Asia
Chinese economic activity surged in the first two months of 2021 when compared with the same coronavirus-battered period last year, though the picture was less rosy when weighed against growth momentum in the final months of 2020, the Wall Street Journal reported. Economic data released Monday by China’s National Bureau of Statistics showed industrial production, consumption, investment and home sales in January and February all jumping by more than 30% from the same period a year earlier, when the Chinese economy was largely shut down to contain the fast-spreading coronavirus.
The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed Manpasand Beverages Ltd, the Economic Times of India reported. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has appointed Arpan Maheshkumar Shah as Interim Resolution Professional for the company.