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1 min read
Cabinet clears proposal to raise ECLGS corpus to Rs 5 lakh cr for tourism and hospitality sector
The Union Cabinet on Wednesday approved a proposal to enhance the outlay of Emergency Credit Line G…
3 mins read
Finance Ministry extends Emergency Credit Line Guarantee Scheme till March 2022
The government has been receiving demands from various industry bodies and other stakeholders to…
PTI
1 min read
RBI tells banks to assign 'zero' risk for emergency loans to MSME
The government in May introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providin…
PTI
1 min read
ECLGS: NBFC body seeks addition to list of individuals seeking assistance
The National Credit Guarantee Trustee Company (NCGTC), which is providing 100 per cent guarantee u…
PTI
2 mins read
Ensure effective rollout of Rs 3-lakh crore ECLGS for MSMEs: FM to pvt banks
The main objective of the scheme is to provide an incentive to member lending institutions to incre…
PTI
1 min read
Geared up for expansion in operations, no question of filing insolvency: SpiceJet chief
SpiceJet has initiated the process of reviving its grounded fleet with the USD 50 million funds rec…
ANI
3 mins read
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees
When contacted, a SpiceJet spokesperson said the airline has initiated several measures, includ…
PTI
3 mins read
MSME sector is on a strong growth trajectory post the pandemic: SBI Research
MSMEs have shown resilience to bounce back from the pandemic-induced slowdown, with credit growth t…
5 mins read
Go First Impact: Market capitalisation of 3 PSU Banks down by ₹7,500 crore as investors fret over their exposure to ailing airline
Low-cost airline Go First’s insolvency proceedings have plunged shares of Central Bank of India, Ba…
1 min read
SpiceJet announces 20% salary hike for pilots, says will bring back those put on leave without pay
SpiceJet announced a 20 per cent salary hike for pilots from October onwards.
1 min read
SpiceJet board will meet to consider fund raising funds, conversion of outstanding liabilities into equity
SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well a…
PTI
3 mins read
Rise in airfares due to Go First's bankruptcy is temporary says SpiceJet CEO
SpiceJet CEO Ajay Singh on Thursday said there is a need for "more rational airfares" in the countr…
PTI
2 mins read
FM Nirmala Sitharaman likely to meet PSU banks heads on Saturday
Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks…
PTI
3 mins read
Go First says 'serial failure' of P&W engines forced airline to approach NCLT
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due…
PTI
3 mins read
MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity
The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a m…
3 mins read
Budget makes a special allocation for loans to small travel operators and other players in hospitality
She mentioned that the additional loans will go to the sector. “Considering these aspects, t…
2 mins read
Reliance Jio, Voda step up hiring as 5G related job postings up 65%
As India and other countries take concrete steps to adopt 5G, the number of job postings by telcos …
2 mins read
Rupee gains 22 paise against the dollar as crude prices ease, FPIs come back
The Indian rupee has appreciated 22 paise on Wednesday to close at 79.44 against the US dollar on e…
2 mins read
Tourism sector gets Rs 2400 cr in Budget; some relief for hospitality sector
Rs 130 crore is set apart for the development of iconic sites and the remaining would be used for f…
PTI
1 min read
Thane industry bodies welcome Union budget
Thane Small Scale Industries Association (TSSIA) president Sujata Soparkar said the demand for cont…