๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Lam to open office at Tata Electronicsโ€™ Dholera chip fab

Economic TimesEconomic Times ยท 1y ago
Lam to open office at Tata Electronicsโ€™ Dholera chip fab
Medial

Tata Electronics and Powerchip Semiconductor Manufacturing Corporation (PSMC) are collaborating to build India's first semiconductor fabrication facility in Dholera, Gujarat. Lam Research India, a supplier of wafer fabrication equipment, plans to set up an office in Dholera to support the facility. The facility will have a manufacturing capacity of up to 50,000 wafers per month. Lam Research India already works closely with PSMC and will collaborate with both PSMC and Tata Electronics once the fab is completed. Lam Research India's virtual fab, Semiverse, is used by customers and fabs worldwide for process simulation. The company believes in a globally diversified ecosystem to avoid supply chain disruptions.

Budget 2026โ€“27: Startups, MSMEs get funding boost, electronics push and tax relief

EntrackrEntrackr ยท 7d ago
Budget 2026โ€“27: Startups, MSMEs get funding boost, electronics push and tax relief
Medial

News All Stories Budget 2026โ€“27: Startups, MSMEs get funding boost, electronics push and tax relief On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, Kunal Manchanada 01 Feb 2026 12:56 IST The Union Budget 2026โ€“27 announced a range of measures aimed at startups, MSMEs and SMEs, focusing on funding access, credit availability, manufacturing support and regulatory easing. On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, which will be invested through SEBI-registered venture and alternative investment funds to support early- and growth-stage startups. For MSMEs, a Rs 10,000 crore MSME Growth and Resilience Fund was proposed to help firms manage global trade pressures and economic shocks. Startups registered under the MSME framework, especially in manufacturing and export-linked sectors, are expected to benefit. In addition, the Budget proposed Biopharma Shakti, a Rs 10,000 crore programme to support domestic biopharma manufacturing through funding for research, scale-up and production facilities. To strengthen electronics manufacturing, the Centre said it will nearly double the allocation under the Electronic Component Manufacturing Scheme (ECMS) to Rs 40,000 crore, up from the initial Rs 22,919 crore approved last year. The Finance Minister also announced the rollout of the second phase of the India Semiconductor Mission, as the government nears exhaustion of funds committed under the first phase. The Finance Minister proposed a tax holiday for foreign cloud service providers operating globally using data centre infrastructure in India until 2047. She also announced support for the Indian Institute of Creative Technologies, Mumbai, to set up AVGC and content-creator labs across 15,000 schools and 500 colleges, aimed at meeting talent demand in the orange economy and creating 2 million jobs by 2030.

Neo Asset Management announces fund II at Rs 2,000 Cr

EntrackrEntrackr ยท 10m ago
Neo Asset Management announces fund II at Rs 2,000 Cr
Medial

Neo Asset Management, a seasoned Alternative Asset Management firm in India, has announced the first close of its second flagship private credit fund - the Neo Special Credit Opportunities Fund-II (NSCOF II), at Rs 2,000 crore as on date including the first closing as filed with SEBI. Launched 3 months ago, the fund is targeting a total corpus of Rs 5,000 crore. The fund witnessed interest from Family Offices, Ultra High Net Worth Individuals (UHNIs) and Institutional Investors alike to make Neoโ€™s journey an alternative investment platform focused on Private Credit and Real Assets. NSCOF-II is a SEBI-registered Category II AIF designed to provide bespoke credit solutions to EBITDA positive companies. As a strategy, all investments are fully covered with at least 2-3 times hard asset collateral and bear regular coupons. Neo Asset Management aims to adhere to its fund strategy and deliver returns. It looks forward to deploying capital efficiently in Fund-II. Its objective is to create a well-diversified portfolio with 25-30 investments, each ranging between Rs 150-300 crore. Neoโ€™s first private credit, Neo Special Credit Opportunities Fund-I, closed in June 2024, raising Rs 2,575 crore. This fund has gross deployed 100% of its capital across 23 carefully curated diversified investments and have exited from 7 of these investments, over the past 18 months. The team has evaluated more than 450 investments in the last two years. Neo Group is a new-age wealth and asset management company, backed by Peak XV Partners, MUFG Bank, and Euclidean Capital and committed to building Indiaโ€™s leading Alternatives Asset Management platform. Neo Asset Management, the India-focused Alternative Asset Management arm of the Neo Group, manages more than Rs 10,000 crore of AUM, investing across various asset classes and delivering returns with stable cashflows.

Download the medial app to read full posts, comements and news.