Caterpillar Celebrates 100 Years, Highlights Team India’s Role

NFRA, IICA Launch Second Course for Audit Panel Members

The National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA) jointly launched the second four-month course for audit committee members and independent directors on 12 August 2025 in New Delhi.The initiative is part of a Memorandum of Understanding (MoU) signed in October 2024 to strengthen knowledge and capacity in corporate governance. The first course, The Directors’ Certification Programme for Audit Committee Members, ran from January to May 2025 and was attended by 79 participants. Following positive feedback, the second programme was inaugurated..

81 AAI Airports Record Rs 108.53 Billion Loss in 10 Years

Eighty-one airports operated by the Airports Authority of India (AAI) have collectively incurred losses of Rs 108.53 billion over the past 10 financial years, with 22 of these now non-operational. The figures were presented in the Rajya Sabha on 4 August by Minister of State for Civil Aviation Murlidhar Mohol in response to a query from Congress MP Jebi Mather Hisam.From 2015–2016 to 2024–2025, Safdarjung Airport in Delhi reported the highest losses at Rs 6.74 billion, followed by Agartala at Rs 6.05 billion, Hyderabad at Rs 5.65 billion, Dehradun at Rs 4.88 billion, and Vijayawada at Rs 4..

Mahindra to Boost South Africa Plant Output by Two-Thirds

Mahindra & Mahindra Ltd. is set to expand capacity at its South African assembly plant by two-thirds, targeting rising demand for budget vehicles in the continent’s largest economy. The facility, located near the port city of Durban, currently produces the Mahindra Pik-Up and will see output rise to 1,500 units a month from 900, according to Rajesh Gupta, CEO of the local unit. The company is also considering assembling additional models such as the Bolero and Veero pick-ups.Economic stagnation in South Africa has fuelled demand for more affordable cars, with Mahindra, Suzuki Motor Corp...