Reserve Bank on Wednesday came out with Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme. In case of those who had availed the loan restructuring under the earlier scheme, … Read more
Category: Business and Finance
Serum Institute to invest 240 million pounds in UK
The Serum Institute of India will invest GBP 240 million in the UK to expand its vaccine business and set up a new sales office creating a large number of jobs, Downing Street has announced as part of plans for a GBP 1 billion India-UK Enhanced Trade Partnership creating around … Read more
Amrita Vishwa Vidyapeetham Scientists Launch N96 Nano Mask with 99.9% Filtration Efficiency
Guwahati: Scientists of Centre for Nanosciences & Molecular Medicine at Amrita Vishwa Vidyapeetham have launched a unique three-ply N96 Nano Mask based on cutting-edge nanotechnology. It is cost effective and offers far superior filtration and breathability than the conventional N95 and surgical masks. The Amrita N96 Nano Mask, costing less … Read more
Amid Pandemic more than 280 companies became bankrupt
National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the minister of state for corporate affairs, Anurag Thakur, also said that during the … Read more
DVARA KGFS RAISES 8 MILLION EUROS AS EXTERNAL COMMERCIAL BORROWINGS
Guwahati, 24th March 2021: Dvara KGFS, a NBFC operating in deep rural pockets of India, announced that they have raised 8 Million Euros from leading European social impact funds, Invest In Visions, Germany (IIV) and Darlehenskasse Muenster, Luxembourg (DKM) as External Commercial Borrowings (ECB). The company intends to deploy the ECB proceeds … Read more
Credit Flow to New Entrepreneurs and Businesses has to Increase: PM Modi
Prime Minister Narendra Modi on Friday said that his government is determined on increasing the credit flow to businesses to meet the needs of the recovering economy and added that financial products will need to be tailor-made for fintech and startups. Addressing a webinar on the implementation of Budget in … Read more
Rupee surges 11 paise to 72.54 against US dollar in early trade
The rupee appreciated 11 paise to 72.54 against the US dollar in opening trade on Monday supported by sustained foreign fund inflows and weakness of the American currency in the overseas market. At the interbank forex market, the domestic unit opened at 72.58 against the US dollar and inched higher … Read more