IIFCL plans $200 million External Commercial Borrowing by January 2025, says MD Jaishankar
State-owned diversified infrastructure lender India Infrastructure Finance Company Ltd (IIFCL) plans to raise about $200 million through external commercial borrowing (ECB) by January 2025, its Managing Director, PR Jaishankar said. “This will be IIFCL’s first ECB since its inception in 2007. So far, we have only raised funds from multilateral institutions.
IBBI proposes to make monitoring committee mandatory for all resolution plans
Insolvency regulator IBBI proposes to make constitution of monitoring committee mandatory for implementation of all resolution plans under Corporate Insolvency Resolution Process (CIRP). It has issued a discussion paper for this purpose and public comments can be sent by December 9. The proposed move is fallout of the Supreme Court
India’s consumer durable makers to log 11-12 pc growth in FY25, ETCFO
New Delhi, Nov 21 (IANS) Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday. New Delhi, Revenue of consumer durable manufacturers in India
Indian MSMEs create about 10 crore jobs in 15 months, ETCFO
New Delhi, Nov 21 (IANS) The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed. New Delhi, The total number of
APEC Climate Center forecasts La Nina emerging during Dec-Feb
The APEC Climate Center (APCC) has said there is a 62 per cent chance for La Nina conditions to persist between December 2024 and February 2025 with conditions turning neutral during February-April 2025 and March-May 2025. “The APCC ENSO (El Nino Southern Oscillation) alert suggests ‘La Niña Watch’. Niño3.4 index
India’s urban development to propel GIS market growth in Asia-Pacific, ETCFO
India’s urban development to propel GIS market growth in Asia-Pacific New Delhi [India], November 21 (ANI): The geographic information system (GIS) sector in India is undergoing a revolutionary transformation, driven by urban development and cutting-edge technologies. The critical role of GIS in shaping the country’s urban and economic landscape while
India’s export outlook brighter as manufactured goods gain share: RBI, ETCFO
Mumbai, Nov 21 (IANS) The outlook for India’s exports is brightening as underneath the subdued growth profile of the past few months, the country has been gaining a share in global trade of key manufacturing items, according to the RBI bulletin for November. Mumbai, The outlook for India’s exports is
Saudi Arabia, India top domestic aviation recovery, OAG study shows
India has seen the second fastest recovery in domestic seat capacity among top twenty aviation markets compared to 2019, OAG, an aviation data provider has said in its latest analysis. Domestic seat capacity in India in 2024 is 12.7 per cent higher compared to 2019. Seat capacity growth in India
Direct trains between Srianagr-Delhi expected to run from January 2025
With the railway authorities finalizing the Udhampur-Srinagar-Baramulla Rail Link (USBRL), direct train services between Srinagar and Delhi are expected to begin by January 2025. The ambitious project is set to provide a much-needed shot in the arm to the region’s economy, which has been grappling with militancy and uncertainty for
Synergy Marine uses Agwa’s AI devices to grow fresh vegetables aboard its vessels
Synergy Marine Group has taken steps to grow fresh vegetables on board its vessels. As part of a pilot project, Synergy’s managed Suezmax tanker ‘EFFIE MAERSK’ has been using Agwa’s AI-directed cultivation devices since September. These units, which are about the same size as standard refrigerators or wine coolers, allow