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Schaeffler India appoints Hardevi Vazirani as Director Finance & CFO

In this position, Vazirani will succeed Satish Patel, who is retiring from the company on February 12, 2024, after a career spanning three decades.Read more

Igus finances Plastic Fischer's initiative of collecting plastic waste in Indian rivers

A non-profit company, Plastic Fischer is working since 2021 to fight marine pollution and protect marine biodiversity. Its river-cleaning initiatives are supported by companies such as igus in Cologne, which is financing the collection of altogether 10,000 kilogrammes of plastic waste.Read more

Vayana TradeXchange hosts roadshow in Gujarat for exporters

The event was organised in association with International Financial Services Centres Authority (IFSCA) and saw participation of various export promotion councils, banks, factoring & insurance companies, exporters/importers, MSMEs, officials from trade credit insurance companies, etc.Read more

Sterlite Power gets Rs 305 Cr funding from Aseem Infra Finance

Sterlite Power, a leading power transmission developer and solutions provider has achieved financial closure for its Kishtwar Transmission Limited (KTL) project located in Jammu and Kashmir (J&K).Read more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Budget 2023: Revving up manufacturing with duty revisions and capex boost

By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more

Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23

The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more

Economic Survey: Indian economy is poised for faster growth in the coming decade

Considering the evolving geo-political situation, the Survey notes that India has an opportunity to benefit from the diversification of global supply chains.Read more

L&T named as second strongest global engineering & construction brand

L&T has also been ranked as the ‘third fastest growing brand’ by the London-based consultancy in its ‘engineering & construction 50 – 2022’ report.Read more

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