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Shielding your profit
Security Seals are not just a statutory need, explains Rajesh Kumar Banka, they are meant to protect the profit too.Read more
Security seals for electric meters
Safcon Seals Pvt Ltd, a Kolkata based ISO 9001:2015 certified security seal company, offers a wide range of innovative patented security seals for energy meters, meter boxes, meter terminal covers, CT-PT and transformers etc., to provide highest level of protection and prevention of meter tampering and power theft. Safcon is a professional manufacturer of tamper evident security seals in India and exports their quality products worldwide. Safcon is the first manufacturers of Polycarbonate securiRead more
YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’
YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more
Inefficient logistics impacting competitiveness of Indian products
Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more
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