To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 287 crore in the first ten months of current fiscal. This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past fiscal…
Tag: SME
Ratings are good but not mandatory for majority of MSMEs | K K Jalan, MSME Secretary
SMEPost Exclusive “Evidence says procurement for SMEs is on course & will only get better” Barely about three months into the new job, K K Jalan, Secretary, MSME Ministry is pretty comfortable articulating his stance on all complex issues facing the sector. Buoyed by the potential of his univ…
FM Logistic acquires majority stake in Spear Logistics from Ambit Pragma
Ambit Pragma sold its majority stake in Pune-based Spear Logistics Private Limited, to FM Logistic, leading international logistics provider. Ambit Pragma, a Small Cap (SME) Growth and Buyout fund with approximately US$ 150 million under management, had invested in Spear in 2009. FM Logistic is i…
NASSCOM warehouse to come up at sunrise startup village
National Association of Software and Service Companies (Nasscom) will be allotted space at Sunrise Startup Village at Rushikonda here to set up a startup warehouse as part of an agreement signed with the State government. Nasscom will provide co-working space with comprehensive environment for in…
Nasik MSMEs seek five per cent cut in power tariff
Nashik-based Micro, Small and Medium Enterprises (MSMEs) want the state government to make it mandatory for its agencies to procure 20% of the goods or spare parts from them. They have also asked the government to reduce power tariff for industries by 5%. The industries have raised expectations a…
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
Minimum import price hurting exports and MSME units | S C Ralhan, President, FIEO
S C Ralhan, President, FIEO said that exporters are already working on low margins and facing cut-throat competition besides huge volatility in currency. The imposition of minimum import price resulting in increase in steel prices by 15% has further blunted the competitive edge of Indian engineer…
Rs. 3000 Cr allocation for MSME sector in Budget 2016; a clear indication of ‘Small is Big’
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. While they provide critical depth to both manufacturing and service sectors, they also foster entrepreneurship and of course generate substantial employment. A number o…
Paytm targets seller base of 5 lakh by FY17-end
Mobile payments firm Paytm said it will increase seller base on its online marketplace multi-fold to 500,000 by the end of next financial year. The company has 100,000 sellers on its marketplace that offers a host of buying options to consumers. “Our target is to increase our seller base fr…
Real-time school bus tracker AppAlert raises Rs 6 Crore in seed funding
Gurgaon-based maker of AppAlert, a mobile-based, real-time school bus tracking system has raised more than Rs 6 crore in a seed round from an angel investor to launch a cloud-based solution. The app allows real-time tracking of school buses which exceeds the GPS compliance requirement by the Cent…