Mumbai: Majestic Research Services and Solutions Ltd’s follow-on public offer (FPO) to raise up to Rs 10 crore was oversubscribed on Monday afternoon, the last day of the offer. The issue, which had opened on 28 November, was subscribed 1.16 times by 2:45pm, data from BSE showed. Majestic Researc…
Tag: SME
Tata Teleservices to double SME customers
New Delhi: Tata TeleservicesLtd (TTSL) is aiming to double the number of its local customers from the small and medium enterprise sector to 1 lakh, with the help of marketing and connectivity solutions. Tata Teleservices is also making significant investments towards its new Internet of Things (I…
Demonetisation will promote transparency in SME ecosystem | ASSOCHAM Regional Director Perminder Jeet Kaur
Demonetisation and GST are in currency. The impact of these two key economic policy decisions on business in general and small businesses in particular is a matter of debate. Leading industry chambers are seized of the opportunities and challenges that lay ahead in view of initiation of these two…
Demonetisation Effect | Big worry for small units in Gujarat
The Small and Medium Enterprises (SMEs) across industrial pockets in Gujarat are bracing themselves for the salary payment period beginning December 1. Barring a few industrial pockets, where the payments are made on weekly basis, this is going to be the first salary payout to the workers after t…
IDFC ties up with Capital Float to lend to SMEs online
IDFC Bank, which was set up last year, has tied up with Capital Float to extend loans to the small and medium enterprise (SME) businessmen online. Given the inadequate data on the creditworthiness of small businessmen and their numerous defaults, few banks lend to the SME sector now. With branche…
Demonetisation Effect | Why MSMEs don’t want to go cashless
Today, many MSME companies and workers are reluctant to receive payments through banks. It is important for the Government to consider the ground realities, understand the challenges and apprehensions of these employers and employees and address them appropriately. The only way the Government can…
Loan concentration in some states creating NPAs among SMEs: Cibil
Banks concentrating on a few states has led to rising loan defaults and non-payments in the micro and SME commercial sector, a report by TransUnion Cibil said. “Focusing on a few states deprive the lenders of an opportunity to exhibit calibrated loan growth. Currently, some banks tend to ha…
Currency Switch Impact | Demonetisation to help leapfrog into digital economy: Kiran Mazumdar-Shaw
Biotech Entrepreneur Kiran Mazumdar-Shaw has said the demonetisation of high-value currency notes is an opportunity to leapfrog into a digital cashless economy, even as she called for a effective monitoring to prevent accumulation of fresh black money. The CMD of Biocon Ltd, which was rated among…
Start-ups see decline in business after demonetisation: Survey
A high percentage of start-ups are experiencing a slow down in receivables and transaction flow as a result of demonetisation of high-value currency notes, a survey has revealed. “A higher percent of start-ups and small and medium-sized enterprises (SMEs) experienced a slowdown in funding and exp…
Currency Switch Impact | Entrepreneurs grin & bear the cash crunch
Almost one-third of start-up and SME entrepreneurs have seen a reduction in transactions, reduced fund-raising for expansion and a drop in account receivables after the demonetisation drive; but an overwhelming majority said the move will have a long-term positive impact. These findings are accor…