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
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
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
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
Namma Yatri launches operation in Mangaluru
Namma Yatri, the Bengaluru-based mobility app, has officially launched operations in Mangaluru. A media statement said that the app has received an enthusiastic response from the local driver community after a month-long trial in Mangaluru. With nearly 500 trips completed in November alone, and 300 drivers already on board,