New Delhi, Sep 13 (PTI) Following are the top business stories at 1900 hours: DCM21 BIZ-BANKS-MSME Banks sanction Rs 1.63 lakh cr to 42 lakh MSMEs under credit guarantee scheme New Delhi: The finance ministry on Sunday said banks have sanctioned loans worth over Rs 1.63 lakh crore to more than 42 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector.
DCM10 BIZ-INFLATION-CEA Retail inflation to come down with easing of lockdowns: CEA New Delhi: Attributing the rise in inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that retail inflation will come down in the days ahead with the easing of lockdowns.
DCM23 BIZ-SBICARD SBI Card to enrol 'delinquent' customers in restructuring plans: MD New Delhi: SBI Card is in the process of enrolling 'delinquent' customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said.
DCM19 BIZ-GST-RETURNS ICAI seeks extension of FY19 GST annual return filing deadline by 3 months New Delhi: The Institute of Chartered Accountants of India (ICAI) has written to the GST Council seeking deferment of 2018-19 GST annual return filing deadline by 3 months till December 31.
DCM12 BIZ-DISCOMS-DUES Discoms' outstanding dues to power gencos rise 36% to Rs 1.29 lakh cr in July New Delhi: Power producers' total outstanding dues owed by distribution firms rose over 36 per cent year-on-year to Rs 1.29 lakh crore in July 2020, reflecting stress in the sector.
DCM11 BIZ-STARTUP-SCHEMES DPIIT working on credit guarantee, seed fund schemes for startups New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is working on two schemes -- credit guarantee and seed funds -- to support startups in the country, a top government official has said.
DCM4 BIZ-CAIRN-EXTENSION Cairn's Rajasthan oil block licence stuck in cost dispute; hangs by monthly extensions New Delhi: Billionaire Anil Agarwal-led Cairn India's Rajasthan oil block licence extension is stuck in a dispute over cost and the firm is literally surviving on monthly extensions by the government, sources said.
DCM8 BIZ-FORCEMOTORS Too much tax, high interest rates biggest hurdles for growth of auto industry: Force Motors New Delhi: Excessive tax and high interest rates are the two biggest impediments in the growth and profitability of the automotive industry in the country, according to Force Motors.
MCM3 BIZ-CPCL EAC reviews CPCL's 9.0 MMTPA TN project Chennai: The Expert Appraisal Committee has reviewed CPCL's proposed 9.0 MMTPA project in Nagapattinam in the State and has sent its recommendations for clearance from the Environment Ministry, a top company official has said.
DCM25 BIZ-ATG-TYRE-PLANT Off-highway tyre-maker ATG to invest Rs 1,240 cr in 3rd plant at Vizag Mumbai: Off-highway tyre-maker Alliance Tire Group (ATG), owned by the Japanese major Yokohama Group, is setting up its third plant in the country in Visakhapatnam with an investment of USD 165 million (around Rs 1,240 crore).
DCM16 BIZ-ECOM EXPRESS Ecom Express to create 30,000 temporary jobs ahead of festive sales New Delhi: Logistics solutions provider Ecom Express is planning to create 30,000 seasonal roles across its operations over the next few weeks as it gears up to cater to heightened demand from e-commerce clients during the festive season. PTI RVK