IFL Enterprises to Review 12% Stake Offer from Singapore Firm

Govt Eases Raw Material Rules for 72 Foreign Steel Plants

The Ministry of Steel has granted temporary exemptions from certain raw material requirements to around 72 foreign integrated steel plants holding 202 BIS licences, providing relief to the industry.The exempted companies are located in Austria, Belgium, Canada, France, Sweden, South Korea, the Netherlands, Spain, Switzerland, the United States, Japan, Russia, Slovenia, Germany, Finland, and Italy. The government stated that further licences would be exempted in the future upon request.According to the Global Trade Research Initiative (GTRI), the necessity of such requirements is debatable, par..

M1xchange Doubles TReDS Volumes to Rs 80 Billion in FY25

M1xchange, a leading Trade Receivables e-Discounting System (TReDS) platform, recorded invoice discounting worth over Rs 80 billion in FY 2025—twice the volume achieved in the previous year.Founder-director Sundeep Mohindru told Business Standard that rising U.S. tariffs are increasing costs and altering trade flows, creating fresh challenges for Micro, Small, and Medium Enterprises (MSMEs). Many of these businesses face prolonged payment cycles, making fast and affordable access to working capital critical.TReDS is emerging as a vital solution, enabling MSMEs to secure payments in under 24 ..

MSME TEAM Drive to Aid 0.5 Million Small Businesses

The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing the ‘MSE TEAM (Trade Enablement and Marketing)’ initiative, a sub-scheme under the World Bank-supported Raising and Accelerating MSME Performance (RAMP) programme. The scheme aims to equip Micro and Small Enterprises (MSEs) with digital tools and guidance to effectively use e-commerce platforms by integrating them with the Open Network for Digital Commerce (ONDC).Under the initiative, MSEs will receive support for onboarding, digital cataloguing, account management, transport and logistics, and packaging, alongside ..