Author: Arup Roychoudhury

Lenovo, the largest maker of PCs and laptops globally, is now focusing on servers for AI and plans to manufacture them at its Puducherry plant. In an interview with DH, Lenovo India MD Shailendra Katyal discussed the market scenario, especially with the upcoming Windows 11 and AI trends. Lenovo is optimistic about demand globally and in India due to stable policies and PLI schemes. Despite challenges, the company is excited about AI use cases and the rapid growth of its server business. In terms of market share, Lenovo is looking to target government and education sectors, aiming to address low…

Finance Minister Nirmala Sitharaman praised the outcomes of the Insolvency and Bankruptcy Code, stating that it has revolutionized the debtor-creditor relation and provided a single solution for insolvency issues. She criticized the Congress for not taking similar progressive steps for India’s growth. Since its implementation in 2016, the IBC has rescued 3,171 distressed companies, a significant improvement over the erstwhile BIFR that resolved fewer cases in nearly 30 years. Sitharaman emphasized the importance of IBC in enhancing corporate governance and recovering Rs 3.36 lakh crore, 32% of claims and 162% of liquidation value. The minister highlighted the evolving nature of…