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SBI aims at a minimum 12% SME loan growth

State Bank of India BSE – 0.55 %, the country’s largest lender, looks to grow loans to small and medium enterprises by at least 10-12% this year with gradual improvement of their order book position and cash flows while the corporate sector continues to be under stress.   Last fi…

GST rollout a hell of a challenge, says Infosys CEO Vishal Sikka

Describing GST rollout “a hell of a challenge”, Infosys CEO Vishal Sikka  acknowledged that there are pockets of weak preparedness, but there is still time to address them before the April 2017 deadline. “There are many pockets where there is weak preparedness at this moment. But we have time bet…

The case for venture debt in Indian start-ups

Venture debt is increasingly becoming a fairly common component of funding rounds in India. The thesis for venture debt in mature markets is largely centred on intellectual property-driven tech companies, mostly having patents, which can be easily monetized. But this is rarely the case in India. …

10 ways Brexit will affect small businesses in India

The Brexit debate has been plaguing the world for a while. Now, the debate is over and the result is in. In June, the UK finally voted to leave the EU. This decision may not sit well with Indian entrepreneurs and small business owners. But they will have to contend with it. They will have [&helli…

Startups shine among India’s Best IT&ITeS cos : Survey

The ‘Great Place To Work Institute’ released its second annual list of India’s Best Companies to work for in IT & ITeS segment. The list was based on an assessment of employee perceptions gauged using the engagement survey and an audit of company practices. Multi National Co…

Tata Metaliks to set up skill development centre in Bengal

Tata Metaliks Ltd, a subsidiary of Tata Steel , signed a memorandum of understanding with Paschim Banga Society for Skill Development (PBSSD) to set up a Skill Development Centre (SDC) in Midnapore district of West Bengal. As part of corporate social responsibility and affirmative action initiati…

Rs 10 cr disbursed to boost startups: Karnataka IT Minister

The Karnataka Startup Cell has witnessed nearly 1,400 registrations in the last two months and close to Rs eight to Rs ten crore has been disbursed under the “Innovate Karnataka” initiative to provide assistance to startups, state IT Minister Priyank Kharge said. “The actual tak…

Health care start-ups see low levels of funding: KPMG

The Indian health care sector is expected to be worth $280 billion by 2020 and has been growing at a compound annual growth rate of 16% since 2011. The health care workforce required in India is likely to double to 7.4 mn by 2022 from 3.6 mn in 2013. India received $288,634 mn aggregate foreign […

Comm Min for better exchange rate policy to boost exports

Worried over continuous slowdown in exports, the Commerce Ministry is pressing for better exchange rate policy, alignment of freight rates with global standards and a liberalised visa regime to boost shipments. As part of the strategy to boost both exports of goods and services in the long run, t…