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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

Mahindra Group to enable US companies to expand global manufacturing footprint

The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways including modular plug-and-play suite of offerings.Read more

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