News

India`s enterprise ICT market to reach $354 billion in 2028 The enterprise information and Communication Technology (ICT) market in India is set to increase at a sound compound annual growth rate (CAGR) of 17.1 per cent, increasing from $161.3 billion in 2023 to $354.6 billion in 2028, a report showed on Tuesday.  The revenue opportunity is driven by the ongoing digital transformation initiatives taken up by businesses and government, forecasts GlobalData, a leading data and analytics company. This is in line with the positive ICT investmen...
India`s enterprise ICT market to reach $354 billion in 2028
India`s enterprise ICT market to reach $354 billion in 2028
Source: IANS
2024-10-22 10:18:10 am
Spices Board all set to increase cardamom productivity, export of spices The Spices Board, under the Union Ministry of Commerce and Industry, is all set with a transformative scheme aimed at significantly enhancing the export of spices and value-added spice products as well as improving the productivity of cardamoms and upgrading the post-harvest quality of spices across India for export, a statement said on Wednesday.   Various programmes rolled out under the scheme 'Sustainability in Spice Sector through Progressive, Innovative and Collaborative Inte...
Spices Board all set to increase cardamom productivity, export of spices
Spices Board all set to increase cardamom productivity, export of spices
Source: IANS
2024-08-22 09:28:02 am
India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor India’s Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks, which is the largest number of deposit-taking institutions covered by deposit insurance in the world, second only to the US, RBI Deputy Governor Michael Debabrata Patra said on Tuesday.  Addressing the global conference here of the International Association of Deposit Insurers (IADI) Asia Pacific Regional Committee, ...
India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor
India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor
Source: IANS
2024-08-13 02:38:44 pm
Emerald Finance touches the roof on partnering with Cadchem Laboratories Emerald Finance is currently trading at upper limit of Rs. 69.35, up by 3.30 points or 5.00% from its previous closing of Rs. 66.05 on the BSE. The scrip opened at Rs. 69.35 and has touched a high and low of Rs. 69.35 and Rs. 69.35 respectively. So far 36318 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.35 on 25-Jul-2024 and a 52 week low of Rs. 18.05 on 04-Oct-2023. Last one week high and low of the scri...
Emerald Finance touches the roof on partnering with Cadchem Laboratories
Emerald Finance touches the roof on partnering with Cadchem Laboratories
Source: Accord Fintech
2024-07-25 10:52:27 am
MAS Financial Services gains on raising Rs 100 crore through NCDs MAS Financial Services is currently trading at Rs. 295.15, up by 2.00 points or 0.68% from its previous closing of Rs. 293.15 on the BSE. The scrip opened at Rs. 293.90 and has touched a high and low of Rs. 295.60 and Rs. 293.85 respectively. So far 1623 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 387.70 on 22-Feb-2024 and a 52 week low of Rs. 246.83 on 04-Aug-2023. Last one week high and low of the scrip s...
MAS Financial Services gains on raising Rs 100 crore through NCDs
MAS Financial Services gains on raising Rs 100 crore through NCDs
Source: Accord Fintech
2024-06-07 10:37:13 am
Aurionpro Solutions soars as its arm partners with Yoma Bank in Myanmar Aurionpro Solutions is currently trading at Rs. 2195.00, up by 85.25 points or 4.04% from its previous closing of Rs. 2109.75 on the BSE. The scrip opened at Rs. 2150.00 and has touched a high and low of Rs. 2214.05 and Rs. 2150.00 respectively. So far 135 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2799.65 on 24-Apr-2024 and a 52 week low of Rs. 819.00 on 08-Jun-2023. Last one week high and low of the scri...
Aurionpro Solutions soars as its arm partners with Yoma Bank in Myanmar
Aurionpro Solutions soars as its arm partners with Yoma Bank in Myanmar
Source: Accord Fintech
2024-06-06 11:21:11 am
Only 1 in 10 S Korean workers at SMEs got new job at large conglomerate in 2022 Around one out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday.  According to the data from Statistics Korea, the number of registered employees who were eligible for state insurance programmes came to 26.06 million in 2022, up 2.2 per cent from the previous year, Yonhap news agency reported. Of them, 16 per cent, or 4.16 million people, changed jobs in 2022, up 5 per cent ...
