Author: SME E-News

Nestlé Introduces 90% Plastic Reduction with New Paper-Based Packaging Innovations

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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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SME IPO surge: These 4 firms invite bids today; price, lot size and more

SME E-NewsLeave a Comment on SME IPO surge: These 4 firms invite bids today; price, lot size and more

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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Bankruptcy Court approves 22 business rescues in August; 34 so far in second quarter

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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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Re-KYC: A double-edged sword in safeguarding customer security

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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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Critics Missing the Point: Gujarat’s Industrial Appeal Extends Beyond Alleged Political Bias

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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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MSME loan portfolio expands 17.8% to Rs 64.1 trillion in FY24: Report

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During the financial year 2024, a total of 27.4 million MSME loans were sanctioned, amounting to Rs 54.2 trillion. This marks a growth of 19.3% in volume and 5.4% in value. Individual MSMEs recorded a Y-o-Y growth of 12.6% in the value of originations and a 19.4% increase. India’s micro, small, and medium enterprises (MSME) […]

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India’s export-linked jobs declined as it missed out on post-China opportunity: World Bank:

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In May, The Indian Express reported that India’s labor-intensive sectors such as textiles, leather, gems and jewelry, and marine products are experiencing a sharp decline. Jobs in India generated directly and indirectly connected to international trade have declined over the last decade, the World Bank said, adding that the country has missed out on the […]

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AlphaVision Management Consultant LLP Set to Transform Indian SME & MSME Landscape with IPO and Strategic Fund-Raising Solutions:

SME E-NewsLeave a Comment on AlphaVision Management Consultant LLP Set to Transform Indian SME & MSME Landscape with IPO and Strategic Fund-Raising Solutions:

AlphaVision Management Consultant LLP, under the visionary leadership of Akhil Jain, is poised to revolutionize the financial consulting sector with its landmark IPO and innovative service offerings. As the company prepares to make its mark on the public markets, it stands at the forefront of providing comprehensive solutions that cater to the dynamic needs of […]

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GST from imports hit Rs.50,000 crores in August, raises share in overall mop-up:

SME E-NewsLeave a Comment on GST from imports hit Rs.50,000 crores in August, raises share in overall mop-up:

Gross GST collections were Rs 1.74 lakh crores in August, a year-on-year growth of 10%, and net collections (after refunds) were Rs 1.5 lakh crores, up 6.5%. Even though consumer goods imports are a major part of the inward shipments, the rise in imports of industrial raw materials and intermediate goods also contributed to the […]

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Overseas Citizen of India (OCI) income tax depends on person’s residency status under I-T Act:

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A foreign national applied for an OCI card based on her marriage to an Indian citizen, but her application was rejected as her estranged husband was not present. While her petition was upheld by the Delhi High Court, the Supreme Court ruled that the Indian spouse’s physical or virtual presence was mandatory under Section 7-A(d) […]

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