Ahmedabad: Union Minister for Micro, Small and Medium Enterprises (MSMEs), Kalraj Mishra, made a candid admission that payments to MSME workers after demonetisation remained a major problem for the sector. Mishra, however, said that the situation is “improving slowly”. He was speaking…
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This time it’s Modi in place of Gandhi weaving Khadi on KVIC’s calendar
Mumbai: In a bid to promote Khadi across India, Prime Minister Narendra Modi has modelled for the 2017 wall calendar and table diary published by the Khadi Village Industries Commission (KVIC), replacing Mahatma Gandhi. Most employees and officials were pleasantly surprised to see the cover phot…
Cashing-in on cashless economy: Deskera to launch e-wallet for SMEs in India
At a time when India has been dragged to digital transactions, Deskera, a cloud-based integrated software firm is bullish on a cashless economy and has lined up a series of business strategies to enable small and medium-sized businesses (SMBs) in India to go cashless in 2017. Shashank Dixit, CEO …
LoanFrame: Solving the financing problem for Indian SMEs
Loan Frame was launched in mid-2016 with the objective of redefining the experience of borrowing by SMEs in India. The Company is India’s first lending marketplace fully dedicated to SMEs. Loan Frame caters to the varied loan requirements of SMEs up to Rs. 50 crores. The company differentiates fr…
Gujarat inks MoU with Railways to make parts for bullet train
Gandhinagar : In a major boost to small and medium industries in the state, the Gujarat government has signed a memorandum of understanding with the Indian Railways for manufacturing parts of the bullet train (high speed train) with a value of Rs. 67,000 crore. “We are signing an MoU with t…
Commerce Ministry starts review of Foreign Trade Policy, says Nirmala Sitharaman
The commerce Ministry has started the review of the foreign trade policy by consulting all stakeholders to see whether any support is required for certain sectors to further boost exports. Commerce and Industry Minister Nirmala Sitharaman said the foreign trade policy (FTP) is in the process of a…
Two-thirds of small businesses hit by demonetisation: Survey
Mumbai: A survey conducted by State Bank of India (SBI) among small businesses has revealed that more than two-thirds of them have seen a drop in business. While 30% of respondents said that business has dropped by half, another 23% said that the drop has been between 40-50%. The main problem ide…
Eight Indian Start-ups graduate from CISCO Start-up Program
Global hardware networking giant Cisco said that eight Indian startups have graduated from its startups program – Cisco LaunchPad. These starups are AlgoEngines, VuNet, Teslon, Torchfi, Navstik Labs, HaltDos, Astrome and IQLECT. Over the four-month at Cisco’s Bengaluru campus, these startups comb…
Tata Capital to continue focus on housing, small sector loans
Mumbai: Tata Capital has said that housing finance and loans to small and medium enterprises will remain at the core of its business. The company, which launched the Prapti home loan scheme four months ago to target the low-income segment, said the vertical was showing promising growth. It is now…
Over 24k investment intentions inked in Vibrant Gujarat Summit
Over 24,000 Investment Intentions (IIs) have been signed so far during the ongoing ‘Vibrant Gujarat Global Summit’, including some big ticket agreements worth thousands of crores of rupees. Gujarat Deputy Chief Minister Nitin Patel today announced that 24,385 IIs were signed after mar…