Voluntary liquidation is becoming a preferred choice for promoters to close unviable businesses and avoid losses and compliance costs. Most companies opt for liquidation due to inactive operations (69%) or commercial inviability (17%). This trend reflects pragmatic corporate decision-making and regulatory compliance evolution, despite some promoters exploiting it to evade creditors.
Capital needs to remain high for Indian corporates: Moody's indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
TIME magazine: Reliance and Tata recognised among the World's Most Influential Companies by TIME indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Water scarcity in India presents opportunities for companies offering solutions, according to a J.P. Morgan report. India has 18% of the worlds population but only 4% of its freshwater. Key companies like Larsen & Toubro, Voltas, and Thermax are improving water efficiency and availability. The agriculture sector faces high groundwater exploitation, with the north-west region at critical risk. Additionally, 40% of power plants are in water-scarce areas, stressing the need for innovations like solar PV to reduce reliance on freshwater.
Modenik Lifestyle announced that former P&G India MD, LV Vaidyanathan, will become executive chairman in July, succeeding Sunil Sethi, who is retiring. Vaidyanathan brings over 25 years of experience and aims to drive growth and innovation. Sethi, who integrated Dixcy Textiles and Gokaldas Intimatewear, will remain on the board.