Page 2 - Sme

'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

SME Chatroom: 'IGST refund rules for exports by EOUs need to be reviewed'

Business Standard brings you the fortnightly Q&A on SMEs

SME offerings make a comeback in CY2021, mop-up 3x over last year

Last year as investors preferred larger companies that were deemed more resilient amid Covid; Calendar 2018 was the best year for SME IPOs, with 141 offerings garnering Rs 2,287 cr

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low

SME Chatroom: 'No GST on expenses incurred as pure agent'

You need not include the costs and expenses you incur as a 'pure agent' in the value of taxable supplies, provided you fulfil the conditions stated in Rule 33

'FTP benefits are available against settlement of claims by ECGC'

Expert answers readers' SME queries related to excise, VAT and exim policy

State Bank of India's latest target: Rs 4-trn SME loan book by March 2024

It has become easier to do business, especially in the SME banking space, with rising pace of formalisation

UK SME fintech platform Tide announces plans to expand into India

Tide on Monday announced its first plans for a test launch in India in the first quarter of 2021, followed by a wider rollout later in the year, as part of its international expansion plans

Temporary or permanent transfer of intellectual property attracts 12% GST

Appendix-5C of the HBP also requires the Chartered Accountant to clearly certify that the exporter has submitted e-BRC and the same have been verified

SME B2B Platform TradeIndia looking to raise $10-15 mn in next 2 quarters

The company was started as an offline B2B platform for SME buyers and sellers in 1996 by Bikky Khosla, who owns 95 per cent of the stock

Wiserfunding enters Indian market, to provide lending solutions for SMEs

The investment will also be towards creating technology to connect to various public and private databases to source all inputs to fully automate its models as it already does in Europe