Pitching for significant changes in norms governing venture capital (VCs) and private equity (PE) funds, a Securities and Exchange Board of India (SEBI) panel has recommended favorable tax regime and steps to bring long-term funds from domestic and foreign investors. Apart from calling for favora…
GoDaddy launches personal domains to enable small businesses build online brand
Domain provider, GoDaddy Inc, on Tuesday said it has launched Personal Domains, an easier way for small businesses and consumers to redirect their domain name to their social media profile, which in turn will help build and control their brand and identities online. According to a statement a per…
Coupons website Cashkaro.com raises funds from Ratan Tata
Continuing his investment spree in Indian start-ups, Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in Gurgaon-based cashback and coupons start-up CashKaro.com. This is his third investment in start-ups this month — having invested in Tracxn, a startup intelligence…
Govt invites proposal from MSMEs for technology & equipment acquisition support
Department of Industrial Policy & Promotion (DIPP) under the Ministry of Commerce & Industry has requested for proposals (RFP) under the recently announced Technology Acquisition & Development Fund (TADF), for financial support in acquisition of environment compliant technology and eq…
MSMEs in Goa to get lion’s share of credit from banks in 2016-17
Micro, Small and Medium Enterprises (MSMEs) in Goa, may get better funding from banks in 2016-17 with the NABARD estimating huge scope of lending to the sector. On 19th January NABARD announced the potential credit plan for banks for 2016-17 with MSMEs getting the lion’s share of credit for the y…
FICCI & TSMG Study on plastic industry throws interesting insight
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years. Myth regarding the polluting characteristic of plastic needs to be addressed in a scientific manner. A report prepared by FICCI and Tata Strategic Management Group (TSM…
MSME Employment generation grew at 73 per cent during 2009 – 15 | CRISIL Study
An analysis of about 5,500 Micro, Small and Medium Enterprises (MSMEs) which are engaged in manufacturing activity and which approached CRISIL for renewal rating between 2009 and 2015 shows that employment generated by these units grew at 73 per cent over these seven years. In 2009, the MSMEs pro…
NSIC inks MoU with South Indian bank for MSME credit
The National Small Industries Corporation (NSIC) has signed a MoU with South Indian Bank (SIB) on 11th January 2016 at the head office of South Indian Bank at Thrissur, Kerala. With this MoU, South Indian Bank becomes the 33rd bank to come under NSIC’s unique umbrella of tie up arrangements with …
Get rated to be banked | Varun Mirchandani, Executive Director, Onicra
“55% of registered MSMEs can tap into Rupees 5,50,00 crore fund post rating” More than half of India’s unbanked registered Small and Medium Enterprises can avail of first time credit should they get themselves rated, said Varun Mirchandani, Executive Director, Onicra Credit Rating, one of India’s…
Laghu Udyog Samachar Magazine released in 13th Meeting of NBMSME
The 13th Meeting of the National Board for Micro, Small and Medium Enterprises was held on January 18th under the Chairmanship of Shri Kalraj Mishra, Union Minister of MSME. Shri Giriraj Singh, MoS of Ministry of MSME was also present to address the gathering. The Start-up issue of Laghu Udyog Sa…