FirstRand Bank has decided to shut its retail and SME lending business in India, according to a top management executive. The South African bank will, however, continue its operations in corporate lending and investment banking in the country. “Our decision is in line with our strategy to streaml…
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Industry hails Modi’s vision for MSME sector, Quality has to be maintained
Welcoming the vision of Prime Minister Narendra Modi, particularly the Zero Defect Zero Effect scheme which was highlighted by Modi at Punjab Agricultural University, the local industry maintains that for further growth in this competitive world, quality has to be maintained at any cost. At the s…
Small is beautiful: Some of the SME stocks you ignored have rallied up to 700% in 2016
A restaurant and hotel chain, a maker of decorative tubes and industrial pipes and a small and medium enterprise from (SME) in wind sector have emerged among the top five performers among the newly-listed stocks this calendar. These SME stocks on BSE managed to beat BSE debutants in the general c…
Start-ups are proving a good source for the Indian entertainment industry
Chennai: Do you want to be the next Deepika Padukone or Ranbir Kapoor? Well, your long-time ambition to act, sing on the silver screen has now got easier with startups, who are working to make auditions transparent and accessible, as opposed to the traditional way of getting in through well-place…
Odisha lines up sectoral policy launches before ‘Make in Odisha’ meet
The Odisha government has lined up policies launches prior to ‘Make in Odisha’ conclave to be held on December 1 and 2, aimed at attracting investments to the state. The sector specific policies to be launched are: Textiles and Apparel policy, Pharmaceuticals policy, Biotechnology pol…
Why ‘Make in India’ is so imperative to India’s Growth
Make in India is an initiative of the Government of India. It was launched by the Indian Prime Minister, Narendra Modi on 25 September 2014. Under the ‘Make in India’ initiative, the government has, since its inception, announced several steps to improve the business environment by ea…
Make in India push: Samsung to invest Rs 1,970 cr in Noida unit to double capacity
Samsung will invest Rs 1,970 crore over the next three years to double manufacturing capacity of its Noida facility, a move that will help the Korean company start exporting from India. The Uttar Pradesh government has approved Samsung’s investment under Super Mega A by the state’s Ca…
Canara Bank & State Bank of Patiala grab awards for excellence in MSME lending
State Bank of Patiala has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15 with a growth of Rs 2597 crore (annualized 23%) and Rs 994 crore (annualized 7.10%) respectively, covering the …
WB handicraft eyes for new lease of life
Kolkata: The state’s Micro, Small and Medium Enterprises (MSME) department is saddled with loss-making outlets, product designs that are stuck in time warp and employees who find no enthusiasm in showing products to potential customers. But this situation will soon change once the departmen…
Sitharaman launches CIPAM logo
The logo of the Cell for IPR Promotion and Management (CIPAM) was launched by the Commerce & Industry Minister Nirmala Sitharaman. On the occasion she said that this is an ambitious task as India’s intellectual property related activities need great traction. The logo has been designed keepin…