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GCL Group and Softbank invest $ 930 million to establish a joint venture in India
The main content of the memorandum is that GCL Group and Softbank Investment have agreed to establish a joint venture company in Andhra Pradesh, India, either directly or through their respective affiliates or subsidiaries, of which Softbank Investment accounts for 60% and GCL Group 40%.Read more
5th EQUIPMENT INDIA Annual Awards
The Foundation of Infrastructure Research Studies Training (FIRST) recently hosted the 5th EQUIPMENT INDIA Annual Awards. Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery Co, was named the ‘Equipment India Person of the Year’ for 2017.Read more
Container handling equipment market worth 8.75 billion USD by 2025
The increasing containerised trade across the world, stringent emission regulations for container handling equipment, and strong demand in Asia Pacific and the Middle East would fuel the demand for container handling equipment.Read more
Relief for MSME borrowers registered under Goods and Services Tax (GST)
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. Read more
Four banks join Invoicemart TReDS platform to facilitate MSME suppliers
Four leading banks - Standard Chartered Bank, Allahabad Bank, Vijaya Bank and Yes Bank, have joined the digital invoice discounting platform Invoicemart - promoted by A. TREDS Ltd (a joint venture between Axis Bank Ltd and B2B e-commerce company Mjunction Services Ltd).Read more
YES Bank partners FTAPCCI to empower MSMEs to ‘scale-up’
YES Bank, India’s fourth largest private sector bank, launched a knowledge series on February 20, 2018 for top executives and promoters of micro, small and medium scale enterprises (MSMEs) in Hyderabad, in partnership with Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) to help local entrepreneurs scale their businesses to global audiences and gain competitive advantage.Read more
Cut government stake in banks below 50%: ASSOCHAM
The Punjab National Bank's fraudulent transactions worth INR 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50% in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors, ASSOCHAM has said.Read more
Gemalto launches the first biometric EMV card for contactless payments
Gemalto, has been selected by Bank of Cyprus to supply the world's first EMV biometric dual interface payment card for both chip and contactless payments. Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment terminals already installed in the country.Read more
Continental automates charging of electric vehicles and makes them a mobile power bank
Many drivers have long dreamed of the day when charging an all-electric or plug-in hybrid electric vehicle would be as easy as refueling a conventional model. Continental will be demonstrating at the Consumer Electronics Show (CES, January 9 to 12, 2018) in Las Vegas, its two new battery charging systems, both of which help to maximise the inherent advantages of electric vehicles.Read more
Dow banks on innovation to propel growth in India
The company, which works closely with over 300 customers to outline next generation priorities, emphasises on local R&D and collaboration across government, industry and academiaRead more