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India explores global partnerships for indigenous hydrogen-powered trains
The Indian Railways is advancing the creation of a prototype train utilising hydrogen fuel cells, offering a more eco-friendly alternative to traditional diesel locomotives.Read more
REC signs MoU with RailTel to finance infra projects in Telecom, IT, railway signalling
MoU extends to the possibility of financing overseas ventures related to High-Speed Rail, metro, IT network, and the Upgradation of Railway Network.Read more
Siemens Energy contemplates stake sale in Siemens Ltd to strengthen finances
Siemens AG already holds a 51% stake in Siemens Ltd, and increasing this shareholding could prove to be a strategic maneuver, more palatable to the group's shareholders.Read more
KCCI urges fair treatment for MSMEs in NCLT resolutions
In a letter addressed to Union Finance Minister Nirmala Sitharaman on October 7, Chamber President Ananthesh V Prabhu expressed concerns about the bleak prospects for MSMEs in recovering their dues after engaging in business with LLCs that end up before tRead more
G20 commits to boost MSME Sector: Eased regulations, access to capital
The New Delhi Declaration, adopted recently, recognises startups and Micro, Small, and Medium Enterprises (MSMEs) as natural drivers of growth, essential for driving innovation and employment.Read more
Serentica secures Rs 2600 crore funding from PFC for its renewable energy projects
Funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid renewable energy projects in Karnataka.Read more
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
Apple Takes Strategic Steps to Enhance Local Component Manufacturing in India
Apple's strategic moves to bolster local manufacturing in India for market expansionRead more
