in the private sector.
  • Location: Vemagal, Karnataka.
  • Product: The plant will produce the Airbus H125 helicopter.

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India to Mandate Acoustic Vehicle Alerting System AVAS in EVs by 2027

October 05, 2025

1. Core Mandate

  • The Acoustic Vehicle Alerting System (AVAS) will be required in all Electric Vehicles (EVs) manufactured in the Government of India starting on October 1, 2027.
  • This rule is proposed by the Ministry of Road Transport and Highways (MoRTH).

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