SMALL BUSINESS ADMINISTRATION
German businesses in India say bureaucratic hurdles worsening
German companies have cited bureaucratic hurdles in India as a major drawback to operating in the country this year, according to a survey from the Indo-German Chamber of Commerce. The survey found that 64% of German businesses listed protectionist measures and procurement rules as the biggest drawback to operating in India, up from 53% last year.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
Small Indian-American community making grand contributions in the US: Report
The report "Indiaspora Impact Report: Small Community, Big Contributions," conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture and innovation in the United States.
G7 plans to warn small Chinese banks over Russia ties, sources say
U.S. officials expect the G7 wealthy democracies to warn smaller Chinese banks at the upcoming summit hosted by Prime Minister Giorgia Meloni regarding their assistance to Russia in evading Western sanctions.
ET Make in India SME Regional Summit in Kolkata to look at Bengal’s potential and opportunities to uplift MSMEs
Entering its third city this year, the ET Make in India SME Regional Summit will host brainstorming sessions, networking opportunities and engaging discussions with entrepreneurs and government representatives on developing businesses in the region.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
- Go To Page 1
Manipur: Demand for replacement of minister alleging absence
As many as nine fora have submitted a memorandum addressed to Chief minister N Biren Singh. Manipur is under the grip of ethnic violence since May 3 last year.
ETMarkets Fund Manager Talk: PSU banks trading at 40-50% discount to pvt banks, can outperform: Hardick Bora of Union Mutual Fund
Hardick Bora discusses the state of the PSU banks versus the private banks, Nifty 50 Index, Fair Value Spectrum, small and midcap funds, and asset allocation strategy for moderate risk profiles. Bora says: "An election outcome with continuity of the current administration may strengthen the sentiments of local as well foreign investors."
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
Sanjeev Nautiyal to be Ujjivan Small Finance Bank's new MD & CEO
Sanjeev Nautiyal, former deputy managing director of State Bank of India, is set to become the managing director and CEO of Ujjivan Small Finance Bank from July 1 for a three-year term, approved by the Reserve Bank of India. He will join early as president, collaborating with current MD Ittira Davis for a smooth transition. Ujjivan, with significant loan and deposit figures, is among the prominent small finance banks.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Realtors home in on religious cities to build business
Property development in religious cities like Ayodhya, Varanasi, Vrindavan, Haridwar, and Tirupati is booming due to spiritual tourism. Developers are launching residential projects, with increased interest and investment opportunities in these areas.
Hoping for business as usual: A period of relative peace has given new hopes to Kashmir’s business landscape
Amjad Shah, proprietor of cotton processing unit in Tral, Pulwama district, frequently visits Inox Cinema Complex in Srinagar with his family. The Valley has become peaceful, witnessing a boom in sectors like tourism and construction since the scrapping of Article 370. The Valley's traders are happy now. Tourism in J&K has shown resilience. The Gulmarg hotel project is being revived.
Fractures in global trade deepen as WTO musters only a small win
As talks headed for a sixth day near midnight Friday, ministers could only agree on a measure they’ve maintained since 1998 — extending a moratorium on tariffs on digital commerce.
View: Utter lunacy at Chandni Chowk
Cashing on the moon has become a dead serious business, not just metaphorically. There are plans to use it as a burial site for human remains, giving a new turn to 'Dust thou art, and to dust returneth, from Earth to Moon, and ashes to ashes.' The cargo aboard a recent unsuccessful moon mission of a US company included capsules containing crematoria ashes along with, in a twist of unintended irony, a Japanese soft drink, a publicity gimmick which, if adopted by others, could escalate 'Cola Wars' to new heights of competitiveness.
Yogi Adityanath to inaugurate Defence Corridor in UP on Feb 26
Chief Minister Yogi Adityanath is slated to inaugurate the Defence Corridor in Uttar Pradesh, featuring the nearly completed Small Calibre Ammunition Manufacturing Plant by the Adani Group. The administration is actively preparing for the event, including the construction of a helipad and a storehouse within the corridor. Uttar Pradesh, a key player in India's economy, boasts a massive population and holds top positions in labor force availability, manufacturing, MSMEs, and EODB rankings. The Uttar Pradesh Defence Industrial Corridor aims to bolster India's Aerospace and Defence sectors, reducing dependence on foreign imports.
