How Lenders Navigate Risk in MSME Lending Without Credit History
How Lenders Navigate Risk in MSME Lending Without Credit History Lending to small and unorganised businesses presents significant credit risk, primarily due to the absence of credit history for assessment. Traditional methods of credit evaluation, such as predicting behavior based on credit history or analyzing cash flows and profitability through financial statements, often fall short […]
Secretary, Department of Pharmaceuticals launches the MEDITECH STACKATHON 2024 in collaboration with CII at New Delhi
Department of Pharmaceuticals launches the MEDITECH STACKATHON 2024 in collaboration with CII at New Delhi India’s MEDTECH industry holds immense potential with projections estimating a growth rate of 28% annually: Dr Arunish Chawla Industry captains and key stakeholders to brainstorm on the Value Chain Mapping of the select medical devices to facilitate meaningful discussions on […]
Repercussions of a Clean Technology Trade War: Lessons from History
Repercussions of a Clean Technology Trade War: Lessons from History What happens when a leading trading nation faces the reality that its supremacy is waning? For the first country to grapple with this dilemma — Britain — it led to an enduring identity crisis that continues more than a century later. As the United States […]
SEBI Takes Action Against SME for Alleged Financial Manipulation
Sebi Takes Action Against SME for Alleged Financial Manipulation On Monday, the Securities and Exchange Board of India (Sebi) issued sanctions against 12 entities, including Add-Shop E-Retail, a listed company, and several members of its promoter-management team, for purportedly manipulating financial statements. According to the Sebi order, the company engaged in fictitious transactions, including fake […]
India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data
India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data India’s services sector demonstrated robust growth in April, driven by strong domestic and international demand, which bolstered business confidence to a three-month peak, according to a survey released on Monday. The […]
Extended Season of Down Rounds for Indian Startups
Extended Season of Down Rounds for Indian Startups The trend of down rounds in the startup ecosystem is persisting and expanding. Nearly 20% of the major venture capital deals in 2023 and up to April this year involved significant reductions in valuations. This marks the highest proportion since 2015, according to data from Pitchbook. Before […]
Do you know about various ways of Succession Planning for Family-Owned Business?
Do you know about various ways of Succession Planning for Family-Owned Business? Positive Facts to know about India as a country is the 3rd largest in the number of family businesses. 75% of publicly traded companies & 85% of private entities are family-owned. 79% of India’s GDP is contributed by family-owned businesses which is the […]
Are Technological Advancements Boosting Electric Mobility in India?
Are Technological Advancements Boosting Electric Mobility in India? Our daily lives are increasingly shaped by technology, from waking up to smart notifications to navigating traffic and making online purchases seamlessly. Digitization has revolutionized travel, enabling us to avoid congestion, book rides effortlessly, and receive real-time updates on driver arrival times. Against the backdrop of sustainability […]
Increasing Issuance of GST Demand Notices Driving Growth in GST Collections
Increasing Issuance of GST Demand Notices Driving Growth in GST Collections The surge in GST collections is partly attributed to the rising number of GST demand notices being issued to companies, prompting many to express their intention to appeal against these orders. Abhishek Jain, Partner and National Head of Indirect Tax at KPMG India noted, […]
Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report
Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report According to the latest data from the Reserve Bank of India (RBI) on sectoral deployment, banks provided a gross credit of Rs 24.67 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in March this year. This credit […]