Small And Medium Enterprises

While family businesses constitute about 75% of the Indian economy a whopping 90% of them are MSMEs. The new book 'Beyond Three Generations: The Definitive Guide to Building Enduring Indian Family Businesses' profiles a dozen such enterprises, their business dimensions and what such firms should not do.

SMEs should embrace shadowing to train, and to learn

Shadowing can be a rewarding experience for both, the person shadowing the leader, and the leader. Also, it is a relatively less expensive proposition for SMEs.

Learning must be self-driven for SME leaders

In a good SME, people do not wait for a Job Description to get to work and get things done. They jump into the work and get it done, either by doing it themselves or by taking help.

Tiger Global-backed Open axes 47 jobs, founders take 50% pay cut

As a part of scale-up and profitability, Open said in the statement that it will continue the efforts to make a highly performance-oriented effective organization fit for scale, the statement said.

SMEs must make use of newsletters as a marketing tool

For newsletter marketing to succeed, you must plan content for six months, and publish your newsletter at least every fortnight.

Large firms must take responsibility to handhold MSMEs, help them integrate into supply chain ecosystem: Goyal

Citing an example, Goyal said, as Apple's manufacturing plant comes up, thousands of MSME units flourish in the ecosystem as mini value chain suppliers to Apple.

Five simple social media tips to promote your SME business

If you can engage with your followers and make use of their content for your brand’s social media posts, it will be good from a relationship-building standpoint. But remember to reward them for quality content.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Budget 2023 | Most MSMEs doing well but financing still an issue, says FISME secretary general

Reforms, instead of a fiscal push, will help keep financing costs low, helping micro, small and medium enterprises expand, says Anil Bhardwaj.

MSME associations welcome move to study Covid impact, sick/closed units

The government has called for bids to study sick and closed small business units to get more data, which can be used to frame policies and schemes for the sector that was badly hit by the pandemic.

Govt ends MSME tech upgradation subsidy scheme, industry wants it back

Industry bodies say the scheme is vital for MSMEs to upgrade technology and become competitive, which they say is necessary if the government wants its make-in India initiative to succeed.

Over 70% small, medium businesses in India bat for digital shift to weather COVID-19 impact

Small and medium businesses, in India and across the world, have taken a severe hit due to the coronavirus pandemic-led economic disruption, with many even facing shutdown due to the drastic drop in their revenues amid the lockdowns

NABARD projects Rs 1.72 lakh crore credit potential for Rajasthan

This is 14 percent higher than the credit projection made for the year 2016-17 by the National Bank for Agriculture and Rural Development (NABARD).

MSMEs need equity, would love to lend more to them: SBI

While the banking sector is reeling from stress in the corporate loan book, the government and banks are pushing to fund the neglected MSME segment to boost growth through MUDRA loans.

BSE eyes 200 listings on SME platform by June

Leading stock exchange BSE expects to have 200 companies listed by June on its SME platform, an exclusive platform it has launched for raising of funds by small and medium enterprises.

India to soon have a national MSME policy: Mishra

The country will soon have a comprehensive policy for micro, small and medium enterprises, Union Minister Kalraj Mishra said today.

Indian SMEs confident of growth, more hiring in future: Study

Amongst the businesses surveyed, 48 percent of the small and medium enterprises (SMEs) are positive about the current state, while 62 percent are positive about the future.

NSE nudges SMEs to go in for listing

Encouraging small and medium enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility.

Govt to launch exclusive scheme for women entrepreneurs

The Centre would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said today.

Govt clears creation of Indian Enterprise Development Services

Government today approved the creation of the Indian Enterprise Development Services (IEDS) in the Office of Development Commissioner, Ministry of Micro, Small and Medium Enterprises.

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'

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.

Ceramic industry demands easing of boric acid import norms

All India Ceramic Glaze and Glass Frit (Mixture) Manufacturers Association said several sectors need boric acid for their end products or production process but because of the restrictions these industries are negatively impacted.

SME Exchange: Journey so far of India's most promising SMEs

SME Exchange is a special series that focuses on some of India's most promising small and medium enterprises and brings you their inspiring success stories. This episode showcases three diverse companies from the sectors of telecom, pharmaceuticals and construction and home decor. Find out more about these three entrepreneurs and their journeys.

Six SME IPOs to hit mkts this week to mop up Rs 65 crore

The six firms coming up with IPOs are Jet Knitwears, Nandini Creation, Sakar Healthcare, Valiant Organics, Gretex Industries and Diksat Transworld.