NEWS
GoFirst’s creditors vote for liquidation of the airline report
06 Aug 2024
The Committee of Creditors (CoC) overseeing the debt resolution process of insolvent carrier Go First decided to vote for liquidation of the airline as the committee could not make any headway 15 months
BNP Paribas to acquire AXA’s fund business for $5.5bn
05 Aug 2024
French banking group BNP Paribas is in exclusive talks with insurer AXA to acquire AXA Investment Managers, in a deal worth €5.1 billion ($5.5 billion).
Tourism has a role in India emerging as third-largest economy: Shekhawat
05 Aug 2024
Tourism is the largest employment generator after the agriculture sector and has the potential to contribute in large measure to India achieving the status of the third-largest economy in the world
Tata’s semiconductor plant in Assam to be operational next year
05 Aug 2024
Tata Group on Saturday conducted the ground-breaking ceremony for its Rs27,000-crore semiconductor factory in Assam, marking the commencement of construction of the facility.
Cabinet approves Rs50,655-cr investment in 8 national high-speed road corridor projects
04 Aug 2024
The union cabinet at its meeting on Friday approved investment of around Rs50,655 crore across eight critical projects in the National High-speed Road Corridor, of a total length of 936 km.
Core sector output growth at a 20-month low of 4% in June
01 Aug 2024
Core sector industrial production in India, based on the Index of core industries (ICI), expanded by 4 per cent year-on-year in June 2024, the lowest in 20 months, due to a slowdown
NCLT orders liquidation of Future Retail as debt resolution fails
31 Jul 2024
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Future Retail Limited (FRL) as the committee of creditors (CoC) failed to arrive at a resolution plan
IPR reforms take patent awards in India to levels above 1 lakh a year
31 Jul 2024
Indian Patent Office has granted 1,03,057 patents in FY2023-24 thanks to various steps taken to strengthen the Intellectual Property Rights (IPR) ecosystem in the country through modernization of IP offices using advanced technologies and IT.
Visveswaraya Iron and Steel Plant back on revival path
31 Jul 2024
Visveswaraya Iron and Steel Plant (VISP), which the government put up for sale in October 2016, is now on the revival path with 130000 tonnes of steel production in the 2023-24 financial year.
ITC plans Rs20,000 crore investment in next five years: CMD Sanjiv Puri
29 Jul 2024
Diversified group ITC Ltd is planning to invest Rs20,000 crore across business portfolios with about 35-40 per cent earmarked for FMCG sector, 35 per cent going to paper boards and packaging, and the remaining into other businesses, including corporate, over the next five years.
IDBI Bank privatisation now hinges on RBI approval report
28 Jul 2024
The union home ministry has given necessary security clearance to potential investors in IDBI Bank and the Reserve Bank of India
Budget outlay for Railways for FY25 at Rs68,634 crore
28 Jul 2024
Union Budget 2024-25 has allocated Rs68,634 crore for Indian Railways across various projects, including construction of new lines
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