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IBC an opportunity for asset reconstruction cos: Arun Jaitley

Insolvency and Bankruptcy Code (IBC) and the government’s emphasis on resolution provide opportunity for asset reconstruction companies as stressed assets still have inherent value, Finance Minister Arun Jaitley said. During discussions with Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) today, he said these non-performing assets (NPAs) were essentially ... Read More »

Lockheed Martin signs pact with Tata to make F-16 planes in India

PARIS: Lockheed Martin signed an agreement with India’s Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military. India’s Air Force needs hundreds of ... Read More »

IOC to set up Rs 600 crore plant in Haryana to produce ethanol: Report

Indian Oil Corporation (IOC) is reportedly planning to set up Rs 600 crore plant for the production of second generation ethanol in Haryana. In this regard, the Haryana Government has accepted the investment proposal which approved by the empowered executive committee. The plant will use plant waste, stubble, husk and ... Read More »

Udaipur-IIM starts deferred placement to encourage entrepreneurship

Udaipur : Following the footsteps of IITs, the Indian Institute of Management-Udaipur has introduced ‘deferred placements’ aiming to promote entrepreneurship among its students. Deferred placements means students who are keen on start-ups can jump the placements sessions for two years even after they pass out from the institute. The IIM ... Read More »

Now poor girls to get household expenses under ‘Apki Beti ‘ scheme

Udaipur : To improve access to education to girls from poor families, the government has come up with a new scheme to provide monetary assistance so as to save them from quitting schools owing to financial restraints. Some twenty five thousand single parent/orphan girls reading in the government schools have been ... Read More »

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