Muthoot FinCorp has partnered with Veefin Solutions Ltd to launch supply chain financing activities in India. This collaboration aims to streamline operations using cutting-edge technology and enhance the customer experience. Muthoot FinCorp CEO, Shaji Vargese, stated that supply chain financing helps buyers and suppliers improve working capital. The partnership targets

Download The Economic Times News App for Daily Market Updates & Live Business News. Will the Web3 association Blockniti be different from predecessors without crypto or tokens? Bhubaneswar emerges as a hub for money mules of digital loan sharks. Stocks like HDFC Life, IOC, HPCL, and BPCL are performing well.

Government plans to resolve issues in setting up semiconductor fab units in India, ensuring a footprint in supply chains. Minister Chandrasekhar stated that incentives may be provided in the future. Three semiconductor units were inaugurated, with India now having four projects under the India Semiconductor Mission. The government is expected

Many Indian auto OEMs operate with minimal component and finished goods inventory to efficiently respond to demand changes and reduce storage costs. However, a deeper look reveals frequent shortages due to incomplete component kits. Variability in supply chains, rapid technological changes, and short product life cycles challenge JIT implementation. Better

Mahatma Gandhi's charkha symbolized India's struggle for independence and self-reliance through the khadi industry. The government's focus on semiconductor manufacturing marks a shift towards high-tech industries. Global chip wars have intensified, with countries like the US, China, and Taiwan vying for supremacy. Companies like

Muthoot FinCorp, an Indian NBFC, has partnered with Veefin Solutions to launch supply chain finance operations. This collaboration aims to empower MSME entrepreneurs by offering comprehensive SCF solutions. Muthoot FinCorp's CEO highlights the importance of SCF in providing timely credit, while Veefin's Managing Director sees this

chargeMOD, a Kerala-based energy tech start-up, plans to expand its presence in India by setting up 1,000 slow chargers and 200 fast chargers in various states. The company aims to establish 500 slow chargers and 100 fast chargers in Kerala, in addition to their existing charging stations. They have

The semiconductor industry is vital to the global economy, with countries like the US, Japan, and Taiwan leading in manufacturing. India aims to enter the semiconductor market, with a projected growth of USD80.3 billion by 2028. To address this, the Indian government has introduced schemes like SPECS, C2S, PLI,

Government announced PM-PRANAM scheme to promote organic fertilisers with an initial allocation of Rs60 million last year. In the interim budget, the total outlay was set at Rs1 billion. Subscribe to ETEnergyworld for the latest news and insights on the energy sector. Advertise with us to reach a wider audience.

Download The Economic Times News App for daily market updates and live business news. Fly91, a new regional airline in India, aims to set itself apart from previous failures. Phantom sues Sony entities for defamation. Byju's faces court tests as students take board exams. Rum is going premium,

The Indian Pharmaceutical Industry faces challenges amidst global health crises and regulatory complexities, highlighting the crucial need for a forward-looking supply chain. Stay updated on the latest developments in the health sector. Get insights from business leaders and participate in discussions on key challenges and trends. Advertise with us to

Fly91, a new regional airline in India, is seeking to carve out its own path. Phantom, not associated with Zee or Goenka, is suing Sony for defamation. Byju's faces court tests during student board exams. Premium rum is becoming popular, but will consumers pay more? A speciality chemical

India has signed four FTAs in quick succession since 2021 after a nine-year gap. The latest pact with EFTA was hailed by Modi ahead of the elections. Negotiations with the UK and Australia are likely to conclude after the elections, while talks with Oman have already concluded. The deals aim

India's lucrative rice trade is at risk due to repeated attacks by Iran-backed Houthi rebels on ships in the Red Sea since November 2023. This threatens India's basmati rice exports worth USD$3.97 billion. India is concerned about the impact on global supply chains and

Semiconductor chips are becoming critical assets in global geopolitics, likened to the new oil. Dominated by US, Taiwan, South Korea, Japan, and the Netherlands, the industry holds potential for trillions of dollars by 2030. India aims to build semiconductor capabilities to advance in global power hierarchy. The US controls key

TVS Supply Chain Solutions Limited announced the expansion of its warehousing capacity in India by adding 6,50,000 sq. ft. of ultra-modern multi-client warehouse space in Hosur, Tamil Nadu. The facility was inaugurated by top executives last Thursday. This expansion created 1200 new jobs and increased the organization'

Swiss Secretary praises India as a manufacturing and service hub. UK team returns to London after Round 14 of FTA talks with India. India's trade pact with EFTA will lower prices of Swiss watches and chocolates. For more updates, download The Economic Times News App and subscribe to

Tech companies like Apple are considering India as a potential destination for their supply chains amid US-China tensions. India's promising economic growth and demographic distribution are attracting more brands to the country. In other news, subscribers can save their log-in information on websites to avoid entering it each

The BPC sector in India has evolved to address supply chain disruptions with agility, digital transformation, and risk management. Companies must prioritize technology adoption, data-driven decision-making, sustainability, collaborative networks, and continuous skill development for future success. Embracing these strategies will be crucial for navigating challenges in the evolving market environment.

Beauty wellness brand Dr.Rashel opens its first store in Mumbai, while Bata launches its 500th franchise store in India. The FMCG sector is expected to have subdued growth until September quarter of 2024. TVS Supply Chain Solutions expands warehouse footprint in Chennai, adding 6.50 lakh sq. ft. The

Amsterdam-based Sourcery launches a new Impact and Assurance Programme aiming to revolutionize the cotton supply chain. The blockchain platform allows cotton growers to track and share farm-level data, ensuring transparency and incentives for sustainable practices. This could potentially disrupt the global commodity trading system and empower farmers. The initiative has

A semiconductor chip fab in Dholera, Gujarat, approved by the Union Cabinet, is a step towards achieving Made-in-India electronics. With an investment of 91,000 crore, the facility will produce 3 billion chips annually. Experts believe this will boost domestic chip production, establish a supply chain, and increase India'

India to face England in fifth Test match in Dharamsala. PM Modi to visit Jammu and Kashmir while IMD forecasts rainfall and snowfall in Western Himalayan region. Srikanth Kidambi wins in French Open Men's Singles. RBI directs card issuers to provide choice in services. Sports Minister announces Khelo

Indian aviation sector faces supply chain challenges delaying delivery of 1,700 aircraft, impacting fast-growing market. Engine failures and logistical issues hinder growth, with airlines like Akasa Air, Air India, and IndiGo facing delays. Bottlenecks lead to grounded fleet, higher expenses, and fuel efficiency concerns. Despite hurdles, industry shows resilience

Houthi attacks on Red Sea data cables threaten India's internet connectivity. Paytm Bank's ex-ID Manju Agarwal resigns selectively, stepping down from CMS Info. Fake-drugs racket in Uttarakhand with roots in south India busted. Bitcoin rally towards USD100,000 possible. TaMo stock gains momentum from demerger news.