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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

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

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