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Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area

Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.Read more

Hindustan Power Exchange crosses 100 MUs of power trading

Hindustan Power Exchange Ltd (HPX) - promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank – has crossed 100 MUs mark on July 21, 2022, of traded power since its launchRead more

Intelligent actuators provide flow control at Korean chemical plant

Over a 100 multi-turn and part-turn intelligent electric actuators have been installed at a new petrochemical site in Daesan, South Korea. The IQ actuators - supplied by Rotork - will provide flow control at the plant which produces ethylene, polyethylene and propylene.Read more

Atmanibhar Bharat: Revolutionising manufacturing industry

India’s manufacturers have a golden opportunity to make the best of the increasing demand in India along with the multinationals’ aspiration to diversify their production in an effort to include low-cost plants in countries. This would grow the manufacturing sector significantly by 2025 and also create million domestic job opportunities, writes Shreegopal Kabra.Read more

Tamper proof meter seal ideal for security and revenue protection

It is high time to start using new generation meter security seals which provide higher security than the decades old meter seals. The new generation seals, according to Rajesh Kumar Banka, are more robust and tamper proof. In today's smart meter digital era, meter security seals must have DPM 2D barcode or QR coded serial number for correctly reading and verifying the meter seal's serial number and logo through smart phone or barcode scanner.Read more

Elektrocraft plans to launch more sustainable products

As Laboratory equipment play a major in various industries like pharma & chemical industries, food processing, healthcare, etc.Read more

Vayana Network appoints Aneish Kumar as Senior Business Advisor

Aneish Kumar will play a vital role in strengthening Vayana Network’s partnerships across financiers and accelerate access to trade finance for supply chains. He has 38 years of cross-functional expertise.Read more

Ola Electric raises $100 million debt from Bank of Baroda

The first phase of Ola Future factory is nearing completion shortly, following which production trials.Read more

MSME body CIMSME requests RBI to extend repayment period under ECLGS

CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more

World Bank approves $500 million RAMP Program for MSME sector in India

The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more

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