SME E-News – Page 28

National Startup Day: Maharashtra gets Rs.200 crores boost to support innovation, entrepreneurship

January 16, 2025January 20, 2025SME E-NewsLeave a Comment

The initiative aims to empower startups across Maharashtra with Rs.30 crores allocated to each regional division, underscoring commitment to fostering a vibrant startup ecosystem and spurring economic growth. Boosting Maharashtra’s potential to become India’s startup capital, the Small Industries Development Bank of India announced Rs 200 crores fund to support innovation and entrepreneurship. Unveiled on […]

JACKPOT for Saudi Arabia, discovers massive treasure worth USD 2.5 Trillion of…., Crown Prince to

January 16, 2025January 20, 2025SME E-NewsLeave a Comment

Saudi Arabia has shifted its focus to lithium under the Vision 2030 plan. The Saudi Government aims to reduce the country’s dependency on oil by 2030. Saudi Arabia, a country that earns billions of dollars by supplying oil, is now all set to mine lithium, often referred to as the ‘new oil’. The kingdom has announced a […]

First e-commerce export hub may start operations in March: DGFT

January 15, 2025January 18, 2025SME E-NewsLeave a Comment

India’s first e-commerce export hub is set to become operational by March, aiming to boost exports to USD 100 billion by 2030. The pilot launch includes companies like Shiprocket and DHL, with features such as self-sealing and easy reimport policies. Additionally, a new Diamond Imprest Authorization scheme will start from April 1, promoting duty-free import […]

German economy shrinks for second year in a row

January 15, 2025January 18, 2025SME E-NewsLeave a Comment

First consecutive year of declining GDP since early 2000s highlights challenges facing next Government. Germany’s economy has shrunk for a second consecutive year for the first time in more than two decades, highlighting the challenges the next Government will face after snap elections in February. As voters prepare to head to the polls amid heightened […]

Centre begins talks for easing MSME compliance burden, financing woes:

January 14, 2025January 18, 2025SME E-NewsLeave a Comment

In a relief to the micro, small and medium business ecosystem in the country, the Centre began talks on reforms to reduce the compliance burden and provide regulatory relaxations for MSMEs in registration, mergers & acquisitions as well as closures of business, along with a focus on addressing financing difficulties in the sector. MSME refers […]

Top 10 MSME Loan Schemes in India for Growth and Expansion

January 12, 2025January 14, 2025SME E-NewsLeave a Comment

Substantial steps have been taken by the Indian Government and financial institutions to provide adequate loans for micro, small and medium enterprises (MSMEs) to foster growth without interruption. According to the Ministry of Micro, Small & Medium Enterprises’ report, over 12 million MSMEs are registered across India and contribute significantly to its economy. As such, […]

Govt. to revamp revival framework for MSMEs

January 12, 2025January 14, 2025SME E-NewsLeave a Comment

In the previous budget, Finance Minister, Nirmala Sitharaman had said that a new mechanism would be launched for facilitating continuation of bank credit to MSMEs during their stress period. The Government is working on revamping the framework for revival and rehabilitation (FRR) of debt-ridden micro, small, and medium enterprises (MSMEs) in order to make it […]

L&T chairman, Mr. S N Subrahmanyan paid ₹51 crores as salary in FY24, while median salary of employees was Rs.9.55 lakhs:

January 10, 2025SME E-NewsLeave a Comment

Larsen & Toubro Chairman, Mr. S N Subrahmanyan took home a total salary of ₹51 crores in 2023-24, which is 534.57 times the median salary of the employees of L&T. His remuneration for 2023-24 included a base salary of ₹3.6 crores, ₹1.67 crores as prerequisites and ₹35.28 crores as commission. He also received retirement benefits of ₹10.5 crores, bringing […]

Latest RBI Guidelines for FDs, Credit Cards and UPI Transactions w. e. f 1st January 2025

January 10, 2025January 13, 2025SME E-NewsLeave a Comment

As we welcome the New Year, significant changes are on the horizon, including the RBI’s revised regulations for fixed deposits and modifications to the credit card offerings from certain issuers. Furthermore, this period typically prompts many employers to ask their employees for proof of tax-saving investments made during the financial year. Starting January 1, 2025, […]

This SME stock extends rally up to 132% in 6 days; BSE lowers circuit limit

January 9, 2025January 10, 2025SME E-NewsLeave a Comment

Shares of Toss The Coin hit a new high of Rs 842.55, zooming 363% against its issue price of Rs 182 per share on the BSE. Shares of Toss The Coin hit a new high at Rs 842.55, on hitting the 5% upper circuit on the BSE in Thursday’s intra-day trade in an otherwise weak market. The […]

Author: SME E-News