Sandeep Soni

Articles By Sandeep Soni

574 Articles

Global platform for local SMEs: India’s TPCI, Singapore’s central bank to help them export worldwide

Trade, Imports, Exports for MSMEs: Trade and investment promotion body TPCI announced the launch of an online trade platform -- Business Sans Borders (BSB) in partnership with Singapore’s central bank -- Monetary Authority

Industry News

Piyush Goyal lashes out at developed countries; says denying MSMEs opportunity to sell goods

Trade, Imports, Exports for MSMEs: Goyal’s comments come days after India decided to step out of the RCEP agreement stating that the country did not get any “credible assurance on market access and non-tariff barriers”.

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Credit card for startups, SMEs: Small businesses can now manage expenses, payments; enjoy rewards

Credit and Finance for MSMEs: Tiger Global-backed neobanking startup Open partnered with Visa to launch Founders Card -- credit card for SMEs and startups to manage their expenses and vendor payments.

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Corporates looking to back startups? This VC fund will handpick them for you with this new programme

Venture capital fund 100X.VC is looking to partner with Indian corporates as part of its corporate venture capital (CVC) programme to give them a ready pipeline of investible startups.

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Govt alerts Amazon, Flipkart, others again; says don’t influence prices, post fake reviews

The draft rules come three months after the consumer protection guidelines were issued by the Department of Consumer Affairs and nine months after the draft e-commerce policy was brought out by the Department for Promotion of

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MSMEs looking to list? Govt willing to buy 10% of your bonds

Credit and Finance for MSMEs: Access to credit and finance remains perhaps the biggest challenge for small businesses to run their business operations smoothly even as delay in payments from large PSUs and private enterprises

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How to identify micro, small units from medium businesses: Real small enterprises suggest this to govt

Ease of Doing Business for MSMEs: Laghu Udyog Bharti -- the national body for micro and small businesses in a note issued to the MSME ministry on November 6, 2019, suggested increasing the threshold limits of investment in pl

Industry News

After Facebook, this social networking platform adds another tool for SMEs to grow business online

The digital adoption among MSMEs is gradually moving up given the increasing awareness among them to streamline businesses and make them more efficient. This opens up a large market for technology companies to invest in.

Industry News

In one year, Paytm Japan becomes 2nd most preferred cashless service; transactions, users grow rapidly

PayPay, apart from payment offering, helps users with multiple services including food, pharmacy, bill or tax payment, travel-related bookings including flight tickets, hotel, and cab etc., similar to Paytm app’s offerings

Industry News

SMEs will make digital payments only if this one worry is solved | PayPal interview

"Receiving money is very easy but there is a cost of money and at the same point of time there is a risk element to it. For that, we have a programme called Buyer Seller Protection programme that SMEs really appreciate," says

Cafe SME News

India to have 105 unicorns by 2025; Grofers, Practo, CarDekho, others next to hit $1 billion valuation

India could see the number of unicorns growing to 95-105 by the year 2025 with a cumulative valuation of a whopping $350-390 billion, said Nasscom in its annual startup report.

Industry News

This small NBFCs lender disbursed nearly Rs 14k crore; mid-size firms attract majority capital

Credit and Finance for MSMEs: Vivriti Capital, which has around 180 NBFC clients lending to SMEs, has cumulatively disbursed Rs 20,000 crore through its online lending platform CredAvenue since its launch in 2017.

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MSMEs would suffer the most had India joined RCEP, says PHD President

Trade, Imports, Exports for MSMEs: One of the driving factors for India to reject RCEP was that MSMEs would suffer the most had India agreed to the member countries' ambition to remove duties on around 90 per cent of the prod

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VCs tightening purse strings; startups may find difficult to raise funding in 2020

Startup funding is likely to grow at a meagre 4 per cent YoY in 2020 as VCs would opt for increased scrutiny of startups with high valuations.

