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  3. msme desk

MSME Desk

Solar company Glow raises $30 million from Framework, Union Square Ventures
Solar company Glow raises $30 million from Framework, Union Square Ventures

Launched in 2023, the company has three solar farms in Rajasthan, generating a total of 21.3 MW of solar capacity…

By MSME Desk
December 4, 2024 18:28 IST
Most SMEs reluctant to invest in sustainability: Survey
Most SMEs reluctant to invest in sustainability: Survey

The survey said 53 per cent are only willing to invest 1-3 per cent of their operating budget into sustainable…

By MSME Desk
December 4, 2024 16:48 IST
DPIIT partners with Moglix to back manufacturing startups in chemicals, automotive, green energy, infra
DPIIT partners with Moglix to back manufacturing startups in chemicals, automotive, green energy, infra

Startups will be provided with access to Moglix’s mentor network, supply chain infrastructure, and financial support via Credlix, its NBFC…

By MSME Desk
December 4, 2024 12:44 IST
Potential-linked credit plans can address credit need of SHGs, MSMEs, farmers: RBI's Swaminathan J
Potential-linked credit plans can address credit needs of SHGs, MSMEs, farmers: RBI’s Swaminathan J

Swaminathan said credit planning should adopt a bottom-up approach to convey the needs of the centres and then designing a…

By MSME Desk
December 3, 2024 12:55 IST
No survey for closed MSMEs conducted so far: MoS MSME
No survey for closed MSMEs conducted so far: MoS MSME

As of July 25, 2024, out of 2.76 crore MSMEs registered on the Udyam portal since its launch on July…

By MSME Desk
December 2, 2024 18:46 IST
RBI, RBI MPC, rate cut, repo rate, interest rate, inflation, GDP growth, growth concerns, manufacturing, investment
Bank credit to MSMEs up by 14% in October: RBI data

The credit deployment to MSMEs in October was 15.7 per cent of India’s non-food credit of Rs 167 lakh crore,…

By MSME Desk
December 2, 2024 14:17 IST
Becoming entrepreneur among highest aspirations of India's Gen Z: Study
Becoming entrepreneur among highest aspirations of India’s Gen Z: Study

Starting up is among the highest aspirations for today’s Gen Z, according to the fintech company BankBazaar’s latest Aspiration Index.

By MSME Desk
December 2, 2024 13:34 IST
16 MSMEs, 20 startups supported under Technology Development Fund scheme, says Defence Ministry
16 MSMEs, 20 startups supported under Technology Development Fund scheme, says Defence Ministry

During the last five years, 42 projects of Rs 182.41 crore to MSMEs and 25 projects of Rs 59.47 crore…

By MSME Desk
November 29, 2024 18:23 IST
CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi
CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG, Citi

Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from…

By MSME Desk
November 29, 2024 16:44 IST
IPO-bound CarDekho cuts losses by 40%, revenue jumps 54% in FY24
IPO-bound CarDekho cuts losses by 40%, revenue jumps 54% in FY24

CarDekho said it reduced its losses on the back of its first full-year standalone profitability of around Rs 37 crore…

By MSME Desk
November 28, 2024 18:01 IST
GST, 45-day payment rule, credit, EoDB, more: Assocham-EGROW study suggests changes to overhaul MSME sector
GST, 45-day payment, credit, EoDB, more: Assocham-EGROW study suggests changes to overhaul MSMEs

MSMEs across India face key challenges related to access to finance, compliance with taxation and labour laws, obtaining business registrations,…

By MSME Desk
November 28, 2024 14:51 IST
L&T Finance partners with Amazon for loans to latter's customers, merchants
L&T Finance partners with Amazon for loans to latter’s customers, merchants

The tie-up will also boost L&T Finance’s product diversification strategy and improve credit availability for consumers.

By MSME Desk
November 26, 2024 16:19 IST
MSME delayed payments: 45-day payment rule endorsed by MSME associations as beneficial, says FinMin
MSME delayed payments: 45-day payment rule endorsed by MSME associations as beneficial, says FinMin

In April this year, a new clause (h) was inserted in Section 43B of the Income-tax Act 1961 to provide…

By MSME Desk
November 26, 2024 13:56 IST
MSME NPAs for banks at 4.4% as of March 2024: FinMin
Banks’ MSME NPAs at 4.4% as of March 2024: FinMin

The gross NPAs in MSME loans by SCBs had declined by 14 per cent to Rs 1.31 lakh crore in…

By MSME Desk
November 25, 2024 18:59 IST
RBI asks MSMEs to formalise business, focus on credit discipline, capacity building for credit access
RBI asks MSMEs to formalise business, focus on credit discipline, capacity building for credit access

“While regulatory policies and government schemes have played a crucial role in creating an enabling environment for MSMEs, it is…

By MSME Desk
November 25, 2024 17:51 IST
VA Tech Wabag, order, waste water treatment, green energy
Co-lending: Outstanding advances jump 7x under agri, MSME segments

RBI in 2020 had permitted scheduled commercial banks (SCBs) to co-lend with all registered NBFCs including housing finance companies to…

By MSME Desk
November 25, 2024 13:44 IST
Want to close your company? Here's step-by-step process
Want to close your company? Here’s step-by-step process

Any remaining assets, after clearing the liabilities, are distributed among the shareholders in proportion to their investments in the company.

By MSME Desk
November 22, 2024 18:38 IST
IIT Bombay's incubator plans Rs 100-crore fund; support to 1,000 startups in 10 years
IIT Bombay’s incubator plans Rs 100-crore fund; support to 1,000 startups in 10 years

The institute said the startup fund will focus on science, biotech, space, defense, and other national priority sectors. 

By MSME Desk
November 22, 2024 14:09 IST
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Museums get an AI makeover

Vera Silva, Chief Strategy & Technology Officer, Electrification Systems, GE Vernova

‘The power grid must get smarter before it gets bigger’: Vera Silva, Chief Strategy & Technology Officer, Electrification Systems, GE Vernova

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