May 26, 2016 12:01 PM IST
Samit Ghosh, MD and CEO of the firm, said that he expects normal growth in FY17 and a 30-35 percent growth in asset under management (AUM).
- May 26, 2016 09:04 AM IST
"While our MSME lending business grew by 96.45 percent at Rs 673 crore in the reporting year from Rs 342 crore in the year-ago period, housing finance business also grew to Rs 207 crore during the year from merely Rs 3 crore in the year-ago period," Ujjivan chief financial officer Sudha Suresh told PTI here.
- May 16, 2016 03:27 PM IST
In a welcome move, IIJS 2016 plans to introduce "Hall of Innovation" product gallery and a dedicated section for MSME sector in Hall no. 2 at Bombay Exhibition Centre.
- May 13, 2016 07:46 PM IST
Non-banking finance company Capital First on May 13 reported a profit after tax of Rs 47.50 crore in the March quarter, registering an increase of 30 percent over the corresponding period last year
- May 13, 2016 02:52 PM IST
Despite the government‘s clear instruction to follow the mandatory 20% procurement policy from the Micro, Small and Medium Enterprises (MSMEs), some of the big departments like Railways are allegedly flouting the norms ignoring repeated requests made by the small entrepreneurs to include them in the tenders
- May 11, 2016 08:16 AM IST
Poised for rapid growth and integration with major global value chains, MSEs will make considerable impact in realising Make in India vision. The sector has the potential to market its 'Made in India' brand globally," MSME Minister Mishra said while inaugurating the Cluster Development Programme here.
- May 10, 2016 11:02 AM IST
The microfinance lender, which listed on the exchanges on Tuesday, targets 30 percent growth in AUM over next couple of years by expanding into lending for micro small and medium enterprises sector and housing finance along with further diversification into the unbanked and under-banked regions of the country, says CFO Sudha Suresh.
- May 09, 2016 07:28 AM IST
Speaking at a daylong workshop on Prime Minister's Employment Generation Programme (PMEGP), the Minister for Micro, Small and Medium Enterprises (MSME) said banks should be customer-friendly by providing hassle-free services to entrepreneurs on priority basis.
- May 05, 2016 04:29 PM IST
Maharashtra is the leading industrial state in the country and the MSMEs in the state are highly innovative and enterprising. The MSMEs must take advantage of the Madrid Protocol and protect trademarks of their products and services in 97 member countries by filing a single application in the Indian patent office.
- May 05, 2016 01:36 PM IST
Autodesk Inc., a world leader in 3D design technology, announced that it will provide advanced design technology to - local MSMEs from the manufacturing sector as per an Memorandum of Understanding (MoU) with the Government of Maharashtra.
- Apr 30, 2016 01:16 PM IST
The MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors, development of suitable financial products for SME financing for MSMEs of other Saarc states, the Finance Ministry said in a statement.
- Apr 25, 2016 11:08 AM IST
According to the report, e-commerce B2C segment has grown significantly, leading to creation of many 'unicorns'. "However, focus of investors going forward seems to have shifted to profitable growth to achieve stabilisation of the economic model
- Apr 25, 2016 10:48 AM IST
IAF set up to boost the startup ecosystem in the country should be moderated on the lines of NIIF, which funds up to 49 per cent of the capital requirement, head of Bank of Maharashtra said
- Apr 13, 2016 01:14 PM IST
"India's vision for the Indian Ocean region is rooted in advancing cooperation and using our capabilities for the benefit of all members of IORA," Union MSME Minister Kalraj Mishra said here.
- Apr 13, 2016 12:14 PM IST
Launched last year by IIT and Stanford alumni Manish Kumar, Anurag Jain and Puneet Agarwal, KredX (previously known as Mandii), enables the growth of micro, small and medium enterprises (MSMEs) by unlocking cash tied up in customer invoices that would otherwise be paid in 30 to 90 days.
- Apr 07, 2016 04:19 PM IST
Madhya Pradesh will invest as much as Rs 2.25 lakh crore towards rural and urban development in the next 4-5 years, Chief Minister Shivraj Singh Chouhan said today. "We will invest Rs 1.5 lakh crore on rural development in the next four years and will provide housing for all under the mission.
- Apr 06, 2016 06:24 PM IST
Under the programme, the body will conduct workshops aimed at enhancing trust in the cyberspace by empowering MSMEs with knowledge and understanding to deal with cyber security challenges to stay safe and secure while operating online, DSCI Senior Director Vinayak Godse said.
- Apr 06, 2016 05:20 PM IST
The Commerce Ministry today saidit will focus on six areas, including reviving SEZs andaccording priority sector status to export credit, with a viewto giving a boost to overseas shipments, which have been on a
decline since December 2014.
- Mar 29, 2016 08:28 PM IST
This decision makes the current government a "U-Turn government" as it has earlier strongly opposed FDI in retail, it said.
- Mar 28, 2016 08:54 AM IST
The Rs 3,02,885 crore allocated towards the MSME sector can lead to a direct benefit of Rs 2,00,000 crore to the sector, according to domestic rating agency Smera Ratings.
- Mar 18, 2016 05:44 PM IST
The government has reiterated that all central public sector units have to take proactive measures to achieve the target of 20 per cent annual procurement from micro, small and medium enterprises
- Mar 18, 2016 05:40 PM IST
BUSY Infotech Private Limited, developer of BUSY - India`s leading Business Accounting Software for SMEs with over 6, 00,000 Users in over 20 countries, announced the launch of its new avatar BUSY 16
- Mar 18, 2016 11:53 AM IST
BP Sharma, ED of Bank of India says that MSME segment does need hand holding.
- Mar 17, 2016 08:10 PM IST
The Reserve Bank today revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committees to resolve stressed loans to micro, small and medium enterprises (MSMEs).
- Mar 15, 2016 08:32 PM IST
The MSME Ministry today emphasisedon the need for using information technology for good governance and employment generation in the sector.