However, 6,019 recognized startups shut shop as of July 18, 2025, according to the Ministry of Corporate Affairs data. This comes as the country’s startup ecosystem is showing signs of recovery after over three years of funding slowdown. In the half-year period, five new startups turned into unicorns. Almost 21,683 startups have been recognized under […]
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Women entrepreneurs were given 86,738 loans worth ₹20,521.41 crores. Union Finance Minister, Nirmala Sitharaman on Tuesday said the Government sanctioned ₹28,996.15 crores under 126,508 loan accounts to SC/ST and women entrepreneurs over the last three fiscal years. The Finance Minister, in reply to a Rajya Sabha question, said the objective of the Stand-Up India Scheme was to […]
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The measure of the success of a business entrepreneur is how wealthy and how quickly he or she becomes, says Arun Maira, Author of Reimaging the Indian Economy. According to Webster’s Dictionary, an entrepreneur “is a person who organizes and manages any enterprise, especially a business enterprise, usually at considerable risk and initiative”. As a […]
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What trends are you seeing in MSME credit growth and asset quality this year? Insights from the latest TransUnion CIBIL – SIDBI MSME Pulse Report highlight a very encouraging outlook for the MSME sector, both in terms of credit growth and asset quality. The data shows that MSMEs continue to demonstrate resilience and growing financial […]
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Canada has updated the amount of funds required for foreign nationals to apply for permanent residence in the country. Foreigners wishing to apply for permanent residence in Canada will now have to show a higher amount of funds as proof to be eligible for the Express Entry Programs. For Immigration, Refugees and Citizenship Canada has […]
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The Finance Ministry has directed public sector banks (PSBs) to undertake a third-party evaluation of their Boards’ performance, in the wake of instances of misgovernance at the helm of a few lenders that also raise questions about the scrutiny exercised by their Boards, a senior Government official told Business Standard. “Since a couple of governance issues […]
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The total US trade in these 161 items is valued at $22 billion, Vietnam could realistically pose a competitive threat in just $5.4 billion worth of trade. India risks losing up to $5 billion in exports to Vietnam if it fails to strike a trade deal at a lower tariff with the United States, according […]
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Justice, N. Anand Venkatesh refuses to interfere with the inclusion of Zylog Systems Director, Srikanth Parthasarathy in the willful defaulters list. The Madras High Court has refused to interfere with the inclusion of a former Director of Zylog Systems Limited in the list of loan defaulters maintained by Credit Information Bureau of India Limited (CIBIL) […]
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Mr. Chandrakant Salunkhe – Founder & President, SME Chamber of India and Federation of Indian SME Associations has paid courtesy visit to felicitate Prof. S. Mahendra Dev on his appointment as the Chairman of “Economic Advisory Council to the Prime Minister” on 3rd July 2025 at New Delhi.
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Anil Ambani’s legal team also raised concerns over due process, alleging that SBI failed to provide him with a personal hearing and did not furnish relevant documents. Agarwal Law Associates, the Legal Counsel for Anil Ambani, has responded to State Bank of India’s move to classify the Reliance Communications loan account as “fraud,” stating that […]
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