SIDBI and Federal Bank Partner to Boost MSME Ecosystem Growth

11 Mar 2025 CW Team

SIDBI has entered into a Memorandum of Understanding (MoU) with Federal Bank (FBL) to enhance financing support for micro, small, and medium enterprises (MSMEs) and strengthen the MSME ecosystem in Mumbai.

The collaboration aims to facilitate financial assistance in key areas such as project financing, machinery and equipment purchases, and working capital requirements. Additionally, it will cover financial solutions including letters of credit, bank guarantees, and loans against property to help MSMEs manage their funding needs efficiently.

As part of this partnership, SIDBI and FBL will explore joint financing opportunities to expand credit access for MSMEs. This initiative is expected to provide businesses with improved financial support, enabling growth and sustainability in the sector.

The MoU was formalised during a signing event attended by senior representatives from both organisations, marking a strategic effort to drive financial inclusion and economic development for MSMEs.

News source: PSU Connect

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..