Lodha Developers Pvt. Ltd, the country’s largest real estate developer in terms of sales, has launched its maiden investment fund for start-ups focused on smart city solutions and the overall real estate sector, it said in a statement on January 4. With an initial investment corpus of Rs 50 crore…
Tag: Demonetisation
Sundar Pichai Live: Google CEO announces ‘MyBusiness’ tool to help SMEs set up own website
Google CEO Sundar Pichai is hosting a technology event today in New Delhi and the focus is mainly on SMEs in India. The event is also be attended by IT Minister Ravi Shankar Prasad along with many senior executives from Google. Pichai during the event said, “With the internet, even small business…
Demonetisation effect: Credit to small, micro units fall 7.7% in November
Chennai: Industrial credit slowed across sub-sectors in November, with loans to micro, small and medium enterprises reporting the biggest fall. Credit growth to the services sector slowed down on a month-on-month (m-o-m) basis but performed relatively better than industries. Credit to small &…
Retail start-ups see spike in orders, supply chain hit
Chennai: Startups, who had bet big on vegetable and fruit retail — like RainCan, DailyNinja and Ninjacart have seen an uptick in their orders even as management of their supply chain got tough with demonetisation. Online retailers said the length of the supply chain has been affected — from farme…
Core sector output growth slows to 4.9 % in November
New Delhi: The eight core industries recorded a year-on-year growth in output of 4.9 per cent in November 2016, slower than the previous two months – that is, a 6.6 per cent increase in October and 5.01 per cent in September. Output in electricity and coal posted healthy growth rates of 10.…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …
At crossroads: MSMEs feel the demonetisation squeeze
While much attention has been focused on the manner in which demonetisation has inconvenienced the general public, the sudden invalidation of 86% of Indian cash may create a short-to-medium-term impact that is brutal for small businesses. The importance of Micro, Small, and Medium Enterprises (MS…
25k plus MSMEs register under Vibrant Gujarat Global Summit
With the countdown to Gujarat’s biennial mega global business summit begun, the state government on January 1st claimed that all of its over 1,500 stalls have been booked. Minister for revenue and education, Bhupendra Chudasama, claimed that the Vibrant Gujarat Global Summit (VGGS) will be …
2017: A new agenda for start-ups will get India to the 10% growth rate mark
The last two years have seen a slew of initiatives and agendas announced by the government—starting with the National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swacch Bharat Abhiyan, Make in India, Start-u…
PM Modi’s New Year’s Eve address: Multiple sops announced for SMEs
Prime Minister Narendra Modi in his New Year’s eve address on December 31 announced sops for the SME and MSME sector. “To increase the employment that SMEs and MSMEs can provide, we are increasing the credit guarantee to Rs 2 crore from 1 crore,” PM Modi said. “Through a trust, the government wil…