From Pune to Chennai: These are India’s best manufacturing hubs
From Pune to Chennai: These are India’s best manufacturing hubs. https://www.cnbctv18.com/photos/real-estate/from-pune-to-chennai-these-are-indias-best-manufacturing-hubs-5964791.htm/
JSW Energy shelves plan to buy GMR unit
The Sajjan Jindal group power generator in February said it will buy the 1,050 mw Kamalanga project located in Odisha for Rs 5,321 crore from the highly indebted GMR Group. Read more at: https://economictimes.indiatimes.com/industry/energy/power/jsw-energy-shelves-plan-to-buy-gmr-unit/articleshow/75858064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Domestic flights to resume in calibrated manner from May 25: Hardeep Puri
The announcement to resume the domestic airline services has come in exactly two months after the government had halted the airline services in the country following the imposition of the nationwide lockdown due to the Coronavirus outbreak. https://www.financialexpress.com/lifestyle/travel-tourism/domestic-flight-service-to-resume-civil-aviation-minister-makes-big-announcement-check-date/1965312/
Govt eases norms of partial credit guarantee scheme to help NBFCs, HFCs
Under the modified Partial Credit Guarantee Scheme, sovereign guarantee of up to 20 per cent of first loss will be provided to state-owned banks for purchase of bonds or commercial papers of NBFCs, MFIs and housing finance companies (HFCs) having a credit rating of AA or below, including unrated paper with original maturity of upContinue reading
India adds 1,043 MW of wind and solar utility scale capacity in Jan-Mar: Report
According to clean energy consultancy Bridge To India, the country added 328 MW of utility scale wind capacity in the quarter ended March, which was down 65 per cent as compared to 944 MW in January-March 2019. Read more at: https://economictimes.indiatimes.com/industry/energy/power/india-adds-1043-mw-of-wind-and-solar-utility-scale-capacity-in-jan-mar-report/articleshow/75826671.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Cabinet clears stimulus package for fisheries
The Scheme will be implemented during a period of 5 years from fiscal 2020-21 to fiscal 2024-25. Read more at: https://economictimes.indiatimes.com/news/economy/agriculture/cabinet-clears-stimulus-package-for-fisheries/articleshow/75846089.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Govt clears Rs 30,000 cr special liquidity scheme for stressed NBFCs, HFCs
This is a post facto approval from the Cabinet as the scheme was announced as part of the first tranche of the Rs 21 lakh crore comprehensive economic package. The statement further said an SPV would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the governmentContinue reading
MahaRERA invokes force majeure to provide relief till September 15
The final order invoking force majeure for Covid-19 was promulgated by MahaRERA secretary Vasant Prabhu on Monday in line with the advisory issued by the Ministry of Housing and Urban Affairs (MoHUA). https://realty.economictimes.indiatimes.com/news/regulatory/maharera-invokes-force-majeure-to-provide-relief-till-september-15/75839304
Piramal board approves Rs 500-crore NCD issue
The NCDs are proposed to be listed on wholesale debt market segment of NSE, it added. https://realty.economictimes.indiatimes.com/news/industry/piramal-board-approves-rs-500-crore-ncd-issue/75846136
German shoe brand walks out of China, sets foot in Agra
Von Wellx, owned by Casa Everz Gmbh, has announced the shifting of its entire production in China. Read more at: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/german-shoe-brand-walks-out-of-china-sets-foot-in-agra/articleshow/75840814.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
