India’s leading stock exchange, the National Stock Exchange of India Ltd. (NSE) on July 8 organized an ‘Investor Fair’ in Ranchi, to inculcate the equity cult among entrepreneurs, investors and students in the city. The NSE Investor Fair focused on three comprehensive themes, which highlighted be…
Yogi Adityanath urges SIDBI to set aside Rs 200 cr for start-ups in UP
The Yogi Adityanath government in Uttar Pradesh has urged the Small Industries Development Bank of India (SIDBI) to institute a start-up fund for promoting micro, small and medium enterprises (MSMEs) within the state. Sidbi Deputy Managing Director Ajay Kumar Kapur, said on July 7 that the propos…
Oracle to tap SMBs through its digital hub in Bengaluru
Software major Oracle looks to tap the small and medium businesses (SMBs) in India through its dedicated digital hub in Bengaluru. The US-based company said it would help a large chunk of the 51 million businesses in India in transitioning their operations to the cloud platform through its second…
AP Govt to set up MSME parks in every MLA constituency: N Amaranatha Reddy
Industries Minister N Amaranatha Reddy said that Andhra Pradesh government will set up Micro, Small and Medium Enterprises (MSME) parks in every Assembly constituency spread over 100 acres. The Minister inaugurated a three-day national-level industrial machinery exhibition at Silparamam here…
How SMEs can find balance between challenges and benefits through BI implementation
Getting to the bottom of business information (BI) can be a difficult exercise, especially for SMEs, as their data is buried in multiple layers and legacy systems. BI facilitates the manager to take the best decisions, at a right time. At the same time, BI solution is perceived to be expensive, t…
CIPAM launches IPR awareness scheme for MSMEs, start-ups & budding inventors
Taking forward the National Intellectual Property Rights (IPR) Policy 2016, a ‘Scheme for IPR Awareness – Creative India; Innovative India’ has been launched by Cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion. Th…
SIDBI reports 5% drop in net profit
The government backed financing institution’s total income however increased 10 per cent to Rs 6,346 crore from Rs 5,784 crore in March 2016, and provision for bad loans dropped to Rs 80 crore from Rs 225 crore a year earlier as gross NPAs decline to 1.20 per cent of the loan book from 1.51 per c…
What GST means for small businesses & start-ups
One of the underlying principles of the GST has been to reduce the layers of taxation and complexity for small businesses so that such entities can focus more on their core business rather than worry about compliance. One of the many benefits of goods and services tax (GST) is that it is aligned …
Data-driven lending to help micro & small enterprises: iSpirit
Data-driven lending by banks and non-banking financial institutions will help bring formal credit to more individuals and micro, small and medium enterprises, giving the sector an edge over moneylenders, according to research by think tank Indian Software Product Industry Round Table (iSpirt). “W…
Govt taxes Khadi for first time since independence, traders seek relief
Though Khadi yarn, Gandhi topi, India’s national flag will not attract any tax under the GST regime, other apparels and Khadi products will have 5% -18% GST.
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