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Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept

The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more

IMTMA supports Indian machine tools for MSME tool rooms

Recently, for tenders - floated by MSME Ministry for acquiring CNC machines, measuring instruments and accessories - none of the Indian machines were selected. Now, IMTMA has requested the government to reconsider offers submitted by Indian manufacturers.Read more

Cost-effective ways to improve cargo security using security seals

Safety requirements for transport and warehousing of goods have been continuously increasing over the last few years. Security seals can offer easy-to-use and cost-effective form of protection, says Rajesh Kumar Banka.Read more

Hyundai partners with HDFC bank to offer financing solutions on Click to Buy

In this partnership, Hyundai will offer its customers customised car financing solutions from HDFC Bank directly on the ‘Click to Buy’ online car buying platformRead more

RBI takes steps to reduce COVID 19 stress on financial system

RBI has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effectRead more

Is worst behind us?

With India facing longer-than-expected phase of economic slowdown, the International Monetary Fund (IMF) has urged the government to take urgent policy actions to address the current downturn.Read more

LANXESS considers sustainable revolving credit facility of EUR 1 bn

The revolving credit facility is intended to secure the company’s liquidity in the long term and thus to provide financial backup for growth.Read more

IPF SME Forum: Unleashing India’s growth

The forum - titled “Make in India: Challenges & Opportunities before SMEs” - was hosted to identify stumbling blocks on the growth path of SMEs and measures to be taken to ensure their prosperity.Read more

Auto part makers bank on robots for enhancing efficiency

Automotive industry has been an early adopter of robotics for application such as welding, painting, glue dispensing, etc.Read more

Are interest rates set for a sharp fall? Will RBI reduce interest rates by 50 basis points?

With India’s economic growth likely to slip under 7 per cent, all eyes are on the meeting of the Monetary Policy Committee of India scheduled in the first week of JuneRead more

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