Only 1 in 10 S Korean workers at SMEs got new job at large conglomerate in 2022
Only 1 in 10 S Korean workers at SMEs got new job at large conglomerate in 2022
Source: IANS
2024-06-05 11:39:00 am
Sustainability-related information enables better business for SMEs, says new guide from ACCA A new guide from ACCA (the Association of Chartered Certified Accountants) recognises the vital role SMEs play in the value chains of all organisations globally. Entitled ‘Sustainability reporting – SME guide’, it supports them to create the sustainability-related information that regulators and stakeholders increasingly demand.   Sundeep Jakahar, head of public affairs – India at ACCA said: “In India, where SMEs constitute a significant portion of the...
Sustainability-related information enables better business for SMEs, says new guide from ACCA
Sustainability-related information enables better business for SMEs, says new guide from ACCA
Source: PR Agency
2024-05-30 02:44:18 pm
Tide enables bill payments for SMEs to streamline expenses  Tide1 in India, the business financial platform has launched a Bill Payments feature in partnership with Setu powered by Bharat BillPay, by National Payments Corporation of India (NPCI). The feature will provide a hassle-free, interoperable and accessible bill payments service to micro, small and medium enterprises (MSMEs) across India. To keep operating spends minimal, small business owners (typically employing 0-10 people) often end up using their personal account for personal an...
Tide enables bill payments for SMEs to streamline expenses
Tide enables bill payments for SMEs to streamline expenses
Source: PR Agency
2024-05-28 03:06:26 pm
Sattrix Information Security files DRHP for SME IPO, aims to raise Rs 20 cr IT and cyber security solution provider Sattrix Information Security (SIS) on Thursday said that it has successfully filed its Draft Red Herring Prospectus (DRHP) for small and medium enterprises (SME) Initial Public Offering (IPO) with the BSE (Bombay Stock Exchange) SME. The company said it is targeting a listing by mid-May and aims to raise approximately Rs 20 crore. "It is a significant milestone for us, and we believe it will provide us with the necessary resources and exposur...
Sattrix Information Security files DRHP for SME IPO, aims to raise Rs 20 cr
Sattrix Information Security files DRHP for SME IPO, aims to raise Rs 20 cr
Source: IANS
2024-05-03 09:37:49 am
Visionary political leadership, talented youth to help India reach $30 trillion GDP by 2047: SAP A stable and visionary political leadership, young talented population, vast AI and startup community and innovations across businesses will help India reach its $30 trillion GDP growth goal by 2047, Paul Marriott, President for Asia Pacific Japan (APJ) of cloud software major SAP said here on Monday. Emphasising the need to make India’s journey from “incredible to inevitable” to become ‘Viksit Bharat’ by 2047 as laid out by Prime Minister Narendra Modi, the t...
Visionary political leadership, talented youth to help India reach $30 trillion GDP by 2047: SAP
Visionary political leadership, talented youth to help India reach $30 trillion GDP by 2047: SAP
Source: IANS
2024-04-29 12:10:05 pm
Most sectoral indices in the green, small caps outperform Small cap stocks are outperforming the benchmark indices in trade on Monday. The small cap index is up 1.3 per cent while the Sensex is up by 0.5 per cent. The mid-cap index is also outperforming with gains of 0.9 per cent. The SME IPO index is doing even better with huge gains of 2.6 per cent. The BSE IPO index is up 1.6 per cent. Among the sectors, the consumer durables stocks index is up 2.1 per cent in a market where most of the sectoral indices are in the green. Industrial stock...
Most sectoral indices in the green, small caps outperform
Most sectoral indices in the green, small caps outperform
Source: IANS
2024-04-22 01:42:28 pm
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India Klub, Asia’s leading Revenue based Financing platform, today announced that it has partnered with U GRO Capital, a leading DataTech NBFC focused on MSME lending, to disburse INR 150 crores aimed at bridging the credit gap for Micro, Small, and Medium Enterprises (MSMEs) in India. This collaboration marks a significant step towards providing fast, founder-friendly, and flexible debt financing solutions to digital businesses nationwide.   Through this partnership, Klub and...
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India
Source: PR Agency
2024-04-17 02:47:33 pm
EU, India join hands to nurture startups in EV battery recycling field In a fillip to the country’s electric vehicle (EV) goals, the European Union (EU) and India on Tuesday joined hands to promote startups working in the area of battery recycling technologies for EVs. The collaboration aims to boost the cooperation between European and Indian Small and Medium-sized Enterprises (SMEs) and startups in the clean and green technologies sector. The latest initiative took place under the India-EU Trade and Technology Council (TTC) announced by Prime Minis...
