Government Needs to Review Unfavorable FTAs: CII Chairman
Government Needs to Review Unfavorable FTAs: CII Chairman NEW DELHI: The government should reassess free trade agreements (FTAs) with countries like South Korea and ASEAN members that have not been advantageous for India in terms of market access, stated Sanjiv Puri, Chairman of the Confederation of Indian Industries (CII). However, he noted that trade agreements […]
India’s Electronic Manufacturing Set to Double to $250 Billion in Five Years: Report
India’s Electronic Manufacturing Set to Double to $250 Billion in Five Years India’s electronic manufacturing sector is poised for significant growth, with projections indicating it will double to around $250 billion in the next five years, according to a report from The Economic Times. This growth would elevate the sector from its current value of […]
Women constitute 36% of workforce in Indian start-ups and SMEs, finds HerKey report
HerKey Report: Women Constitute 36% of Workforce in Indian Start-Ups and SMEs A recent HerKey study revealed that women represent 36% of the workforce in Indian startups and SMEs. The HerKey DivHERsity Benchmarking Report 2023–24 found that women make up 34% of the workforce across all surveyed companies, which included 300 firms. Large enterprises led […]
Startups Leverage ‘Value-Add’ Mentors for Growth
Startups Leverage ‘Value-Add’ Mentors for Growth Shared resource model enables PE, VC firms to oversee management Known for their expertise, ‘value-add professionals’ are becoming increasingly popular among private equity (PE) and venture capital (VC) firms. These firms are adopting a shared resource model, utilizing these experts to support their portfolio companies. Under this model, experts […]
Compliance Burden Hampers MSME Chemical Units
Compliance Burden Hampers MSME Chemical Units The extensive compliance requirements are stifling growth in India’s $220 billion chemical industry, particularly affecting MSMEs. Each unit in this labor-intensive sector must meet up to 635 compliance requirements monthly, posing a significant challenge, according to industry sources and analysts. Rishi Agrawal, co-founder and CEO of TeamLease RegTech, noted, […]
Manufacturing Sector Seeks Policy Continuity and New PLI Schemes Under Modi’s Third Term
Manufacturing Sector Seeks Policy Continuity and New PLI Schemes Under Modi’s Third Term With the Narendra Modi-led NDA government commencing its third term, the manufacturing sector anticipates policy continuity, increased capital infusion, and new PLI schemes to strengthen India’s position as a preferred manufacturing hub and to enhance a robust and resilient supply chain ecosystem. […]
Indian Banks to Request Regulator Not to Increase Provisioning for Infrastructure Loans
Indian Banks to Request Regulator Not to Increase Provisioning for Infrastructure Loans The Indian Banks’ Association (IBA) plans to ask the Reserve Bank of India (RBI) to maintain the current provisioning requirements for infrastructure project loans. This response is in light of the RBI’s recent proposal to significantly increase the capital banks and non-banking financial […]
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 […]