The Reserve Bank of India (RBI) in its special address today meant strict business, with a chiselled focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden of the ravaging second wave of COVID in the country. Wide ranging in scope, these stakeholders included: 1) On the retail side small individual borrowers; 2) On the business side, small business borrowers and MSMEs; 3) Among financial entities – Small Finance Banks (SFBs) and MFIs; and 4) On the sectoral side – Health/healthcare sector. Despite RBI’s stepped-up efforts, support to the widely crippled contact-intensive services sector remains less than desired; hopefully in the offing.
Read more about Quality mid-, small-caps may continue to do well: Reliance Securities CEO on Business Standard. In a Q&A, Lav Chaturvedi says the market is still predicting that the impact of the second wave of Covid-19 cases will not be as severe as last year
Losses touched ₹3,788 crore in the quarter ended March 31, from ₹3,668 crore in the year-ago period. The bank had reported a ₹151 crore in profit during the December quarter.
This entrepreneur started a filter manufacturing business with Rs 10,000, sells to clients like ONGC, GAIL
Started in 2002 by Mehul Panchal, Filter Concept has around 10,000 products in its portfolio developed with in-house technologies. It offers services to industries, including oil and gas, petrochemicals, pharmaceuticals, steel and power, cement, formulations, fertilisers, textile, and others.
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The Indian filtration market is somewhere between Rs 900 - 950 crore, says Mehul Panchal, Founder of Filter Concept.
In fact, the global market for industrial filtration is projected to reach $41.1 billion by 2025 from $29.5 billion in 2020, growing at a CAGR of 6.9 percent.
Filter Concept a two-decade-old company offers complete filtration technology solutions, catering to various filtration requirements of air, gas, and liquid for safe working conditions in the industrial infrastructure.