The Delhi bench ordered liquidation after CIRP expired without a resolution plan securing the required 66% creditor approval, pushing the EV maker into an asset sale under the IBC process
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India’s economy is poised for robust growth, with Fitch Ratings projecting 7.5% expansion for the fiscal year ending March 2026, exceeding earlier forecasts. Strong domestic demand, fueled by consumer spending and investment, is the primary driver. Despite a recent slowdown,…
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Indian automobile sales surged in February, marking the highest ever for the month. Passenger vehicles, two-wheelers, and three-wheelers recorded double-digit growth. This robust performance follows recent GST reductions. The industry anticipates continued demand in March. However, ongoing West Asia conflict…
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The Reserve Bank of India injected Rs 50,000 crore into the banking system via an open market operation to manage liquidity ahead of tax payments. This move supported India’s benchmark 10-year bond yield, which remained flat. The RBI has infused…
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The acquisition signals early traction for GIFT City’s maritime financing ecosystem as India seeks to expand Indian-flagged shipping, attract overseas capital and strengthen energy logistics.
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India Inc’s factory operations face disruption due to commercial LPG rationing. The Gulf war’s impact on supplies is affecting manufacturing processes and even canteen menus. Companies are switching to electric cooking equipment and offering simpler meals to workers. This situation…
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