The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. The Code has already undergone various amendments. "To strengthen [...]
The Jammu and Kashmir administration has proposed an allocation of Rs 350 crore in next five years for the development of dairy sector across the Union Territory and said the move will create around 16,000 jobs and 600 enterprises. The administration has recently approved a project to increase milk production in the region by a [...]
The domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24, a report said on Wednesday. Category-wise, passenger and commercial vehicle volumes could see a growth of 6-9 per cent [...]
Equity benchmarks extended their rally for the second straight session on Wednesday amid buying in index heavyweights HDFC twins and foreign funds inflows. Recovery in most of the Asian markets and positive start in European equity exchanges also added to the momentum. The 30-share BSE Sensex climbed 390.02 points or 0.64 per cent to settle [...]
Corporate funding in the global solar sector declined 13 per cent year-on-year to USD 24.1 billion in 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC and PE), debt financing, and public market financing. "Total corporate funding in 2022 (first nine months) stood at USD 24.1 billion, 13 [...]
Agro Chem Federation of India (ACFI) has demanded that the government should cut import duty on crop protection chemicals in the upcoming budget and also provide fiscal incentives to private players for undertaking research. The ACFI is an industry body representing manufacturers/ importers of technical and formulation of pesticides at the pan-India level. "India presently [...]
Women from tier 2 cities have been enthusiastically participating to be a part of the workforce and have also started opting for unconventional roles for flexibility and better income opportunities, says a report. In 2022, jobs and professional networking platform 'apna' witnessed more than 31 million professional conversations among women from tier 1, tier 2, [...]
Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty (ISIR) revealed that 61 per cent of High-Net-worth Individuals (HNIs) and Ultra High-Net-worth Individuals (UHNIs) [...]
Ahead of the Budget session of Parliament, the finance ministry has sought expenditure proposals for the second and final batch of Supplementary Demands for Grants from various ministries and departments. The final batch of Supplementary Demands for Grants for 2022-23 is proposed to be placed before Parliament in the ensuing session, the ministry said in [...]
Uttar Pradesh has received investment commitments of about Rs 2 lakh crore in the solar energy and related sectors, state energy minister A K Sharma said. UP has launched 'Uttar Pradesh Solar Energy Policy 2022' which aims to set up 22 gigawatt (GW) of green energy projects by 2027 in the state, Sharma told PTI [...]
