SME
Over 70,000 Indian exporters gear up for Black Friday, Cyber Monday sale through Amazon
Exports will continue to play a critical role in the revival and growth of Indian economy and e-commerce exports help lower the entry barrier for Indian MSMEs to build and scale their exports business
Govt: Share of monthly pending MSME dues gets ‘normal’; drops to 20% in Oct while procurement doubles
Credit and Finance for MSMEs: While 25 ministries and 79 CPSEs had bought goods worth Rs 2,346.82 crore from MSMEs in May, the number of borrowers also went up to 26 ministries, and 100 CPSEs purchasi
‘Priority lending, urging FMCGs and e-commerce firms to lend may ease small retailers’ credit crisis’
Credit and Finance for MSMEs: The recommendations come days after the government had announced an extension to its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) from October 31, 2020,
Cars24 is India’s latest unicorn with $200 million funding round led by DST Global
The investment will be deployed towards technology and product innovation apart from scaling new business verticals. Existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound also
Infibeam eyes lion’s share of e-commerce payments in Oman; to process transactions for its biggest bank
Online (channel) is growing fast in that (Oman) market even as post-Covid online transactions across the world have picked up. As a result, merchants will always find the appetite to be able to sell p
‘Many MSMEs are still unaware of digital impact, they fail to build customer loyalty, retention’
Technology for MSMEs: The Coronavirus crisis and the lockdown was a phase of evolution for various MSME sectors. Digitization opened the gates for many local businesses to strengthen their operations
Tax holiday: Start-ups to not get extra relief
Currently, start-ups that are incorporated between April 1, 2016, and March 31, 2021, are allowed to apply for the I-T relief and the eligible ones get it for a block of three out of the first 10 year
SoftBank’s Manoj Kohli: E-commerce, education, healthcare, and fintech to transform faster post Covid
"The government is very sensitive to technology changes while a lot of policy evolution is taking place and we are happy with that. Atmanirbhar Bharat is an excellent slogan given by the PM," said Sof
Vocal for Local: Reliance Retail doubles down on local handicrafts; engages with this many artisans
Ease of Doing Business for MSMEs: Reliance Retail’s Indie by AJIO is an online artisan store on fashion marketplace AJIO for local artisans and handcrafted products in categories such as apparel, ho
Photonics startup LightSpeedAI Labs secures funding from YourNest, growX; to invest in building MVP
The startup had received its pre-seed funding from Entrepreneur First last year and was later a part of the Semiconductor Fabless Accelerator Lab – an initiative of the Karnataka government and Indi
Valued at $12 billion, Byju’s a class apart
The ed-tech sector has cornered the bulk of the start-up funding this year with students across the country signing up for ed-tech services to make up for lost school hours.
Chqbook: Make your small business big
Chqbook works closely with credit bureaus and financial institutions to deliver tailormade financial products to small business owners
Crofarm: Fresh produce at your doorstep
This agri-tech startup recently launched its B2B2C platform Otipy to strengthen the supply chain of fresh products in the country.
Byju’s continues to amass capital; now raising $200 million two months after securing half a billion
Excluding the current round, Byju’s has raised $1.12 billion in 2020 and $2.1 billion so far in over 17 funding rounds, according to Crunchbase. The last round of $500 million counted BlackRock, San
SoftBank’s Masayoshi Son says he was ‘so stupid’ to miss funding Amazon because of lack of money
"I would rather accept my stupidity and my ignorance for bad decisions so that I can learn from my mistake and not to repeat it so that I can become smarter," said SoftBank's Son.
OYO to focus on 5 core markets amid COVID crisis, says group CEO
The company, which saw its gross margins fall sharply after the outbreak of COVID-19, said its gross margins are now back to 85 per cent of the pre-pandemic levels.
Indian talent today touches almost every part of Amazon’s global offerings, says Amit Agarwal
Agarwal said Indian e-commerce is early in its evolution, with barely 3 per cent of total retail consumption, but is already ushering in faster digitization across the consumption value chain
Mudra Yojana: PM Modi’s pet scheme disburses 93% of sanctioned loan amount in FY21 so far to MSEs
Credit and Finance for MSMEs: Lenders including banks, non-banking financial companies, microfinance institutions, others had disbursed Rs 3,29,684.63 crore and Rs 3,11,811.38 crore during FY20 and FY
Mastercard’s Porush Singh: Project Kirana to empower women-led shops, boost access to financial services
Ease of Doing Business for MSMEs: Singh said that the common thread that restrains progress for female business owners around the world is the perception of gender bias while their contribution in run
Student loan NBFC Eduvanz buys mentoring app Klarity; gets access to mentors from Amazon, Google, others
The gross bank credit growth deployed by banks towards education loans in India declined 3.8 per cent to Rs 51,898 crore as of September 25, 2020, from Rs 53,921 crore as on September 27, 2019, accord
Microsoft offers healthtech startups free Azure credits, unlimited tech support, more with new programme
Access to cloud computing for Azure Data and Artificial Intelligence services, Azure Internet-of-Things, Azure Healthcare Bot, Identify Management, and more would also be accessible to startups.
‘Poor leadership can cost 7% of a firm’s turnover, 4% lower revenue growth, lower customer satisfaction’
Micromanagement entails giving orders with dictatorial authority. This behaviour flies in the face of a flexible and agile work culture that is a prerequisite for enabling innovation as well as trust.
Fintech app True Balance raises $28 million in series D funding
A wholly-owned subsidiary of Korea-based Balancehero, the Seoul and Gurgaon headquartered fintech will deploy the funds to expand in India and strengthen its technological capabilities.
Our product design is made for MSMEs adopting technology for the first time: Tejas Goenka, MD, Tally Solutions
The current situation is difficult for everyone, cash flow has taken a hit, unsold stock lie in warehouses, labour is scarce and these are not problems that can be solved with just technology, says Te
Zomato makes its takeaway service free for all restaurant partners
“The overall foodservice industry is still far from full recovery. The sector will continue to need all the help to get back to pre-Covid levels,” Zomato said.
SaaS unicorn Druva acquires US-based Salesforce cloud backup firm sfApex to ramp up data protection
Druva said its cloud platform allows data protection from “other leading SaaS applications including Microsoft365, Google Workspace, and Slack within a single platform,” to offer compliance visibi
‘Amazon seeking to exercise control over Future Retail without owning a stake’
FDI is permitted under automatic route in FCL. The FDI laws allow FCL to hold the shares of FRL only as long as FCL is owned and controlled by Indian residents namely Biyani, the sources said.
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Top News
- Terrorism biggest challenge faced by region, says India; Asks SCO to enforce int legal statutes to eradicate safe havens
- Apple fined 10 million euros over "misleading" iPhone waterproofing claims
- This is about politics, not farmer rights
- Basin Trials of Indigenous Aircraft Carrier successfully conducted at CSL
- Covaxin trial in Kolkata from December 2, TMC minister Firhad Hakim may get first shot
- American Airlines conducts trials to transport COVID-19 vaccine
- FAU-G pre-registrations are now live, still no word on PUBG Mobile India
- Coronavirus: Health Ministry releases new Covid-19 guidelines for crowded marketplaces
- Govt waives penalty for non-compliance with QR code provisions for B2C transactions till March'21
- Protesting farmers say got MSP this kharif season; worry if they will get after 4-5 years
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