Sandeep Soni

Articles By Sandeep Soni

505 Articles

Google widens its UPI lead ahead of WhatsApp’s e-payments foray; launches new app for merchants

Technology for MSMEs: With the new app by Google Pay, launched two years back in India, physical merchants can place a ‘Spot Code’ like a QR code at specific locations that customers would be able to scan.

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Need for govt to engage with industry, academia for tech research, IP creation among MSMEs in chemicals

Ease of Doing Business for MSMEs: The government had asked the industry to suggest if policy interventions are needed to help the chemicals sector grow as it has the potential to scale from $163 million to $304 million by 202

Government, FDI, chemical industry, industry news, FDI inflow, CII,  foreign direct investment News

This small business raises Rs 1,610,000,000 to sell momos in India, China; gets money from Tiger Global

Credit and Finance for MSMEs: The company has enhanced its focus on click and mortar model as it eyes a hybrid operating model that contains a mix of physical stores in prominent retail locations and cloud kitchens, on the ot

Industry News

MSMEs in nanotechnology: Why graphene is ‘wonder material’ for small businesses

SME of the Week: Among the most profitable branches of nanotechnology is Graphene-based and is also hailed as the ‘wonder material’ as the carbon material is known for being the thinnest and strongest material.

Industry News

MSME procurement worrisome: Govt buying from small businesses lag behind halfway through FY20

Ease of Doing Business for MSMEs: The government had last year revised the annual public procurement target for MSEs by the central ministries, departments from 20 per cent to 25 per cent of the total annual purchases.

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Over 6,000 MSMEs to go digital as CII, Dell announces new centre to support small businesses

The centre will act as a neutral platform to allow technology providers to support MSMEs. The centre was set-up in partnership with Tata Communications, Dell Technologies and NIIT Technologies.

Industry News

MSMEs’ overall export credit cost to be reduced with new loan scheme for exporters, says FIEO

Commerce minister Piyush Goyal had last week highlighted the ‘not satisfactory’ growth in exports this year despite the country’s huge export potential “due to the trade dispute between the US and China which has prov

Industry News

E-commerce deadline extended: More time given for comments on draft consumer protection guidelines

The department had issued the draft more than five months after DPIIT came out with the draft e-commerce policy for regulating flow and storage of user data along with regulations governing e-commerce portal including Amazon,

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Back to life: Telangana sees revival of these many sick MSMEs so far

In 2017, the Telangana government had launched an NBFC -- Telangana Industrial Health Clinic Limited (TIHCL) to prevent incipient sickness among MSMEs and to rehabilitate sick units.

SME, bad loan ratio, March quarter, Transunion Cibil and Small Industries Development Bank of India, Sidbi, industry news, MSME, NPA, RBI News

E-commerce discounts fade away; hit online shopping as fewer buyers log on

In comparison to H1 2018, while the online buyers have reduced by 7 per cent, online spending and average ticket price have also gone south by 21 per cent and 27 per cent respectively.

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Ease of doing business: Small firms likely to be exempted from GST return filing

GST Council will be discussing measures to exempt small businesses having turnover below Rs 2 crore from filing annual GST returns even as the number return filings has remained unsatisfactory.

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Cheer for exporters: New credit scheme on anvil with enhanced insurance cover; to benefit MSMEs

MSME-related products' share in India's total exports for FY19 stood at 48.10 per cent while the value for MSMEs’ share of exports was $147.4 billion.

exports, CII, machinery, world leading importers, research on trade, industrial clusters News

MSME lending: Worst yet to come; unless RBI bails out NBFCs, loan against property to fall more

The value of loan against property (LAP) assets managed by HFCs and NBFCs went up by only 8.3 per cent over the six months to December 2018 down from 15.4 per cent rise over the previous six months, Moody’s said.

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Sales growth not working capital is major challenge for MSMEs, says survey

For 47 per cent of the MSMEs, surveyed by Mumbai-based consulting firm A&A Business Consulting focusing on small and medium businesses, sales growth and not the working capital is the major challenge.

