SME

Amazon Prime Day sale: Over 100 SME sellers to launch more than 2,400 new products this year

Ease of Doing Business for MSMEs: Amazon had earlier said it will be growing its network of fulfillment centres with the expansion of its existing nine centres and launching of 11 new centres ahe

Amazon, Tata say Indian govt e-commerce rules will hit businesses: Sources

SIDBI sees 3.6% jump in net profit for FY21 amid Covid; gross NPAs decline to 0.18%

Credit and finance for MSMEs: Net interest income for SIDBI increased to Rs 3,678 crore in FY21 from Rs 3,299 crore in FY20 even as non-interest income marginally decreased to Rs 944 crore from Rs 1,0

FedEx invests $100 million in IPO-bound Delhivery

FedEx will also transfer certain assets pertaining to its domestic business in India to Delhivery, the two firms said in a joint statement.

As part of the association, Don Colleran, president & CEO at FedEx Express, will be nominated to join Delhivery’s board of directors.

UP MSME Minister: Planning to set up a micro-industry cluster in every district

Ease of Doing Business for MSMEs: Describing the initiative, Nath said each cluster will have vertical factory sheds, a bank for raw materials, a training centre for labour, and an accommodation facil

UP MSME Minister, Uttar Pradesh, MSME, MSME Minister, SMB, ease of doing business, Sidharth Nath Singh, micro village, Prayagraj, Navneet Sehgal Additional Chief Secretary MSME, Navneet Sehgal MSME, Navneet Sehgal UP, Navneet Sehgal, one district one product, ODOP, emergency credit line, Covid, MSME stress, five trillion economy

Inshorts raises $60 million in funding led by Vy Capital

The firm’s total fund tally now stands at about $170 million. The company, which counts Tiger Global, SIG, A91 and Tanglin Venture Partners among its backers, runs the Inshorts news app that summari

‘Only when MSMEs understand what’s at risk, what to protect, they can identify right cybersecurity tools’

Technology for MSMEs: Awareness forms the crux of a robust cybersecurity framework for any establishment, irrespective of its size. The cybersecurity journey of any MSME should fundamentally start fro

"The vision of this strategy is to ensure safe, secure, resilient, vibrant, and trusted cyber space," Pant said.

Women MSEs’ share in govt procurement remains dismal despite YoY growth in value — here’s why

Ease of Doing Business for MSMEs: Overall, the share of MSEs in total annual government procurement had increased from 26.32 per cent in FY19 to 30.18 per cent in FY20 but contracted to 28.04 per cent

Fewer Indian women saw their employer as supportive of women than their global counterparts.

Amazon’s MSME, other sellers in India to have space equivalent to 125 football fields to store orders

Logistics for MSMEs: The expansion will increase storage capacity at the company’s fulfillment centres by 40 per cent while the total storage capacity will stand at 43 million cubic feet for its 8.5

RoSCTL scheme extension for textile exporters to help create millions of jobs, boost exports: Textile body

Ease of Doing Business for MSMEs: India’s textiles and apparel sector is the second-largest employer with direct employment creation of 45 million and another 60 million in allied industries. The co

recovery in textiles, pandemic-impacted April-June 2020 quarter, pandemic-impacted April-June 2020 quarter, discretionary spending , modest growth" in the fabric busines, ready made garments

Snapdeal, FLO ink pact to launch online program to digitise women-owned businesses

The year-long program will be open for all FICCI women members, artisans and NGOs associated with FICCI Flo Centres across its 17 regional centres in pan-India, a statement said.

snapdeal

Size matters: Smaller cities can be perfect for startups

Entrepreneurs are shifting to smaller cities to build their startups to stay close to their customers and conserve cash

Smriti Irani to meet traders on Friday for campaign to promote women engagement in e-commerce

Technology for MSMEs: “if the ‘Pados ki Baniye Ki Dukan’ in every street and corner of any city also does online business then foreign companies around the world will get a clear message that In

Smriti irani

Digital lending to small businesses see uptake post Covid disruption last year: MSME lenders

Credit and Finance for MSMEs: Internet penetration and growing adoption of affordable smartphone devices coupled with digital lenders plugging the information asymmetry gap have also pulled traditiona

personal loan, instant loan, instant loan providers, instant credit, loan apps, digital lending platform, Covid-19 pandemic, personal loan, personal loan interest rates, personal loan charges, personal loan eligibility, personal loan HDFC, personal loan SBI, loan offers, repayment capacity, credit score

B2B grocery marketplace for kiranas Jumbotail to see 2.5X growth in store count by FY22 end

Technology for MSMEs: The B2B e-commerce market in India currently has players including Amazon, Flipkart, Udaan, and others.

