This fund under the Rural Livelihood Mission, will help those engaged in sewing, embroidery, production of disposable plates, spices, masks, an official spokesman said. Read more at: https://economictimes.indiatimes.com/news/politics-and-nation/yogi-adityanath-sets-up-rs-218-cr-fund-to-promote-self-employment/articleshow/75867713.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The Reserve Bank of India (RBI), in a separate release, said bank credit growth (y-o-y) decelerated for the fourth successive quarter in December 2019 as industrial credit growth (-0.8 per cent) moved to the negative terrain for the first time after September 2017. During the quarter, personal loans segment continued to grow at a robustContinue reading
FM Sitharaman had last week announced an economic support package for micro, small and medium enterprises (MSMEs), which includes disallowing global tender for government procurement up to Rs 200 crore. The MSME package announced last week comprised Rs 3 lakh crore of collateral-free loans, which would benefit about 45 lakh small businesses. Read more at:Continue reading
Ambani wants to bring down Reliance’s holding in Jio to around 75-80% before its listing https://economictimes.indiatimes.com/tech/ites/mukesh-ambanis-jio-may-get-up-to-1-billion-from-kkr/primeshow/75858039.cms
This acquisition has been done as per the provisions of the shareholder agreement. After this acquisition, the company through TPIPL holds 50 per cent stake in ABV. https://www.financialexpress.com/industry/tata-power-arm-tpipl-acquires-10-equity-in-abv-total-stake-rises-to-50/1965412/
The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis. The ECLGS was the second-biggest component of Rs 21 lakh crore comprehensive package announcedContinue reading
NWNT, a bootstrapped startup set up by psychiatrist Sandeep Vohra in 2011, uses augmented human intelligence-based technology to screen, evaluate, prevent and treat emotional and mental health disorders. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/dabur-chairman-amit-burman-buys-wellness-startup-stake/articleshow/75858410.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Amazon has been luring eateries with competitive commissions as a part of its larger plan to build a comprehensive product portfolio. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/amazon-launches-food-delivery-service-in-india/articleshow/75865792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Real estate associated with the life sciences sector is going to be one of the fastest growing targets for investment, the report said. https://www.livemint.com/news/india/us-china-trade-war-to-boost-real-estate-investments-in-india-report-11589865658309.html
The Bengaluru-based company has received approval from the Drug Controller General of India to conduct trials of favipiravir in the country, Strides Founder and Non-Executive Chairman Arun Kumar said on a post-earnings conference call, without giving any more details. Read more at: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/strides-pharma-to-conduct-trials-in-india-for-potential-covid-19-drug/articleshow/75860443.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
