For the revival of the ancillary industry, several short-term and long-term efforts are required to be made by all stakeholders, a report on the theme of ‘Reviving the Pharma Ancillary industry’ said
Monthly Archives: June 2020
Small borrowers get short shrift in 100% guaranteed loans; pvt banks drag feet
Banks insist on business projections for the next 3-4 years to assess borrowers’ ability to repay the loan, giving preference to high-value loan accounts so as to complete the scheme’s target
Nobel Laureate Muhammad Yunus for building rural economy, urges MFIs to launch disaster fund
Yunus, was speaking on June 6, Saturday, at a webinar organised by Sa-Dhan, the platform for Indian MFIs
COVID Emergency Credit Facility for all businesses, not just MSMEs, clarifies FM Sitharaman
The Emergency Credit Line Facility mandates banks to provide term loans to MSMEs and businesses with Rs 100 crore turnover and Rs 25 crore amounting to 20 per cent of their outstanding credit as on February 29, 2020
Jio raises Rs 5,683 crore from Abu Dhabi Investment Authority; total investments near Rs 1 lakh crore
This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore
Amit Shah holds first of its kind virtual rally in Bihar; here are key highlights
The aim was to reach out to the people residing in the 243 assembly segments of the state which will be holding elections in October of this year
Amul pins ‘Exit the Dragon?’ tweet after getting back on Twitter
Amul had posted ‘Exit the Dragon?’ tweet on June 3 afternoon and its account went down on June 4 evening
Schools, colleges to reopen after August, says HRD Minister
The educational institutes would reopen in a phased manner; Green and Orange zones would reopen their institutes first and in order to maintain strict social distancing norms they would take place in two shifts
Why global PE giants are crazy about Jio?
Some experts see it as a post-coronavirus trend, when the American and Middle-East based global corporations tilt towards India, dumbing China
Indian Overseas Bank cuts lending rate by up to 0.30%
IOB slashed the interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors