Manipur Loan EMI: Manipur seeks 12-month moratorium on retail loan EMIs
The Manipur government has instructed banks to extend by up to 12 months a moratorium given on retail loan payment in the state, as normal life continues to be affected due to ethnic violence that started more than two months ago. The state government had last month invoked provisions under the Reserve Bank of India’s…
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cii survey: Indian economy’s growth sustained by conducive domestic policy, healthy macro indicators: CII survey
Amidst the heightened global uncertainty, the Indian economy has proved to be more resilient than many large economies of the world, a report from CII has showed. A conducive domestic policy environment, along with healthy performance of its key macroeconomic indicators have sustained the growth momentum of the economy, the report said.The CII Business Confidence…
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SMEs cybersecurity: SMEs have to wake up to the need to make cybersecurity a top priority
Cybersecurity has become important now more than ever given the rise in technology adoption across the globe. It’s no longer an important tool only for the large companies. Many cybersecurity leaders believe small businesses are equally at risk here.Aaron Bugal, Field Chief Technology Officer, APJ, Sophos Group, says that many small business owners naively believe…
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Pidge Logistics: Pidge pilots logistics technology for MSME growth
NEW DELHI: Pidge, a leading logistics firm, announced the launch of its self-service logistics technology SaaS, which will enable MSMEs, Enterprises and Third-party players across India to grow their business by increasing the efficiency of captive fleets, ensuring zero unfulfilled demand through the Pidge Network Partners, lowering delivery costs and enabling a superior customer experience…
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Mandaviya: Mandaviya asks MSME pharma firms to move towards good manufacturing practices through self regulation
Union Minister Mansukh Mandaviya has asked the pharmaceutical firms in the MSME segment to move towards good manufacturing practices through self regulation, the Chemicals and Fertilisers Ministry said in a statement on Tuesday. In a meeting with representatives of industry body IDMA, the minister stated that Schedule M will soon be made compulsory for MSME…
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tata technologies: Tata Technologies offers to invest Rs 2000 cr in common engg facility centres
Tata Technologies has offered to set up three common engineering facility centres (CBFCs) in Karnataka at an investment of Rs 2000 crore. ET Year-end Special Reads The company representatives met industries minister MB Patil on Wednesday and submitted a formal proposal about their plans. The CBFCs will help MSME units, the minister said. The proposal…
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NPAs: Lender confidence in MSMEs rises with use of analytics and lower NPAs: Report
Lenders’ comfort in lending to MSMEs is on the rise as easures on formalization of MSMEs and adoption of digital platforms by lenders has enabled them to access granular data on enterprises and improved their confidence for lending according to a joint report by credit bureau Transunion Cibil and MSME lender Sidbi. Also, NPAs are…
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ET MSME Day 2023: Why cobots are the future of automation
In today’s fast-paced industrial landscape, there is no doubt that automation is a key driver for efficiency, productivity and cost savings. Traditional automation solutions often involve large, standalone robots that are isolated from human workers. That has changed. Today, a new generation of robots – collaborative robots, or cobots, offer a different industrial automation solution…
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PLI: Modified PLI, export incentives in works for small & medium units
The government could roll out a modified production-linked incentive scheme along with incentives for exports and employment generation for medium enterprises. The move is aimed at incentivising small units in the MSME category to scale up operations to move into the medium category and generate more employment while integrating them with the global value chain….
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TruCap Finance disburses Rs 261 crore in June quarter
TruCap Finance, a micro, small, and medium enterprises (MSMEs) focused non-banking finance company (NBFC), has disbursed Rs 261 crore in the quarter that ended June’23 as compared to Rs 237 crore in March 23 and Rs 164 crore on June 22 translating to an AUM in excess of Rs 650 crore with over 65,000 plus…
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