Social arm of TVS Motor to invest Rs 100 mn in water conservation

KSEB Cleared to Procure 500 MW Power Under SHAKTI Scheme

The Kerala State Electricity Board (KSEB) has received regulatory clearance to initiate the bidding process for the procurement of 500 megawatts (MW) of round-the-clock (RTC) power, using coal allocated under the central government’s SHAKTI scheme. The Kerala State Electricity Regulatory Commission (KSERC) has approved several key deviations proposed by KSEB in the model bidding documents issued by the Union Power Ministry.These deviations pertain to the request for qualification, request for proposal, and power supply agreement, enabling KSEB to proceed with the tendering process for long-t..

Techfino Raises Rs 650 Mn to Boost MSME Lending

Techfino, a technology-enabled non-banking financial company (NBFC), has raised Rs 650 million in funding from Stellaris Venture Partners and Saison Capital, the venture arm of Tokyo-listed Credit Saison. The fresh capital will be used to expand Techfino’s branch footprint, strengthen its technology platform, and scale its secured lending operations, particularly targeting micro, small, and medium enterprises (MSMEs).The company currently provides Loan Against Property (LAP) to MSMEs in Tier II and Tier III cities through a branch-led distribution model across Karnataka, Gujarat, Madhya Prad..

Steel Import Norms May Hit MSMEs, Warns GTRI

The Global Trade Research Initiative (GTRI) has raised alarm over a recent directive from the Ministry of Steel, cautioning that the abrupt policy shift could severely impact micro, small, and medium enterprises (MSMEs) that depend on imported semi-finished steel.The order, issued on 13 June, mandates that raw materials and intermediate inputs used in steel manufacturing must also comply with Bureau of Indian Standards (BIS) specifications. The directive, effective for all consignments with a bill of lading dated 16 June or later, significantly broadens the scope of India’s Quality Control O..