Under CGTMSE, the guarantee cover available for micro enterprises is up to 85% for loans up to Rs 5 lakhs, while for loans between Rs 5 lakhs and Rs 5 crores, the cover is up to Rs 75%. Rajneesh also noted the 5-crore Udyam registration milestone achieved last week as part of the Ministry’s drive […]
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An Exclusive Interview with Khushboo Doshi, Managing Director of Rajoo Engineers Limited: In a bold and strategic move, Rajoo Engineers Limited, a renowned leader in the plastics extrusion machinery sector, has ventured into the renewable energy arena with a strong focus on solar cell manufacturing. As India aims to achieve an ambitious 450 GW of […]
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The number of Global Capability Centres (GCCs) set up in India, increased to around 1,700 in fiscal 2024, generating $64.6 billion in export revenue and employing over 1.9 million people, a new report has said, with the country expanding its dominance in this space even as GCCs emerge as critical nerve centres for multinational companies. […]
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Thailand is set to launch a new Electronic Travel Authorization (ETA) system for visa-exempt travelers. Starting from December 2024, visitors entering by air, land, or sea will need to obtain an ETA. The system aims to enhance security and streamline entry procedures, with confirmation typically issued within 24 hours. The Ministry of Foreign Affairs of […]
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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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