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
Storage in major reservoirs down on 11% post-monsoon deficient rainfall
The water storage in India’s 155 major reservoirs dropped further by 2 percentage points this week to 83 per cent of the capacity. However, the level was higher than last year and the last 10 years average (normal level), data from the Central Water Commission (CWC) showed. The levels in
India auto components industry to cross $80.1 billion revenue in FY25
India’s automotive components industry is expected to cross $80.1 billion in revenue in FY25. The industry is growing at a CAGR of 8 per cent since FY20. According to the Rubix Industry Insights – Automotive components report, the electric vehicle (EV) components contribution doubled to 6 per cent of total
Zopper raises $25 million in Series D round
Zopper, an insurtech platform, has raised $25 million in series D funding round, co-led by Elevation Capital and Dharana Capital. The round also saw participation from existing investor Blume Ventures. Zopper is also backed by Creaegis, Bessemer Venture Partners and ICICI Venture. Zopper will use this fresh funding to ramp
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 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