New Delhi: India announced a significant revamp of the goods and services tax (GST) regime three months after it was rolled out, addressing key complaints, especially those of small-scale industry and exporters. The GST Council raised the composition scheme threshold to Rs 1 crore from Rs 7…
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SAP ‘Leonardo’ to help Indian SMEs join digital economy: President & MD
Mumbai: With the digital India initiative firmly in place, enterprise solutions provider SAP is ready to not only enable the integration of small and medium enterprises (SMEs) into the digital economy but also help big firms bolster their networks to derive competitive advantage, a top company ex…
Oracle eyes Indian artificial intelligence start-ups
American tech giant Oracle on October 5 announced the first batch of startups for its Startup Cloud Accelerator programme in New Delhi and Mumbai. The selected young ventures are using technologies such as artificial intelligence and Internet of Things to solve problems such as diagnosing di…
Global investors make a comeback, Indian start-ups back on radar of hedge funds
New Delhi: Global hedge funds and asset management companies, including several from Hong Kong, are making a cautious return to India’s resurgent startup ecosystem, some 18 months after they pulled back amid a churn in the domestic market. A number of Hong Kong-based fun…
Tata Capital & Capital Float join hands to fund small businesses
Tata Capital has entered into an agreement with Capital Float to provide Working Capital Loans to financially under-served Small & Medium Enterprises (SMEs) in India. Tata Capital will be co-lending on Capital Float’s digital lending platform and through this relationship, both the companies …
What different states are doing to help start-ups succeed across India
About a month ago in Lucknow, after flagging off the Union government’s Startup Yatrainitiative, Uttar Pradesh chief minister Yogi Adityanath announced a Rs 1,000-crore corpus to support emerging business through various schemes. “I believe if Uttar Pradesh takes an initiativ…
e-Commerce platforms make way for SMEs to trade goods
Planning to simplify hurdles encountered by small vendors to display products online, many e-commerce marketplaces are providing incentives to fill the gap by delivering products and eliminating intermediaries from the SMEs (small and medium enterprises) to users. The C2C (customer-to-customer) m…
Schemes like MUDRA are indictment of banking sector across India: J&K Fin Min Haseeb Drabu
Srinagar: Jammu and Kashmir Finance Minister Haseeb Drabu criticized banks and financial institutions across India for their laziness by not lending to small enterprises thus pushing a sector that produces 45 percent of the manufactured output, backwards and discouraging entre…
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
India’s manufacturing sector picking up the pieces after GST kicks in
Business conditions among manufacturers saw a modest improvement in September, supported by better output and new orders. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that manufacturing PMI remained unchanged at 51.2 in September. With that, PMI breached the 50-mark for t…