Logo

Logo

Business

Number of liquidations going down under IBC: IBBI chief

The Insolvency and Bankruptcy Board of India (IBBI) in its latest newsletter said that over the years since the introduction of the Insolvency and Bankruptcy Code (IBC), more companies are getting resolved, and the number of liquidations is going down.

Indian companies to clock 7-8% growth during March quarter: ICRA

Indian companies are likely to clock 7-8% revenue growth during the March quarter of the current fiscal year, domestic rating agency ICRA said on Monday. It highlighted that the growth will be led by revival in rural demand and uptick in government spending.

Rajasthan approves automated e-Stamping for bank guarantees

The Rajasthan government on Friday launched the automated e-Stamping (AeS) process for bank guarantees with Stock Holding Corporation, the state's Central Record-keeping Agency (CRA), and SWIFT India. The process is functional in the state through Stock Holding over SWIFT India's messaging platform for bank guarantees, according to a statement from SWIFT India.