Confederation of Indian Industry Survey Shows Positive Attitudes to Growth in SME Exports
THE export scenario for the domestic small and medium sector is on an upswing for the next six months.
THE export scenario for the domestic small and medium sector is on an upswing for the next six months.
Canbank Factors Limited, an Indian factoring company, has released its 11th annual report for the year ended 31 March 2002.
ICRA, an investment information and credit rating agency, has assigned an A1+ rating to the Rs 100-crore commercial paper programme of Global Trade Finance (GTF), an export factoring and forfaiting agency.
The new non-recourse 'maturity factoring' facility offered by the Export Credit Guarantee Corporation of India Ltd (ECGC) to banks will not disturb the existing system of banking arrangement vis-a-vis exporters.
On 16 April 2002 the shareholders of Global Trade Finance Private Limited (GTF) at its first AGM approved the accounts of the company for its first operating period ended 31 March 2002.
The Mangalore-based ICICI group, which consolidated its in-house IT department to launch ICICI Infotech in 1999, is preparing to develop a new factoring software product.
Global Trade Finance Private Limited (GTF) has obtained ‘P1+’ rating from CRISIL for Rs. 500 million Commercial Paper Programme.
Global Trade Finance, India's premier export finance service provider, has become the first Non-Banking Finance Company (NBFC) to obtain the Reserve Bank of India licence to offer forfaiting services.
Canbank Factors expects to be on target for turnover and profits this fiscal year despite the slowdown. The projected turnover of Rs 1,100 crore of turnover would be met this fiscal year, said Mr B. Sukumaran, Managing Director.
A Finance Ministry official has commented that even though the attack on Afghansistan has not done the economy any good, it has not created any new issues that could seriously damage the economic fabric. "This is not a conventional war.