This drove an impact on their customers during the second series of lockdown and the company has also seen a 5x increase in demand for its solution since the first wave.

Mudra loans: PM Modi’s pet scheme disburses 87% of sanctioned amount to micro enterprises in Q1 FY22

Credit and Finance for MSMEs: The disbursement rate for the preceding financial year FY21, however, had dropped to 94.7 per cent from 97.6 per cent in FY20.

Temasek, IFC buy out Upgrad Espos worth Rs 220 crore

Singaporean investment giant Temasek Holdings and the World Bank arm IFC have infused an additional Rs 220 crore or USD 29.5 million into leading online education platform Upgrad focused on up-skillin

online education platform Upgrad

BASF Venture Capital invests in hydroponic cultivation startup UrbanKisaan

Commenting on the investment, BASF Venture Capital GmbH Managing Director Markus Solibieda said, UrbanKisaan, as a pioneer in the hydroponics space, has developed a unique growing method and combines

It sells the fresh produce, some of which is grown directly in the shops, in its franchise-owned brick-and-mortar stores and via an app and website.

Startup firm Aquaconnect raises $4 million funding

Aquaconnect's full-stack platform provides a 360-degree solution for aquaculture farmers. Aquaconnect Founder and CEO Raj said, "We will deploy the fresh capital to scale our farm advisory, financial

Zingbus funding

MobiKwik files draft papers for Rs 1,900 crore IPO

The Initial Public Offer (IPO) comprises fresh issuance of equity shares worth Rs 1,500 crore and an offer for sale of up to Rs 400 crore by promoters and existing shareholders, according to the Draft

MobiKwik

MSMEs’ reverse migration issue to be addressed by cluster mapping, cluster-based skill development: Study

Skill, Labour, Talent for MSMEs: The UK Sinha Committee on MSMEs had recommended a more focused engagement of SIDBI with state governments for which it had partnered with Grant Thornton Bharat as Proj

daily wage labourers

NRAI files more info with CCI on exorbitant commission, delayed payment, against IPO-bound Zomato, Swiggy

Ease of Doing Business for MSMEs: NRAI had approached CCI on July 1, 2021, as well, citing multiple areas of concern to a number of its partner restaurants in the country that had to shut shop “due

It was becoming nearly impossible to shell out a significant Rs 8 lakh in rental payments per month amid dwindling sales.

Covid-hit cash-starved MSMEs in metal packaging urges govt to defer BIS order till March 2022

Ease of Doing Business for MSMEs: The majority of MSMEs in metal container manufacturing are involved in making products using tinplate steel — a sheet of steel coated with a thin layer of tin that

The share of imports in domestic consumption fell to 5% in 2020-21 from 6.8% in 2019-20 and 7.9% in 2018-19. The share fell even further to 4.7% in the first three months of the current fiscal, data compiled by the steel ministry showed.

Entrepreneur First: Helping the country start up

Since January 2019, Entrepreneur First has invested in 34 tech start-ups

entrepreneur first

WareIQ: Making Indian e-commerce firms smart, nimble & efficient

WareIQ allows online brands in India to offer next-day delivery with its fulfillment network and technology platform

Amazon Small Business Days: Over 84,000 SME sellers received orders, 68% sellers from non-metros

Ease of Doing Business for MSMEs: 68 per cent of sellers were from non-metro cities while 7,500 sellers had received their highest single-day sale during the event.

Amazon said Rule 12, Schedule I of the SIAC Rules provides that orders/directions passed by an EA are not only binding but parties must undertake to “immediately and without delay” comply with such orders/directions.

E-commerce exploitation through e-retailers’ unethical practices forced lakhs of shops to close: CAIT

Ease of Doing Business for MSMEs: The government had last month proposed amendments to Consumer Protection (E-commerce) Rules that indicated stricter compliance for e-commerce companies such as Amazo

On Friday, the minister said, to further strengthen the regulatory framework for prevention of unfair trade practices in e-commerce, the government has sought suggestions on the proposed amendments to the Consumer Protection (e-Commerce) Rules, 2020.

RTP Global, founders of Cred, ShareChat, Snapdeal, others invest in online truck booking portal for SMEs

Technology for MSMEs: Vahak’s operating model is akin to China’s digital freight platform Full Truck Alliance that was reportedly valued at $24 billion in its debut on the New York Stock Exchange

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