Clipped from: https://www.financialexpress.com/opinion/tracking-the-economic-impact-of-the-second-wave/2233955/ Lockdowns have become more stringent, reducing mobility, but signals on non-mobility indicators are more mixed This suggests that the economy is currently tracking
Category: MSME-Startup
We want to double MSME loans under SIDBI’s 59-min scheme in 2021: Online PSB Loans’ Jinand Shah – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-interview-we-want-to-double-msme-loans-under-sidbis-59-min-scheme-in-2021-online-psb-loans-jinand-shah/2233283/ Credit and Finance for MSMEs: “Around 60-65 per cent of sanctioned loan applications belong to MSMEs in the manufacturing and services sectors while
Govt overachieves annual MSE procurement target for third straight year even as YoY growth rate falls – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-govt-overachieves-annual-mse-procurement-target-for-third-straight-year-even-as-yoy-growth-rate-falls/2233613/ Ease of Doing Business for MSMEs: The number of MSEs benefitting from annual procurement contracted to 1.48 lakh in FY21 from 1.57 lakh
Large sellers are the key for e-comm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/large-sellers-are-the-key-for-e-comm/article34328665.ece They source an array of goods from MSMEs. The notion that they hinder small sellers is misplaced The National E-Commerce Policy has been
Softbank Group to invest $450 million in Swiggy at $5.5 billion value | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/softbank-group-to-invest-450-million-in-swiggy-at-5-5-billion-value-121041600042_1.html Second funding for food delivery startup in as many weeks The financing from Masayoshi Son’s Vision Fund 2 awaits approval from Indian antitrust
Auto-debit bounces ease in March, but stay above pre-Covid levels – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/auto-debit-bounces-ease-in-march-but-stay-above-pre-covid-levels/2233863/ The share of unsuccessful auto-debit requests in volume terms eased from 36.65% in February. Bounce rates of anything above 25% remain a cause
The growth cost of intensifying lockdowns – The Financial Express
lipped from: https://www.financialexpress.com/opinion/the-growth-cost-of-intensifying-lockdowns/2234013/ The reported year-on-year GDP growth in the March quarter, and the quarter-on-quarter GDP growth in the June quarter, could dip into negative For
It is time for SMEs to tech up – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/it-is-time-for-smes-to-tech-up/2234017/ How technology will help revive small businesses impacted by the pandemic Let’s look at access to lending capital. By Porush Singh As the
And the bad news keeps rolling in – COVID-19: The Financial Express
Clipped from: https://www.financialexpress.com/opinion/covid-19-and-the-bad-news-keeps-rolling-in/2233995/ The second wave, not yet over, will crush MSMEs further and, with it, the hopes of FY22 being the big-recovery year Corporate profits
Personal hearing before NPA tag: RBI, lenders move SC – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/personal-hearing-before-npa-tag-rbi-lenders-move-sc/2233953/ A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting
Private credit is ‘solution capital’ – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/private-credit-is-solution-capital/2234010/ The main attractiveness of private credit, or direct lending to middle-market asset class, lies in its ability to be customised according to a
Wave II calls for stimulus part II–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/wave-ii-calls-for-stimulus-part-ii/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. If you put two and two together, no
ETtech Scoop: Swiggy set to raise $450 million from SoftBank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/swiggy-close-to-raising-450-million-from-softbank-vision-fund-at-5-billion-valuation/articleshow/82082536.cmsSynopsis The SoftBank deal is likely to peg Swiggy’s valuation at $5 billion—pre-money or pre-investment—and is an extension of the $800 million funding round
How Lijjat Papad wrote its success story with only Rs 80 for seed capital – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/how-lijjat-papad-wrote-its-success-story-with-only-rs-80-for-seed-capital/articleshow/82078424.cmsSynopsis Life at Lijjat’s 82 branches begins early, with women lining up before dawn to drop off finished products, pick up freshly prepared lentil
Piramal Enterprises Ltd.: Piramal aims to have 10-20 fintech partnerships in next one year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/piramal-aims-to-have-10-20-fintech-partnerships-in-next-one-year/articleshow/82087669.cmsSynopsis The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow
Let’s get local for local: The opportunity for MSMEs is huge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/lets-get-local-for-local/articleshow/82071369.cms Synopsis–For MSMEs, marketing has always been considered difficult and expensive. Today, the sector seems even more circumspect because of the second wave of
Amazon launches $250 million venture fund for SME digitisation, agritech, health tech – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/amazon-launches-250-million-venture-fund-for-sme-digitization-agritech-health-tech/articleshow/82083591.cmsSynopsis This announcement was made at the company’s Smbhav event. Amazon has announced a $250 million fund for India with the aim to focus on
Technology to play a key role in the success of MSMEs: Nitin Gadkari–economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/technology-to-play-a-key-role-in-the-success-of-msmes-nitin-gadkari/articleshow/82084275.cmsSynopsis Lauding the global tech giant’s decision to announce a $250 million venture fund for India for investments in technology, startups and small businesses,
ClearTax launches e-invoicing product to help SMEs–economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cleartax-launches-e-invoicing-product-to-help-smes/articleshow/82080617.cmsSynopsis The launch comes at a time when the government has adopted a firm approach towards regulatory compliance with zero tolerance for frauds and
The myth and magic of unicorns | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-myth-and-magic-of-unicorns-121041400005_1.html According to US-based analytics platform CB Insights’ database, out of a total of 642 unicorns around the world, India has 29 as of
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