The Finance Minister of India, Niramala Sitharaman, has proposed to introduce a dedicated 10,000 crores SME growth fund to create future jobs, incentivising enterprises based on select criteria. She stated that the government recognises MSMEs as a vital engine of growth, and proposes a th
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a significant equity support of Rs. 5,000 crore for the Small Industries Development Bank of India (SIDBI). This capital will be infused by the Department of Financial Services in three separate stages, starting with Rs
New Delhi [India], Dec 11 (ANI): Union Cabinet has approved the proposal for providing additional equity support to India Infrastructure Finance Company Limited (IIFCL) to the tune of Rs 5,300 crore in financial year 2019-20 and Rs 10,000 crore in financial year 2020-21.
Ahmedabad (Gujarat) [India], Oct 14 (ANI): In the largest foreign direct investment in city gas distribution sector by a global energy major, French multinational Total will buy 37.4 per cent stake in Adani Gas to develop multi-offerings to the Indian energy market.