March Sees 10.7% Surge in Engineering Goods Exports

Engineering goods exports to the US and shipments to China

In the fiscal year 2022–2023, the US remained India's biggest export market for engineering goods, with a total value of shipments that increased by 6.8% annually to $18.67 billion.

The UK, Germany, Singapore, Saudi Arabia, Mexico, and Indonesia are some of the other significant areas that experienced good growth.

Month after month, China imports of engineering products decreased. Engineering exports to China decreased 52.4% from the previous year to $2.63 billion in FY23, down from $5.53 billion.

UAE, Turkey, and Thailand were among the other leading markets with ..

NCLAT Halts ATS Projects' Insolvency

The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.

The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..

IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer

IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.

The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..