Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had earlier been the forte of banks and NBFCs had a limited role in this segment. But now, this is changing. Enquiries with many small businesses showed o…
Tag: Mahindra & Mahindra
Demonetisation: Job losses mounting; MSME sector could take atleast 3 quarters to rebound
Demonetisation and its impact on India’s economy have been discussed in detail since 8 November, the day PM Modi made the shock announcement by invalidating over 80 percent of Indian currency. Based on their political affiliations, economists have differed widely on the impact of this step but mo…
Self-drive car rental Revv raises $9 mn via equity
New Delhi: Self-drive car rental service Revv on December 7th said it has raised a total of $9 million in equity from Edelweiss Private Equity and debt from Mahindra & Mahindra Financial Services Ltd and car leasing platform LeasePlan India Pvt. Ltd. It will use the funds to expand to new cit…
RIL may invest in mature start-ups to deploy Rs 5,000 cr fund
Early this month when Reliance Industries (RIL) Chief Mukesh Ambani announced a Rs 5,000-crore proprietary Venture Capital (VC) fund, RIL joined the growing club of conglomerates offering capital to digital start-ups. The conglomerates are offering capital for not only making financial gains, but…
Two ‘Make-In-India’ industries get plots
The MIDC has allotted plots to two industries in Nashik region, which had signed memorandum of understanding (MoU) with the state during ‘Make in India’ week held in Mumbai in February. The Maharashtra Industrial Development Corporation (MIDC) has allotted a 5,000 sq metres plot to Gr…
50 Make in India projects in Maharashtra to get land 30 per cent cheaper
The MIDC will soon provide 50 small and medium-sized enterprises (SMEs) with land at 30% cheaper rates as part of the Make in India plan. According to a recent circular, the Maharashtra Industrial Development Corporation (MIDC) will exempt the SMEs project from the new plot rates announced on Jan…
Mahindra & Mahindra enters farm equipment rental business with Trringo
Mahindra & Mahindra’s (M&M) forayed into the agricultural equipment rental services with the launch of Trringo, an organised rental service, with plans to invest over Rs 10 crore on the startup enterprise. “Farm Equipment Sector (FES), a part of Mahindra group, has forayed int…
Make in India seeds sown
At the Make in India Week, Maharashtra announced that it attracted investments worth Rs 7.94 lakh crore and would form a task force to work towards ensuring that these projects are implemented. Chief Minister Devendra Fadnavis and Industries Minister Subhash Desai had taken hard efforts to ensure…