SME
Amazon India’s e-commerce unit loss widens to Rs 5,849.2 crore in FY20, revenue up 43%
As per the filing, Amazon Seller Services saw its total expenses rising over 25 per cent from Rs 13,463.1 crore in FY19 to Rs 16,877.1 crore in FY20.
Myntra Designs FY20 loss widens to Rs 744.4 crore
The Flipkart Group company had registered a consolidated loss of Rs 539.4 crore for the financial year ended March 2019, as per a Registrar of Companies filing shared by market intelligence firm Tofle
Amazon’s e-commerce marketplace FY20 revenue jumps 42% while losses go up marginally; expenses widen 25%
“The company continues to invest in, opening new fulfillment centers, and technology advancement…The company also continues to invest on launching new products and services for its customers and s
Flipkart rejigs board enroute to IPO; Kalyan Krishnamurthy, three others to join board
Steuart Walton, member of the billionaire Walton family from Walmart, Dirk Van den Berghe – the executive vice president, global sourcing and regional chief executive officer of Asia for Walmart, Ma
Snapdeal posts Rs 916 crore revenue in FY20; losses up Rs 88 crore amid Covid-led disruption in Q4
Snapdeal said that over 2 per cent of India (27 million buyers) bought from its marketplace in FY20 while over 85 per cent of its orders were shipped to customers based in cities beyond the top 10 met
Thanks to pandemic, more micro, small businesses turn to digital platforms to shore up sales
Technology for MSMEs: On the manufacturing side, MSEs in gems and jewellery, and textiles showed maximum improvement. Adoption of digital selling platforms among gems and jewellery units more than qua
RBI: Bank credit to MSEs up 6.8% in October even as deployment to manufacturing units climb out of red
Credit and Finance for MSMEs: While the overall year-on-year credit growth to MSEs showed continued growth, credit deployment to manufacturing MSEs was finally out of red in the current FY.
Outlook 2021: 5 key small business trends to help revive, regain momentum in the post-Covid year
Ease of Doing Business for MSME: The pandemic has forced many small business owners to run their businesses in a more lean and efficient manner, leading to a permanent shift in their operating landsca
Paytm’s net losses narrow by 28% in FY20, reports marginal rise in revenue from ops
The fintech major’s total expenses decreased to Rs 5,861.54 crore in FY20 compared with Rs 7,254.8 crore in FY19.
Paytm’s losses, expenses narrow even as revenue drops marginally for financial year before Covid
Paytm, which competes with Walmart's PhonePe, Google Pay, MobiKwik, and now WhatsApp Payments as well in the digital payments space, was able to cut its expenses 19 per cent in FY20 from the preceding
Digital lending fraud: RBI cautions small businesses, individuals against unauthorised loan apps
Credit and Finance for MSMEs: The digital lending value increased from $33 billion in FY15 to $150 billion in FY20 and is expected to hit the $350-billion mark by FY23. Among the leading players in th
Delayed payments: MSMEs see 74% jump in rejected applications involving this much amount since March
Credit and Finance for MSMEs: Applications for delayed payments filed by MSEs are examined by MSEFC of the respective state where the enterprise is based. After examining the case, MSEFC directs the b
E-commerce logistics: How delivering millions of orders daily will take more than just capital to scale
When we talk about the future of logistics, it is all pertains to the speed of responding to market changes and staying ahead of the demand curve by leveraging operational responsiveness.
Dailyhunt parent turns unicorn with over $100 million funding from Google, Microsoft
The firm claims Josh to have already reached a monthly active user base of over 77 million besides having nearly 36 million daily active users.
ESDP in 2020: Modi govt’s entrepreneurship development scheme sees nearly 400% jump in trainees
Skilling, Labour, and Talent for MSMEs: The scheme aimed to encourage youth including scheduled caste and scheduled tribe men and women, differently-abled, and below poverty line people apart from ex-
PM SVANidhi: Modi govt’s loan to street vendors up 700% in 3 months; SBI remains top lender
Credit and Finance for MSMEs: PM SVANdhi offers an interest subsidy at 7 per cent per annum as incentives to borrowers for making regular loan repayment while it also has a provision of up to Rs 100 p
AatmaNirbhar Bharat Abhiyan: BHEL extends support to indigenous suppliers to develop self-reliance in manufacturing
BHEL has been spearheading the Make in India movement with a special focus on contributing to the AatmaNirbhar Bharat Abhiyan, a BHEL statement said.
