Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1.
Through an office memorandum, the Department of Expenditure of the Ministry of Finance on...
Reliance Industries Limited (RIL) and Jio Platforms Limited on Friday announced that Intel Capital will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Intel Capital's investment will translate into a...
India's major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated.
Accordingly, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.
However, analysts said that the...
The World Bank's Board of Executive Directors has approved a $750 million MSME Emergency Response program to support increased flow of finance into the hands of India's micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis.
The MSME Emergency...
Carrying forward its campaign for boycott of Chinese products and purchase of Indian goods, the Confederation of All India Traders urged the Union Commerce Minister Piyush Goyal to make the mention of 'country of origin' mandatory for all products sold in the country, both online and...
