Tag: SME

iiff_web_banner_18_04_2017

ITPO laces up to organise India International Footwear Fair 2017

India Trade Promotion Organization (ITPO) is all set to organise India International Footwear Fair (IIFF) 2017 from 4th to 6th August at Pragati Maidan in New Delhi. The fair aims to make the buyers experience the emergence of technology in the industry and introduce new opportunities to the Indi…

Don’t wait for last day to file returns, cautions GSTN Chairman

Will GST be a long-term pain for SMEs?

Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…

SME-IPO

SME IPOs raise whopping Rs 660 cr in first half itself of 2017

Small and medium enterprises (SMEs) have raised a staggering Rs 660 crore through initial public offerings (IPOs) in the first half of 2017, more than three-fold jump from the preceding year’s same period. The huge fund-raising can be attributed to reforms and initiatives taken by the government …

Insolvency-Bankruptcy

Simpler Insolvency & Bankruptcy Code likely to soon evolve for SMEs

The Government is keen to simplify the insolvency and bankruptcy code for partnership and proprietorship firms and evolve an efficient and low-cost code for SMEs, keeping in mind the job creation capacity of the sector. Given the increasing number of corporate loan defaulters, the Insolvency and …

SME-sector

Why innovation is the new SME growth stimulator

Innovation is the process of translating or making an idea into effective goods or services. The more unique the idea is, the better it can bring out to the consumers in terms of a product or a service. Small and medium enterprises (SMEs) need to implement policies that encourage innovation. Many…

Yes_Bank

SME lending to get a boost at Yes Bank with $150 m investment from OPIC

India’s fourth largest private sector bank – Yes Bank – has received another round of $150 million funding from US government and Wells Fargo to fund small and medium enterprises (SME) lending. Overseas Private Investment Corporation (OPIC) will provide $75 million in financing to Yes Bank and up…