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
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
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
New office bearers for KPA
A Aravind Rao has been elected as the chairman of the Karnataka Planters Association (KPA) for the year 2024-25. M Salman Baseer was elected as the vice chairman at the 66th annual general meeting of KPA held at Madikeri, recently. M Salman Baseer, Vice Chairman, KPA Other members elected to
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
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
Stable inflation in best interest of economy, Das says
Price stability is in the best interest of the people and economy, and acts as the bedrock for sustained growth, Reserve Bank of India (RBI) Governor Shaktikanta Das said in his address at the high-level policy conference of central banks from global south being held here today. “Resilient growth has