NCLT Clears Thermax Demerger for Strategic Focus

28 Dec 2023 CW Team

In a significant development, the National Company Law Tribunal (NCLT) has granted approval for the demerger of Thermax Cooling Solutions and Thermax Instrumentation. This move is poised to bring strategic advantages, allowing each entity to sharpen its focus on its core competencies and better cater to market demands. Thermax Cooling Solutions, with a robust portfolio in innovative cooling technologies, is set to leverage this demerger to streamline operations and pursue targeted R&D initiatives. Meanwhile, Thermax Instrumentation, a key player in precision instrumentation solutions, aims to enhance its market presence and responsiveness to industry-specific requirements. This strategic decision aligns with the evolving market dynamics, enabling both entities to adapt swiftly to industry changes. The demerger is expected to unlock new avenues for growth, fostering innovation and agility in addressing the distinct needs of the cooling solutions and instrumentation sectors.

Infrastructure Urban

09 Apr 2026

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..