Hackers Pivot to SME as Biggies Stop Playing Ball: Attacks on small and medium enterprises (SMEs) (with 100-5,000 employees) have significantly risen in India and accounted for nearly half of all such incidents in 2023. Among large organizations, only 10% of those attacked paid ransom, whereas with SMEs, 44% ended up paying amounts ranging between […]
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Exporters are concerned about declining bank credit, which they will discuss with Commerce Minister, Piyush Goyal. Despite a 15% growth in exports, outstanding credit dropped by 5%. The Federation of Indian Export Organisation (FIEO) suggests measures like sub-targets for export credit and increased insurance cover to address the issue. The declining bank credit to exporters […]
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Plastic Reduction: New packaging for Vital Proteins reduces plastic use by 90%. Sustainable Coffee Packs: Nescafé introduces high-barrier paper refill packs, cutting packaging weight by 97%. Recycling Commitment: Nestlé aims for 95% recyclable plastic packaging by 2025. Nestlé continues to push the boundaries of sustainable packaging with innovative paper-based solutions across major brands. In a […]
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A total four small and medium enterprises (SME) initial public offerings (IPO) are inviting bids for their respective issues starting from Monday, 9, September, 2024. These are Aditya Ultra Steel, Shubhshree Biofuels Energy, Share Samadhan and Gajanand International. The companies will list on NSE SME platform, below is a full list of these SME IPOs […]
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More than half of all the businesses that secured approvals for their debt resolution schemes and about two-thirds of the cases cleared in July were in the real estate and hospitality sectors. The National Company Law Tribunal approved the debt resolution plans of 22 businesses in August, maintaining the pace of salvaging distressed companies, official […]
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As per the RBI guidelines, it is crucial for Re-KYC to be conducted on a regular basis. Financial institutions, including banks and NBFCs, are required to carry out Re-KYC in alignment with a risk-based methodology. Re-KYC, while a regulatory necessity aimed at maintaining the accuracy and currency of customer data, has inadvertently opened doors for […]
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Those unhappy with industries moving to Gujarat should know that long term political stability and ‘double engine sarkar’ could trump incentives. The announcement by Kaynes Technology to build its chipmaking plant in Gujarat’s Sanand, instead of Telangana as planned earlier has set off a debate: is the Central Government favoring Gujarat over other states? “Prime […]
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