SME

Amazon infuses Rs 915 cr in Indian marketplace entity

The infusion in the segment, the first one this calendar year, comes at a time when a deadly spike in Covid infections has nudged more Indians to stay indoors and shop online.
E-commerce companies like Flipkart and Amazon are also extending financial and other benefits to help small and medium sellers that are starting at losses owing to restricted business.

Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback

The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance of an enterprise for the last two years while

Ethereum now more valuable than Visa, JPMorgan Chase; Bitcoin-rival among top five financial services

Ethereum has exploded in the past 12 months. The price has increased over 16 times from $206 as of May 7, 2020, to $3,465 as of May 6, 2021, while the market cap has jumped over 17x from nearly $23 bi

Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps

The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to 23 per cent in FY18 and 32 per cent in FY21.

High variety gives more flexibility to produce goods and services to match a customer’s requirements. Variety and volume correlate—the higher the variety, the lower the volume of products or services.

ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more

Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel & tourism, and leisure & sporting sectors with total cred

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Need Of The Hour: Why does your business need a mobile app in 2021?

E-commerce mobile apps lend a helping hand and also enable startup and small-scale companies to change the way in which they connect with their customers

Vikal Kulshreshtha Portrait

SMEs: Why do they numerically dominate an economy despite heavy odds for their operations

SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late, due to technological influences

Fino Payments Bank goes live with enhanced deposit limit of Rs 2 lakh for MSMEs, small traders, others

RBI had last month announced an increase in the maximum balance limit at the end of the day for payments banks to Rs 2 lakh from Rs 1 lakh earlier in order to boost financial inclusion.

MSMEs hail RBI’s Rs 50,000 crore liquidity support to strengthen Covid infrastructure, supplies in time

Credit and Finance for MSMEs: RBI said that loans under the new liquidity facility will be classified under the priority sector till repayment or maturity, whichever is earlier. Banks may deliver thes

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RBI’s relief measures for MSMEs: 4 key takeaways from Shaktikanta Das speech; experts opine mixed bag

Ease of Doing Business for MSMEs: RBI said it would conduct special three-year long-term repo operations (SLTRO) of Rs 10,000 crore at repo rate for SFBs to provide further support to Covid-hit small

RBI Monetary Policy

PLI scheme guidelines for food processing don’t have measures to benefit MSMEs, says industry body AIFPA

Ease of Doing Business for MSMEs: The Ministry of Food Processing Industries on Monday had issued the PLI guidelines for the food processing sector along with a dedicated online knowledge portal.

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Digital transactions for MSME Min, attached offices decline for third straight year; KVIC tops in volume

Credit and Finance for MSMEs: While KVIC continued to dominate the digital transaction base in terms of volume for the three financial years, the size of the transactions was highest for NSIC during t

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MSME Tool Rooms: Revenue, number of trainees trained, units assisted fall to lowest for FY21 in six years

Skill, Labour, Talent for MSMEs: The tool rooms provide precision tooling along with new technologies including CAD/CAM, CNC machining for tooling, vacuum heat treatment, rapid prototyping, etc. apart

Covid 2.0-induced migrant workers’ exodus unlikely to mirror last year’s move for MSMEs, others: Experts

Skill, Labour, Talent for MSMEs: Last month, multiple state governments had informed the Centre that they are not expecting migrant workers’ exodus this time because of the partial and localised loc

migrants

Express Stores: How this startup is disrupting the hyperlocal kirana space

Express Stores provides a 360-degree solution to retailers which helps them deliver greater value to consumers

The other co-founder, Kartik Gupta (COO at Express Stores) is a BITS Pilani graduate and has built and scaled startups including his first startup, Rocket Internet’s Jabong, Wadi and most recently Flyrobe.

Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features

Ease of Doing Business for MSMEs: The minimum default threshold of Rs 10 lakh, which has been prescribed for initiating the process, would provide much respite to MSMEs by enabling them to have access

NI-MSME: 150% jump in trainees trained amid Covid at govt’s premier MSME development institute in FY21

Skill, Labour, Talent for MSMEs: 154 training programmes involving 3,999 trainees were conducted in FY20 by NI-MSME. Programmes for MSMEs are scattered across marketing, cluster development, and quali

NBFCs, restructering MSMEs, RBI Governor Shaktikanta Das, restructuring scheme of MSME , FIDC

Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts

Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the extension for filing the monthly GSTR-3B return by 15 days

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Small, medium, other hotels again reach out to FM Sitharaman; say ECLGS doesn’t help them to survive

Ease of Doing Business for MSMEs: The government had announced the launch of ECLGS 3.0 in March to cover enterprises in hospitality, travel & tourism, leisure & sporting sectors.

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Amazon India announces measures to help SMBs amid COVID-19

It is temporarily relaxing the claim windows for various types of reimbursements that the sellers file for 30 days, the e-commerce firm said.

Amazon

Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0

Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26 stressed sectors for loan restructuring including corpor

The weakening financial profile of tenants, particularly of highly impacted sectors, is exacerbating the situation, Icra said.

MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0

Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of loan restructuring for businesses and cons

Zomato IPO: What Deepinder Goyal foodtech unicorn’s listing means for Indian startup ecosystem, investors

The 12-year-old startup -- backed by Info Edge, Tiger Global, Ant Financial, etc., and present in 24 countries -- is aiming to raise Rs 8,250 crore ($1.1 billion), according to the draft red herring p

Urban company turns unicorn, valued at $2 billion

The investment is understood to have valued the nearly seven-year old start-up at close to $2 billion, making it the latest entrant to India’s uniorn club.

The firm’s revenue from operations increased to Rs 218.64 crore in FY20 on a consolidated basis from Rs 108.96 crore in FY19. Total losses shot up to Rs 155.17 crore in FY20 from Rs 78.48 crore in the previous year.
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