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  • Indifi raises $10m from Omidyar, existing investors Dec 13, 2016 03:12 PM IST

    Indifi raises $10m from Omidyar, existing investors

    Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology, it said in a statement today.

  • Job loss to widen if liquidity not restored soon: MSME Fed Chief Dec 08, 2016 01:36 PM IST

    Job loss to widen if liquidity not restored soon: MSME Fed Chief

    The impact of demonetisation has been far more on enterprises integrated with the rural supply chain or informal sector and not so much on large supply chain, says Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises.

  • Nalco to provide hand-holding support to MSME vendors Dec 06, 2016 08:42 PM IST

    Nalco to provide hand-holding support to MSME vendors

    Navratna PSU Nalco is ready to provide hand-holding support to its regular MSME vendors who ensure quality and timely delivery of products, the aluminium major's CMD T K Chand said.

  • Old note deposits slowing down in last 2-3 days: SBI Dec 02, 2016 10:19 AM IST

    Old note deposits slowing down in last 2-3 days: SBI

    The number of transactions and amount deposited in banks following demonetisation is on a downward trajectory, says Rajnish Kumar, MD of SBI. He believes the overall deposits could not have yet touched the highly-speculated Rs 11 lakh crore figure.

  • Jobs will be safe in MSME sector, govt assures workers Nov 27, 2016 02:48 PM IST

    Jobs will be safe in MSME sector, govt assures workers

    "There can be initial problems due to demonetisation, but after the currency flow regularises, it will help the sector," Union MSME Minister Kalraj Mishra told PTI in an interview.

  • 'MSMEs to play crucial role in making India a startup hub' Nov 15, 2016 07:18 PM IST

    'MSMEs to play crucial role in making India a startup hub'

    At the inauguration ceremony of the MSME Expo at the India International Trade Fair here, Mishra said that quality manufacturing and inclusive growth of MSMEs plays a key role in the development of the country.

  • SBI NPA problem contained but need to watch out for MSMEs: Pro Nov 11, 2016 01:00 PM IST

    SBI NPA problem contained but need to watch out for MSMEs: Pro

    Due to the recent ban on Rs 500 and Rs 1000 currency notes to curb counterfieting and crack down on black money, Agarwalla says MSMEs' business will be severly hurt and could lead to slippages.

  • SIDBI launches fund to promote innovation & entrepreneurship Oct 27, 2016 11:47 AM IST

    SIDBI launches fund to promote innovation & entrepreneurship

    A Scheme for Promotion of Innovation and Rural Entrepreneurship and agro industry(ASPIRE)” with an aggregate corpus of `200 crore for promoting innovation and rural entrepreneurship through rural livelihood business incubators, technology business incubators and fund of funds.

  • Seminar on GST may be held as a part of Vibrant Gujarat Summit Oct 25, 2016 07:40 AM IST

    Seminar on GST may be held as a part of Vibrant Gujarat Summit

    This was discussed at the meeting of the advisory committee of the 8th edition of the Summit, chaired by Chief Minister Vijay Rupani, a press release said.

  • Government looking into FDI policy sticking points Oct 24, 2016 02:42 PM IST

    Government looking into FDI policy sticking points

    "There are so many other issues on infrastructure, taxation... We are taking up all this. Some of them are being resolved." The government earlier this year approved changes in the FDI regime. The reforms included allowing 100 per cent inflow in civil aviation and food processing sectors while easing norms in defence and pharmaceuticals.

  • MSME Ministry to award MSMEs for their performance in the sector Oct 18, 2016 04:28 PM IST

    MSME Ministry to award MSMEs for their performance in the sector

    The Ministry of Micro, Small and Medium Enterprises will be acknowledging MSMEs (Micro, Small and Medium Enterprises) from all over the country with national awards for outstanding performance in the MSME sector

  • Expect 16-17% loan growth this year: Lakshmi Vilas Bank Oct 18, 2016 11:50 AM IST

    Expect 16-17% loan growth this year: Lakshmi Vilas Bank

    NS Venkatesh, ED of Lakshmi Vilas Bank expects to see robust demand on the retail and micro, small & medium enterprises (MSME) side of the business. "We have grown our advances year-on-year to the extent of 15 percent. Hopefully, this year we should close at around 16-17 percent growth", he said.

  • Modi to launch SC/ST hub in Ludhiana Oct 17, 2016 10:44 AM IST

    Modi to launch SC/ST hub in Ludhiana

    Prime Minister Narendra Modi will launch National SC/ST Hub during his visit to the industrial city on October 18, Union Minister Giriraj Singh said here.

