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Hyundai partners with HDFC bank to offer financing solutions on Click to Buy
In this partnership, Hyundai will offer its customers customised car financing solutions from HDFC Bank directly on the ‘Click to Buy’ online car buying platformRead more
Govt’s economic package to benefit machine tool industry: IMTMA
The momentum set by this economic package will help industries to pick themselves up from the economic slowdown and coronavirus outbreak that they were battling with, says Indradev Babu, President, IMTMARead more
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impact
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impactRead more
[Budget 2020] New NIRVIK scheme to provide higher export credit disbursement
FM Nirmala Sitharaman proposes allocation of Rs 27,300 crore for industry and commerce in FY21; and raises Customs Duties on number of productsRead more
[Budget 2020] Budget aims to give boost to MSME sector with number of proposals
MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more
[Budget 2020] FM announces new smart meters scheme; allocates Rs 22,000 crore to power and renewable sector
Smart meters scheme, which is aimed at reducing financial stress of Discoms, will help companies like Secure Meters, HPL Electric & Power Ltd, etcRead more
[Budget 2020] FM announces scheme to boost domestic manufacturing of electronic goods
Aim is to reduce reliance on Chinese imports of electronic components. FM also allocated Rs 8,000 cr for setting up National Mission on Quantum Computing to compete with US and China in this new field Read more
Govt reduces corporate tax to 22% and 15% for new manufacturing firms
Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more
Budget 2019 is significant for India’s machine tools industry: IMTMA
It is a positive step towards development of MSME sector and aims to position India as an elite manufacturing hub, says Indian Machine Tool Manufacturers' Association (IMTMA)Read more
Budget 2019-20 proposes PPP model for faster development of railways
It is estimated that Rs 50 lakh crores will be needed for railway infrastructure between 2018 and 2030, while capex outlays of Indian Railways are around 1.5 to 1.6 lakh crores per annumRead more