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MSME Desk

$100 billion Indian fintech ecosystem has potential to create 2-3x value in next decade: BCG report
$100 billion Indian fintech ecosystem has potential to create 2-3x value in next decade: Report

According to the report by BCG and Z47, several fintechs out of over 35 fintech firms in the country, valued…

By MSME Desk
August 30, 2024 12:14 IST
National Small Industry Day 2024: Why celebrated? Know history, significance, how it differs from MSME Day
National Small Industry Day 2024: Why celebrated? Know history, significance, how it differs from MSME Day

The day highlights the contributions of small industries to India’s growth, employment generation, and innovation, underscoring their status as the…

By MSME Desk
August 29, 2024 18:45 IST
SIDBI plans to raise Rs 5,000 crore via five-year bonds
SIDBI plans to raise Rs 5,000 crore via five-year bonds

This would include a greenshoe of Rs 3,000 crore.

By MSME Desk
August 29, 2024 16:21 IST
Zepto’s Kaivalya Vohra, Aadit Palicha top 2024 Hurun India Rich List of Youngest Entrepreneurs 
Zepto’s Kaivalya Vohra, Aadit Palicha top 2024 Hurun India Rich List of youngest entrepreneurs 

Razorpay’s Harshil Mathur and Shashank Kumar, both 33, were richest in the Hurun India Rich List – Youngest with each…

By MSME Desk
August 29, 2024 12:29 IST
BharatPe rebrands postpe to enter consumer payments; takes on Paytm, PhonePe, Google Pay
BharatPe rebrands postpe to enter consumer payments; takes on Paytm, PhonePe, Google Pay

Explaining the move, Nalin Negi, CEO, BharatPe said the next stage of growth for UPI will come from Bharat and…

By MSME Desk
August 28, 2024 15:08 IST
Startup funding jumps 42% during Jan-July 2024; deal count sees modest rise
Startup funding jumps 42% during Jan-July 2024; deal count sees modest rise

Among the top funding deals during the period were Zepto’s $665 million, $300 million raised by Meesho, $216 million by…

By MSME Desk
August 28, 2024 13:37 IST
Mudra loans cross Rs 1 lakh crore this fiscal; this many sanctioned.
Mudra loans cross Rs 1 lakh crore in current fiscal so far; this many sanctioned

The scheme was launched in 2015 by Prime Minister Narendra Modi to provide small-ticket loans of up to Rs 10…

By MSME Desk
August 27, 2024 18:39 IST
Over Rs 25,000 crore business generated this Janmashtami: CAIT
Over Rs 25,000 crore business generated this Janmashtami: CAIT

According to CAIT’s General Secretary Praveen Khandelwal large-scale sales were observed, particularly in flowers, fruits, sweets, deity costumes, decorative items,…

By MSME Desk
August 27, 2024 11:41 IST
RBI to launch Unified Lending Interface to plug credit demand for MSME, agri, other sectors
RBI to launch Unified Lending Interface to plug credit gap in MSME, agri, other sectors

The new platform currently in the pilot stage will “facilitate seamless and consent-based flow of digital information, including even land…

By MSME Desk
August 26, 2024 11:29 IST
ERP testing startup Opkey raises $47 million in Series B round from PeakSpan Capital, existing investors
ERP testing startup Opkey raises $47 million in Series B round from PeakSpan Capital, existing investors

Opkey, which offers a no-code testing platform for business and technical users to automate their application testing in hours, said…

By MSME Desk
August 22, 2024 18:41 IST
Delayed payments: RBI DG asks banks to deploy 'supportive measures' for MSMEs
Delayed payments: RBI DG asks banks to deploy ‘supportive measures’ for MSMEs

While the government has put statutory provisions which entail penalties for delayed payments by buyers, the deputy governor said MSMEs…

By MSME Desk
August 22, 2024 16:46 IST
E-commerce jobs: Online vendors employ 54% more people on average than offline vendors, says survey
E-commerce jobs: Online vendors employ 54% more people on average than offline vendors, says survey

The pan-India survey of 2,062 online vendors, 2,031 offline vendors, and 8,209 consumers of products from e-commerce websites across 35…

By MSME Desk
August 21, 2024 19:04 IST
Travel gear startup uppercase raises $9 million in Series B round from Accel
Travel gear startup uppercase raises $9 million in Series B round from Accel

The startup said it aims to add 250 exclusive retail stores in three years and capture a substantial share of…

By MSME Desk
August 21, 2024 12:37 IST
Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others
Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others

Launched in 2022, TransBnk enables corporates, and commercial and institutional companies to make agile and secure transactions with embedded finance…

By MSME Desk
August 21, 2024 11:44 IST
Axis Bank launches new app for merchants in partnership with Visa, Mintoak; check details
Axis Bank launches new app for merchants in partnership with Visa, Mintoak; check details

The new app would allow Axis Bank to boost its merchant-acquiring portfolio with Visa’s strength in digital payments and Mintoak’s…

By MSME Desk
August 20, 2024 19:13 IST
52% of B2B payments remain overdue for over 90 days in major Indian hubs: Survey
52% of B2B payments remain overdue for over 90 days in major Indian hubs: Survey

The survey conducted on B2B payment trends and challenges faced by over 2,800 of Recorded member businesses from across the…

By MSME Desk
August 20, 2024 18:13 IST
BharatPe to now offer collateral-free loans to merchants; partners with OTO Capital, Volt Money
BharatPe to now offer collateral-free loans to merchants; partners with OTO Capital, Volt Money

Nalin Negi, CEO, BharatPe said the new secured loan offering will “open a new monetization channel for us and also…

By MSME Desk
August 20, 2024 16:28 IST
FM Sitharaman asks PSBs to 'expeditiously implement' Budget announcements for MSMEs
FM Sitharaman asks PSBs to ‘expeditiously implement’ Budget announcements for MSMEs

In the first full budget under the Modi 3.0 government, Sitharaman had announced that PSBs will lead the development of…

By MSME Desk
August 19, 2024 17:53 IST
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Latest News

Andy Burnham is set to become the United Kingdom's next Prime Minister

UK’s new political era is creating winners and losers. Here’s why investors are excited

Infosys CEO Salil Parekh said the company had recruited over 4,000 college graduates during the quarter and is on track to hire 20,000 freshers through the year.

Infosys annual headcount rises by 4,274, to recruit 6,000 forward-deployed engineers

Indian Railways, Railways, New Delhi, Trains

Indian Railways to deploy body cameras for ticket checkers on Prayagraj-New Delhi trains

From Tom Walker to KT Tunstall: Meet the Stars Performing at the Glasgow 2026 Opening Ceremony

From Tom Walker to KT Tunstall: Meet stars performing at CWG 2026 opening ceremony

ITC Chairman and Managing Director Sanjiv Puri. (Photo source: IE)

ITC eyes Rs 8 lakh crore FMCG opportunity by 2035

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