Page 5 of MSME News

CAIT white paper: Quick commerce players like Blinkit, Instamart, Zepto misusing FDI rules, crushing kiranas

CAIT said that instead of using FDI to build assets, quick commerce players are funding deep discounts and covering operating…

November 13, 2024 17:03 IST

Can startups, ineligible for Startup India programme, register for new Bhaskar scheme?

Currently, over 1.5 lakh startups registered under DPIIT’s Startup India programme can join the BHASKAR initiative using their Startup India…

November 13, 2024 15:30 IST

Data sharing startup Equal raises $10M from Prosus, Nikhil Kamath, Binny Bansal, Kunal Shah, others

Founded by Keshav Reddy and Rajeev Ranjan, Equal helps businesses streamline KYC, fraud prevention, and regulatory compliance through integration with…

November 11, 2024 11:32 IST

Amazon India’s marketplace arm narrows losses by 28% in FY24; revenue jumps 14%

The total expenses increased by 6.5 per cent to Rs 29,062 crore in FY24 from Rs 27,283 crore in FY23…

November 11, 2024 10:29 IST

Page Industries Q2 profit up 30 pc to Rs 195.2 cr; revenue up 11 pc at Rs 1,246.3 cr

The company had posted a net profit of Rs 150.27 crore during the July-September period a year ago, according to…

November 8, 2024 18:45 IST

TReDS: Govt reduces turnover threshold to Rs 250 cr to get more companies on invoice discounting platform

“The onboarding process on the Trade Receivables Discounting System platforms shall be completed by 31st March, 2025,” the MSME Ministry…

November 8, 2024 12:26 IST

Flipkart's logistics arm Ekart posts 81% jump in losses, 5% revenue drop in FY24

Flipkart’s logistics arm Ekart posts 5x jump in losses, 5% revenue drop in FY24

The company’s total expenses also increased to Rs 14,149 crore in FY24 from Rs 13,325 crore in FY23.

November 7, 2024 17:05 IST

What is govt’s Procurement and Marketing Support scheme for MSMEs? Check benefits

The scheme gives preference to first-time participants and units from remote locations such as from aspirational districts and also from…

November 7, 2024 13:17 IST

Lenskart trims losses by 84%, revenue jumps 43% in FY24

Earnings before interest, tax, depreciation and amortisation increased to Rs 856 crore from Rs 403 crore. However, expenses also increased…

November 6, 2024 17:23 IST

CAIT: 48 lakh weddings to generate Rs 6 lakh crore business this wedding season

Delhi alone expected to see Rs 1.5 lakh crore business across 4.5 lakh weddings this year.

November 4, 2024 12:51 IST

Six water and sanitation startups win Rs 25 lakh each at sustainability summit

One of the other winners of the startup battle is an18-year-old first year student of Computer Science and Data Analytics…

October 30, 2024 16:41 IST

Meesho says it is first e-commerce company to hit profitability in FY24

Meesho says it is first e-commerce company with positive cash flow in FY24

E-commerce company Meesho on Wednesday reported in FY24 results with operating cash flow turning positive to Rs 232 crore from…

October 30, 2024 11:52 IST

Rs 1.25 lakh crore loss to China expected this festive season: CAIT

CAIT Secretary General Praveen Khandelwal said in a statement that a decline in Diwali-related Chinese product sales is expected to…

October 29, 2024 15:09 IST

Amazon India’s wholesale business sees flat revenue growth, net loss narrows by 44% in FY24

The company’s total expenses excluding depreciation declined from Rs 4,221 crore in FY23 to Rs 3,958 crore in FY24.

October 29, 2024 13:24 IST

C-295 aircraft facility will provide immense opportunities for MSMEs: PM Modi

The new facility is the first private sector Final Assembly Line (FAL) for military aircraft in India which would involve…

October 28, 2024 18:35 IST

GeM inks MoU with Sikkim govt to get state departments on public procurement portal

Currently, 3,078 Sikkim-based sellers are on the GeM portal, of which 2,720 sellers are registered as micro sellers.

October 24, 2024 18:38 IST

CAIT: Rs 22,000 crore business expected this Karwa Chauth

The traditional festival is celebrated predominantly by married women in northern and western parts of India and falls on the…

October 19, 2024 12:26 IST

IITF Trade Fair 2024: Check online stall booking process, price, timing, more for traders, exhibitors

Held since 1980, the fair is one of the most significant and longstanding trade fairs in India helping traders and…

October 18, 2024 13:47 IST

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Newspoint: Playing to win

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Jemimah Rodrigues’ unbeaten 127* against Australia in the Women’s World Cup semifinal marked a historic moment for Indian women’s cricket. Her performance, combined with India’s victory over the seven-time champions, is a sign of redemption and inspiration for the team. Rodrigues’ faith in Jesus and her contribution have brought hope and validation for the sport.

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