CRISIL Research has assigned CRISIL SME fundamental grade ‘3/5’ (pronounced ‘SME three on five’) to K.P. Energy Ltd (KPEL). The grade indicates that the fundamentals of the company are ‘good’ relative to other SMEs in India. However, it is not an opinion on whether the issue price is appropriate …
Companies, Finance & Markets
IRDAI trade credit insurance norms to benefit SMEs
Seeking to give a fillip to the MSME sector, insurance regulator IRDAI has proposed changes in guidelines on trade credit insurance. In an exposure draft on ‘Amendment to Guidelines on Trade Credit Insurance’, the sectoral regulator said changes in the economy, especially in Micro, Sm…
Start-up India has Rs 930-crore legs to stand on
The government’s `Startup India, Stand Up India’ programme seems to be gaining some momentum, with the Small Industries Development Bank of India (Sidbi) clearing Rs 930 crore from the Rs 2,000-crore fund-of-funds it launched in August to support venture capital funds. Sidbi’s I…
NSE’s SME platform gains momentum
This has by far been the best year for the SME platform, started by the country’s two premier bourses about three years ago, to enable small and medium enterprises (SMEs) to list. The National Stock Exchange of India’s (NSE) moribund SME platform finally gained traction this year, wit…
Investors are now appointing their own entrepreneurs
The practice of entrepreneurs looking for investors is passé. Now investors are appointing their own entrepreneurs. Taking a cue from a rapidly growing trend in the Silicon Valley, a few Indian venture builders, such as Mumbai-based Sparknext and T-labs, are looking for people who have the qualit…
Getting crowd funding is after all a creative art
Internet users are the new producers for several filmmakers, theater artists and musicians in the country as crowd funding helps realize hundreds of creative art projects. Top Indian startups in this space –Wishberry, Catapooolt, Ketto and The Hot Start -have already realized about Rs 10 crore th…
‘Ok Sir’ eyes funding okay from institutional investors
Home services provider OK Sir is in talks with institutional investors to raise series A funding of about $20 million or Rs 134 crore, said two persons familiar with the development. The funds will be utilized for the daily needs and emergency services-based application’s expansion plan, sa…
Only 15% institutional funding for SMEs | Assocham & CRISIL Study
CRISIL in association with Associated Chambers of Commerce and Industry of India (Assocham), analysed 12,000 micro enterprises (rated between January 2010 and September 2015) to understand the scenario with regard to financial inclusion among micro enterprises – those with annual turnover o…
Digital lending platforms ease fund raising at SMEs
The Small and Medium Enterprises are the spine of economic development in any country and more so in India as we have a huge population to be served. They employ more than 106 million workers, according to government statistics, in a country that brings a million new workers into the workforce ev…
SEBI, BSE, NSE to hand-hold SMEs | Important Clusters under focus
Market regulator Securities and Exchange Board of India (SEBI) and the country’s leading stock exchange NSE have come forward to handhold SMEs in the region to raise funds for their expansion/diversification by getting listed. After the Government of India liberalized the norms for listing, allow…