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Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave

FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more

KARAM Industries forays into surgical face mask production

The all-new K-Air 3 Ply Surgical Face Masks under KARAM+ range are equipped with highest quality meltblown fabric to offer optimum protection. Price of the mask is Rs 4.50 per unit and comes in a pack of 50 masks.Read more

Indian labour market in worst condition since April-May 2020: CMIE

CMIE’s data about the Indian labour market states that the Indian labour market is in its worst condition since April-May 2020. The employment rate continues to worsen amidst the COVID-19 second wave.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

HARTING vaccination offer very well received

Contribution to the vaccination rate in the region/comprehensive campaignRead more

Bonfiglioli donates Rs. 28 million to fight Covid-19 in Chennai and Pune

Bonfiglioli donated Rs. 28 million worth of Covid-19 Medical Equipment and Essentials to Government Hospitals in Chennai and Pune.Read more

Ind-Ra: ECLGS extension to help mid and emerging corporates recover post Covid

The extension in the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) will support the liquidity of around one-third of mid and emerging corporates (MECs), according to India Ratings and Research (Ind-Ra).Read more

What to expect for auto manufacturing sector in 2021?

As auto industry starts to rebound (after witnessing a slowdown during pandemic), Nitin Lall, GM, Industrial Technique, Atlas Copco, lists down a few technology trends that will transform the automotive manufacturing industry in 2021Read more

Majority Of MSMEs in Pune to recover within next six months: Study

According to a survey conducted by the Pune-based MCCIA, 28% of total businesses will reach the pre-covid recovery in six months. The survey was conducted on 150 businesses of which 72% were MSMEs.Read more

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