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MSME Desk

congress, congress manifesto 2024, startups, angel tax, gst, goods and services tax, intellectual property, jobs, manufacturing, bjp
Congress manifesto 2024: ‘Will lessen tax burden on MSMEs, replace GST, eliminate Angel Tax’

The manifesto said shopkeepers and small retail businesses that face intense competition from online businesses will be given significant tax…

By MSME Desk
April 5, 2024 17:14 IST
holani consultants, holani venture capital fund, sme fund, equity markets, sme stocks, bse sme, nse emerge, stock broker, merchant banker, aif, sebi
Merchant banker Holani Consultants launches Rs 400 crore SME-focused fund

The new venture fund seeks to identify and capitalise on the investment opportunities in the equity markets through a combination…

By MSME Desk
April 5, 2024 16:48 IST
National Logistics Day 2024, logistics industry, e-commerce, Artificial Intelligence, Machine Learning, Automation, delivery, sustainability
iThink Logistics joins ONDC for logistics support to MSMEs

As an end-to-end shipping SaaS (software-as-a-service) platform for D2C brands, iThink Logistics’ online portal can be linked with marketplaces or…

By MSME Desk
April 2, 2024 16:36 IST
tds, tax deducted at source, ministry of corporate affairs, tax filing, deductor, rent, salaries, tds return rate, tds due date
How to file TDS return online? Here’s step-by-step process for MSMEs

The person or company deducting TDS needs to file for returns by the end of the month following the quarter…

By MSME Desk
April 2, 2024 13:51 IST
Walmart Vriddhi partners with D&B to help MSMEs with credit access, bid on contracts, more

Under the MoU signed between Swasti, the programme partner and Dun & Bradstreet, the number will be assigned to MSMEs…

By MSME Desk
April 2, 2024 11:49 IST
rural, poverty
MSME-focused NBFC Namdev Finvest raises $19 million funding round led by PE investor Maj Invest

“This round of funding will help us to extend our reach into newly expanded rural geographies,” said Jitendra Tanwar, Managing Director &…

By MSME Desk
April 2, 2024 07:00 IST
loan, money
CGTMSE loan for MSMEs: Rs 2 lakh cr guarantees approved in FY24, highest ever in a single FY

In FY23, the total amount in guarantees approved was Rs 1.04 lakh crore across 11.65 lakh guarantees and Rs 56,172…

By MSME Desk
April 1, 2024 18:39 IST
defence, jamwant venture fund, technology development board, tdb, indian navy, covid, idex, aditi scheme
Navy veteran Navneet Kaushik launches Jamwant Venture Fund to back defence startups

The alternative investment fund will focus on startups in the defence sector to contribute to the growth and development of…

By MSME Desk
April 1, 2024 13:51 IST
venture intelligence, pe-vc investments, private equity, venture capital, startup funding, tracxn
PE-VC investments drop 8% in Q1 2024 from year-ago period

Q1 2024 investments were also down by 6 per cent from $6.6 billion invested across 200 deals in the immediate…

By MSME Desk
April 1, 2024 11:22 IST
public procurement, msme sambandh, cpse, ministries, sc/st MSMEs, women msmes
CPSEs make 36% of their annual purchases in current FY from micro, small enterprises

The total number of MSEs benefitting from the public procurement in the current financial year was 1.90 lakh including 8,092…

By MSME Desk
March 29, 2024 17:16 IST
section 43b (h), income tax act, delayed payments, IT act, budget, msme dues, deductions, expenses
45-day MSME payment rule effective from today: How buyers will be taxed on delayed payments

The government in last year’s budget had proposed an amendment to Section 43B of the Income Tax Act to insert…

By MSME Desk
March 29, 2024 16:12 IST
husk power systems, minigrid, clean energy, africa, european union, european investment bank, rooftop solar
Clean energy company Husk Power secures $20 million debt from European Investment Bank

According to the company, this is the first time that a minigrid company has accessed corporate-level debt, and also the…

By MSME Desk
March 28, 2024 19:53 IST
msme credit, msme loans, bank credit, rbi, reserve bank of india, msme loans in february 2024, ficci, micro and small enterprises, medium enterprises, priority sector lending, ipo, bse sme, stock listing
MSME credit jumps 19% to Rs 24 lakh crore in February under priority sector lending: RBI data

The MSME credit deployed in February was 15.1 per cent of Rs 161.6 lakh crore in India’s total non-food credit…

By MSME Desk
March 28, 2024 18:19 IST
sindhuja microfinance, mfi, rural women entrepreneurs, self employed women, banks, small finance banks, reserve bank of india, rbi, GAWA Capital and Oikocredit
Microfinance provider Sindhuja Microcredit raises $14.5 million from GAWA Capital, Oikocredit

Earlier, Sindhuja had raised Series A funding from Carpediem Capital, which came in as the first institutional investor backing the…

By MSME Desk
March 28, 2024 13:33 IST
amazon, amazon sellers, amazon brand protection report, ecommerce fraud, online fraud, amazon Counterfeit
Amazon: Over 7 lakh attempts by counterfeiters to create seller accounts stopped in 2023

The company said it invested over $1.2 billion and employed more than 15,000 people—including machine learning scientists, software developers, and…

By MSME Desk
March 26, 2024 13:36 IST
holi, holi sales, confederation of all india traders, cait, wedding season, praveen khandelwal, chinese goods, make in india, gulal, colours
Holi 2024: Over Rs 50,000 crore business expected this year, says CAIT

Business in Delhi alone is expected to be worth around Rs 5,000 crore as traders across the country continue to…

By MSME Desk
March 22, 2024 15:53 IST
In June 2023, RCap lenders approved the resolution plan submitted by Mauritius-registered IIHL.
MSME delayed payments: Amount pending for settlement crosses Rs 20,000 crore

The portal has received 1.80 lakh applications so far involving Rs 41,804 crore, of which only 34,991 cases involving Rs…

By MSME Desk
March 22, 2024 13:58 IST
ultrahuman, smart ring, wearables, health and fitness, Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation, Zomato, Deepinder Goyal, IDC, crunchbase, glucose, bp, sugar
Wearable startup Ultrahuman raises $35 million from Blume, Steadview, Zomato’s Deepinder Goyal, others

The company said it has become the second-largest player in the smart ring market in the past 12 months while…

By MSME Desk
March 20, 2024 17:09 IST
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RBI’s data governance draft may trigger fresh compliance spending by banks

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