SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion
SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion The State Bank of India (SBI) is set to achieve above-average loan growth of 14-16% year-on-year (Y-o-Y) for FY25, significantly higher than the banking industry’s projected 13% growth. This surge will be largely fueled by the […]
Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market
Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market Rural India’s FMCG market is experiencing a transformative shift, with the average basket size growing by 60% over the last two years, as noted by a recent Group M and Kantar report. This increase from 5.88 in 2022 to 9.3 in 2024 is […]
Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles
Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles The festive season in India has provided a significant boost to the auto sector, with various segments showing promising growth in sales during the second week of the festive period (October 10-October 16). According to a […]
India’s tea exports up over 23% in January-July period
India’s tea exports up over 23% in January-July period India’s tea exports saw significant growth in the January-July 2024 period, with a 23.79% increase year-on-year. The Tea Board of India reported that the country exported 144.50 million kilograms of tea, up from 116.73 million kilograms during the same period in 2023. This 27.77 million kg […]
Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs
Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs Recordent, a leading accounts receivable (AR) automation platform in India, has launched a Zoho Books Connector, aimed at enhancing AR management for small and medium enterprises (SMEs). This integration allows businesses using Zoho Books, a popular accounting ERP platform, to benefit from Recordent’s advanced […]
Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus
Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus Subam Papers made its stock market debut on the BSE SME platform with a 6.6% discount, listing at ₹142 compared to the issue price of ₹152. This debut comes as the company continues its expansion in the manufacturing of Kraft […]
Amazon Great Indian Festival 2024: 8,000 Sellers Cross Rs 1 Lakh in Sales Within First 48 Hours
Amazon Great Indian Festival 2024: 8,000 Sellers Cross Rs 1 Lakh in Sales Within First 48 Hours The Amazon Great Indian Festival 2024 kicked off with a strong start, with over 8,000 sellers surpassing Rs 1 lakh in sales within the first two days of the event, which began on September 27. Amazon reported that […]
India SME Forum Launches “Start Exporting in Eight Weeks” Initiative
India SME Forum Launches “Start Exporting in Eight Weeks” Initiative The India SME Forum (ISF), a non-profit organization supporting Small and Medium Enterprises (SMEs), launched a new initiative titled “Start Exporting in Eight Weeks”. This program, announced at the Business Beyond Borders 2024 Conference, aims to promote ‘Make in India’ products globally. The launch was […]
Over 25% of Micro and Small Enterprises in Northeast Struggling to Survive: Study
Over 25% of Micro and Small Enterprises in Northeast Struggling to Survive: Study A recent study by the MSME Export Promotion Council (EPC) revealed that over 25% of micro and small enterprises (MSEs) in India’s Northeastern states are grappling with severe survival challenges. The region, home to approximately 74,000 MSMEs, faces multiple crises stemming from […]
BSE Pushes for Stricter Scrutiny of SME IPO Listings: Report
BSE Pushes for Stricter Scrutiny of SME IPO Listings Sundararaman Ramamurthy, the CEO of BSE Ltd., has instructed bankers to enhance their oversight of SME initial public offerings (IPOs), following concerns about inflated financial figures in recent applications. According to sources familiar with the situation, Ramamurthy emphasized the need for bankers to carefully vet IPO […]