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The company has signed a memorandum of understanding (MoU) with the Tamil Nadu government, covering Rs 2,277 crore of investments designed to expand its commercial vehicle production, DICV said in a statement. Read more at: https://economictimes.indiatimes.com/industry/auto/auto-news/dicv-to-invest-rs-2277-cr-to-expand-commercial-vehicle-production-at-oragadam-plant/articleshow/76071297.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Bharti Airtel and Reliance Jio Infocomm, India’s top two telcos, have been pushing for an early 4G spectrum sale given the surge in demand for data and voice services, and to buy back airwaves in circles where their permits are expiring next year. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/strapped-govt-to-fast-track-4-l-cr-of-4g-spectrum-sale/articleshow/76051915.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)”. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ntpc-to-foray-into-distribution-keen-to-buy-majority-stake-in-brpl-bypl/articleshow/76036517.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link. https://www.moneycontrol.com/news/india/tamil-nadu-inks-deals-for-over-rs-15100-crore-investment-to-create-47000-plus-jobs-5321801.html

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While the scheme has been broadly referred to as the MSME guarantee scheme, the terms of coverage are quite broad and will include other businesses as well. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/non-msmes-to-get-cheap-govt-guaranteed-loans-too/articleshow/76026013.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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