by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | Environment/Ecosystem
An international manufacturer of speciality chemicals, Orion Engineered Carbons, said today that it has met its U.S. emissions targets for 2022 and will receive a 10 basis point rate decrease on its sustainability-linked term loan, saving about $650,000. Orion was one...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Finance & Economy
The Aditya Birla Group’s main company, Grasim Industries, revealed on Tuesday that it has entered into three term loan agreements totaling Rs 5,000 crore to support capital expenditures and debt repayments. According to Grasim Industries, it has signed...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Insurance
Term insurance is an essential component of financial planning for many individuals in India. Determining the right level of coverage to buy, however, can be difficult. A term insurance calculator might be quite beneficial in this situation. This post will go through...
by DIGITAL MEDIA EXECUTIVE | Mar 6, 2023 | Business & Policy
A vision and strategy document outlining a plan for increasing India’s exports of goods and services is being prepared by the commerce ministry. It requested input from the industry and provided a list of subjects to be covered in the text. By the end of this...
by TEXTILE VALUE CHAIN | Feb 18, 2023 | Finance & Economy, Market Reports
Synopsis Net Interest Income (NII) of Scheduled Commercial Banks (SCBs) grew by 25.5% y-o-y to Rs.1.78 lakh crore in Q3FY23 due to a healthy improvement in credit offtake, and a higher yield on advances. Net Interest Margin (NIM) of SCBs improved by 17 basis points...
by DIGITAL MEDIA EXECUTIVE | Feb 10, 2023 | Global Textiles, Industry View, Textile Articles, Traditional Textiles
With the rising inflation, there are shrinking cash flow, bad debt cycles and eroding demand in the export and the domestic market. This will help in the manufacturing industry and the MSMEs in the worst of times. In the data from the MSME numbers, shops in Gujarat...
by EDITORIAL ASSISTANT | Feb 3, 2023 | agriculture, Import/Export, Industry Experts, Textile Articles
When the budget was announced, the textile industry was highly disappointed because the industrialists were expecting a relief for the labor intensive which was facing financial crisis due to the COVID-19 pandemic. The demands of the industrialist has not been met in...
by DIGITAL MEDIA EXECUTIVE | Apr 9, 2022 | Finance & Economy, News & Insights
National, 7 April, 2022: LoanTap, a home-grown digital lender with its own NBFC, just finished a major rebranding exercise and has announced the launch of their updated website on April 7, 2022 . This rebranding came after months of deliberation and was executed...
by Manali bhanushali | Mar 30, 2021 | News & Insights
India’s manufacturing sector is expected to regain the lost momentum in the fourth quarter (Q4) of this fiscal, according to the Federation of Indian Chamber of Commerce and Industry’s (FICCI) latest quarterly survey on manufacturing, which assessed recovery of the...
by Manali bhanushali | Mar 17, 2021 | Industry And Cluster, News & Insights
Lender Banks are staring at a potential Rs. 6000 crore write-off on their books after the Central Bank of India has declared Walmart supplier Shri Lakshmi Costsyn’s promoter a wilful defaulter. Mata Prasad Agarwal, who previously owned the company before it was...
by TEXTILE VALUE CHAIN | May 25, 2020 | Finance & Economy, Industry And Cluster, News & Insights
Paying off loans and investing in SIPs will follow the path to the financial turbulence. There was an interview conducted by an anchor on television. She was qinterviewing a demon. The conversation went something like this… Anchor: What is the cruellest thing you have...
by TEXTILE VALUE CHAIN | May 23, 2020 | Industry And Cluster, News & Insights
The extension of moratorium period of term loan for another three months i.e. up to August 31, 2020 by the Reserve Bank of India (RBI) has come as a sigh of relief for the ailing textiles and clothing industry, The Southern India Mills’ Association (SIMA) has said....