sme

Govt can increase insurance coverage, provide credit support to SMEs: Deloitte report

These disruptions are likely to pose challenges not only in the next two quarters, but could also linger for some more time before the economy revives, given the uncertainty on how long the pandemic would last, it added.

HDFC Bank SME book doubles to Rs 1.48 lakh cr in under 3 years

According to the RBI data, the system-wide SME loan book stood at Rs 15.7 lakh crore as of June 2019, up 10 per cent over the 12 months' period.

6 areas MSMEs should look at digitizing

AI-based systems to help more SMEs get access to credit: Nandan Nilekani

"We shouldn't get distracted by the current challenges. Obviously we have an issue with bank non-performing assets (NPAs), non-banking financial company NPAs, but out of this will emerge the next generation of credit which is going to be entirely tech and data-based," Nilekani said at an event here.

How SMBs can manage invoicing and payments efficiently

Amazon to invest $1 bn in digitising Indian SMBs: Jeff Bezos

The company will use its global footprint to export USD 10 billion worth of Make In India goods by 2025, Bezos said at the Amazon SMBhav summit which will focus on discussions around how technology adoption can enable small and medium businesses (SMBs) in India.

Struggling with GST filing? Here’s how you can streamline your tax filing

As per a World Bank document, there are still issues with matching of B2B invoices, uploading information on tax returns, etc.

Club Factory’s seller base crosses 20,000 in December 2019

The company clocked over 15,000 orders per day in the recently concluded Black Friday Sale in November

EasyBiz for the Ease of Doing Business

With multiple business management modules, it targets specific pain points of SMEs, easing out their day-to-day business with the use of technology, it helps them scale the skies.

Here’s why SMEs should go digital to grow their businesses

As per a Google-KPMG 2017 report, 68% of SMEs in India are offline and operate with traditional methods and legacy tools, Only 2% are digitally engaged.

India is the biggest market for Club Factory: Vincent Lou

The company is looking to make significant investments in warehousing, delivery, technology, and marketing to strengthen its presence further by scaling up operations

Moneycontrol launches Easybiz: A new tool for SME business owners

Moneycontrol’s primary objective is to help the SME Business owners adopt the digital initiatives of the government and become competitive through improved ease of doing business.

Travel and entertainment costs are the second largest controllable expense in a company: AmEx

Small and mid-sized companies are eager to manage their growing expenses, but often lack the buying power of larger companies in negotiating discounts with suppliers

SBI Ventures floats SME, affordable housing funds totaling Rs 750 crore

Both funds are targeting closure in the second half of next financial year (2019-20). SME Fund will be broad-based fund covering manufacturing and services sector.

WhatsApp, CII collaborate to train SMEs, entrepreneurs in India

WhatsApp and CII will work to enhance business communication for Indian SMEs through CII's SME Technology Facilitation Centre that was set up in November 2016, a statement said.

Simplified export permissions to encourage exports: Defence Ministry

Total production of defence public sector undertakings and Ordnance Factory Boards last year was about Rs 58,800 crore of which Rs 14,000 crore was imports.

Digital lending penetrates deep into SME sector, where banks dare not go

Despite their significance to the Indian economy, SMEs have been traditionally under-served by conventional financial institutions

Temples aren't going to create jobs for tomorrow: Pitroda

"When I hear all the debates in this country about temple, religion, God, caste, I worry about India. Temples are not going to create jobs for tomorrow. Only science will create the future," Pitroda said.

Sebi may announce tweaks to ICDR rules at Jun 21 board meet

The Securities and Exchange Board of India (SEBI) could amend the Issue of Capital and Disclosure Requirements (ICDR) after analysing public opinion during its board meeting scheduled for June 21.

MSME ministry plans digital trade desk for improved collaboration among SMEs

Addressing the valedictory function of International SME Convention here, MSME Secretary Arun Kumar Panda said: "The ministry has planned to set up a digital trade desk aimed at furthering more collaborations between SMEs of India and other countries and for exchange of data".

FIEO, PayPal ink MoU to empower Indian SMBs to sell globally

As part of the agreement, PayPal will work with FIEO to educate SMEs on how to leverage global opportunities, help them receive money in a safe and timely manner with PayPal products like invoicing as well as inform them of global best practices.

SME IPOs continue to catch investors' fancy; raise Rs 2,155 crore in FY18

Funds raised through IPOs were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents.

266 districts achieved target of 75 projects under PMEGP: Govt

In a written reply to the Rajya Sabha, Singh said that targets under PMEGP are set in terms of Margin Money allocation, and a target of minimum 75 projects per district has been allocated to all the districts in the country with average Margin Money of Rs 2 lakh per project (project cost Rs 8-10 lakh) in order to have equal distribution of targets and to achieve inclusive growth.

PSU banks must see reforms at institutional level; insolvency resolution must be quicker: HSBC commercial banking head

In an interview with Moneycontrol, Rajat Verma, MD and Head of commercial banking India, HSBC, said the share of PSBs in large corporate lending will reduce over next 5 years.

Budget 2018 Impact: Corporate tax relief for the SME sector

Companies with a turnover of less than Rs 250 crore in FY17 would be required to pay tax at 25 percent (and not at the erstwhile rate of 30 percent) in FY19.