Hoping to give a leg up to the Chinese investments in India, Small and Medium-sized Enterprises (SMEs) from China are planning to invest $1 billion across various states in sectors ranging from telecommunications to electrical equipment to appliance manufacturing and machinery as part of Presiden…
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Government classifies online sales to foreign buyers as exports
The government on April 12 said all sales by Indian sellers to foreign buyers through digital platforms would be classified as export. All domestic sellers who supply goods and services to foreign buyers would be classified as exporters. It will allow them to claim benefits under the Merchandise …
10 SME stocks rally up to 67% in a month; best BSE IPO stock gains 26%
The BSE SME IPO index may have convincingly under performed the BSE IPO index over the past one month, but as many as 10 SME stocks have rallied up to 67 per cent during this period, overshadowing up to 26 per cent rise in the shares of their larger peers. While data for all the […]
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Regional merchant bankers cash in on SME platforms
Small and medium enterprise (SME) platforms of both BSE and NSE have opened doors for regional merchant bankers. Cashing in on the trend of SMEs raising capital through such platforms, regional merchant bankers have joined the bandwagon by offering services similar to national level merchant bank…
Tata Capital ties up with Biz2Credit to lend to SMEs
Tata Capital, the financial services company of the Tata Group, has tied up with Biz2Credit, an online resource for small business finance, to lend to small- and mid-sized companies. According to a press release, Tata Capital will use the acquisition channels on Biz2Credit’s small business lendin…
Nashik district fifth in state in online MSME registrations
Pune has topped the charts in the state as far as online registrations of Micro, Small and Medium Enterprises (MSMEs) for Udyog Aadhaar is concerned. Pune bagged the first position with registrations of 6,090 such units during the past six months, while Nashik is on the fifth position with 3,458 …
Government to help small enterprises in defence sector compete globally
The initiative gets significance in the light of a recent report by the Quality council of India which speaks about poor state of the micro small and medium enterprises (MSME) sector. In order to make the Micro Small and Medium Enterprises (MSMEs) involved with the defence sector globally compete…
NE-ASEAN business summit focus on empowering MSMEs in North East India
The first-ever two-day North East-ASEAN (Association of Southeast Asian Nations) Business Summit was held at the newly-opened City Convention Centre in Imphal, Manipur. The Summit which was organised by Manipur Department of Commerce and Industries in association with ICC, an apex business organi…
SMEs: Voices in support of ‘Priority Investing’ getting louder
Merchant bankers have recently written to capital market regulator SEBI asking it to consider introducing “priority investing” norms for mutual funds, public sector banks and insurance companies keen on investing in small- and medium-sized companies. ‘Priority investing’ would be similar, essenti…
Uttar Pradesh establishes over 1.66 lakh MSMEs in 11th five year plan
During the 11th Five-Year Plan (2007-2012), Uttar Pradesh (UP) has managed to exceed its target by setting up over 1,800 additional Micro, Small and Medium Enterprises (MSMEs) and generating over two lakh additional jobs, noted a just-concluded study by apex industry body ASSOCHAM jointly with Th…