SME

Mid-sized engineering, procurement, construction firms to see 15% revenue growth this fiscal: Crisil

The aggregate revenue of 600 Crisil-rated companies in road construction, commercial and industrial buildings, irrigation, and allied activities was estimated to be Rs 70,000 crore for the last fiscal

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National Technology Day: How pandemic served as force multiplier for tech adoption among MSMEs

Technology for MSMEs: SMEs are likely to play a significant role in the government’s $5 trillion economy vision by 2025, provided technology adoption becomes their key focus ahead. In fact, SMEs are

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Cold-chain startup Celcius gets seed funding from Eaglewings Ventures, others

Cold-chain marketplace startup Celcius said on Tuesday it has received an undisclosed amount as seed funding for expanding presence, scaling up partner base and enhancing tech platform.

Funding

Flipkart to add 8 lakh sq ft warehousing space to strengthen grocery infrastructure

Walmart-owned Flipkart on Tuesday said it plans to expand its fulfilment centre capacity for grocery by more than 8 lakh sq ft over the next three months across Delhi, Kolkata and other cities.

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BharatPe raises Rs 50-crore debt from Northern Arc

BharatPe has been supporting credit requirements of its merchant partners and has emerged as one of the largest B2B fintech lenders in the country.

Bama Balakrishnan, COO, Northern Arc, said: “Northern Arc has worked towards extending credit to like-minded organisations such as BharatPe that enable financial access to small businesses and merchants across the country.

Exports: Govt under active consultation for early finalisation of RoDTEP guidelines, rates: Piyush Goyal

The RoDTEP scheme, which had replaced the Merchandise Exports from India Scheme (MEIS) on January 1, 2021, was created for reimbursement of taxes, duties, and levies at the central, state, and local l

The largest markets for India's agricultural products are the US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.

Now MSMEs, others can file grievances on this portal for alleged violation of public procurement order

The 2017 order was issued to promote goods manufactured in India and with a view to enhancing businesses’ income and employment. The order also intended to boost MSMEs and other businesses’ partic

BharatPe raises Rs 50 crore debt from Northern Arc

Financial technology firm BharatPe on Monday said that it has raised Rs 50 crore in debt from Northern Arc Capital. This is the sixth round of debt financing for BharatPe in the year 2021.

Bama Balakrishnan, COO, Northern Arc, said: “Northern Arc has worked towards extending credit to like-minded organisations such as BharatPe that enable financial access to small businesses and merchants across the country.

Micro, small jewellers, others get temporary relief on BIS mandatory hallmarking following HC directive

In November 2019, the government had announced mandatory hallmarking of gold jewellery and artefacts from January 15, 2021. This was later extended till June 1, 2021, as jewellers had sought time to s

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Vegolution: Upping the protein quotient

This nutrition startup has launched a protein-rich bean-based food ingredient that’s ideal for vegetarians

Siddharth Ramasubramanian, CEO & Founder of Vegolution

‘Structures backing micro firms to enable them to employ more, enhance contribution to economy imperative’

Often the process of formalisation seems too cumbersome and daunting especially among those entrepreneurs who are uneducated or poorly educated and live in rural or fringes of urban India. The micro e

MSME seller count jumps nearly 5X in 12 months amid Covid on Modi govt’s e-commerce marketplace

The jump in seller base has come amid the Covid pandemic last year for which a separate category of Covid-related goods and sellers was created on the GeM portal.

Number of SMEs going for restructuring 2.0 could be lower as Covid maybe contained over 3 months: Crisil

MSMEs with aggregate exposure of up to Rs 25 crore would be eligible for consideration under the Resolution Framework 2.0 provided they have not availed of restructuring under any of the earlier restr

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8 crore retail, wholesale traders incur Rs 6.25 lakh cr business loss due to Covid restrictions

Out of the total business loss of Rs 6.25 lakh crore, there was an estimated loss of about Rs 4.25 lakh crore to retail businesses whereas wholesale trade suffered a loss of around Rs 2 lakh crore, ac

textile industry

Will double headcount; lot of headroom for growing user base: Koo

The Twitter rival is also undertaking a slew of initiatives amid the deadly second wave of COVID-19 pandemic, to make it easier for people to find leads for hospital beds, oxygen cylinders and other r

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.

Flipkart announces measures to support sellers amid COVID-19

Flipkart has exempted the storage fees to curb the impact that any seller may have on their inventory that is fulfilled through Flipkart's fulfilment centres, the e-commerce major said in a statement.

Walmart-owned Flipkart

Amazon Seller Services gets fresh fund infusion of Rs 915 crore

The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani's JioMart.

Amazon India

SBI, EIB to invest up to Euro 100 mln in Indian SMEs focused on climate change, sustainability

The European Investment Bank and the country's largest lender SBI on Friday entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate cha

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.

Payments banks will not be nagetively impacted because of the Covid," Gupta said.

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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