MSME Listings

Hitting out at the Centre, the Congress on Tuesday alleged that deliberate destruction of MSMEs through "neglectful policy-making, a blundering demonetisation, a botched-up GST rollout, and the unplanned Covid-19 lockdown" is partly responsible for the shift away from labour-intensive growth. Congress General Secretary (Communications) Jairam Ramesh cited an article in a newspaper highlighting the paradox of ostensibly higher GDP numbers and their failure to create jobs or increase rural wages (adjusted for the increase in prices). The latest Annual Survey of Industries (ASI) for 2022-2023 indicates that some part of the decline in real wages can be attributed to a decline in labour productivity, Ramesh said. The growth in GVA per worker (a measure of labour productivity) slowed from 6.6 per cent in 2014-15 to 0.6 per cent by 2018-19, the Congress leader said. After Covid-era statistical irregularity, worker productivity contracted again in FY23, he added. The trend away from ...

Industry leaders say it will give boost to 'Ease of Doing Manufacturing' and 'Make in UP' programmes

July sets record for SME listings, raising over Rs 1,000 crore

At 6:50 AM, GIFT Nifty futures were down 179 points, trading at 24,187.5, indicating a negative start for Indian stocks.

Jaipur-based lender had filed its preliminary papers with the capital markets regulator in May this year

Analysts caution that the sharp rally in SME stocks makes them a risky proposition at current levels, and also highlight the inherent risk associated to such investments.

The bank will focus more on growing its retail and micro, small and medium enterprises (MSME) portfolio

Agrochemicals margins could normalise from the second quarter due to destocking of high-cost inventories

Experts say states that announced green policies have led the investment pack

Buch calls for policy by MF trustees to protect investors from 'bubble' in the smallcaps

This celebration of World MSME Day is to create market opportunities in both domestic and global markets, promote regional development, reduce regional disparities

Loans to the sector are expected to get thrust with the Udyog Plus B2B platform launched by the NBFC arm, Aditya Birla Finance

The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said. VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said. "We have tied up with SIDBI to provide loans to the SME and MSME sectors. VFS Capital expects to disburse Rs 30-40 crore under the scheme this fiscal, MD and CEO Kuldip Maity said. The loan book of the MFI during 2022-23 is expected to be around Rs 1,100-1,200 crore from Rs 805 crore in the last financial year, he said. Maity said the company is planning to expand its footprint in the north-western part by launching operations in Rajasthan by the end of January. At present, it operates in 13 states including West Bengal, Assam and Tripura. VFS Capital also plans to add 35 branches within this fiscal, taking the number to 270 across the country. We aim to raise Rs 100 crore in .

Rhetan TMT hit a new high of Rs 299.05, having rallied 327 per cent against its issue price of Rs 70 per share

The micro, small, and medium enterprises (MSME) ministry has created a portal where these firms can file applications online regarding delayed payments

The government on Thursday launched three schemes to strengthen Micro, Small and Medium Enterprises (MSMEs) in the pharmaceutical sector. Union minister Mansukh Mandaviya noted that the schemes envisage technology upgradation, setting up of common research centres and effluent treatment plants in clusters for the pharma MSMEs. Small companies should be able to upgrade their facilities to global manufacturing standards, he said. The chemicals and fertilisers ministry rolled out the schemes under the banner of 'Strengthening Pharmaceuticals Industry' (SPI). "I believe the pharma MSME industry will greatly benefit from the schemes. The new schemes have many benefits that will go a long way in making the Indian pharmaceutical industry, Atma Nirbhar, more resilient and future-ready," Mandaviya, who heads both health as well as chemical and fertilisers ministries, said. The schemes provide for credit linked capital and interest subsidy for technology upgradation of MSME units in ...

UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event

More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday.

Move will remove a major bottleneck for start-ups, MSMEs

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