The BSE SME index ended the week at 803.55 points up 27.14 points for the week ended 18 December, from the previous weekend. The strong surge was partly in line with expectations after the markets were relieved of a small hike in the U S Federal interest rates. The hike in U S interest rates [&h…
Companies, Finance & Markets
SMEs must tap capital market for funds | S V Muralidhar Rao, ED, SEBI
The SMEs should make use of the opportunities emerging in the capital markets to get funds for their needs and for greater visibility in the market, according to S.V Muralidhar Rao, Executive Director of SEBI. He was speaking at an awareness programme organised by the NSE in association with Andh…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…
Tiger Logistics India trade receivables rise
Trade receivables for BSE-SME listed Tiger Logistics India Ltd rises sharply, while its “cash and cash equivalents” falls, as seen in its recent periodic financial statements. Tiger Logistics provides logistics solutions to DRDO, Indian Air Force, United Nation and various othe…
Food chains like Rozario show up on Kolkata eating out menu
His revenue model thrives on two USPs- suspension and fusion. And riding on these two, he has grown from a single outlet restaurateur to chef-owner of three fine dining restaurants in Kolkata and is on his way to spread wings beyond Bengal. Pradip Joseph Rozario, who was adjudged the best Young C…
NSE, Andhra Pradesh Govt. to facilitate growth of SMEs
The National Stock Exchange (NSE) and the Andhra Pradesh government are collaborating to facilitate the growth of high potential small and medium enterprises (SMEs) in the state so that they are enabled to scale up their businesses to compete globally, said Executive Director of SEBI (Securities …
‘Incorrect’ CIBIL reports causing hardship to MSMEs
The MSME entrepreneurs, who are already reeling under the crisis of poor credit flow, high interest rates and third party ratings, now have a new reason to worry about. The Credit Information Bureau (India) Limited (CIBIL), which maintains the credit history of the borrowers for the financial ins…
Reliance Capital to increase exposure to SMEs | K V Srinivasan
Reliance Home Finance, the mortgage subsidiary of Reliance Capital, plans to increase its Assets Under Management (AUM) from Rs 6,500 crore to Rs 50,000 crore in five years, most of which will come from disbursing loans to self-employed customers. The company also plans to issue masala bonds, or …
Aditya Birla Finance to fund SMEs | Rakesh Singh, CEO, Aditya Birla Finance
Aditya Birla Finance, a non-banking finance company (NBFC), will foray into unsecured lending with personal loan and business loan segments from January. “We want to focus on personal loans and business loans to SMEs (small and medium sector enterprises). Granular business will be our focus. We w…
Rainmaker closes maiden venture capital fund
Rainmarker Ventures, founded by Sudhir Menon and Atul Hegde, on Friday announced the closure of its first venture capital (VC) early stage fund. “We want to fund companies before their first institutional round. All companies we invest in should have a mobile play,” said Hegde. The co-founder of…