MSMES CLOUD SOLUTIONS
Supply chain finance market set to see explosive growth as use of data becomes common: Veefin Solutions
Veefin is at the forefront of supply chain finance solutions, offering a cutting-edge SCF technology stack and a one-of-a-kind SaaS model that significantly improves SCF accessibility and efficiency, says Raja Debnath, Managing Director of Veefin Solutions Limited.
MSMEs to gain from the 7% projected growth for FY 24; expect to make more Capex, says report
The report also signals optimism for domestic demand and profitability and is highly optimistic of the increasing capex and hiring by MSMEs which bodes well for the overall growth momentum.
Byju’s rights issue at $500 million valuation; what’s hurting cloud kitchens?
Happy Wednesday! Beleaguered edtech major Byju’s finally filed its much-delayed audited FY22 results with the Registrar of Companies. It’s also holding talks to float a rights issue at a valuation of less than $1 billion. Yes, you heard it right. More on that in today’s ETtech Morning Dispatch.
MSMEs, sustainability and innovation to be key focus areas: Canon India’s Manabu Yamazaki
Manabu Yamazaki, President & CEO of Canon India asserts supporting SMEs and the startup ecosystem has been a core focus area of the Japanese MNC.
A $64-billion export market for India faces a clouded future as EU’s carbon tax mechanism kicks in
A big section of industry is still grappling with the complex regulations of the carbon tax, though the first phase only mandates reporting emissions.
Public sector banks tie up with Veefin Solutions for cloud-based MSME lending platform
Public sector banks in India have partnered with technology firm Veefin Solutions Ltd to offer supply chain financing for micro, small and medium enterprises (MSMEs) on a cloud-based platform. The collaboration, facilitated by PSB Alliance, a group of public sector banks, aims to bridge the estimated Rs 20-25 trillion ($270-340 billion) credit gap for MSMEs. The platform will enable communication between lenders and offer various financing options.
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Here are some of the most admired Indian companies in 2023
The "Top 10 Most Admired Companies in India 2023" list features a diverse range of companies that have achieved financial success while also prioritizing innovation, social responsibility, and employee well-being.
How Adobe Document Cloud can empower the Indian MSME ecosystem
Scalability, security, flexibility — Guru Vaidya, Solution Consulting Manager, Adobe, demystifies the Adobe Document Cloud landscape, elaborating how it is helping in unlocking an era of seamless digital transformation for micro, small and medium enterprises of India, in sync with a broader Digital India drive.
Design-linked sops on the anvil for small companies to create local cloud solutions
The idea is to foster innovation which will challenge the duopoly of Amazon and Google in the space, a senior government official said. In the works is a design-linked incentive (DLI) scheme by the Ministry of Electronics and Information Technology.
Rethinking digital solutions for the Indian MSME sector
Digitization is essential for the sector's growth and competitiveness, but digital tools and solutions must be tailored to specific business needs and be affordable, reliable, and effective in addressing supply chain and distribution management.
Salesforce India business has grown in double digits: India CEO Arundhati Bhattacharya
Launching a local data centre has helped Salesforce enter the regulated sectors like banking and insurance in India, said Arundhati Bhattacharya. She said while there is a strong interest in generative artificial intelligence (AI) type of solutions in India, the market needs to mature further.
ET MSME Day 2023: How ready are MSMEs for Industry 4.0?
Technology advancements in the manufacturing sector are increasingly pushing MSMEs to embrace innovative manufacturing tools under the umbrella of Industry 4.0. However, MSMEs in India face an uphill battle in adopting industry 4.0 technologies. The key question remains: Can MSMEs keep up with the pace of technological advancements?
Pidge, a logistics SaaS platform, launches nationwide; to enable 60 mn MSMEs to unlock their growth potential
Pidge has launched its services in different cities in the country and aims to bring about digital parity in a largely unorganised logistics sector.
ET MSME Day 2023: How MSMEs can leverage data analytics to become smarter and more efficient
Especially in the case of small businesses, incorporating data analytics tools can imply more opportunities to optimise costs across various sectors.
From Nordic countries to Japan, everyone wants India’s tech services
Technology played a huge part in saving businesses in the last few years of severe disruptions. It is also going to play a crucial part in economic growth. What does that mean for a country like India, which houses a large arsenal of tech firms of all sizes?
ET MSME Day 2023: Navigating the myths of digital transformation for business growth
Digital transformation is a crucial strategy for organisations in today's business landscape. It aims to optimise operations and drive innovation. But, despite its significance, many organisations still hold misconceptions about digital transformation.
Cyber security pitfalls and how negligence can be expensive for MSMEs
70% of Indian firms have been hit by ransomware disruptions in the last three years and they keep rising.
Worldline joins hands with SignCatch to launch Merchant Digitisation Programme to empower MSMEs
The partnership aims to provide one-stop cloud-based Retail Solutions for MSMEs in India.
Indifi makes strategic investment into BizeeBuy
This investment is a move to strengthen the tech offerings to SMEs across the country.
Ministry of MSME , IIT Kanpur to support seven micro enterprises to develop design projects
The Design Innovative Scheme by the Ministry of Micro, Small, and Medium Enterprises, will provide grants to the final year UG and PG students engaged in design development and MSMEs working in the design domain.
Govt likely to extend Cert-In cyber rules deadline to aid MSMEs
This will apply to micro, small, and medium enterprises (MSMEs) as well as small and medium enterprises (SMEs), Minister of State for Electronics and IT Rajeev Chandrasekhar told ET.
How can MSMEs build resilient businesses that thrive in a post-pandemic world?
Although MSMEs were the worst hit during the pandemic, they showed remarkable resilience. Read to know more
Vi Business launches platform to help MSMEs scale digitally
Vi Business ReadyforNext program is built on the philosophy of handholding the MSMEs in their entire digital journey. The product will help MSMEs in their digital adoption endeavours, while helping them digitally secure the business in the new era of remote working.
Why it’s critical for Indian MSMEs to prioritize endpoint protection as they go digital
After Covid -19 pandemic, cybersecurity has become an area of major concern for MSMEs. Here's how MSMEs can improve their endpoint protection.
Role of technology in boosting MSME’s ability to handle supply chain volatilities
The supply chain is the epicenter that covers all phases which are involved in placing a product in the ambit of the consumers right from acquiring raw materials, manufacturing, and distributing to warehousing and shipping the finished products.
Industry 4.0 adoption can help manufacturing sector contribute 25% to GDP by FY26
MSMEs in India account for 33% of the manufacturing output and 45-50% of exports, across textile, food processing, chemical, and electrical or equipment.
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions
The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already underway.
Telcos target MSMEs for future growth
India’s largest telco Jio, in its just released annual report for FY20-21, called MSMEs the bedrock of Indian economy which lack access to integrated digital services and the know-how to adopt.
ETRISE Top MSMEs Ranking: REConnect Energy and Clairvoyant India bag top honours
The ETRISE Top MSME Ranking programme was an endeavor to showcase businesses that stand apart due to their achievements.
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