KOCHI: More than 300 buyers from India and abroad will participate in the upcoming Kerala Business-to-Business Meet 2016, being organised by the Department of Industries and Commerce, Government of Kerala. Over 100 buyers have already registered for participation in the meet. A government releas…
TN floods badly hit the MSME Sector – By Sonal Garg, SMEpost.com
Tamil Nadu’s Micro, Small and Medium Enterprises (MSMEs), accounting for the largest number (15.07%) in the country, suffered major setback during unprecedented rains in Chennai and several parts of the state. The state has 6.89 lakh registered MSMEs. They produce over 8,000 products with investm…
Aurangabad industry bags SME business excellence award
Grind Master, a pioneer in metalfinishing technology in Aurangabad has bagged the SME Business Excellence Award in the Mid Corporate segment under Engineering & Machinery sector. The award was presented at on November 23, 2015 at New Delhi by Jayant Sinha, minister of state for finance, Gover…
Travelyaari may close Rs.50 crore deal this month
Bengaluru-based Mantis Technologies, which runs the online bus ticket booking services portal Travelyaari, is in advanced stages of closing a fresh round of funding. Travelyaari has struck a deal with a foreign Venture Capital fund along with its existing investor Bennett, Coleman and Company Ltd…
Start-up boom: coders rake it in
Twenty-seven-year-old Animesh Mishra works as Senior Consultant at Stowe Research India, a company that primarily makes claim processing software. He leads a team of six coders at present. This is a starkly different picture from last year, when he was coding alone. “The company has more work tod…
Motilal Oswal PE eyes Rs. 300 cr on exit from ‘Mrs Bector’s Foods
Motilal Oswal Private Equity is close to selling its 20 per cent stake in Mrs Bector’s Foods Specialties Ltd to Singapore-based private equity fund CX Partners. The deal is expected to be closed later this month for Rs. 300-350 crore. Mrs Bector’s Foods makes Cremica brand biscuits and condiments…
Non-Banking Finance Companies Ramp Up Their Reach To SMEs To Fill The Void
An increasing number of non-banking finance companies (NBFCs) are ramping up their reach to SMEs to tap the “high-quality borrowers”. Bank lending to this sector leaves a lot to be desired – it declined 3.3 per cent in April-September this fiscal. This is precisely what NBFCs such as Edelweiss, I…
India Africa Forum Summit 2015: Opportunity for Growth for both sides
In a bid strengthen economic cooperation with Africa, Indian government will support setting up of Small and Medium enterprises in African countries to promote job creation of employment and income generation for mutual benefit. During the India Africa Forum Summit from 26th-29th October 2015…
BSE SME to nudge more firms to list | Ajay Thakur, Head, BSE SME Exchange
In order to help SME entrepreneurs raise equity capital for growth and expansion in a cost effective manner, BSE SME Platform offers the unorganised small scale sector to blossom into full fledged companies at a later stage by migrating into main board of BSE. Kailash Rajwadkar spoke to Ajay Thak…
Performance of MSME Sector: Introduction of Tax Rebates
The government may explore the possibility of introduction of employment linked tax rebates to entrepreneurs to boost the MSMEs and Start-ups. This idea has been mooted by apex chamber FICCI in its pre-budget memorandum. The government is committed to promote Make in India initiative to take Indi…