SME
Interview | We want to double MSME loans under SIDBI’s 59-min scheme in 2021: Online PSB Loans’ Jinand Shah
Credit and Finance for MSMEs: "Around 60-65 per cent of sanctioned loan applications belong to MSMEs in the manufacturing and services sectors while trading vertical accounts for another 30-35 per cen
MSME jobs: Growth in small businesses’ intent to hire during Q1 FY22 drops amid Covid
Skill, Labour, Talent for MSMEs: The hiring intent among e-commerce and technology startups was high for the current quarter. From 41 per cent in Q4 FY21, the intent jumped to 51 per cent in Q1 FY22.
Stellaris, Omidyar Network, others back SME cashflow management startup Credflow
Credit and Finance for MSMEs: Stellaris Venture Partners had earlier backed startups including Vogo, Mamaearth, and Signzy while Omidyar had invested in enterprises such as Quikr, Dailyhunt, 1mg, Veda
Pine Labs acquires Fave in a $45-million deal
Merchant commerce platform Pine Labs has acquired Southeast Asian fintech platform Fave in a transaction valued at $45 million.
MSME exports: How fintech can catalyse cross-border transactions for small firms selling via e-commerce
Trade, import, and export for MSMEs: MSME exporters face the issue of a long payment cycle and often lose out because of currency fluctuation. These are small players who don’t have a financial cush
BIS certification: Govt offers 50% concession for micro enterprises, women entrepreneurs, startups
Ease of Doing Business for MSMEs: Existing BIS license holders including micro-enterprises and women entrepreneurs will be given an additional 10 per cent concession.
Delayed-payment cases by small businesses jump nearly 100% in 12 months; resolved cases double
Credit and Finance for MSMEs: The number of resolved delayed-payment cases has more than doubled from 3,145 involving Rs 598 crore to 6,643 involving Rs 1,075 crore.
Despite Gudi Padwa, jewelers hopes dim as showrooms remain shut amidst Maharashtra lockdown
Ease of Doing Business for MSMEs: With industry reports citing a stricter lockdown in the days to come, there is fear of a higher percentage of cancellations of made-to-order items that are now lying
Maharashtra: How MSMEs in India’s economic hub are left Covid-ravaged even as they stare at worst phase now
Ease of Doing Business for MSMEs: Maharashtra has been the biggest beneficiary of the Emergency Credit Line Guarantee Scheme (ECLGS) to offer loans to Covid-hit small businesses and other enterprises
WeWork India raises Rs 200 cr from investors to grow biz, become profitable in 2021
Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt to grow its business and become profitable this year.
‘2.1M women at the center of India’s direct selling market have become successful entrepreneurs’
Ease of Doing Business for MSMEs: The direct selling industry has contributed phenomenally towards self-employment generation in the country. From selling at home parties to selling via social media c
SME lending, procurement startup OfBusiness gets $110M from Falcon Edge, Matrix Partners, others
Credit and Finance for MSMEs: Over the last year, OfBusiness secured $200 million in debt from over 40 lending partners including IDFC First, Kotak, SBI, Bank of Baroda, Bank of India, Punjab National
Amazon India launches mentorship programme for startups to connect with investors, mentors, others
Amazon Launchpad currently showcases over 2 lakh products offered by more than 800 emerging brands across 30 different product categories.
ECLGS: Extension of MSME refinancing scheme might add to banks’ exposure to stressed accounts, says Fitch
Credit and Finance for MSMEs: Under ECLGS, banks and non-banking financial companies (NBFCs) had already sanctioned 82 per cent or Rs 2.46 lakh crore of Rs 3 lakh crore corpus as of February 28, 2021.
Covid restrictions: 30% business loss in one week due to fresh curbs, says traders’ body CAIT
Ease of Doing Business for MSMEs: Inter-state movement of goods by traders contracted by around 15-20 per cent while consumer footfall in retail markets also witnessed a nearly 50 per cent drop, accor
Speciale Invest raises Rs 120 cr as part of new fund for early-stage startups
Speciale Invest, a seed-stage venture capital firm investing in deep technologies, on Friday said it has raised Rs 120 crore as part of its Rs 140 crore-Speciale Invest Continuity Fund I.
Mohalla Tech turns unicorn, valued at $2.1 bn
Other investors, including Snap, Twitter and India Quotient, also backed the financial round.
NCLAT stays insolvency proceedings against OYO
“Today (Thursday) NCLAT has admitted our plea and ordered a stay for the formation of CoC in IBC proceedings against OHHPL, an OYO subsidiary. The claimant has already drawn the Rs 16 lakh which we
Gupshup becomes latest unicorn, raises $100 million
The current funding will be followed by a “second close with significant additional funds raised from more investors,” the company said in a statement. The firm plans to use the fresh funds to sca
‘RBI’s Fair Practices Code to help eradicate digital lenders acting as agents for non-registered NBFCs’
The guidelines and regulatory code of conduct will help create an environment reverberating with trust and transparency in the sphere of financial services via digital lending platforms.
All India Gem and Jewellery Domestic Council requests the Maharashtra CM to allow jewellers to operate in lockdown
Ease of Doing Business for MSMEs: The national body of the gems and jewellery industry GJC has written to the Chief Minister of Maharashtra Uddhav Thackeray to allow jewellers to operate on the festiv
Amazon India’s MSME sellers so far: 2.5M cumulatively digitised, $3B worth exports, 1M jobs created
Ease of Doing Business for MSMEs: Amazon had announced plans in January last year to invest $1 billion for digitizing 10 million Indian MSMEs over the following five years. Amazon has more than 7 lakh
Strong growth in new seller addition in India despite pandemic: Amazon
Speaking to PTI, Amazon Global Senior Vice President and Country Head India Amit Agarwal said more than 2.5 lakh new sellers have joined since last year, and that the rate at which sellers have come o
Relief for OYO subsidiary in ‘bankruptcy’ case as NCLAT stays insolvency proceeding
"OHHPL appealed the order in front of NCLAT and explained that a demand draft of INR 16L was issued to the claimant under protest and the claimant has willingly banked the DD," OYO said.
MSME lender U GRO Capital eyes Rs 20,000 crore AUM by 2025 to address small business credit gap
Credit and Finance for MSMEs: U GRO is looking to acquire a 1 per cent market share of the SME lending market by 2025 which translates to around Rs 20,000-crore asset under management.
ShareChat raises USD 502 mn from Snap, Twitter, others
ShareChat on Thursday said it has raised USD 502 million (about Rs 3,725 crore) in funding led by Lightspeed Venture Partners and Tiger Global, valuing the homegrown social media platform at over USD
Unpaid dues: Oyo moves NCLAT against insolvency order
The order for initiating the insolvency resolution process was passed by the Ahmedabad bench of NCLT on April 1, on an application filed by an operational creditor over non-payment of dues amounting t
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Top News
- WHO gives emergency approval to Sinopharm, first Chinese COVID-19 vaccine
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- Health Insurance: How to make claim request if an insured person dies in hospital
- Covid-19 surge in India heartbreaking; US determined to help the country: Kamala Harris
- Elon Musk sounds caution on cryptocurrency: ‘Don’t risk life savings, invest with caution’
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- WhatsApp scraps May 15 deadline for accepting privacy policy terms
- Mother's Day: How to buy health insurance specifically for young mothers?
- Dalal Street ends with gains for third day straight; is Nifty headed towards 15,000 now?
- Tata Steel share price hits new 52-week high yet again post Q4 results; stock surges 85% so far in 2021
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