The Confederation of Indian Industry (CII), Mysuru is launching a knowledge and finance forum on Friday to facilitate the growth of the micro, small and medium enterprises (MSMEs) in the district. In a press release issued, CII Chairman N Muthukumar said the main objective of launching the SME kn…
News
Specific stress on ‘Skill, Scale, Speed’ to power the growth of Handicrafts Sector
The handicrafts sector is one of the largest employment generators and accounts for a significant share in the country’s exports. The Indian handicrafts industry is fragmented, with more than 7 million regional artisans and more than 67,000 exporters/export houses promoting regional art and craft…
Kalraj Mishra takes to twitter to inform MSME Ministry’s key initiatives on #TransformingIndia
On completion of two years of NDA government in office, Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra interacted with public on May 26 from 4-5 pm via twitter #AskKalraj. MSME Secretary, KK Jalan was also the part of this interaction. This is part of #TransformingInd…
Ola redefines travel with a brand new luxury offering – ‘Ola Lux’
A superior luxury experience takes center stage with Ola introducing its newest category, ‘Ola Lux’ in Mumbai. Sensing the immense potential in the luxury segment for in-city travel, Ola, India’s most popular mobile app for transportation, has introduced luxury sedans like Jaguar, Mercedes, Audi,…
Snapchat raises $1.81 billion in new funding round
Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers. Snapchat did not disclose its valuation in the latest round of funding in its filing on Thursday. However, t…
Tata Teleservices eyes biz from SMEs in region
Tata Teleservices is eyeing business from small and medium enterprises (SMEs) in Nagpur and nearby areas. After laying a network of 1200 kms cable in Nagpur region, the company has launched enterprise-based solutions in city. The product is specially targeted at the SMEs. The company aims to add …
MSMEs reported strong hiring sentiments in the coming six months | MSME Hiring Sentiment Survey
The employers of micro, small and medium enterprises (MSMEs) across Telangana have reported strong hiring sentiments in the coming six months, according to MSME Hiring Sentiment Survey, conducted in April 2016 by TMI Group, a Hyderabad-based human resources services company. Explaining the purpos…
Agriculture Minister exhorts corporate sector to add value to maize produce
Radha Mohan Singh, Union Minister for Agriculture & Farmers’ Welfare, exhorted the corporate sector to step in and add value to the maize produce to enhance farm incomes and reap sustainable dividends for itself. Inaugurating the India Maize Summit, 2016, organized by the Federation of …
New rating guidelines will enhance credibility | CRISIL
Credit rating agency CRISIL, which pioneered ratings for MSMEs too in India, feels that the revised guidelines on the Performance and Credit Rating Scheme (PCRS) by the Union Ministry of Micro, Small and Medium Enterprises, will enhance the credibility of the ratings and increase its usage across…
Cabinet nod to capital goods policy to cut reliance on imported parts
The Cabinet has approved a first ever national capital goods policy that seeks to reduce reliance on imported equipment by incentivising domestic production and in the process creating crores of jobs The policy seeks to increase production of capital goods from Rs 2.3 lakh crore to 7.5 lakh cror…