IBC cases slow down as banks reconsider recovery approach
The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are
Water level in India’s major reservoirs down on below-normal rainfall
The water level in the 155 major reservoirs in the country declined for the 12th week in a row this week with the storage in Punjab’s lone dam dropping below 20 per cent of the capacity, data from the Central Water Commission showed. The storage has declined as a major
India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global
Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the
India’s business growth hits 14-month low in January, PMI shows
India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine of Asia’s third-largest economy and
AMG Green Power and ORIX seek CCI nod for stake realignment in Greenko Energy
In a significant development for the renewable energy sector, AMG Green Power B.V. (AMG Power) and ORIX Corporation (ORIX) have approached the Competition Commission of India (CCI) for approval of a proposed transaction involving Greenko Energy Holdings (GEH) and AM Green (Luxembourg) S.À.R.L. (AMG Lux). The transaction aims to realign
CTC prices at Kochi auctions gain on blenders’ demand
A strong demand from blenders pushed up CTC dust prices at Kochi tea auctions with a ₹2 increase in average price realisation this week. All blenders together absorbed 59 per cent of the 6,52,759 kg of CTC in sale 4, witnessing a strong demand. The market was steady to firm
India’s Jan business growth at 14-month low due to weaker services demand, PMI shows, ETCFO
By Anant Chandak BENGALURU – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine
Suhana Masala, Ecofactory Foundation to set up Centre of Excellence for spices production in Telangana
Suhana Masala, a spices company, has teamed up with the Ecofactory Foundation to set up a Centre of Excellence (CoE) for spices production in Telangana. The CoE, which will be located adjacent to Suhana’s existing facility in Sangareddy, will promote modern spice farming by training and equipping farmers with skills
US to have only two genders, male and female: Trump
US President Donald Trump on Thursday said the US will have only two genders, male and female, and no men will be allowed to participate in women’s sports. Days after assuming office for his second term, Trump addressed the World Economic Forum Annual Meeting here through video conferencing and said
India hamstrung by MFN rules in offering tariff cuts to satisfy Trump
Even as deliberations are under way to calibrate a suitable policy response to the Trump Administration’s America First Trade Policy, India cannot bring down import duties to appease the US without applying the same yardstick to all its trade partners, sources have said. “The Commerce Department is in discussions with