Business

In a strategic move to cut US dependence on China as far as technology supply chain is concerned, worlds largest contract semiconductor firm and Apple supplier Taiwan Semiconductor Manufacturing Co (TSMC) on Friday announced to build a $12 billion advanced chip facility in the state of Arizona that would create 1,600 direct jobs....

Financially stressed discoms will be offered loans at cheaper rates of 8.5 to 9 per cent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies, Power and Renewable Energy Minister R.K. Singh said on Thursday. ...

Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the sanctioned loans include MSMEs, retailers, farmers and corporate sectors....

As businesses go through a tough phase with fall in revenues and liquidity crunch, a joint report by FICCI and Deloitte suggests that the banking sector can come up with a 'crisis liquidity bridge' for companies through working capital term loan (WCTL) and funded interest term loan (FITL) among other facilities to tide over the coroan...

Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farm workers of commercial crops across the States of Andhra Pradesh, Telangana, Karnataka, Gujarat on Monday appealed to the central government to save their livelihoods in the present pandemic as the demand fo...