The heart of India’s businesses lies with Small and Medium Enterprises (SMEs). Demonetization is a great reform for the long run but one that’s had a short-term blow for day-to-day functioning of small companies. One can argue whether these were operating in the right way or the wrong way, but th…
Tag: Small and Medium Enterprises (SMEs)
Coursera eyes corporate learning market to boost revenues
Online education platform Coursera, which offers massive open online courses, specialised courses and online degrees, is looking at the corporate learning and development market to boost revenue. “We will soon announce a tie-up with a top Indian IT company… to reskill their existing softwar…
Centrum bets big on housing, SME lending
Financial services group Centrum Capital is overhauling its business under its Executive Chairman Jaspal Bindra, Former Asia-Pacific Chief of Standard Chartered Bank. The new focus is on asset-led activities such as housing finance and loans to Small and Medium Enterprises (SMEs). At the same tim…
Govt in dilemma over curbs on cheaper imports: Nirmala Sitharaman
Union Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman, has said that the government is in a dilemma over the issue of imposing restrictions on cheaper imports, since a section of the Small and Medium Enterprises (SMEs) are achieving global competency by using …
SMEs’ IPO fund raising doubles to Rs 384 cr in April-Sept FY’17
Fund raising by Small and Medium Enterprises (SMEs) from initial public offerings more than doubled to Rs 384 crore in the April-September period of 2016-17 from the year-ago period. In comparison, 27 SMEs raised Rs 182 crore in the first half of the preceding financial year, 2015-16. “Indi…
Alibaba ramps up B2B commerce play in India to aid SMEs
Amid talk of Alibaba’s foray into the consumer-facing e-commerce space in India, the Jack Ma-led Chinese internet behemoth has gone ahead and struck a string of partnerships to prop up its existing business-to-business marketplace venture here in India. Alibaba is partnering with DHL and De…
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…
SMEs hit hard by the trade finance gap globally
A recent report by Asian Development Bank (ADB) Brief said that Small and Medium Enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing. Globally, 57% of trade finance requests by SMEs are rejected, against just 10% for multinational companies. High rejection rates…
SMEs raise Rs 185 cr through IPOs in FY’17
Riding on upbeat market sentiment, as many as 23 Small and Medium Enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal. In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). “Indi…
Many reforms coming, GST will get SMEs into value chain: Economic Affairs Secretary
Committing to “many more reforms”, a top Finance Ministry official said implementation of the Goods and Services Tax (GST) will bring Small and Medium Enterprises (SMEs) into the national value chain. “The government is aware that many more reforms need to be taken. After implem…