  • KVIC to launch e-commerce portal soon Oct 17, 2016 09:26 AM IST

    KVIC to launch e-commerce portal soon

    Trying to encash on fast growing e-commerce sector and increasing demand for khadi products in the country, the KVIC has submitted a proposal to launch its online portal to the Ministry of Micro, Small and Medium Enterprises (MSME).

  • BRICS trade mins call for greater cooperation on e-commerce Oct 14, 2016 10:10 AM IST

    BRICS trade mins call for greater cooperation on e-commerce

    BRICS trade ministers today urged for greater cooperation on e-commerce among the member nations, besides calling for removal of non-tariff barriers to boost participation of emerging economies in the world trade.

  • Kalraj discusses access to finance for MSMEs with South Africa Oct 14, 2016 10:08 AM IST

    Kalraj discusses access to finance for MSMEs with South Africa

    Union Minister Kalraj Mishra today discussed issues regarding access to finance and other support mechanisms for micro, small and medium enterprises with South Africa's Minister for Small Business Development Lindiwe Zulu here.

  • PM Modi to launch national SC/ST hub on October 18 Oct 13, 2016 03:04 PM IST

    PM Modi to launch national SC/ST hub on October 18

    The Prime Minister will also launch zero defect, zero effect (on environment) (ZED) scheme, distribute charkhas to women and present national awards to outstanding micro, small and medium enterprises.

  • CII lists a host of steps to make procurement policy a success Oct 12, 2016 10:20 AM IST

    CII lists a host of steps to make procurement policy a success

    Concerned about a majority of state-owned firms not meeting the norm of 20 per cent procurement from micro and small enterprises, CII has called for a strong co-ordination mechanism between the ministry of MSME and other stakeholders.

  • India asks China to address trade imbalance Oct 12, 2016 10:20 AM IST

    India asks China to address trade imbalance

    India has asked China to address the burgeoning trade imbalance while making a strong pitch for Chinese investments in its micro, small and medium enterprises (MSME) sector, specially in fields like IT, digital, mobile components and automobile ancillaries.

  • 'Indian SMEs favour long-term ties with Chinese investors' Oct 12, 2016 10:18 AM IST

    'Indian SMEs favour long-term ties with Chinese investors'

    Indian small and medium enterprises are seeking a long-term partnership with Chinese entrepreneurs and investors in IT, mobile components and auto ancillaries, said MSME Minister Kalraj Mishra in Guangzhou.

  • Rs 1170 cr of standard loans may face stress: South Indian Bank Oct 07, 2016 03:19 PM IST

    Rs 1170 cr of standard loans may face stress: South Indian Bank

    In an interview to CNBC-TV18, VG Mathew, MD & CEO of South Indian Bank spoke about the results and his outlook for the company.

  • Govt ready to promote diversification in agri sector: Giriraj Oct 07, 2016 10:20 AM IST

    Govt ready to promote diversification in agri sector: Giriraj

    Union Minister of State for MSME Giriraj Singh today said the central government is committed to promote diversification in the agriculture and the food processing sector.

  • Assam needs 35 lakh jobs, Rs 2 lakh cr investment: Assocham Oct 06, 2016 07:44 AM IST

    Assam needs 35 lakh jobs, Rs 2 lakh cr investment: Assocham

    "The newly elected state government in Assam should aim to create 35 lakh new jobs during the course of next five years by revising its industrial and agriculture policies and bring out a separate policy for IT, small and medium enterprises (SMEs) to attract investors, both domestic and global," the report said.

  • Mynd Solutions to launch Online National Exchange for TReDS Oct 05, 2016 07:30 AM IST

    Mynd Solutions to launch Online National Exchange for TReDS

    In November last year, RBI gave in-principle approval to three entities, namely a joint venture between the National Stock Exchange's NSE Strategic Investment Corporation Limited (NSICL) and Small Industries Development Bank of India (SIDBI), private sector lender Axis Bank and Mynd Solutions, to start a new TReDS system.

  • Online sales extravaganza helps sellers rake in crores Oct 04, 2016 10:36 AM IST

    Online sales extravaganza helps sellers rake in crores

    Amazon is holding its festive sale between October 1-5, while Flipkart and Snapdeal are giving out offers to their customers from October 2-6. The companies said they continue to witness strong growth in traffic and sales on their platform across categories like fashion, electronics and household items.

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