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  3. msme desk

MSME Desk

D2D, skincare, beauty products, Romita Mazumdar, Foxtale, online skincare products, Matrix partners, Growth Partners, Matrix Partners, Kae Capital,
D2C skincare startup Foxtale raises $18 million from Panthera Growth Partners, Matrix Partners, Kae Capital

Founded in 2021 by Romita Mazumdar, a former investment banker, Foxtale currently offers multiple types of skincare products to address…

By MSME Desk
June 12, 2024 15:55 IST
Hospital, Sabine hospital, IVF, CX partners, infertility treatment, Tanas Capital, $50 million, healthcare, Kerala, Muvattupuzha
IVF facility Sabine Hospitals raises $50 million in funding round led by CX Partners 

The hospital, founded in 2010 by Dr Sabine Sivadasan, offers services in infertility, assisted reproductive technology, obstetrics, gynaecology, neonatology, paediatrics,…

By MSME Desk
June 11, 2024 18:00 IST
The Karnataka government ordered on August 12 that all state departments, boards, corporations, public sector units, and universities withdraw their deposits and stop all business with SBI and PNB.
SBI launches 45-minute digital loan facility for MSMEs; check details

The new solution will leverage authentic data sources including ITR, GST returns, and bank statements to underwrite loans quickly.

By MSME Desk
June 11, 2024 15:51 IST
Former Bihar CM Jitan Ram Manjhi gets MSME Ministry; Shobha Karandlage is MoS MSME
Former Bihar CM Jitan Ram Manjhi gets MSME Ministry; Shobha Karandlage is new MoS MSME

Manjhi will replace Narayan Rane who became the MSME Minister in July 2021 during the first major cabinet reshuffle in…

By MSME Desk
June 10, 2024 19:54 IST
MFI
Microfinance gross loan portfolio jumps 24% in FY24: Report

In terms of portfolio quality, the portfolio delinquent by 31 to 180 days past due (DPD) improved for banks and…

By MSME Desk
June 10, 2024 19:12 IST
MSME loans, exports, jobs, and other policy changes expected from new Modi govt: Report
MSME loans, exports, jobs, and other policy changes expected from new Modi govt: Report

A number of policy changes are reportedly expected by the new Modi cabinet to boost job creation, entrepreneurship and business…

By MSME Desk
June 10, 2024 16:21 IST
rooftop solar, solar energy, capital investment, Kyuden International, Norfund, candi solar, STOA, impact investor, solar solutions, financing
Solar company Candi Solar raises $38 million from Norfund, Kyuden International, STOA 

The company said it will use the capital for financing of an additional 200 MW of business solar projects and…

By MSME Desk
June 10, 2024 15:46 IST
This exemption is from July 2017 when the GST was introduced and implements the decision taken in the 53rd GST council meeting held on June 22 this year.
MSME lender Ashv Finance partners with HDFC Bank for co-lending MSME loans

The co-lending deal is part of Ashv Finance’s focus on growing co-lending partnerships for lending to MSMEs.

By MSME Desk
June 7, 2024 16:26 IST
Zetwerk, Zetwerk growth, Zetwerk value
Zetwerk ranks among top 100 most valuable brands in India for 2024

Zetwerk has secured the 64th overall position and 2nd within the engineering category, showcasing its prominence as a new-age pioneer…

By MSME Desk
Updated: August 6, 2024 18:09 IST
Private banks continue to maintain a higher spread
Priority bank credit to MSMEs jumps 18% in April from year-ago period: RBI data

Priority credit to MSMEs in April was 14.9 per cent of Rs 164.76 lakh crore in India’s non-food credit during the…

By MSME Desk
June 6, 2024 14:18 IST
Micro enterprise lender Aye Finance sees 182% jump in PAT; AUM grows to Rs 4,400 crore 
Micro enterprise lender Aye Finance sees 182% jump in PAT; AUM grows to Rs 4,400 crore 

In terms of asset quality, Aye Finance claimed net NPAs (non-performing assets) under 1 per cent of the loan book.

