Private sector lender DCB Bank has launched a remittance service to facilitate customers send money online globally.
Manufacturers in the country have a positive outlook for the sector in the January-March quarter on the back of higher production, a report by industry body FICCI said.
Emmanuel Macron as the French President last year and the rapid economic reforms in both nations seem to have put a new energy in this relationship.
Magma Fincorp has registered 75 percent growth in its consolidated net profit at Rs 65 crore for third quarter ended December.
British small manufacturers reported the fastest rise in new orders since 1995 last month and are more optimistic about the year to come.
The State Bank of India said it has launched a new product to provide a short-term working capital demand loan to its MSME clients.
The loan restructuring mechanism should be bolstered if the govt were to get a firm grip on bad loans, said Meghwal.
Around 71 per cent of the SMEs in India are more optimistic about domestic economic growth over the next 12 months compared to their Asian counterparts, a survey said.
Looking to tap into the upbeat investor sentiment, as many as 36 SMEs have lined up IPOs to fund business expansion and meet working capital requirements.
BSE's SME platform seems to be generating significant interest from investors with 200 firms filing draft papers to raise funds through IPOs
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months