Union Bank of India Sanctions Rs 1 Bn in MSME Loans in Nellore

07 Mar 2025 CW Team

Union Bank of India (UBI) sanctioned loans worth nearly Rs 1 billion to Micro, Small, and Medium Enterprises (MSMEs) in SPSR Nellore district during its Mega MSME Outreach Camp held on Wednesday. The event, organized by UBI’s Nellore regional office at PSR Convention in the city, witnessed participation from over 800 attendees.

As part of the sanctioned amount, approximately Rs 500 million was disbursed through cheques to self-help group (SHG) members. The initiative was supported by key officials, including the Mission for Elimination of Poverty in Municipal Areas (MEPMA) Project Director E Radhamma and District Rural Development Agency (DRDA) Project Director Nagaraja Kumari, who attended as chief guests.

UBI General Manager Talasila Kameswara Rao emphasized the bank’s commitment to facilitating MSME loans and highlighted advancements in digital lending, which have simplified the process of availing financial assistance. The event also focused on raising awareness about the role of MSMEs in economic growth and the support offered by UBI in fostering their development.

UBI Nellore regional head A Rajasekharam elaborated on the bank’s efforts in promoting MSMEs and informed attendees about various financial services available to SHG members. Additionally, customer experiences and the bank’s service offerings were shared with the participants.

The outreach program saw active participation from bank managers representing 63 branches across the district, underscoring UBI’s extensive involvement in strengthening financial access for MSMEs and SHGs in the region.

News source: The Hindu

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..