UP SMES
Housing sales in top 30 Tier II cities up 11% in FY24 to nearly 2.08 lakh units: PropEquity
Housing demand in India has increased by 11% last fiscal, reaching nearly 2.08 lakh units across 30 Tier II towns, according to PropEquity's report. The top 10 Tier II cities contributed 80% to the total sales in these small towns, with sales of 1,68,998 units in 2023-24. The other 20 Tier II cities include Bhopal, Lucknow, Goa, Coimbatore, Raipur, Vijayawada, Indore, Kochi, Trivandrum, Mangalore, Guntur, Bhiwadi, Dehradun, Ludhiana, Chandigarh, Agra, Mysore, Sonepat, Panipat and Amritsar.
ET Make in India SME Summit in Lucknow: Micro industries must be given adequate support in the MSME ecosystem
The purpose of these regional ET MSME Summit events is primarily to increase awareness, promote networking and support industry-specific learning to give small industries a leg up.
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
One District One Product scheme is catalysing UP's export potential, says Alok Kumar, Principal Secretary, MSME and Export Promotion, UP Govt
The One District One Product (ODOP) scheme has made a big difference in many industrial segments across UP, and it has also been a significant catalyst for the country's economic growth, according to Alok Kumar, Principal Secretary, MSME and Export Promotion, UP Government.
Tide enables bill payments for MSMEs to streamline expenses
Tide’s Bill Payments are expected to help small businesses pay for a range of utilities such as electricity, gas, postpaid mobile and broadband bills.
SP Jain Institute launches Wise Innovation Studio for Emerging Technologies
SPJIMR's WISE Tech fosters societal advancement through wise innovation with initiatives like accelerators, Entrepreneurship Fellowship, and Wise Innovation Conclave. Manoj Mohan leads the executive team, supported by R. Ramanan and Haresh Chawla from True North.
Rs 7,000 cr of exports a year: How the small town of Bhadohi in UP became a global carpet powerhouse
Bhadohi, the carpet capital of India, boasts a rich history of carpet weaving dating back to the Iranian master weavers in the 16th century. The town's success lies in its blend of traditional craftsmanship and modern technologies, offering unique handmade carpets to global markets.
Micro enterprises' share in total exports rises, drops for SMEs
Micro enterprises' exports grew to 6.63% in January, while small and medium enterprises' shares decreased. Top MSME export sectors are engineering goods, gems, garments, rice, and chemicals. Various factors affect exports, including freight costs and Western world economic challenges.
There is bigger frothiness and fear in SMEs, IPO market: Sandip Sabharwal
Sandip Sabharwal discusses the impact of regulatory measures on mutual funds, particularly small and midcap funds. He also highlights concerns about the hospital space and potential negative effects on margins. Additionally, he talks about profit-booking in March, triggers for pipe companies, as well as the constructive outlook on the auto sector.
How can Indian SMEs combat ransomware attacks?
The average ransom soared to $1.54 million in 2023, nearly doubling from the previous year. Cybersecurity experts stress the urgent need for proactive defense strategies, including raising awareness, investing in robust infrastructure, implementing strong access controls, and developing incident response plans.
Indian SMEs expect human interaction to remain critical within a digital corporate world: HSBC survey
In India, nearly 89% are looking at how emerging technologies can help advance employee skillsets, and 89% are planning to re-train their workforce.
This year onwards, the focus will be on SMEs, debt and mutual funds: Sundararaman Ramamurthy, BSE
Sundararaman Ramamurthy says: “If you look at the profile of these people who have got registered in the last three-four years, while Maharashtra and Delhi may be a bigger state contributing to the pie, the growth is not contributed by these states. It is being contributed by Uttar Pradesh, Chhattisgarh, Bihar, Punjab, MP and Rajasthan. Cities like Agra, Varanasi and Indore that are contributing more.”
Why Indore is a lucrative garment manufacturing hub for SMEs
A rich heritage, increased awareness and a conducive ecosystem is making Indore see a steady growth in apparel orders. More efforts can be done to achieve scale of international repute for this flourishing industry.
How SMEs can navigate debt challenges for sustainable growth
Delays in business-to-business (B2B) payments can cause a domino effect that hurts SMEs. It strains their financial reserves, makes it harder to pay suppliers, cover operational costs, and invest in growth.
EIB Global announces $40 million for private equity fund supporting digitalisation of Indian SMEs
The fund seeks to leverage digitalisation and technology to overcome geographic limitations and facilitate deeper market penetration.
Cut risk weight to help SMEs, banks tell RBI
Banks have asked the regulator to consider lowering the 'risk weight' on loans to unrated small and medium enterprises. An overwhelming number of small businesses do not have any ratings that bigger businesses and corporates obtain from credit rating agencies to get a better deal from lenders.
BSE comes out with new guidelines for shifting of SMEs to main board
In addition, the SME should have a positive operating profit for at least any two out of three financial years and have a positive profit after tax (PAT) in the immediate financial year of making the migration application to the bourse.
NSE, West Bengal govt sign MoU to facilitate fundraising for SMEs
As part of the MoU, NSE with the support of the state government, will conduct awareness drives through seminars, knowledge sessions, road shows, and workshops to guide corporates in fundraising on the NSE Emerge platform
ET MSME Awards 2023: Experts decode strategies for boosting exports and navigating global trade challenges for SMEs
As part of the ET MSME Awards 2023 - Jury Dialogues, K Rama Devi, Founder of ALEAP, and Dr. HP Kumar, Director of External Affairs at Power2SME share insights on empowering India's MSMEs for global success, navigating international trade challenges, boosting exports, and competing on a global scale through market intelligence, financial support, infrastructure development, and more.
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