SAP launches initiative to make SMEs globally competitive
The courses will be made available through a mobile application for people to access via their android smartphones. Under this program, SAP India has already trained over 1 million youth with the help of 1500 physical training centers.
Dell Technologies partners with Nasscom to help SMEs, startups
This partnership aims to ensure smooth operations and business continuity for ...
Mastercard commits Rs 250 crores to support small businesses in India
To address the working capital gap for small businesses, Mastercard is ...
Tech companies struggled to get small businesses on the digital bandwagon. Then came the pandemic
For years, IT majors have been trying to target small businesses and get them to be a part of the digital world. The pandemic has been an unlikely ally.
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
SME products were highlighted to the customers to increase awareness and enable them to choose the right product for their business, SBI said in a statement.
The other stock exchange: Why a lucrative way to fund a business has remained largely untapped
Being user friendly and with less compliance, SME exchanges were supposed to be a panacea for cash strapped small businesses to find funding. Eight years since its launch, the platforms face a familiar woe - liquidity.
Airtel Payments Bank, Mastercard tie up for payment solutions for farmers, SMEs
Airtel Payments Bank and Mastercard will work together to create differentiated card solutions, including solutions for contact less payments via NFC (Near Field Communication) for customers and merchants.
RBI provides relief to SMEs by extending loan moratorium by another 3 months
The Governor also announced the further extension of three months for the deferment of interest on working capital facilities.
IT is now an essential part of business continuity: IBM's Ajay Mittal
The uncertainty triggered by the Covid-19 crisis is making SMEs relook at their IT setup and ensure that they fix the gaps which could hamper their ability to operate remotely.
Only adoption of digital technology can help SMEs thrive after Covid-19 pandemic
Consumer products industries, along with retail, which has been divided into sub-categories like fashion and groceries, will have to go fully digital in order to adapt to changing customer behaviour due to the lockdowns enforced across the world.
Most SMEs have run out of cash: Survey
About 24% of respondents said they have cash reserves to sustain their businesses for the next one to three months, while 23% said they can sustain themselves for between three to six months.
'Discouraging attitude' of banks’ risks providing little relief to MSMEs under a key Government scheme
The cornerstone of Finance Minister Nirmala Sithraman’s package for economic revival was the Rs 3-lakh crore collateral free loan scheme for MSMEs. Two months since, the scheme’s success has been limited, with majority of small businesses still struggling to find funding.
SMEs struggle to take off as lack of liquidity, labour, and demand pinch operations
Workers in red zones were also finding it difficult to travel to factories in orange and green zones. Milon Nag, managing director of Pune-based KK Nag Ltd said, “Our factories in rural areas are open. But our managers and all live in Pune and they are unable to reach factories.”
Startups, SMEs on the edge: Survey
About 38% of Indian startups as well as small and medium enterprises are already out of funds because of the pandemic, as per a survey by LocalCircles
Wadhwani Foundation launches 'Sahayata' initiative, commits investment of Rs 200 crore
SMEs are the core of every economy, but the economic crisis triggered by the COVID-19 pandemic has severely damaged this growth driver of all emerging economies. Larger companies generally have larger, more robust balance sheets, access to capital and management resources, and are more resilient.