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Budget announces changes in customs duty for some products
Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more
Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs
To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more
IEEMA expects measures to boost electrical equipment industry growth in budget
The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more
Srei equipment finance business to be listed as separate entity
The move will result in listing of the company's equipment finance business through a composite scheme of arrangement and amalgamation.Read more
Notable India deals in Q2 2018
Debt funding: Sunsure Energy, a solar turnkey solutions provider, raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance.Read more
Aye Finance disburses Rs 700 crores loans to MSMEs
The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more
Rs 300 million debt from SBI to Aye Finance will benefit the MSME sector
Aye Finance, one of the upcoming money lenders of Micro, Small and Medium Enterprises (MSME) has raised Rs 300 million from SBI recently. The startup will be focussing to offer an affordable line of credit to the micro and small enterprises.Read more
NLC India Ltd
NLC India Ltd (NLCIL) formerly Neyveli Lignite Corporation is a profit making, Government of India Enterprise involved in mining of lignite and generation of power through lignite based thermal power plants. NLCIL comes under administrative control of Ministry of Coal and serves as an important source of power generation to the states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Telangana, Rajasthan and Union Territory of Pondicherry.Read more
Government's credit guarantee to reach Rs 500 billion under CGTMSE for FY19
With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more
New research highlights implementing an Industry 4.0 model could be achieved in a series of steps
A new research paper released by Siemens Financial Services (SFS) titled 'Practical Pathways to Industry 4.0' has identified six key challenges facing manufacturers in the process of moving to an Industry 4.0 model.Read more