DCB Bank launches online service to send money globally

Mar 12 2018

Private sector lender DCB Bank has launched a remittance service to facilitate customers send money online globally.

Manufacturing outlook positive for Jan-Mar qtr: FICCI

Mar 11 2018

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.

Need to infuse new dynamism into stale India-France ties

Mar 09 2018

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 Q3 net jumps 75 percent at Rs 65 crore

Feb 02 2018

Magma Fincorp has registered 75 percent growth in its consolidated net profit at Rs 65 crore for third quarter ended December.

UK small manufacturers see fastest rise in new orders since 1995

Feb 01 2018

British small manufacturers reported the fastest rise in new orders since 1995 last month and are more optimistic about the year to come.

SBI's SME Assist to provide short-term loans to MSME clients

Oct 12 2017

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.

Need to strengthen loan restructuring mechanism: Meghwal

Jun 11 2017

The loan restructuring mechanism should be bolstered if the govt were to get a firm grip on bad loans, said Meghwal.

'71% Indian SMEs optimistic about domestic economic growth in 2017'

Jun 01 2017

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.

IPO rush on SME platform; 36 cos line-up plans

Mar 03 2017

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 SME platform receives 200 draft prospectus

Feb 16 2017

BSE's SME platform seems to be generating significant interest from investors with 200 firms filing draft papers to raise funds through IPOs

Indian Markets


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Stocks In News



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

Mint Reports


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

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