EU, India join hands to nurture startups in EV battery recycling field
EU, India join hands to nurture startups in EV battery recycling field
Source: IANS
2024-04-10 09:18:26 am
Axis Bank rises as its arm partners with Enparadigm Axis Bank is currently trading at Rs. 1074.80, up by 16.60 points or 1.57% from its previous closing of Rs. 1058.20 on the BSE. The scrip opened at Rs. 1067.00 and has touched a high and low of Rs. 1075.95 and Rs. 1063.20 respectively. So far 259441 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1151.50 on 05-Dec-2023 and a 52 week low of Rs. 844.05 on 10-Apr-2023. Last one week high and low of the scrip stood ...
Axis Bank rises as its arm partners with Enparadigm
Axis Bank rises as its arm partners with Enparadigm
Source: Accord Fintech
2024-04-08 12:39:19 pm
CSB Bank surges on logging 18% growth in gross advances in Q4FY24 CSB Bank is currently trading at Rs. 379.05, up by 11.60 points or 3.16% from its previous closing of Rs. 367.45 on the BSE. The scrip opened at Rs. 380.40 and has touched a high and low of Rs. 385.00 and Rs. 375.75 respectively. So far 21202 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 421.95 on 01-Jan-2024 and a 52 week low of Rs. 250.00 on 03-Apr-2023. Last one week high and low of the scrip stood at Rs. ...
CSB Bank surges on logging 18% growth in gross advances in Q4FY24
CSB Bank surges on logging 18% growth in gross advances in Q4FY24
Source: Accord Fintech
2024-04-02 03:11:52 pm
Securitised pools continue to show stable performance across all asset classes in FY24: ICRA Rating agency ICRA in its latest report has said the ICRA-rated securitised pools have shown healthy performance, with collection efficiencies ranging from 92% to 107% across all asset classes in FY2024 so far, aided by a favourable operating environment, rigorous collection efforts, and adoption of digitised processes. Housing Loans (HL) and Loans Against Property (LAP) pools have showcased steady collections in FY2024 so far. This can be attributed to the critical nature of the underlying c...
Securitised pools continue to show stable performance across all asset classes in FY24: ICRA
Securitised pools continue to show stable performance across all asset classes in FY24: ICRA
Source: Accord Fintech
2024-03-20 02:35:01 pm
GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K GoodEnough Energy on Tuesday announced that it would make an investment of over Rs 450 crore for setting up a Battery Energy Storage System (BESS) gigafactory in Jammu & Kashmir. The gigafactory will ensure grid stability with an Initial capacity of 7GWh which will then be scaled up to 20 GWH capacity by 2026, the company said. GoodEnough Energy founder Akash Kaushik said the company aims to support India’s Net-Zero goal and various industries with high CO2 emissions including...
GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K
GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K
Source: IANS
2024-03-20 10:28:45 am
DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030  Digital Public Infrastructure (DPIs) like Unified Payments Interface (UPI) and Aadhaar are poised to propel India towards a $8 trillion economy by 2030, helping the country achieve a $1 trillion digital economy target, a Nasscom-led report said on Wednesday. With successful mass adoption and larger economic impact, DPIs are impacting approximately 1.3 billion citizens, covering 97 per cent of India's population. The matured DPIs enabled a value creation of $31.8 billion, equiv...
DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030
DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030
Source: IANS
2024-02-21 12:59:54 pm
Emerald Finance jumps on partnering with IG Techserv Emerald Finance is currently trading at Rs. 26.41, up by 0.50 points or 1.93% from its previous closing of Rs. 25.91 on the BSE. The scrip opened at Rs. 26.69 and has touched a high and low of Rs. 27.50 and Rs. 25.80 respectively. So far 46476 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.95 on 20-Jan-2023 and a 52 week low of Rs. 18.05 on 04-Oct-2023. Last one week high and low of the scrip stood at Rs. 2...
Emerald Finance jumps on partnering with IG Techserv
Emerald Finance jumps on partnering with IG Techserv
Source: Accord Fintech
2024-01-19 03:14:37 pm
MODIFI announces strategic expansion to bolster `Make in India` MODIFI, a global FinTech platform, on Thursday announced an ambitious expansion strategy to enhance its presence in the Indian market, which is aligned with the company's commitment to bolstering the country's SME trade sector. MODIFI is projecting a substantial increase in its Indian operations, targeting aggressive growth in its business within the country by 2024. This expansion builds on an already impressive 1,000x business growth since the company's launch in India in 201...
MODIFI announces strategic expansion to bolster `Make in India`
MODIFI announces strategic expansion to bolster `Make in India`
Source: IANS
2023-11-30 03:15:52 pm