German Small and Medium Enterprises (SMEs) have pledged to invest over Rs 3,000 crore for the ‘Make in India’ initiative for setting up of new manufacturing plants and projects. The German SME’s (Mittelstand) have committed an investment of over Rs 3,000 crores for ‘Make I…
Tag: SMEs
MSwipe bets on SMEs for expansion
Mumbai-based mobile PoS player MSwipe, which competes with EzeTap and iKaaz among others, is betting on the varied lot of SMEs for expansion. Currently, the PoS player claims to work with banks like Axis Bank, Ratnakar Bank, Corporation Bank and others and caters to more than 75,000 merchants inc…
FICCI organises Industry interaction with Indian Army in association with NSIC
FICCI has organised Industry interaction with Lt. Gen. SubrataSaha, UYSM, YSM, VSM Deputy Chief of the Army Staff (P&S) in association with NSIC on 04.03.16 at Bangalore. NSIC Bangalore Office played vital role in inviting high end MSMEs for fruitful interaction and giving out of box ideas an…
RBI had constituted a working group on rehabilitation of sick SMEs
The Reserve Bank of India had constituted a Working Group on rehabilitation of sick SMEs, under the Chairmanship of Dr. K. C. Chakrabarty, the then Chairman & Managing Director, Punjab National Bank, to look into the problems faced by new as well as sick SMEs and suggest remedial measures. Th…
IndiaMART raises series-c funding to help Indian MSMEs
IndiaMART announced fund raises by Amadeus Capital with participation from Westbridge Capital, the Accion Frontier Inclusion Fund, managed by Quona Capital in addition to Intel Capital, the existing investor in the Company. India’s largest online marketplace will use the funds raised to further s…
Fintech startup Lendingkart ties-up with Mahindra’s SmartShift
Lendingkart, a fintech start-up that facilitates small and medium enterprises (SMEs) in obtaining working capital loans, entered into strategic partnership with Mahindra’s SmartShift, a digitally enabled aggregator for cargo owners and transporters. Harshvardhan Lunia, cofounder, Lendingkar…
21 SMEs file IPO papers in 2016, target Rs 180 crore
To tap the upbeat investor sentiments, as many as 21 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Sin…
CII Telangana & DRDL to hold a ‘Make in India’ meet
CII Telangana, in partnership with DRDL, are organising a two day conference on ‘Make in India: DRDL (DRDO) – CII Industry Meet on Opportunities and Challenges for SMEs in the Defence Sector at the DRDL campus, at DRDL Auditorium, Kanchanbag. The objective of the conference was to promote partner…
US Co. Payoneer India entry to benefit SMEs
US-based financial technology company Payoneer plans to enter India by the end of this month, offering its crossborder payment services to the country’s small and medium enterprises. The company has partnered with IndusInd Bank to launch the service after receiving central bank approval. It…
Vermillion sets Rs 100 Crore loan disbursal target
Vermillion Finalytics, which runs the online portal LoanXpress, has set itself a loan disbursal target of Rs 100 crore for the current fiscal. The Mumbai-based company has sanctioned a dozen loans amounting to Rs 32 crore since its launch in November 2015, its Founder Pratapsingh Nathani told. &#…