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Tata Power Solar, SIDBI sign MoU to offer easy financing to MSMEs for solar adoption
MoU signed in the presence of Union Minister of State for Finance, Dr Bhagwat Karad at the Global SME Finance Forum 2023, Mumbai.Read more
DFC Board approves $425 mn in financing for Tata Power’s greenfield manufacturing plant in Tamil Nadu
DFC is America’s development finance institution. It is financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant.Read more
Bajaj Finance plans to venture into SME, 4-wheelers, tractor financing
During Q1FY24, Bajaj Finance recorded a significant increase, with 79.94 million new loans, representing a 34% growth compared to the previous year.Read more
Greening Enterprise Eco system, SIDBIs dedicates Mission 50K-EV4ECO
Small Industries Development Bank of India (SIDBI) with the aim to strengthen the EV ecosystem, launched Mission 50K-EV4ECO which will unlock the market by providing better financing terms for electric two- wheeler, three-wheeler, and four-wheeler (2W, 3W and 4W) vehicles purchase. Read more
How EV market will look like in India in 2023 onwards
India needs at least 2 million public EV charging points by 2030 to achieve EV adoption targets, says Vikrant K Aggarwal.Read more
States committing to power sector reforms incentivised
Funding under Centrally Sponsored Schemes has now been made contingent upon the power sector reforms that any state is willing to undertake.Read more
Bangalore-based Zetwerk raised $150 million in new funding
Zetwerk has raised $150 million in a Series E financing round. The company plans to deploy the fresh capital to broaden its technology stack and expand to more international markets.Read more
Ola Electric raises $100 million debt from Bank of Baroda
The first phase of Ola Future factory is nearing completion shortly, following which production trials.Read more
Sohinder Gill: A lot more needs to be done to achieve FAME II target
Timely intervention by the government in a form of policy change is required to fuel the growth, believes Gill. Read more
World Bank steps up during Covid 19 with financing approvals exceeding $100
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman stated this during the 103rd Meeting of the Development Committee Plenary via video conferencing recently. Read more
