Author: Kanupriya Sheopuri

As the world marks 10 years of the Great Recession, India’s Infrastructure Leasing & Financial Services firm begins a painful path to recovery from a deep financial crisis. Close on the heels of the bankrupt Lehman Brothers, IL&FS is straddled with a large number of troubled infrastructure projects, unpaid debt repayments, default on interest payments on commercial papers and nearly 60% of non-convertible debentures that are not secured by physical assets or securities. The bloodbath of the 2008 crisis deepened by Lehman Brothers (a global financial services firm) is in some ways being mirrored by IL&FS. What is IL&FS and…

India, a 71-year-old democratic nation, is standing at the cusp of an industrial transformation, with AI and Internet of Things (IoT) finally spreading its tentacles, even though they lag when compared to regions like China. With increasing urbanisation, living in a high-tech and advanced city that connects people through sustainable machine to machine communication (M2M), offers sustainable, greener, more competitive and innovative commerce and better lifestyle, seems more plausible than ever. Prime Minister Narendra Modi’s Smart City Mission claims to be working on the development of 100 smart cities in India. AI and IoT will act as catalysts for creating…