Mission Ready: Cos scale up hiring of ex-service personnel
Hiring of veterans is picking up pace across India Inc as companies focused on diversity intensify efforts to identify, train and onboard ex-servicemen, recognising the value they bring to the table. Skills such as leadership, teamwork, integrity, risk management, and problem-solving, which are intrinsic to armed forces officers, are prized by companies including Flipkart, Vedanta, IBM, JPMorgan Chase, GE Aerospace, Marsh McLennan Global Capability Centre, and Optum.
As many as 75,000 patents granted in last 10 months: Piyush Goyal
"The Indian Patent Office has granted a record 75,000 patents in the last 10 months," he said, adding the government is making it easier to do business and make it less burdensome to meet the requirements of the law and comply with rules and procedures.
PM Modi reaches out to Muslim-dominated Lakshadweep, says it is small in size, big in heart
Addressing the gathering after launching the projects, PM Modi took a dig at the previous non-BJP governments at the Centre, stating that their only priority for decades was the development of their own political parties.
Fixing tax issues of small online sellers, reducing cost of litigation for MSMEs will help the sector: FISME
At a roundtable event held recently in the capital, FISME tabled the current MSME issues plaguing the industry in a presentation to ‘Friends of MSME’ in Parliament (a group of members of Parliament across parties).
8 ways to transfer your assets to legal heirs, how much to leave as inheritance
Find out the best ways to transfer your wealth to heirs and what it entails for inheritors.
GM's Cruise plans small relaunch of driverless robotaxis
Cruise last week paused all supervised and manual car trips in the United States while also expanding a safety review of its robotaxis, causing tumult within the company and compelling its CEO Kyle Vogt and chief product officer Daniel Kan to step down.
US bets on small nuclear reactors to help fix a huge climate problem
Around twelve companies are developing reactors that are a fraction of the size of those at Vogtle, betting that they will be quicker and cheaper to build.
Crypto is a small slice of Hamas’ funding — but it’s deadly
Crypto is a small but deadly slice of overall terrorism funding: Research by analytics firm Elliptic in 2021 estimated that wallets linked to Hamas’ military wing had received more than $7.3 million in crypto, including around $40,000 in Dogecoin, the dog-themed memecoin favored by Elon Musk.
California Walnut Commission steps up efforts to woo Indians amid growing nut consumption
India's demand for walnuts from California is expected to double in the next decade as more people become aware of their health benefits. California walnuts currently account for 99% of the US supply and nearly 50% of global trade. Despite disruptions caused by the pandemic, exports of California walnuts to India are now increasing again.
Millions more workers would be entitled to overtime pay under a proposed Biden administration rule
The Biden administration plans to propose a new rule that would expand overtime pay eligibility for 3.6 million U.S. workers. The rule would require employers to pay overtime to white-collar workers earning less than $55,000, up from the current threshold of $35,568. It also proposes automatic annual increases to the salary level. Labor advocates and liberal lawmakers have long pushed for expanded overtime protections due to wage stagnation and inflation.
Amazon wants small businesses to help make deliveries in rural areas and big cities
The e-commerce giant on Monday officially launched a program it has been piloting since 2020 that pays small business owners to deliver packages during the "last mile" of delivery to customers' doorsteps.
Volkswagen recalls 1,43,000 Atlas SUVs in US over defective airbag sensor; Here's what happened
Volkswagen has announced a recall of its large Atlas SUVs in the United States. The recall is due to a faulty sensor located on the front passenger side that can cause the airbag system to deactivate in certain situations. Approximately 143,000 Atlas SUVs are affected by the recall.
From struggling to thriving: How Credit Guarantees can bridge the credit gap faced by MSMEs
Providing credit guarantees to lending institutions can play an increasingly important role in bridging the credit gap faced by Indian MSMEs and facilitating the growth of credit to the MSME sector.
Load More
