Evergrande applied for another adjournment on Monday as its lawyer said it had made “some progress” on the restructuring proposal. A Hong Kong court on Monday ordered the liquidation of property giant ChinaEvergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain a deepening crisis. Justice Linda… Continue reading HK court orders China Evergrande to liquidate with debts of USD 300 bn
Author: Economic Times of India Online News
Pitch for biz: Invest Goa kicks off today, event to focus on logistics, med devices
Dempo said that a business-friendly environment, government policies, and the availability of a skilled workforce are important for industrial growth. The Invest Goa 2024 summit will kick off today with government presenting to over 400 delegates a strong pitch that the state is an attractive business destination. Chief minister Pramod Sawant will hold one-on-one meetings… Continue reading Pitch for biz: Invest Goa kicks off today, event to focus on logistics, med devices
56k challans, INR 3.6cr in fine in ’23 fail to deter traffic rule violators
Additional DCP (Traffic) Basant Kaul said that traffic police have a force of around 500 policemen, who conduct vehicle checking at more than 20 points across the city on a daily basis. The city traffic police issued challans to 56,828 people in 2023 for violating traffic rules between Jan 1 and Dec 31. Traffic police… Continue reading 56k challans, INR 3.6cr in fine in ’23 fail to deter traffic rule violators
Over 400 vehicles damaged after fire breaks out at Delhi police training school in Wazirabad
The Department of Delhi Fire Services also said that as many as 200 four-wheelers and 250 two-wheelers were gutted in a fire that broke out at the Police Training School. New Delhi : A severe fire broke out at the Delhi Police Training School located in Wazirabad of North Delhi in the early hours of… Continue reading Over 400 vehicles damaged after fire breaks out at Delhi police training school in Wazirabad
Coal India, WCL to set up green energy projects at closed mines in Chhindwara area: Coal Secy
” WCL will survey more such de-coaled assets in the region and after assessment by experts, WCL will try to make optimum use of those assets of WCL which have been de-coaled,” he said. Coal India and its subsidiary Western Coalfields have identified four to five closed mines in the Chhindwara Pench area for setting… Continue reading Coal India, WCL to set up green energy projects at closed mines in Chhindwara area: Coal Secy
Delhi assembly Budget session from Feb 15-20; health, education, roads among priorities
In the financial year 2023-24, the Kejriwal government had a whopping INR 78,800-crore budget outlay, with focus on a ‘Clean, Beautiful, and Modern Delhi’. New Delhi: The Kejriwal government will present its tenth budget in the budget session of Delhi Assembly to be held from February 15-20, with a focus on health, education, roads and… Continue reading Delhi assembly Budget session from Feb 15-20; health, education, roads among priorities
Punjab CM launches ‘Sadak Surakhya Force’ to streamline traffic, check road accidents
Mann said the force will have 144 vehicles and 5,000 employees who will be deployed on the roads every 30 kilometres to protect people. Punjab Chief Minister Bhagwant Mann on Saturday rolled out a specialised ‘Sadak Surakhya Force‘ to streamline traffic movement and check road accidents in the state. Addressing a gathering on the occasion… Continue reading Punjab CM launches ‘Sadak Surakhya Force’ to streamline traffic, check road accidents
MPIDC gets INR 3k cr investment proposals in a yr
MPIDC also held a meeting with around 50 industrialists of Vikram Udyogpuri this week to get their feedback and understand challenges and grievances faced by industries. Industrial areas of Ujjain have seen a spike in investment proposals with many small and medium sized industries taking up land parcels in the district, said Madhya Pradesh Industrial… Continue reading MPIDC gets INR 3k cr investment proposals in a yr
Budget 2024 Expectations: Auto companies seek continued push to green mobility, infrastructure development
Luxury vehicles currently attract the top GST slab of 28% with an additional cess of 20% on sedans and 22% on SUVs, taking the total tax incidence to up to 50%. Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust… Continue reading Budget 2024 Expectations: Auto companies seek continued push to green mobility, infrastructure development
Ola founder’s Krutrim India’s 1st AI unicorn
Aggarwal recently launched “Made for India” ChatGPT equivalent that he said will support 10 Indian languages. Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has raised USD 50 million in a funding round led by Matrix Partners India. Aggarwal said the funding was at a valuation of over USD 1 billion. This makes it… Continue reading Ola founder’s Krutrim India’s 1st AI unicorn