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MSME Desk

Startup funding: VC deals jump 53% during Jan-August 2024; deal volume up 5%
Startup funding: VC deals jump 53% during Jan-August 2024; deal volume up 5%

India was also among the top five markets globally for VC funding both in terms of deal volume and value…

By MSME Desk
September 25, 2024 17:13 IST
Amazon Great Indian Festival sale: Big screen, more value
Amazon Great Indian Festival sale 2024: SMB sellers to launch over 9,500 products

The month-long sale starting September 27 will have products from SMB sellers who are part of the company’s various seller…

By MSME Desk
September 25, 2024 15:37 IST
SIDBI posts highest-ever net profit in FY24; net NPA at 0%
SIDBI posts highest-ever net profit in FY24; net NPA at 0%

SIDBI said it surpassed the milestone figure of Rs 5 lakh crore balance sheet in FY24 with its asset base…

By MSME Desk
September 25, 2024 14:38 IST
Make in India, manufacturing, employment, GDP, investment inflows, logistics, ease of doing business, India Semiconductor Mission, Skill Development
10 years of Make in India: One startup launched every hour, 15 lakh jobs created, says govt

“Make in India illustrates the collective resolve of 140 crore Indians to make our nation a powerhouse of manufacturing and…

By MSME Desk
September 25, 2024 13:12 IST
Exporters' body FIEO seeks 5-year extension of interest subvention scheme
Exporters’ body FIEO seeks 5-year extension of interest subvention scheme

The scheme was extended last month by DGFT till September 30 for MSME manufacturing exporters.

By MSME Desk
September 24, 2024 17:38 IST
If you are using the ‘pay later’ payment method, you will get calls (pretending from Flipkart) to share your OTP.
Flipkart announces new B2B app Reset for Business for sellers of refurbished products

Starting with refurbished smartphones and accessories with warranty benefits, Flipkart said the app will cater to retailers across India who…

By MSME Desk
September 24, 2024 16:17 IST
New safety regulations for machinery, electrical equipment pose emerging challenges for MSMEs: Infomerics Ratings
New safety regulations for machinery, electrical equipment pose emerging challenges for MSMEs: Infomerics Ratings

These regulations align Indian safety practices with global standards, but compliance could be burdensome for small businesses due to financial,…

By MSME Desk
September 24, 2024 14:14 IST
Chatbot startup CoRover raises $4 million led by Venture Catalysts
Chatbot startup CoRover raises $4 million led by Venture Catalysts

CanBank Venture Capital Fund (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead…

By MSME Desk
September 24, 2024 11:52 IST
Visa processing startup Atlys raises $20 million from Peak XV, Elevation Capital, DST Global, others
Visa processing startup Atlys raises $20 million from Peak XV, Elevation Capital, DST Global, others

Speaking on the fundraising, Mohak Nahta, Founder and CEO of Atlys said the company has seen 20x growth over the…

By MSME Desk
September 24, 2024 06:00 IST
CGTMSE hits Rs 1 lakh crore guarantee mark in current fiscal
CGTMSE hits Rs 1 lakh crore guarantee mark in current fiscal

Sharing the update on Monday in a post on X, CGTMSE said the Rs 1-lakh-crore-guarantee mark was achieved in 219…

By MSME Desk
September 23, 2024 18:10 IST
Govt makes Rs 19,000 crore purchase from micro, small enterprises in H1 FY25
Govt makes Rs 19,000 crore purchase from micro, small enterprises in H1 FY25

The H1 procurement from MSEs was 38.86 per cent of the Rs 48,889 crore purchases made by 95 central public…

By MSME Desk
September 23, 2024 16:41 IST
ZED scheme for MSMEs: Apply for online certification; check latest process
ZED scheme for MSMEs: Apply for online certification; check latest process

So far, 3.38 lakh MSMEs have registered for certification, of which 2.11 lakh have received bronze certification, 837 have received…

By MSME Desk
September 23, 2024 12:53 IST
MSMEs recovering from Covid see 10% YoY growth in sales: Report
MSMEs recovering from Covid see 10% YoY growth in sales: Report

The MSME Sampark report 2024 by MSME-focused NBFC UGRO Capital and Dun & Bradstreet studied the MSME sample across seven…

By MSME Desk
September 20, 2024 18:30 IST
Climate tech: Less than 3% of startups have reached Series B or beyond funding levels, says report
Climate tech: Less than 3% of startups have reached Series B or beyond funding levels, says report

Climate tech startup ecosystem, represented by over 800 operational climate tech startups, has raised over $3.6 billion between 2014 and…

By MSME Desk
September 20, 2024 17:07 IST
Capital A launches Rs 400 crore fund to back manufacturing, climate startups
Capital A launches Rs 400 crore fund to back manufacturing, climate startups

The company is aiming to mark the first close of the fund by the end of 2025.

By MSME Desk
September 20, 2024 12:41 IST
Aye Finance closes Rs 250 crore Series G round from ABC Impact, British International Investment
Aye Finance closes Rs 250 crore Series G round from ABC Impact, British International Investment

The latest round would take the company’s total equity capital infusion to Rs 1,250 crore.

By MSME Desk
September 20, 2024 10:32 IST
100 days of Modi 3.0: What's in it for women entrepreneurs?
100 days of Modi 3.0: What’s in it for women entrepreneurs?

According to the official data, 39 per cent of micro, small and medium-sized enterprises registered with the MSME Ministry are…

By MSME Desk
September 19, 2024 18:49 IST
Import-export: How to apply for IEC online? Check steps
Import-export: How to apply for IEC online? Check steps

The 10-character alpha-numeric IEC is necessary on the date of rendering services and is obtained separately by DGFT based on…

By MSME Desk
September 19, 2024 17:18 IST
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Latest News

Quick Commerce Emerges as Premium Channel for Beauty Products, Reaching $1B Annualised Sales: Redseer

Consumers buying premium beauty products on Qcom platforms

The CBI has said its investigation found no evidence linking Sanjeev Kumar alias Sanjeev Mukhiya to the theft or distribution of the NEET-UG 2024 question paper.

‘No evidence’: CBI gives cleanchit to Sanjeev Mukhiya in NEET-UG 2024 paper leak case

Uddhav Thackeray

NEET paper leak row: Uddhav, Raj Thackeray announce joint Mumbai protest on July 26; no party flags allowed

Air India Retains Retired Airbus A319s as Operational Spares Ahead of Sale

Air India to retain Airbus A319s for a few more months

Reimbursements are generally tax-free where they represent repayment of expenses incurred wholly and exclusively for official duties,

Work-from-home reimbursements: Which payments remain tax-free and which don’t?

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