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Indian Air Force Retires the legendary MiG-21 Fleet

Oct 06, 2025

Key Event

  • Indian Air Force (IAF) officially disbanded its two final MiG-21 squadrons, No. 3 Cobras and No. 23 Panthers on September 26, 2025, in Chandigarh.
  • It is a culmination to a 62 years history of service, and a chapter of the Soviet era legacy in the IAF.

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JSW Steel acquires Bhushan Power and Steel which is approved by Supreme Court

Oct 06, 2025

The Verdict

  • JSW Steel has obtained its ultimate clearance for the acquisition of Bhushan power and steel ltd (BPSL) in a bid valued at 2.3 billion (Rs.19,350 crore).
  • This decision overturns the previous deliberation of the court on the liquidation of the company with heavy debt.

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

Oct 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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Equal AI The First Multilingual AI Call Assistant in India

Oct 06, 2025

Product Overview

  • Product: The first AI Call Assistant in India which can manage unknown calls.
  • Major Innovation: No longer passive caller ID and spam detection and actively answers calls.
  • Multilingual Support: Versatility in English, Hindi and Hinglish, to serve and fulfill a large number of users.

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SBI Dominant Debit Card HDFC Leader in credit cards Aug 2025

Oct 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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