Supply Chain Finance

RBI asks shadow banks to give information on supply-chain financing

NBFCs may have to rework credit service typically used by small businesses

Treasury issues rule to block US from helping China develop advanced tech

The US Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalised rule arises from an executive order issued in August 2023 by President Joe Biden. The order sought to limit the access that "countries of concern" specifically China, including Hong Kong and Macao have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect January 2. "US investments ... must not be used to help countries of concern develop their military, intelligence and cyber capabilities," said Paul Rosen, assistant Treasury secretary for investment security. He noted the investments can mean more than just money: they can deliver "intangible benefits," including managerial help and assistance finding top talent and tapping

Here's what went wrong for Nestle's recently ousted CEO Schneider

This feat was particularly remarkable, given the hit industry margins took during the pandemic

India must up its share in global manufacturing: FM Nirmala Sitharaman

Some economists, including former RBI Governor Raghuram Rajan, have said recently that India should focus on services sector rather than manufacturing as it has missed that opportunity

TVS Supply Chain Solutions extends contract with Rolls-Royce for 5 years

The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce's Power Systems business unit

Supply chain delays impact investment in speciality steel PLI: Govt

Investments in the steel sector have a long gestation period and depend on the procurement of various equipment. Often some of these equipment are sourced from abroad.

US announces key pact on supply chain resilience under Indo-Pacific

The US on Thursday announced that a key agreement on supply chain resilience under the Indo-Pacific economic framework involving 14 partner nations, including India, Japan and Australia, will come into force on February 24. US Commerce Secretary Gina Raimondo said the pact will facilitate a collaborative approach to strengthen supply chains and prevent potential disruptions. The US Department of Commerce said the Indo-Pacific Economic Framework for Prosperity (IPEF) agreement relating to supply chain resilience will enter into force on February 24. "This is a critical step in bringing the landmark, first-of-its kind agreement into action and promoting coordination among the IPEF partners on building resilient, efficient, productive, sustainable, transparent, diversified, secure, fair, and inclusive supply chains," it said.

IPEF supply-chain agreement: No changes required in domestic law

IPEF aims to create a more conducive environment for enhancing trade and investment linkages, developing resilient supply chains, and promoting sustainable development

14-nation agreement on supply chain resilience opens doors for India

IPEF aims to reduce dependence on China and strengthen manufacturing of essential goods in member nations

Israel-Hamas conflict: Don't expect disruption in supply lines, says Puri

Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far. Asked if the conflict can have an impact on oil supplies, Puri told reporters here, ".. so far, no expectation of supply lines being disrupted". "I am reasonably confident that both on issues related to availability and affordability that we can navigate forward. "I am confident that we will be able to manage and this for a variety of reasons. We have diversified our sources of supply. Earlier, we used to import from 27 countries, today we import from 39 countries," Puri said. Replying to a question, he said normally, the country consumes five million barrels per day. "Our imports from the Americas have increased. We buy USD 20 billion worth energy from them," he said in response to a question. Replying to a question if further reduction in fuel prices can be expected with festiv

Indian Bank partners with Tata Motors arms to offer supply-chain financing

Public sector Indian Bank on Friday said it has partnered with subsidiaries of Tata Motors Ltd to offer inventory financing solutions through its digital supply-chain finance platform. As part of the collaboration with Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd, the Indian Bank would offer -- inventory financing solutions -- to the authorised dealers for the electric and passenger vehicles division. Indian Bank Executive Director Ashutosh Choudhury said, "We are delighted to partner with Tata Motors, a leader in the automotive sector. Indian Bank with 5,819 branches and trusted by over 10 crore customers is well positioned to provide solutions to Tata Motors Ltd in its rapid growth journey." Indian Bank Supply-Chain finance would provide easy access to working capital finance to the dealers of Tata Motors Ltd at favorable terms for driving their business growth, he said. "We are extremely elated to associate with Indian Bank for this financing ...

Amazon's expansion into logistics services could unlock $100 bn in revenue

Analysts see the strategy echoing what the firm achieved with its cloud business, when it built Amazon Web Services to serve its own needs before opening the platform to third-party merchants

KredX to create Rs 4,000 cr corpus for working capital needs of businesses

Fintech company says its imitative would help companies during the festive season

India can contribute towards strengthening, diversifying supply chains: FM

Finance Minister Nirmala Sitharaman on Wednesday said India is well placed to contribute towards strengthening and diversifying supply chains. Speaking at the launch of 'Partnership for Resilient and Inclusive Supply-chain Enhancement' on the sidelines of the World Bank-IMF Annual Meetings in Marrakech, Morocco, Sitharaman said India is undertaking some of the most robust climate actions through its Nationally Determined Contributions (NDCs). This includes an ambitious programme for a transition to clean energy and the RISE partnership is completely in sync with India's domestic policy of prioritising Clean Energy. Highlighting the hard-earned consensus by the G20 India Presidency on the need to rapidly scale up renewable energy capacity, the finance minister said the Global Biofuels Alliance initiative launched by Prime Minister Narendra Modi, on the sidelines of the G20 Leaders Summit in New Delhi, is a positive step towards promoting global cooperation on sustainable biofuels and

TVS Supply Chain Solutions posts net loss of Rs 65 crore in first quarter

Expansion in existing engagements and new business development drove revenue growth. During the quarter, the company commenced a seven-year transformational engagement with Centrica PLC

Rel Retail aims to raise Rs 3K cr via InvIt for warehouse, logistics biz

The trust's portfolio consists of over 60 warehouses across major cities such as Delhi, Mumbai, and Bengaluru

KredX to disburse Rs 2,000 cr in working capital for MSME sector

Tier-two cities expected to have 35% growth in demand for such financing compared to last year, says firm

TVS SCS secures deal worth Rs 2,000 crore from UK-based Centrica PLC

The company did not divulge the size of the deal

Shift to new norms may hamper growth, margins for Cummins India in FY24

Supply chain challenges and export demand are other concerns for the maker of engines and power equipment

Hindustan Unilever, Genpact launch Be.Seen to help minority-owned units

FMCG giant may absorb these businesses into its own supply chain