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Aluminum Co. becomes first to get debt resolution from banks under pre-pack rules

Sudal Industries, an aluminium products manufacturer, has become the first Indian company to get a debt resolution from banks under the insolvency pre-pack mechanism introduced for micro, small and medium-sized businesses (MSMEs). Only six cases have been admitted by NCLT under the pre-pack insolvency resolution process that was introduced in 2021 for the MSME sector to ensure that financial stress faced by smaller companies is resolved quickly for the overall health of the economy.
Jammu And Kashmir Bhanu Pratap Singh Verma Prashant Jain Shree Rajasthan Syntex Sudal Industries Loon Land Development

China's natural disasters cause 147 deaths, missing, over $5b in economic loss in July

Chinas natural disasters including floods, typhoons and geological disasters have affected more than 16 million people, with 147 people dead or missing, and the direct economic losses amounted to 41.18 billion yuan ($5.74 billion) in July, the worst this year, according to Chinas Ministry of Emergency Management on Friday.
Nei Mongol South China Sea Brunei General Inner Mongolia Autonomous Region Pacific Ocean China Ministry Of Emergency Management On

Could the world go PFAS-free? Proposal to ban 'forever chemicals' fuels debate

A European agency is considering sweeping restrictions on fluorinated chemicals used in jet engines, electric cars, refrigeration systems, semiconductors and many consumer products. A European agency is considering sweeping restrictions on fluorinated chemicals used in jet engines, electric cars, refrigeration systems, semiconductors and many consumer products.
United Kingdom United States British Columbia North Carolina Vastra Gotalands Lan Cheng Zhang
Source: nature.com

China's Q2 GDP growth expected to see fastest pace in 2 yrs; challenges 'normal' during recovery

Chinese officials said on Friday that Chinas economic recovery remains on track, with positive improvements in the economic cycle, residents income and consumption, and has effectively coped with changes in the external environment amid an intricate and complex global geo-economic situation.
Liu Guoqiang Chinese Academy Of Social Sciences People Bank China Media Group International Monetary Fund Council On

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