Industry News

MSMEs attract 85% industry credit in September; monthly growth turns positive for 1st time in FY20

Credit and Finance for MSMEs: Overall credit growth has picked up rapid pace beginning September 2019 jumping by Rs 1.08 lakh crore, courtesy, Housing, NBFC and lately MSME sector.

GDP growth averages 8% (new series) for 2005-11, and then 6.8% for 2012-19. News

Small businesses’ new weapon against big firms: IBC gives MSMEs this power to collect dues

Credit and Finance for MSMEs: The Insolvency and Bankruptcy Board of India (IBBI) has now made it compulsory for the buyers of MSME products to confirm the pending invoices from their operational creditors based on the querie

Industry News

Now book movie tickets on Amazon; Jeff Bezos company offers new service in India as it turns super-app

Amazon is increasingly turning into a super-app -- an umbrella app for many apps -- selling almost everything under 17 broad categories. The new service is launched under the ‘movie tickets’ category under ‘shop by cate

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Walmart effect? Flipkart cut losses by 63%, revenue up 42% in FY19 under new management

The parent company -- Flipkart Pvt Ltd, which was acquired by Walmart in August 2018, has been able to cut its losses to Rs 17,231 crore for FY19 from Rs 46,895 crore in FY18.

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Facebook’s Mark Zuckerberg upbeat about WhatsApp Pay in India, says lot of people will use it

The UPI-based peer-to-peer payment service was announced in February 2018. The beta version of the service was expected to see a complete roll out this year, however, Facebook is yet to announce its formal launch.

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SoftBank’s Masayoshi Son sticks to his ‘Vision’; says will give ‘cash to fight’ to grow bigger, quicker

Son’s comments come days after he felt “embarrassed and flustered” by his track record given the string of bets by SoftBank Vision Fund that came into the firing line because of poor IPO performances.

Industry News

Ola gets CCI nod to sell stake to Hyundai, Kia as it looks to speed up electric vehicle business

Competition watchdog CCI on Wednesday announced approval to the acquisition of stake in cab hailing company Ola’s parent ANI Technologies and its electric vehicle arm Ola Electric by car makers Hyundai and Kia Motors.

Industry News

Tech IPOs debacle spooks investors; ditch growth for profitability as new mantra to create unicorns

Startup investors would be looking to re-work the fundamental business model of growing a startup -- to prioritise fast growth above everything else -- in the coming year.

Industry News

Modi vouches for Indian startups, says investing in young businesses will deliver maximum returns

Stressing on India’s growing significance in the startup world, Modi said India has become the world's third-largest startup ecosystem and that the country’s Tier-II and Tier-III cities are also witnessing the emergence o

Industry News

PhonePe net loss 8 times its total income; here’s how much Flipkart’s payments unit spent last year

PhonePe spent Rs 2153 crore in FY19 in total expenses up from Rs 840 crore in FY18 (to earn a total income of Rs 245 crore) even as it spent nearly Rs 1297 crore in ads and promotions in FY19 that increased from Rs 602 crore

Industry News

Flipkart’s loss for wholesale arm nearly doubles even as it continues to invest for e-commerce supremacy

Flipkart had invested Rs 1,431 crore in the wholesale business in January this year for which the parent company was issued 4.86 lakh shares in Flipkart India at Rs 29,399 per share price.

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Small businesses rely heavily on third parties; must safeguard amid concerns over outsourcing | Interview

From 46 per cent in 2018, 48 per cent SMBs this year reported data breach cases, as per Kaspersky report. Moreover, micro-enterprises also saw such instances increased from 30 per cent to 36 per cent between 2018 and 2019 so

Cafe SME News

MSMEs welcome jump in Ease of Doing Business rank but say ground level change still missing

Ease of Doing Business for MSMEs: According to the World Bank among other improvements, obtaining permits to build a warehouse now costs 4 per cent of the warehouse value which is down from 5.7 per cent in the last year.

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