Sme

India Accelerator announces Dubai foray, will invest $20 mn in start-ups

Incubator will provide start-up founders with four-month training in business growth

Indian tech SME revenue to reach $40 billion by FY30, says Nasscom

Digital tech SMEs - which offer cloud services, advanced analytics, and AI solutions - will account for 35-40 per cent of overall tech SME revenue by FY30

Non-Covid services may boost hospital SMEs in FY23: CRISIL SME Tracker

Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit from the improvement

Fifth year of zero SME rights issues likely after Rs 100 cr mop up in 2014

Year 2017 first with nil funds raised; experts say easier routes of raising capital such as QIP driving down popularity of rights

This SME consumer electronics stock zoomed 1078% against its issue price

Shares of CWD hit a new high of Rs 2,121, up 5 per cent on the BSE and zoomed over 1,000 per cent against its issue price of Rs 180 per share.

25% micro credit customers graduated to SMEs since Covid: Bandhan Bank MD

Ghosh says bank is looking to increase branch count to 8,000 nationally from the current 5,640

Why India's first high-throughput satellite broadband service is a big deal

The resulting explosion of bandwidth would provide a big boost to commerce in underserved areas

Existing players will join once penetration crosses single digits: ONDC CEO

In a Q&A, T Koshy, dwells on the network's national road map, challenges in onboarding small retailers, and the value proposition for customers

SME EPC road contractors face shrinking margins as input costs spike

However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs

SME Chatroom: Banks can write off import entry in IDPMS over quality issues

RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or destruction of goods by port/Customs/health authorities

IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs

Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis

'Unconfirmed LC binds only the issuing bank to pay'

In a freely negotiable LC, any bank can negotiate the LC compliant documents, pay the party and claim reimbursement in accordance with the instructions of the LC issuing bank.

KN Agri IPO subscribed 2.4 times on Day-1, issue closes Thursday

Firm seeks to raise Rs 50 cr; shares will get listed on NSE Emerge platform, which caters to SMEs; IPO price band is Rs 71-75

Russia-Ukraine war: Rs 1.2 trn SME debt at risk, lower-rated unit worse off

India ratings says effects manageable; pharma, Fertiliser sector more exposed

Security services industry on slow comeback course: CRISIL SME Tracker

As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing to negative growth of 30 per cent last fiscal

'SMEs and startups will benefit from India-UAE CEPA', says FICCI

The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.

SME Chatroom: No interest liability due on retrospective amendment

However, it would help all persons concerned if the CBIC issues a clarification in this regard

SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal

Deal will strengthen Open's cloud native enterprise offering BankingStack through which it has deployed SME digital banking solutions for 17 banks

Collection efficiency for retail, SME loans improves to pre-Covid levels

Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show

SME Chatroom: Anti-dumping duty on inputs payable on sales from SEZ to DTA

Business Standard brings you the fortnightly Q&A on SMEs