With less than 50 days left to the rollout of goods and services tax (GST), businesses are on edge about their preparedness. The bigger ones have to worry about the GST-compliance of all their suppliers and distributors, as even one laggard in the chain can trip them up. Bengaluru-based garment m…
Tag: Maruti Suzuki
FM meets Japanese businessmen, pushes to step up investments for ‘Make in India’
Finance Minister Arun Jaitley on May 9 invited Japanese businessmen including Suzuki Motor Corp Chief Osamu Suzuki to participate in the “Make in India” initiative and step up investments in the country. Indian leaders have been actively engaged with their Japanese counterparts in the past few ye…
Move over, IT: IIoT is the next big thing for MSMEs
Historically, the manufacturing industry and Micro, Small, and Medium Enterprises (MSMEs) have played important roles in the economic development of major economies of the world and in job creation. The report “Growing the global economy through small to medium enterprise: The G20 SME confe…
Droom plans to invest around $10 mn in acquisitions
Online automobiles marketplace, Droom plans to invest around USD 5-10 million for at least three acquisitions during 2017 in order to strengthen the technology platform, according to a top executive of the company. “We may acquire 2-3 companies and have allocated between USD 5-10 million fo…
Demonetisation: Job losses mounting; MSME sector could take atleast 3 quarters to rebound
Demonetisation and its impact on India’s economy have been discussed in detail since 8 November, the day PM Modi made the shock announcement by invalidating over 80 percent of Indian currency. Based on their political affiliations, economists have differed widely on the impact of this step but mo…
Banks will have to understand how to fund SMEs in a sustained manner | Nirmala Sitharaman
In Conversation with Arun Tiwari, CMD, Union Bank of India, Nirmala Sitharaman, Commerce & Industry Minister and RC Bhargava, Chairman, Maruti Suzuki on NPAs, MSME sector and need for standardisation if India is to emerge as a global manufacturing hub. Edited excerpts: Q: NPAs and capital req…