Only 15 per cent of the 267 insolvency cases admitted in company law tribunals during October-December 2022 reached resolution with overall recovery of just 27 per cent of claimed amount, the IBBI data showed. As much as 45 per cent cases were concluded through liquidation, according to a Kotak Securities analysis of the latest data [...]
A high-level Indian delegation called on Sri Lankan President Ranil Wickremesinghe here on Sunday and briefed him on the developments in the jointly-identified priority areas for bilateral collaboration in the crucial energy sector. President Wickremesinghe provided his insights on the early implementation of these initiatives when the delegation led by Pankaj Jain, Secretary, Ministry of [...]
Bharti Enterprise-backed OneWeb on Sunday completed its constellation of 618 low earth orbit satellites that would allow it to offer broadband internet services from space in every corner of the world. Indian Space Research Organisation's Launch Vehicle Mark-3 (LVM3) placed 36 OneWeb satellites in a low earth orbit following a successful launch from the Satish [...]
Preparations are in full swing in West Bengal's Darjeeling district for the 2nd Tourism Working Group Meeting of G20, which will begin on April 1, officials said on Sunday. At the first meeting held in Gujarat's Kachchh in February, five priorities were identified for the sector -- green tourism, digitalisation, skills, tourism MSMEs and destination [...]
Equity benchmark indices climbed in early trade on Monday, mainly on account of buying in index majors Reliance Industries and HDFC Bank as well as positive sentiments in the US market. The 30-share BSE Sensex climbed 137.55 points to 57,664.65 points in early trade. The broader NSE Nifty advanced 46.05 points to 16,991.10 points. Among [...]
Reserve Bank of India's central board on Friday reviewed the global and domestic economic situation as well as the associated challenges. The 601st meeting of the Central Board of Directors of Reserve Bank of India (RBI) was held at Hyderabad under the chairmanship of Governor Shaktikanta Das. "The board in its meeting reviewed the global [...]
India's forex kitty rose by USD 12.798 billion to USD 572.801 billion in the week ended March 17, the Reserve Bank said on Friday. In the previous reporting week, the reserves had dropped by USD 2.39 billion to a three-month low of USD 560.003 billion. It can be noted that in October 2021, the country's [...]
Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture [...]
The Enforcement Directorate Friday said it has attached a multi-storeyed commercial complex, worth more than Rs 252 crore, located in Delhi's Shalimar Bagh area in connection with a money laundering investigation linked to an alleged bank fraud case against the Ambience Group. The immovable property is named Ambience Tower and it belongs to a company [...]
Cash-strapped Pakistan has received a rollover of USD 2 billion in deposits for a period of one year from its all-weather ally China to help Islamabad get a much-required bailout from the IMF to stabilise its economy, a media report said on Friday. The rollover, which basically is not a loan but a financial deposit [...]
