PropShare Capital raises Rs 80 crore for commercial realty Read more at https://realty.economictimes.indiatimes.com/news/allied-industries/propshare-capital-raises-rs-80-crore-for-commercial-realty/76147815
SBI creates separate business vertical to drive MSME, agri finance Read more at https://www.business-standard.com/article/finance/sbi-creates-separate-business-vertical-to-drive-msme-agri-finance-120060300095_1.html
PSBs sanction loans worth Rs 10,362 cr under emergency credit scheme Read more at https://www.business-standard.com/article/finance/psbs-sanction-loans-worth-rs-10-362-cr-under-emergency-credit-scheme-120060300578_1.html
COVID-19 impact: India Inc’s IT spends may fall 8% in 2020 to $83.5 billion In an estimate released in November 2019, the research house had estimated a 6.6 percent growth in IT spends to USD 94 billion in 2020. Read more at https://www.moneycontrol.com/news/business/covid-19-impact-india-incs-it-spends-may-fall-8-in-2020-to-83-5-billion-5353221.html
PSBs disburse Rs 3,893 crore loans to MSMEs on June 1-2 PSBs have sanctioned loans worth Rs 10,361.75 crore under the 100 percent ECLGS starting June 1. Read More at https://www.moneycontrol.com/news/business/economy/psbs-disburse-rs-3893-crore-loans-to-msmes-on-june-1-2-5352831.html
Apple, Samsung, Oppo, Vivo, Xiaomi keen on setting up plants in India: Report Samsung, Foxconn, Wistron among others are likely to apply for a production-linked incentive (PLI) scheme nearly worth Rs 41,000 crore as India tries to woo smartphone makers to move and set up manufacturing plants in India, reported The Economic Times. Read more at https://www.moneycontrol.com/news/technology/apple-samsung-oppo-vivo-xiaomi-keen-on-setting-up-plants-in-india-report-5352561.htmlContinue reading
In November last year, the central government announced a Rs 25,000-crore fund to help complete over 1,500 stalled housing projects, including even those that have been declared NPAs (non-performing assets) or admitted for insolvency proceedings. https://realty.economictimes.indiatimes.com/news/industry/sbicap-ventures-lowers-irr-to-12-in-stress-fund-for-stalled-housing-projects/76128407
The firm closed the offering — Distress Opportunity Fund I (PDOF I) with online participation from over 150 investors include high net worth individuals, family offices, retail and institutional investors including a Japanese family office, in two weeks. https://realty.economictimes.indiatimes.com/news/allied-industries/propshare-capital-raises-rs-80-crore-for-commercial-realty/76147815
The minister chaired a video conference with officials from Ministry of Steel, Ministry of Road Transport and Highways, Ministry of Railways, INSDAG, SAIL and steel fabricators from Bhilai to work out the details of the plan. Read more at: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/dharmendra-pradhan-chairs-meeting-for-steel-fabrication-cluster-around-sails-bhilai-plant/articleshow/76154189.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
IT and Telecom Minister Ravi Shankar Prasad said India will initially aim to attract top 5 global mobile manufacturing companies and also promote five local companies that will be identified through a screening process. Read more at: https://economictimes.indiatimes.com/tech/hardware/govt-starts-inviting-application-for-rs-50000-cr-electronic-incentive-schemes/articleshow/76153644.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
