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Godrej Capital launches NIRMAAN, a digital platform to help MSMEs grow their businesses to their potential Godrej Capital, the financial services arm of the Godrej Group, today announced its new digital platform, Nirmaan, to provide MSME owners an all-inclusive opportunity to grow their businesses. Carefully curated, Godrej Capital Nirmaan packs a range of partners that provide services critical to the growth of MSMEs.       The MSMEs in the country today face challenges like limited access to the market and the ability to expand beyond their regional reach, la...
Godrej Capital launches NIRMAAN, a digital platform to help MSMEs grow their businesses to their potential
Godrej Capital launches NIRMAAN, a digital platform to help MSMEs grow their businesses to their potential
Source: PR Agency
17/04/2023 5:47:36 PM
SME loan delinquencies to increase for Indian finance companies: Moody`s A combination of factors like the increased loan repayment instalments owing to the earlier repo rate hikes by the Reserve Bank of India (RBI), limited refinancing options for small and medium enterprise (SME), slowing down of property price growth has increased the risk of loan delinquencies for finance companies, said Moody's Investors Service in a report. According to Moody's, though the RBI has paused its rate hike cycle in April, the hikes effected over the past year have incr...
SME loan delinquencies to increase for Indian finance companies: Moody`s
SME loan delinquencies to increase for Indian finance companies: Moody`s
Source: IANS
17/04/2023 12:45:42 PM
We can build our own AI models to address issues facing the Indian education space: Flipick Founder As the online learning space goes through a definitive churning in a hybrid mode in the ChatGPT era, Flipick has doubled down on offering artificial intelligence (AI)-driven immersive learning experience to its customers. The company has industry-leading SaaS-based Learning Management System (LMS) for higher education and corporate training in the US, the UK and India. The LMS is a multi-tenant, enterprise-grade platform that provides adaptive learning and assessments, ensuring the best...
We can build our own AI models to address issues facing the Indian education space: Flipick Founder
We can build our own AI models to address issues facing the Indian education space: Flipick Founder
Source: IANS
14/04/2023 4:27:38 PM
Slovenia extends cap on electricity, gas prices The government of Slovenia has extended price caps on electricity and natural gas for citizens as well as small and medium-sized enterprises (SMEs) until the end of this year in a bid to ease the burden of the global energy crisis on the economy and the population. The price caps were introduced last year. They were to remain in force until June 30 this year for SMEs and August 31 for households, small businesses and other protected users, Xinhua news agency reported. For households, th...
Slovenia extends cap on electricity, gas prices
Slovenia extends cap on electricity, gas prices
Source: IANS
14/04/2023 12:36:04 PM
India`s tech SME sector revenue to reach $40 bn by FY30 The Indian tech small and medium-sized enterprise (SME) sector revenue is likely to grow in double digits to reach $40 billion by FY30, a Nasscom report said on Tuesday. With growing tech demand, the tech SME sector is expected to contribute 7-9 per cent to the overall FY23E tech industry revenue at $15-$20 billion, higher than the pre-pandemic share of the tech industry at 4-6 per cent. In terms of headcount, the Indian tech SME sector is estimated to close FY23 with 740,000 employees,...
India`s tech SME sector revenue to reach $40 bn by FY30
India`s tech SME sector revenue to reach $40 bn by FY30
Source: IANS
28/03/2023 4:45:52 PM
Prospect Commodities coming with an IPO to raise upto Rs 7.48 crore Prospect Commodities Prospect Commodities is coming out with an initial public offering (IPO) of 12,26,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 61 per equity share. The issue will open for subscription on March 8, 2023 and will close on March 10, 2023. The shares will be listed on SME Platform of BSE. The share is priced 6.10 times higher to its face value of Rs 10. Book running lead manager to the issue is Interact...
Prospect Commodities coming with an IPO to raise upto Rs 7.48 crore
Prospect Commodities coming with an IPO to raise upto Rs 7.48 crore
Source: Accord Fintech
8/03/2023 12:38:53 PM
Indian startups must tap $430 bn digital market in Southeast Asia The total digital economy of Southeast Asia (SEA), which stands at $210 billion, is expected to grow at 15 per cent compound annual growth rate (CAGR) to reach $430 billion and Indian startups looking to expand overseas should consider Southeast Asia, a report showed on Monday. The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services. "It's an idea...
