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 …
Tag: SME
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…
Huge scope for start-ups in Maritime sector | Investors
Sagar Defence Engineering, which had launched the first unmanned marine surface vehicle for the Indian Navy, is looking to develop the technology further so that it can be used in extreme applications. The company, a start-up, is eager to cater to the needs of the maritime sector with its unmanne…
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…
French beauty products maker L’Occitane leads $6-million funding round
French beauty products maker L’Occitane is leading a $6-million funding round in on-demand beauty services startup MyGlamm, which will be the largest round of funding in the sector. The funding, which also saw participation from existing investor Tano Capital and Brand Capital (part of the …
Financial listing startup BankBazaar to include mutual funds in its portfolio
Financial listing startup BankBazaar on April 6 announced the plan to expand its portfolio starting with mutual funds. The company will use its proprietary technology to provide its retail customers with customized profile-based suggestions on mutual fund schemes from select asset management comp…
Shivalik Bank looks at Rs 5,000 cr turnover by 2020
The Uttar Pradesh-based urban co-operative lender Shivalik Mercantile Co-operative Bank is eyeing a business turnover of Rs 5,000 crore by 2020, the chief of the bank said. “In the current fiscal, we are eyeing a business turnover of Rs 1,700 crore as against Rs 1,400 crore in the previous …
RBI taking steps to improve credit to MSMEs | Dy. Governor Mundra
The Reserve Bank of India is taking a number of steps to ensure timely credit availability as also improving cash flow to the Micro, Small and Medium Enterprises (MSMEs), which stand as the beacon of hope in an otherwise difficult economic environment. Addressing the Bankers’- Borrowers int…
Commerce Ministry wants priority sector status for export credit
The Commerce Ministry will seek priority sector status for export credit and focus on a revival of Special Economic Zones (SEZs), as it has identified six areas to prop up outbound shipments in goods, which contracted for a 15th straight month through February. Following the first meeting of a re…