The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions from the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has been appointed to manage the affairs of both companies, whose boards have been suspended.
CREDAI has partnered with Adani Cement to promote sustainable construction practices across India. Adani Cement will provide green concrete solutions and technical support to CREDAI members. CREDAI also launched the Green India Council for reforestation and the Skilling Council to develop a future-ready workforce, starting with a large-scale reforestation project in Nashik, Maharashtra.
“It is in the interest of the US, Iran, and other West Asian producers to keep oil flowing without disruption,” said a refinery executive, speaking on the condition of anonymity. “Producers in the region will not want their trade disrupted, and Trump will be wary of global supply shocks that could push up US pump…
Apple’s study reveals that current AI models mimic intelligence without true understanding. This has divided the AI community. Some experts support Apple’s findings, highlighting the models’ inability to solve complex problems. Others criticize the study’s design, showing that AI can perform well with coding. The research impacts Apple’s AI strategy and raises questions about the…
Coloured gemstones are gaining popularity among young Indians. Bollywood celebrities and rising gold prices are driving this trend. The Indian coloured gemstone market is expected to reach $1.9 billion by 2033. Rare gems like tanzanite and paraiba tourmaline are in demand. Jaipur is a major hub for cutting and polishing these imported gemstones.
Escalating tensions between Israel and Iran have propelled domestic gold prices above ₹1,00,000 per 10 gm, reaching ₹99,170 before GST, driven by increased safe-haven demand. The overnight attack on Iran’s nuclear sites and military leadership by Israel, coupled with fears of global recession and US-China tariffs, further fueled the rally. Analysts suggest potential de-escalation could…
Following Thursday’s tragic plane crash, Air India and Tata Sons have swiftly mobilized support for affected families, deploying teams to key sites for coordination and assistance. Chairman N Chandrasekaran expressed deep sorrow, emphasizing the company’s commitment to understanding the cause and cooperating fully with investigative teams from India, the UK, and the US.
The AI-171 Ahmedabad-London flight crash raises concerns. Past incidents involving Air India’s B787 Dreamliners show errors. A similar flight faced fighter jet escort in 2017 due to headset issues. Another flight had engine failure in 2023. Smoke in the cabin caused emergency landings. One aircraft even struck a building. These incidents highlight human error and…
IndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical risks and diminished reinsurance capacity following the recent Air India plane crash. The crash could lead to substantial hull and liability claims, impacting global reinsurance markets.
Following a deadly crash in Ahmedabad, the DGCA has ordered enhanced inspections of Air India’s Boeing 787s. The scrutiny will include checks of take-off parameters and past technical snags. Boeing has issued a service bulletin stating no additional measures are needed. The flight data recorder has been recovered. Search continues for the cockpit voice recorder.
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