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Govt’s Alibaba-like e-commerce portal for MSMEs to make small businesses as attractive as startups

MSME Minister Nitin Gadkari had said that the government is planning to launch the e-commerce portal Bharat Craft on the lines of Alibaba and is expected to get to the turnover of Rs 10 lakh crore in the coming few years.

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Borrowing from NBFCs? Here’s checklist of 5 must-haves for MSMEs before selecting right lender

Over the last couple of decades, Non-Banking Financial Institutions (NBFCs) have emerged as a convenient, affordable, and quick source of borrowing for SMEs particularly in remote areas where banks may not be in abundance.

These changes will help some reduce some of the challenges faced by retail NBFCs as the risk factors of retail-lending NBFCs are different from infrastructure or consumer-lending NBFCs. News

India’s search for cleaner, greener fuel may end in its kitchens

As of now, used cooking oil is either not discarded or disposed of in an environmentally hazardous manner and sometimes even finds its way to smaller restaurants, dhaabas, and street-vendors.

Industry News

Govt’s special focus on SC/ST entrepreneurs: Additional subsidy to boost tech adoption, production

The government will also provide 10 per cent extra subsidy to SC/ST entrepreneurs apart from the existing 15 per cent subsidy to all MSMEs on credit of up to Rs 1 crore for purchasing plant and machinery.

SME, bad loan ratio, March quarter, Transunion Cibil and Small Industries Development Bank of India, Sidbi, industry news, MSME, NPA, RBI News

Ease of doing business: Majority MSMEs benefited but no improvement on cutting business costs, says survey

MSMEs believed no improvement has occurred with respect to improvement in the availability of land and the process to acquire it, the cost involved in the purchase of land, starting a business, labour, registering property, a

planning finances, monthly SIP,  investments, financial goals, delaying investments News

Delayed MSME payments: Nitin Gadkari says not enough complaints filed, need more filings to take action

According to the MSME Samadhaan portal, 24,486 applications have been filed by MSEs involving Rs 6,274.66 crores out of which 1,420 applications are disposed of by the Micro and Small Enterprise Facilitation Council (MSEFC) w

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OYO tops LinkedIn’s startup employers list; Bengaluru home to half of preferred employers

Interestingly, close to 50 per cent of the startups this year are from Bengaluru including Cure.Fit, TapChief, Bounce, and Udaan that highlights Bengaluru’s status as India’s Silicon Valley.

Industry News

Now use Swiggy to pick or drop lunch, documents, laundry, more; company takes on Google-backed Dunzo

Swiggy Go and Stores have helped the foodtech unicorn Swiggy to make the hyperlocal delivery market more competitive for existing players such as Google-funded and Bengaluru-based Dunzo and other smaller players such as Chen

Industry News

Missing last mile: Fintech panel silent on implementation of recommendations, says think tank

While the Steering Committee on Fintech made recommendations but it should have highlighted roadblocks in their adoption and what could be the roadmap in their implementation, according to Pradeep S Mehta, Secretary General,

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Don’t interfere in our online sales, e-sellers tell brands; seek equality in offline, online channels

Calling for an ‘equal opportunity’, 87 per cent of sellers surveyed said that brands have no right to restrict which sellers will sell their goods online since they there is no such enforcement in selling goods offline.

Government e-Marketplace, Flipkart, private sector, waste management, Automobiles, transportation News

Traders burn Walmart effigy in Haridwar; plan state-wide protests against US retailer’s stores

The small and micro retailers and distributors in Haridwar are scattered across categories including woollen garments, puja articles, handicrafts, artificial jewellery etc., and have tourism as their primary source of busines

Walmart International's net sales declined to $29.13 billion from $29.45 billion reported in the year-ago period. News

OYO’s big move in vacation rental: Acquires another European company to enable dynamic pricing in bookings

The deal comes around four months after OYO acquired vacation rental company based in Amsterdam for Leisure Group for Rs 2,900 crore to boost its vacation rental business in Europe.

OYO to add over 3,000 employees in India over 6 months News

WhatsApp, Dell, Intel, others offer technology support to MSMEs; partner with govt, CII

Global technology corporations including Whatsapp, Dell, Intel, HP, Vodafone Idea has partnered with industry body CII and Ministry of MSME along with banking partner YES Bank to facilitate India’s MSMEs.

Industry News