Industrial Output Grows 5% in April, Bolstered by Mining and Power Sectors
Industrial Output Grows 5% in April, Bolstered by Mining and Power Sectors India’s industrial production growth fell to a three-month low of 5% in April 2024, primarily due to a weaker performance in the manufacturing sector, despite strong contributions from the mining and power segments, according to official data released on Wednesday. Factory output, as […]
SBI Launches ‘SME Digital Business Loans’, Promising Sanction in 45 Minutes
SBI Launches ‘SME Digital Business Loans’, Promising Sanction in 45 Minutes The State Bank of India (SBI), the nation’s largest lender, has introduced ‘SME Digital Business Loans’ aimed at approving loans within 45 minutes. This initiative targets micro, small, and medium enterprises (MSMEs), which SBI has identified as key to its growth and profitability over […]
Ixigo IPO Heats Up: Strong Initial Response Raises Eyebrows
Ixigo IPO Heats Up: Strong Initial Response Raises Eyebrows The much-anticipated IPO (Initial Public Offering) of Ixigo, the travel technology company behind the popular travel search platform of the same name, has generated significant buzz in the Indian stock market. Oversubscribed DebutOn its opening day (June 10th, 2024), the Ixigo IPO received a robust response […]
Policy Changes Expected from New Modi Government to Boost MSME Sector
Policy Changes Expected from New Modi Government to Boost MSME Sector With the newly elected NDA government led by Prime Minister Narendra Modi preparing to announce ministry allocations, several policy changes are anticipated to enhance job creation, entrepreneurship, and business growth. According to a report by CNBC-TV18, citing sources, at least nine policy changes are […]
How India is Poised Amid Global Demand Revival
How India is Poised Amid Global Demand Revival As global demand shows signs of revival, India must seize the opportunity to capitalize on this trend. In 2023, global demand was relatively subdued due to lower consumer consumption and rising inflation in key markets such as Europe and the US. This resulted in a decline in […]
75% of Indian B2B Marketing Leaders Already Using GenAI Applications
75% of Indian B2B Marketing Leaders Already Using GenAI Applications Three out of four Indian B2B (business-to-business) marketing leaders are already leveraging generative artificial intelligence (GenAI) applications in their marketing strategies, according to a new report released on Wednesday. GenAI has been instrumental in accelerating content creation (43 percent), creating cost efficiencies (39 percent), and […]
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years The Indian Cellular and Electronics Association (ICEA), representing major players like Apple, Foxconn, Dixon, Xiaomi, Oppo, Vivo, and others, emphasizes that the new government should focus on establishing a robust and predictable policy framework. This framework should incentivize […]
Industry Anticipates Stronger Emphasis on Electronics Manufacturing from New Government
Industry Anticipates Stronger Emphasis on Electronics Manufacturing from New Government The industry is optimistic that the new government will support the localization of component production and help homegrown brands excel on the global stage. In his inaugural address following the General Elections, where the BJP fell short of a majority but secured the halfway mark […]
India now has 4.5 crore registered MSMEs of which 98% are micro enterprises
India now has 4.5 crore registered MSMEs of which 98% are micro enterprises Of the 4.5 crore MSMEs, 4.4 crore or 98.1 per cent enterprises were micro units followed by 7.04 lakh small enterprises and 67,266 medium enterprises.The total number of micro, small and medium enterprises (MSMEs) in the country registered with the MSME Ministry […]
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G The Department of Telecommunications (DoT) has invited proposals from organizations and startups to develop a comprehensive Industry 4.0 baseline survey focused on the digital transformation of India’s MSME sector through 5G technologies. This survey aims to evaluate the current readiness of MSMEs in the […]