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Oerlikon Balzers signs 10-year contract with MTU Aero Engines

The collaboration will contribute to improving the efficiency of the PW1100G-JM aero engines by providing erosion-resistant coatings for MTU’s high-pressure compressor aerofoils. Read more

MSME body CIMSME requests RBI to extend repayment period under ECLGS

CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more

World Bank approves $500 million RAMP Program for MSME sector in India

The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more

India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact

Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more

igus builds 168 new products in the pandemic period working from home

Heavy investments in digitalisation, logistics and remote consulting paved way for innovation even during work from home conditions. Meanwhile, igus managed to increase online sales by 30 per cent in 2020 and mitigated the decline in sales by 4.8 per cent.Read more

DPIIT recognises 19896 since April 2020

30 States and UTs have announced specific Startup Policies to support startups. Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the greatest number of startups. The sectors which had the maximum registered startups are such as food processing, product development, application development, IT consulting and business support services.Read more

India’s GDP grows 1.6% in Q4 2020-21 aided by manufacturing push

For the entire financial year 2020-21, the GDP contracted 7.3 per cent — a record low. In January-March last year, the economy had grown 3 per cent.Read more

ASSOCHAM seeks support to enable industry face Covid-19 challenges

Deepak Sood, Secretary General, ASSOCHAM believes that this is time to support and spend without giving too much focus on the fiscal parameters.Read more

Relaxations under ECLGS 1 will serve MSMEs well: FICCI

FICCI had requested that the quantum under ECLGS should be doubled to Rs 6 lakh croreRead more

Piyush Goyal calls for more participants in the Government e-Marketplace

The pilot bidding of railways buyers through integrated system is expected to commence by August end. About Rs 50,000 cr worth of annual procurement may be done by the railways on GeM post the above integration.Read more

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