New Delhi, May 27 (KNN) Delhi-based Confederation of All India Traders (CAIT) has welcomed remarks made by Nirmala Sitharaman at a recent SIDBI event, where she stressed that standard financial products cannot adequately address the needs of non-standard businesses and called for credit products aligned with enterprise-specific business cycles. Continue Reading
New Delhi, May 26 (KNN) Despite robust balance sheets and favourable long-term growth prospects, Indian corporates face near-term credit pressure from elevated energy prices and geopolitical uncertainty, Moody’s Ratings said on Monday, while its Indian affiliate ICRA revised the outlook to negative for several key sectors. Energy Costs the PrimaryContinue Reading
New Delhi, May 26 (KNN) Union Finance Minister Nirmala Sitharaman on Monday launched a series of initiatives aimed at expanding credit access, supporting rural enterprise modernisation, and deepening financial infrastructure for micro, small and medium enterprises (MSMEs) at the Foundation Day event of the Small Industries Development Bank of IndiaContinue Reading
New Delhi, May 26 (KNN) The Small Industries Development Bank of India (SIDBI) is actively developing a co-lending model with Regional Rural Banks (RRBs) to extend affordable credit to micro, small and medium enterprises (MSMEs) in rural and semi-urban India. At the institution’s 37th Foundation Day event, SIDBI Chairman andContinue Reading
New Delhi, May 26 (KNN) The Reserve Bank of India (RBI) has constituted an expert committee to examine the opportunities and risks arising from quantum technologies and recommend a roadmap for building a quantum-secure financial ecosystem in India. Quantum technology is increasingly being seen as a transformative innovation capableContinue Reading
Mumbai, May 26 (KNN) Hindustan Petroleum Corporation Limited and Tata Motors have signed a Memorandum of Understanding (MoU) to pilot a structured and scalable model for the collection and recycling of used automotive lubricants, supporting India’s circular economy ambitions and compliance with evolving Extended Producer Responsibility (EPR) regulations. TheContinue Reading
New Delhi, May 25 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has released operational guidelines for the BHAVYA scheme — Bharat Audyogik Vikas Yojna — a central sector programme aimed at developing investment-ready industrial parks across the country, with a total outlay of Rs. 33,660 croreContinue Reading