By MSME Desk
June 6, 2024 13:38 IST
Telecom Centre of Excellence India, TCoE, Department of Telecom, dot, msme survey, technology adoption, industry 4.0, 5g, 6g, artificial intelligence
Govt to undertake MSME survey on challenges in adopting Industry 4.0 technologies

In a call for proposal, TCoE said the survey will focus on “digital transformation through 5G technologies and its impact…

By MSME Desk
June 5, 2024 18:54 IST
Testsigma, web and mobile apps, APIs, MassMutual Ventures, Accel, STRIVE, BoldCap, financial technology, enterprise SaaS, healthtech, climate technology, cybersecurity
Testsigma raises $8.2 million funding round led by MassMutual Ventures

Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma allows users to rapidly create, manage…

By MSME Desk
June 5, 2024 16:15 IST
udyam registration, msme registration online, msme registration, msme ministry, udyam certification, udyog aadhaar, micro enterprises, small enterprises, msme jobs, goods and services tax
India now has 4.5 crore registered MSMEs of which 98% are micro enterprises

Of the 4.5 crore MSMEs, 4.4 crore or 98.1 per cent enterprises were micro units followed by 7.04 lakh small…

By MSME Desk
June 5, 2024 15:33 IST
Spiritual tech, venture capital, Astrolak, Elev8, funding, spirituality, Global business, Astrology,
Elev8 Venture Partners leads $14 million funding in spiritual tech startup Astrotalk 

Astrotalk said it will deploy the latest capital towards growing its offerings in regional languages and formats, increasing its global…

By MSME Desk
June 4, 2024 17:10 IST
loan, money, rupee
MSME-focused NBFC Clix Capital’s FY24 PAT jumps 125%, AUM grows 31%

The company had targetted Rs 100 crore profit and Rs 5,000 AUM in FY24.

By MSME Desk
May 31, 2024 19:46 IST
CPI inflation, inflation, RBI, RBI MPC, repo rate, food inflation, price pressures, vegetable prices, custom duties, LPG prices
MSME invoice discounting: M1xchange surpasses Rs 1 lakh crore in business volume

The growth came on the back of increasing acceptance and understanding of TReDS among businesses. M1xchange said it has recorded…

By MSME Desk
May 31, 2024 18:54 IST
Divesting, RDC Concrete, investors, Ashish Kacholia, construction materials, unicorn, Infra.Market, IPO, rdc concrete, Zerodha’s Nikhil Kamath, Capri Global Family Office, Sumeet Kanwar from Verity and Abhijeet Pai-led Wear Steels
Zerodha’s Nikhil Kamath-led investors buy minority stake in Infra.Market’s RDC Concrete

The earlier divestment in November last year to investors led by ace investor Ashish Kacholia had also raised around $20…

By MSME Desk
May 31, 2024 13:22 IST
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Latest News

RBI’s Draft Data Governance Norms to Drive Next Wave of Bank Tech Spending

RBI’s data governance draft may trigger fresh compliance spending by banks

Google-Trends: IND vs ZIM LIVE Streaming on FanCode and Unite8Sports

Google Trends: Why FanCode is Live Streaming ZIM vs IND series while ZEE’s Unite8Sports is broadcasting it on TV?

West Asia War Escalation Hits Indian Trade as Shipping Rates Double & Container Supply Shrinks

West Asia flareup doubles freight, chokes exports

US Student Visa Rules, F-1 visa new rules, Duration of Status, US immigration policy, international students, study in US

US Scraps Duration of Status for Students: F-1 visa holders face 4-year cap, 30-day departure rule

India Approves Qdenga: First Dengue Vaccine Cleared for Ages 4 to 60

Explainer: How Qdenga can be a shot in the arm for dengue prevention

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