IDFC Bank, which was set up last year, has tied up with Capital Float to extend loans to the small and medium enterprise (SME) businessmen online. Given the inadequate data on the creditworthiness of small businessmen and their numerous defaults, few banks lend to the SME sector now. With branche…
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Sebi registered alternate funds count touches 268 in four years
Markets regulator Sebi has allowed as many as 268 entities to set up AIFs — pooled-in investment vehicles for real estate, private equity and hedge funds — over a period of more than four years. These Alternative Investment Funds (AIFs) have been registered with Sebi since August 2012…
Demonetisation Effect | MSMEs hit hard, output plunges to 50% of capacity
With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of Rs 500 and Rs 1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. There ar…
BSE tightens norms for SMEs shifting to main board
Tightening norms for companies seeking to migrate from its SME platform to the main board, BSE said firms, directors and promoters who have been barred by markets regulator Sebi will not be eligible for the move. Accordingly, companies that are seeking migration from the small and medium enterpri…
Modi invites investment for big corporates and SMEs
In a directive to Indian ambassadors abroad, the Narendra Modi government has asked them to invite not just the big companies to invest and ‘Make in India’, but also try and streamline investments for even the smaller and the smallest of all. Indian ambassador to Italy Anil Wadhwa told that it w…
BMW AG plans to boost tech start-up investments
Munich: BMW AG plans to boost its investments in start-ups, as competition intensifies with new rivals including Tesla Motors Inc. over technologies that make cars smarter and more energy efficient. The luxury-vehicle maker will invest as much as €500 million ($533 million) through its iVentures …
Zero Defect, Zero Effect key for MSME success, say speakers at CII meet
MSMEs are not part of the mainstream when it comes to implementation of technology, and this hampers their ability to use the vast volumes of data generated in the manufacturing process for constant improvement, said Lakshmi Narayan M, Advisory Chairman, Harman International India. Addressing the…
Rs 2200 cr MSME Technology Centre coming up at Gr Noida to train 3000 trainees annually
Union MSME Minister Kalraj Mishra and Governor of Uttar Pradesh, Ram Naik on November 29, laid the foundation stone for MSME Technology Centre at Greater Noida. The center will focus on providing technological & skilled manpower support to Electronics Systems Design & Manufacturing (ESDM)…
SMEs to benefit in long term with digitisation: Federal Bank
RBI’s move to absorb excess liquidity by ordering the banks to temporarily place their cash deposits in the CRR window has led to a dip for Indian bonds and banking stocks on November 28. Going forward there will be good availability of liquidity and digitisation of the banking sector will …
Demonetisation Effect | Jewellery demand plunges 80%
Gold jewellery demand has fallen 80 per cent since demonetisation was announced on November 8 despite the on-going peak marriage season. The fall in demand comes even as gold prices in Mumbai dipped to Rs. 29,000 per 10 grams on Monday from Rs. 31,150 registered on November 10, the day after demo…