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Revolutionising financing for small and medium enterprises
Exclusion of many MSMEs from formal lending ecosystems often inhibits their growth. Trade Receivables electronic Discounting System (TReDS) can be an useful tool for MSMEs to address cash flow challenges, opines Sundeep Mohindru.Read more
India: Leading global manufacturing
On April 11, 2024, the Asian Development Bank (ADB) - following the International Monetary Fund (IMF), World Bank, and Moody’s - raised India’s GDP growth forecast for 2024-25 to 7 per cent from the 6.7 per cent projected in December 2023Read more
Morgan Stanley says India unlikely to match China's 8-10% growth
Government officials have said the economy will likely grow 7 per cent in the fiscal year that begins in April, after an expected expansion of 7.6 per cent this financial yearRead more
Will exports turn positive amid Red Sea crisis?
Armed conflict in the Red Sea is affecting the global trade as the movement of goods has been hindered by the conflict since November last yearRead more
Why is UPS industry banking on green technology
Rising energy prices and environmental awareness is driving companies to develop green uninterruptible power supply (UPS) technology to reduce energy consumptionRead more
NTPC's USSC clinches top honor at 9th global procurement summit
The event organised by AIMA in collaboration with the World Bank, Ministry of Finance (MoF), and Ministry of Electronics and Information Technology (MoE&IT), witnessed fierce competition among 23 PSU and Non-PSU contestants.Read more
NIIF’s India-Japan fund to invest Rs 400 cr in Mahindra Last Mile Mobility
Fund focuses on investing in environmental sustainability and low carbon emission strategies, while also promoting investments by Japanese companies into India.Read more
IMF projects 6.3% growth for India despite inflation challenges
Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower.Read more
MSMEs Minister Anbarasan urges banks and insurers to aid Cyclone-Hit SMEs
According to a statement released by the state government, the minister also instructed insurance companies to promptly settle claims filed by businesses for damages to their machinery, raw materials, and finished products.Read more
Adani Green Energy secures record $1.36 bn funding for world's largest RE park
This achievement represents the company's largest project financing to date under the Construction Financing Framework, augmenting the total funding pool to $3 billion since the initial project financing in March 2021.Read more