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PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants
The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more
GeM to implement penal interest for delayed payments by govt departments
Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more
Fan Industry revives amidst rising demand and energy efficiency transition
The Indian fan industry boasts an estimated worth of approximately Rs 10,500 crore, with approximately 200 entities operating in the segment, including 14 well-known brands.Read more
Corning chooses Telangana for revolutionary gorilla glass facility
With a rich legacy spanning over 172 years, Corning Inc. is renowned for its expertise in glass science, ceramics science, and optical physics. This venture is expected to create employment opportunities for more than 800 individuals.Read more
Addverb bags Brandon Hall Global HCM Excellence Award
The company earned this prestigious accolade for their innovative "First-Time Manager" initiative, recognised in the "Best Development Program for Frontline Leaders" category.Read more
Bostik presents the world’s first RecyClass Specialty Films & Flexible Packaging Global Summit 2023
Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, showcased Bostik SF10M, the world’s first RecyClass approved laminating adhesive, at the 10th Specialty Films & Flexible Packaging Global Summit.Read more
Schaeffler India acquires fast-growing B2B e-commerce platform Koovers
Koovers is a brand of KRSV Innovative Auto Solutions Private Limited. Schaeffler has acquired 100 per cent of the company’s shares via a share purchase agreement.Read more
Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment
The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more
UK consortium launches I-Break Project for aerospace innovation
Under the aegis of the Aerospace Technology Institute (ATI) Programme, I-Break receives funding as part of a broader United Kingdom government initiative, with £218 million earmarked for pioneering research and development endeavours in the aerospace sector.Read more
Asia's export powerhouses face manufacturing slump amidst weak demand
According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more