Indian startups must tap $430 bn digital market in Southeast Asia
Indian startups must tap $430 bn digital market in Southeast Asia
Source: IANS
6/03/2023 11:46:16 AM
Number of startups in S.Korea drops 7.1% in 2022 The number of startups in South Korea fell more than 7 per cent in 2022 from a year earlier amid a sluggish property market, government data showed on Friday. A total of 1.317 million new companies were set up in the country last year, down 7.1 percent from a year earlier, according to the data from the Ministry of Small and Medium-sized Enterprises (SMEs) and Startups. The ministry attributed the decline largely to tougher rules for the home rental business, falling real estate transac...
Number of startups in S.Korea drops 7.1% in 2022
Number of startups in S.Korea drops 7.1% in 2022
Source: IANS
3/03/2023 5:22:59 PM
Moody`s maintains stable outlook on Indian banks Moody's Investors Service has said that the banking sector outlook remains stable and is supported by economic growth and improved financials. It said ‘while we expect the country's real GDP growth to moderate in the fiscal year ending March 2024 (fiscal 2024), India's underlying growth potential is fundamentally strong, which will support banks' credit growth and asset quality.’ However, it said loans to small and medium-size enterprises (SMEs) continue to pose...
Moody`s maintains stable outlook on Indian banks
Moody`s maintains stable outlook on Indian banks
Source: Accord Fintech
2/03/2023 12:18:11 PM
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi Prime Minister Narendra Modi on Sunday said that the comprehensive economic partnership agreement (CEPA) with UAE has given a boost to Indian entrepreneurs. Modi said in a tweet that it has also deepened India's ties with UAE. He was responding to a tweet by commerce minister Piyush Goyal, who had said on Saturday that February 18 marked one year of signing of India-UAE CEPA. Goyal along with UAE's minister of state for foreign trade Thani Al Zeyoudi had co-authored an articl...
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Source: IANS
19/02/2023 2:05:01 PM
SBI jumps on raising Rs 10,000 crore through infrastructure bond State Bank of India is currently trading at Rs. 611.60, up by 4.05 points or 0.67% from its previous closing of Rs. 607.55 on the BSE. The scrip opened at Rs. 605.05 and has touched a high and low of Rs. 612.45 and Rs. 605.05 respectively. So far 167575 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 622.90 on 07-Nov-2022 and a 52 week low of Rs. 425.00 on 08-Mar-2022. Last one week high and low of the scrip sto...
SBI jumps on raising Rs 10,000 crore through infrastructure bond
SBI jumps on raising Rs 10,000 crore through infrastructure bond
Source: Accord Fintech
5/12/2022 11:43:39 AM
Bank of Baroda jumps on cutting home loan rates by 25 basis points Bank of Baroda is currently trading at Rs. 163.70, up by 1.95 points or 1.21% from its previous closing of Rs. 161.75 on the BSE. The scrip opened at Rs. 161.65 and has touched a high and low of Rs. 164.25 and Rs. 159.90 respectively. So far 1083163 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.65 on 11-Nov-2022 and a 52 week low of Rs. 77.00 on 27-Dec-2021. Last one week high and low of the scrip stood at...
Bank of Baroda jumps on cutting home loan rates by 25 basis points
Bank of Baroda jumps on cutting home loan rates by 25 basis points
Source: Accord Fintech
14/11/2022 2:38:30 PM
SBI rises on inking pact with SIDBI, Union Bank of India, Bank of Maharashtra State Bank of India is currently trading at Rs. 568.85, up by 7.25 points or 1.29% from its previous closing of Rs. 561.60 on the BSE. The scrip opened at Rs. 561.00 and has touched a high and low of Rs. 569.90 and Rs. 559.40 respectively. So far 1689026 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 578.65 on 15-Sep-2022 and a 52 week low of Rs. 425.00 on 08-Mar-2022. Last one week high and low of the scrip st...