Micro entrepreneurship: How women in hinterland are turning catalyst to India’s entrepreneurship culture
Technology for MSMEs: Tech disruption in recent years and the digital push from the government have offered the necessary fillip for the germination of entrepreneurial culture in the country, thereby
Dailyhunt’s parent turns unicorn; raises funding from Google, Microsoft, others for short video app Josh
The investment will be routed to the company’s short video app Josh that competes with MX TakaTak, Roposo, Moj, Mitron, Trell, and Chingari and currently banned TikTok.
ADB grants $40-million loan to Northern Arc Capital to help small borrowers
The loan is being disbursed to NACL as part of ADB’s ongoing Covid-19 response. NACL will on-lend the loan proceeds and provide guarantees to financial institutions and individual borrowers.
Invoicemart discounts Rs 10,000-cr MSME invoices
A majority of industries and businesses are now inching towards pre-COVID-19 levels, MSMEs have also started charting their path for recovery, Invoicemart said in a release.
PayNearby: Taking commerce hyperlocal
PayNearby uses its tech platform to turn kirana stores into points of integrated commerce
Smart footwear for the new-age customer
Homegrown, youth-centric brand Solethreads leverages modern technology in footwear designing and has 30 design patents to its credit
Amazon India in 2020: 4,152 sellers crossed Rs 1 crore sales mark; number of crorepati sellers up 29%
Ease of Doing Business for MSMEs: “Technology adoption and digitization will continue to play a crucial role in offering expanded access and opportunities to SMBs, and we remain committed to invest
E-commerce fraud: Chinese hackers targeted e-shoppers during Flipkart’s festive season sale
The cyberattacks were named “Big Billion Days Spin the Lucky Wheel Scam'' and “Amazon Big Billion Day Sale” maliciously spread via WhatsApp. The attacks targeted users who were trying to win ‘
SIDBI’s state-wise MSME programme now partners with Assam to offer these benefits to small businesses
Ease of Doing Business for MSMEs: The partnership with Assam is part of SIDBI’s initiative to set-up such PMUs in 11 states including Gujarat, Odisha, Maharashtra, Tamil Nadu, New Delhi, Haryana, Ra
Amazon Small Business Day: 55,000 SMBs, artisans, weavers women entrepreneurs received orders
Held on December 12, the Small Business Day event has seen the "highest ever participation and biggest ever opening" for its Small and Medium Business (SMBs) sellers, a statement said.
Advertisement
Most Read
- Handset makers: Govt not keen to roll over PLI scheme milestones
- Equities continue rally, Sensex breaches 50,000-mark for the first time ever
- Fin-techs see spike in delinquent accounts after Covid-19 pandemic
- Farmers may accept proposal to defer farm laws but want 'legal' MSP
- Draft proposal: Mining letter of intent to be transferred to acquirer via insolvency route
- Adjusted gross revenue of telcos rises 3.58% to Rs 45,707 crore Q-o-Q
- PSB stocks may play catch-up if asset quality stays stable
- Demand for gold loan surging: Muthoot Finance
- Small finance banks’ low NPA ratio reflects better credit risk management: RBI
- Your Money: Urban Indians feeling less financially secure
Advertisement
Top News
- Handset makers: Govt not keen to roll over PLI scheme milestones
- Equities continue rally, Sensex breaches 50,000-mark for the first time ever
- Fin-techs see spike in delinquent accounts after Covid-19 pandemic
- Farmers may accept proposal to defer farm laws but want 'legal' MSP
- Draft proposal: Mining letter of intent to be transferred to acquirer via insolvency route
- Adjusted gross revenue of telcos rises 3.58% to Rs 45,707 crore Q-o-Q
- PSB stocks may play catch-up if asset quality stays stable
- Demand for gold loan surging: Muthoot Finance
- Small finance banks’ low NPA ratio reflects better credit risk management: RBI
- Your Money: Urban Indians feeling less financially secure
Advertisement
