Bank holiday today, 14 March: Yes, the banks will remain closed on Saturday, 14 March, because it is the second Saturday of the month. According to the RBI bank holiday calendar, banks typically remain closed on the second and fourth Saturdays. They remain open on the first, third and fifth Saturdays of every month. This…
MSMEs must obtain loans for green operations before receiving government benefits, according to the scheme guidelines. “Many MSEs are already credit-constrained, making them reluctant to borrow additional funds for sustainability upgrades. India’s MSMEs operate largely in industrial clusters such as textiles, ceramics, engineering, leather, and foundries, but the scheme is structured around individual enterprise financing…
The telecom regulator has proposed additional charges and penalties on operators that allow bulk spam calls and messages, as the menace has exploded with the rise of automation. A maximum of 5 paise per minute termination charge will have to be paid by the operator from whose network robocalls originate—from numbers other than 1400 or…
As consumers trade up to higher-value products, India’s consumer packaged goods companies are beginning to see gains from their push into premium personal care and new-age categories. Premium portfolios, from specialized haircare and skincare to digital-first grooming products, are growing faster than mass segments, helping support margins at a time when demand across the broader…
Traditionally, makers of air conditioners and coolers, would plan production ahead of seasonal patterns, said Jasraaj S. Kalra, managing director, Noble Group, an Indian supplier to original equipment manufacturer in electronics and durables. But extreme heatwaves, delayed summers, and early rains have disrupted demand cycles in recent years, he added. Source link
If the conflict continues, the entire $3 billion in export value may be wiped off in the next fiscal year, the Kotak analysts said. To circumvent this impact, EMS companies may ramp up exports to other regions, including the US, the UK, China, Japan, the Netherlands, Germany and Mexico. Source link
To be sure, on 6 January, the National Centre for Communication Security formed an industry committee comprising companies such as Nokia, Hewlett Packard Enterprise, Tejas Networks, Cisco and GX Group, along with industry bodies such as the Cellular Operators Association of India (COAI) and the Telecom Equipment Manufacturers Association of India (TEMA), to consult stakeholders…
NEW DELHI: The Rajya Sabha Department-Related Parliamentary Standing Committee on Industry has called for changes in the country’s flagship electric mobility schemes in a bid to boost electric vehicle sales in the country. In the report on the demand for grants by the ministry of heavy industries for FY27 dated 11 March, the committee called…
“The move is certainly encouraging as we would now expect more borderline investors to participate in India. In general, funds in India can now operate with greater regulatory and structural clarity. While this may not translate to an immediate capital rush, we expect to see some improvement,” Ashley Menezes, vice chairperson, Indian Venture and Alternate…
Amidst reports of shortage of cooking gas supply across India, the central government on Thursday announced that 20% of the average monthly commercial LPG requirement will be allocated from today, March 12, by the oil marketing companies (OMCs) in coordination with the state governments so that there is no hoarding or black marketing. The announcement…