SBI rises on inking pact with SIDBI, Union Bank of India, Bank of Maharashtra
SBI rises on inking pact with SIDBI, Union Bank of India, Bank of Maharashtra
Source: Accord Fintech
19/09/2022 11:15:55 AM
Artificial Inteligence to eliminate hiring bias & find skilled workers for Indian firms A whopping 96.5 per cent of recruiters at Indian startups and small and medium enterprises (SMEs) in India believe that the use of AI is one of the best ways to improve the recruitment process and eliminate bias from the hiring process, a report showed on Tuesday. About 50 per cent of recruiters believe that AI will become a regular part of their hiring process in the coming years, said the report by chat-based direct hiring platform Hirect. While 52 per cent of the recruiters said buil...
Artificial Inteligence to eliminate hiring bias & find skilled workers for Indian firms
Artificial Inteligence to eliminate hiring bias & find skilled workers for Indian firms
Source: IANS
23/08/2022 2:05:19 PM
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal The corporate earnings growth during the first quarter of the current fiscal is largely led by the banking, financial services and insurance (BFSI) sector and also helped by credit cost moderation, Motilal Oswal Financial Services Ltd said in a report. Studying the results of corporates tracked by it, Motilal Oswal said that the BFSI sector has driven 124 per cent of the incremental year-on-year (YoY) earnings growth during the 1QFY23 which was largely subdued. Loan growth has spiked fu...
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal
Source: IANS
2/08/2022 5:23:11 PM
OPPO to invest $60 mn under 'Vihaan' initiative to boost smartphone industry in India  Smartphone brand OPPO India on Friday launched a new initiative -- Vihaan -- to empower small-to-medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) to amplify their operations and, in turn, strengthen the local supply chain for a robust smartphone eco-system in the country. Under this programme, the company said it will invest $60 million in the next 5 years. "The forward-looking, industry-friendly policies of the Indian Government have created an enabl...
OPPO to invest $60 mn under 'Vihaan' initiative to boost smartphone industry in India
OPPO to invest $60 mn under 'Vihaan' initiative to boost smartphone industry in India
Source: IANS
30/07/2022 12:31:26 PM
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr Logistics technology platform Shiprocket on Wednesday announced it has acquired a majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers for around $200 million (nearly Rs 1,560 crore). The cash, stock and earn-out deal will create a single gateway for other enablers and suppliers to service the digital retailer community and strengthen Shiprocket's position as the leading D2C enablement operating system, the company said in a stat...
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr
Source: IANS
15/06/2022 11:18:52 AM
ICICI Bank moves up on targeting to double loan book to SMEs in next two years ICICI Bank is currently trading at Rs. 753.90, up by 6.60 points or 0.88% from its previous closing of Rs. 747.30 on the BSE. The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 758.15 and Rs. 750.00 respectively. So far 119125 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 859.70 on 25-Oct-2021 and a 52 week low of Rs. 584.75 on 05-May-2021. Last one week high and low of the scrip stood at Rs....
ICICI Bank moves up on targeting to double loan book to SMEs in next two years
ICICI Bank moves up on targeting to double loan book to SMEs in next two years
Source: Accord Fintech
29/04/2022 10:13:11 AM
Telangana, Thailand to explore cooperation in trade, investment The governments of Telangana and Thailand have agreed to explore trade and investment in key sectors and for development of SMEs and startups through the business incubator and innovation ecosystem. The Department of Industries & Commerce, Government of Telangana and the Ministry of Commerce, Royal Thai Government have entered into a Memorandum of Understanding (MoU) in this regard. The agreement is to kick start the cooperation in SMEs and startups through the business incubator an...
Telangana, Thailand to explore cooperation in trade, investment
Telangana, Thailand to explore cooperation in trade, investment
Source: IANS
12/04/2022 1:58:09 PM
How Artificial Intelligence protected SME businesses from Covid-19 risks Artificial Intelligence (AI) enabled apps helped protect small and medium-sized businesses against many of the risks that emerged during the Covid-19 pandemic, according to a study, which noted that only a quarter of small firms currently use them. The research, by Anglia Ruskin University (ARU) and published in the journal Information Systems Frontiers, surveyed 317 small and medium sized firms based in London. The study found the use of AI-powered apps was associated with a 3.1 per ce...
