Nearly 33,000 first-time entrepreneurs set-up these many small businesses in past five years in India

Ease of Doing Business for MSMEs: According to the MSME Ministry’s 2019 annual report, out of 6.33 crore MSMEs in India, only 0.05 lakh are medium enterprises while 3.31 lakh are small and 6.30 crore are micro-units.
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Jeff Bezos reveals Plan B had Amazon not worked out; world’s richest man would be doing this instead

Amazon founder Jeff Bezos, who is also the world’s richest man thanks to the online bookstore that laid the foundation of e-commerce firm, had a Plan B in his arsenal had his bet on Amazon not worke

CEO Jeff Bezos, Jeff Bezos News

OYO losses up over 500% in FY19 even as revenue jumps 350%; cuts India losses

OYO’s global expansion, particularly China during FY19 has led an increase in its consolidated losses from 25 per cent of revenue in FY18 to 35 per cent in FY19

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Angel’s advocate: 7 reasons why becoming angel investor in startups would be worth every penny

Gone are the days when the assumption was that only those individuals who were classified as super-rich had the potential to become an angel investor in a start-up.

Cafe SME News

Investment in J&K from large firms is welcome but focus on MSMEs must for entrepreneurship: LG Murmu

Ease of Doing Business for MSMEs: The UT will conduct roadshows across the country from February 17 onwards to boost investment in Jammu and Kashmir's industrial sector.

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‘Terrible’ WeWork gave outsized headache; ignored promise of sustainability for growth, says investor

WeWork's largest outside shareholder -- SoftBank’s Masayoshi Son had last year said he is “embarrassed” by his track record as his bets on Uber and WeWork didn’t pay off as expected.

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BharatMatrimony parent’s Q3 profit slips again even as marketing spend continues to shoot up, which competes with, Jeevansathi etc., runs over 300 community-based and 15 regional matrimony sites.

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Now startups to help govt tackle terrorism; entrepreneurs to work with National Security Guard

The Defence Ministry is looking to invest in 250 startups in the defence sector and achieve 50 tangible innovations in the coming five years.

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Uber cabs to become new billboards for ads as company looks to enter this new business

Uber has proposed to tweak its MOA to “enter into a new line of business” to “carry on in India or abroad the business of marketing, advertising, and branding for itself or third parties."

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Coronavirus: China’s small businesses likely to take maximum hit as MSMEs dominate affected region

The Chinese authorities have reportedly asked the factories and businesses to stay shut for as long as three more weeks.

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Skill gap in cybersecurity: Setting up forensic university to help businesses tide over talent shortage

Currently, the global IT industry is staring at a massive dearth of cybersecurity professionals.

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Swiggy to co-create delivery brands through BrandWorks

Vishal Bhatia, CEO, new supply at Swiggy, said the food delivery firm aims to co-create hundreds of such brands with multiple restaurant partners across the country by the end of 2020.

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Amazon tells court CCI order lacks ‘factual backing’; claims no preferential treatment to sellers

Amazon’s lawyer Subramanian said the petitioner (Amazon) has no control over the functioning of the sellers on the platform as they are separate entities.

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Business of love: How startups are finding more customer love this Valentine’s Day

With Valentine's week currently underway, startups are making a beeline for millennials to commercialise the big day in every way.

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Do SMEs, startups need GST registration? Eligibility, exemption, key things to know before applying

In order to understand the requirement for compliance with the Goods and Services Tax Act (the Act), it is imperative to assess whether GST registration is required or not.

Cafe SME News

Forget discounts, this strategy is what can help entrepreneurs attract and retain customers for long-term

For today’s consumers who are always hustling, time is money (in the literal sense). Most would prefer a good hassle-free customer experience to deals that are cheaper but cost them more time, energ

Cafe SME News

7 ways how Modi govt made life easier for small companies: Lower penalties, fee concessions and more

Ease of Doing Business for MSMEs: Lesser penalties are applicable for small companies, one-person companies, for certain contravention.

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Snapdeal doubling down on these sellers to become dominant e-commerce portal for India’s hinterland

The untapped market beyond urban India holds potentially 400 million new e-commerce users who believe in buying value-for-money products if available online apart from their traditional local markets.

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This Google-backed MSME lender just crossed key milestone amid flattening growth in bank credit

Credit and Finance for MSMEs: According to the recent RBI data, growth in bank credit to micro and small enterprises (MSE) has remained contracted in the current FY so far.

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Growth in bank lending to small businesses remain flat in FY20 so far; here’s what RBI data shows

Credit and Finance for MSMEs: MSEs in manufacturing witnessed a higher contraction of 2.7 per cent for the April-December period in the current FY.

Industry News

Tea cafe chain Chaayos raises $21.5 million funds

Alongside growing the network, the company will continue to invest into technology and augment team across all levels, he added.

The company, he said, is a technology driven chai café and guests can choose chai from over 80,000 customisations. News

Not Karnataka, this state boasts of highest number of govt-recognised startups; Delhi tops this key area

India is currently the third-largest startup ecosystem globally, behind the US and China, with around 9,000 technology startups.

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Who’s selling on GeM portal? These sellers have lion’s share in government e-procurement

Trade, Imports, Exports for MSMEs: Similar to Commerce Ministry’s GeM, MSME Ministry is also planning a dedicated e-commerce platform on the lines of Alibaba and Amazon called Bharat Craft to help M

Industry News

Toy MSMEs ask govt to rollback 200% import duty hike; fears unemployment, business shutdown

GST and Taxation for MSMEs: During Nirmala Sitharaman’s recent visit to Kolkata, the West Bengal Exim Association had raised the issue of increased import duty and sought its rollback.

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