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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

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

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