How Artificial Intelligence protected SME businesses from Covid-19 risks
How Artificial Intelligence protected SME businesses from Covid-19 risks
Source: IANS
7/03/2022 8:47:47 PM
Karnataka welcomes Fintech companies to invest in state Seeking to amplify Karnataka's position in the emerging fintech industry, Large and Medium Industries Minister Murugesh R. Nirani on Friday welcomed fintech companies to invest in the state, promising to provide all possible assistance to them. Addressing the 52nd Indian Valuers Congress on the topic 'Transforming the Valuation Ecosystem' here, Nirani said fintech is a big emerging industry for Karnataka. "Building a strong financial industrial ecosystem across district...
Karnataka welcomes Fintech companies to invest in state
Karnataka welcomes Fintech companies to invest in state
Source: IANS
4/12/2021 9:36:36 AM
SMEs fear huge losses due to aluminium industry's coal crisis The Indian Industrial Value Chain Council (IIVCC), an organisation representing the interests of enterprises involved in the industrial production and consumption supply chain activities across the country, on Monday flagged that more than 5,000 SMEs who are part of the aluminium value chain are at the risk of suffering huge losses if the present coal crisis confronting the primary aluminium industry is not urgently addressed. There are about 1,000 SMEs who are part of the supply chain and...
SMEs fear huge losses due to aluminium industry's coal crisis
SMEs fear huge losses due to aluminium industry's coal crisis
Source: IANS
25/10/2021 3:50:35 PM
How Indian festivals are creating job opportunities for SMEs? India is a country rich in culture and heritage. It's full of festivities, varied landscapes and beautiful people. The Indian festivals have been an integral part of our lives from time immemorial when they were celebrated for various reasons, such as celebrating the harvest season or honouring one's ancestors. And now, with India becoming a growing market for SMEs (small-to-medium enterprises), these celebrations are giving them opportunities to create jobs and earn more revenue too....
How Indian festivals are creating job opportunities for SMEs?
How Indian festivals are creating job opportunities for SMEs?
Source: IANS
15/10/2021 11:23:41 AM
Government may offer pre-pack insolvency resolution plan even for large corporates To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the Insolvency and Bankruptcy Code (IBC) for large corporates, similar to the one introduced for SMEs. Official sources said that discussion on having a pre-packaged resolution framework for all categories of debtors is being discussed at the highest level and a decision may be taken once state owned bad bank -- National Asset Reconstruction Co. Ltd (NARCL) -- is oper...
Government may offer pre-pack insolvency resolution plan even for large corporates
Government may offer pre-pack insolvency resolution plan even for large corporates
Source: IANS
21/09/2021 2:11:45 PM
Fintech lending startup KreditBee raises Rs 60 cr from India SME  FinTech lending startup KreditBee on Thursday said it has raised Rs 60 crore (nearly $8 million) in equity and debt from India SME Investments, an investment arm of the Small Industries Development Bank of India (SIDBI). The Bengaluru-headquartered KreditBee in February concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment....
Fintech lending startup KreditBee raises Rs 60 cr from India SME
Fintech lending startup KreditBee raises Rs 60 cr from India SME
Source: IANS
3/06/2021 11:00:17 AM
SMEs plan to expand business as economy revives: Survey A majority of the small and medium enterprises (SME) in the country plan to expand their businesses going ahead as the economy revives, showed the SME Leasing & Business Sentiment Survey by 360 Realtors' commercial division. In a statement, 360 Realtors noted that business activities are reviving amid increasing confidence in the overall economic outlook of India with the growth trajectory of the country expected to be in the range of 8-10 per cent in FY 22. "Echoing this s...
SMEs plan to expand business as economy revives: Survey
SMEs plan to expand business as economy revives: Survey
Source: IANS
24/02/2021 9:43:39 AM