User: gauravkhambhala Topic: smenews
Category: sme
Last updated: May 24 2018 19:35 IST RSS 2.0
 
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PSBs may re-approach Sebi for relaxing the rule on promoter equity 14.5.2018 Business Standard: News Now
Last year, they got a year's extension to meet the norm, till August 2018
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Instamojo eyes 6-fold rise in gross merchandise value at Rs 6,000 cr this fiscal 13.5.2018 General News
Instamojo, an on-demand payments and e-commerce platform for SMEs, is targeting a six-fold increase in its gross merchandise value at Rs 6,000 crore by the end of this fiscal, co-founder Sampad Swain said. "We have currently 4 lakh SMEs sellers on our platform. We can be profitable in the next 2-3 quarters. So, we are targeting gross merchandise value (GMV) of Rs 6,000 crore by end of 2018-19 from Rs 1,000 crore in the previous fiscal," Swain said in an interaction. He said the company is currently focusing on growth metric rather than break even, which is seen achievable by the end of this fiscal. Instamojo sees a lot of growth opportunities in facilitating small and medium enterprises (SMEs) since out of nearly 60 million small businesses in the country only 5 per cent are digitally active. The company is also looking at raising about Rs 100-120 crore this fiscal from sources like venture capitals, private equity to fund the growth, Swain said. Besides, the company is also planning .
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Simplified customs procedures planned for exports through India Post 12.5.2018 General News
The Customs Department is planning to introduce new simplified procedures for exports through India Post to cater to the small and medium enterprises, the government said on Saturday.
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Industries start evincing interest in defence sector 12.5.2018 Hindu: Diet & Nutrition
Exhibitions related to the defence sector held in Chennai and Coimbatore in the recent months seem to have triggered interest among the industries he
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Customs and Postal Department hold First ever Joint Conference to deliberate on streamlining imports and exports by post 12.5.2018 General News
Imports and exports by post are the 6th highest cited citizen grievances under CPGRAMs. Customs and Directorate General of Foreign Trade (DGFT) have worked together since a year to liberalise, reform and align laws relating to imports by Post. Since 2016, e-Commerce exports had been allowed through FPOs under MEIS incentives from the post offices at Chennai, Mumbai & Delhi. Now, Customs may be leading the reform race by permitting e-commerce exports through all FPOs, though without MEIS benefits for now. One of the major bottlenecks in the Postal System is the absence of Professional Logistics Companies which can facilitate SMEs going global through online presence and leaving postal logistics to third parties. In order to cater to the SMEs and what may come as a major boost to the Make in India program, Customs are proposing new simplified procedures for exports through India Post. In a progressive move, Amazon and DHL had been invited for making presentations on ...
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Indostar Capital Finance IPO subscribed 6.80 times 12.5.2018 General News
Receives bids for 15.36 crore shares
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Soon, all foreign post office to facilitate e-commerce exports: FinMin 12.5.2018 Latest News
The customs department is planning simplified procedures for exports by India Post, including permitting e-commerce shipments through all foreign post offices, the finance ministry said today. Since 2016, e-commerce exports had been allowed through Foreign Post Offices (FPOs) under MEIS (Merchandise Export from India Scheme) incentives from the post offices at Chennai, Mumbai & Delhi. "Now, customs may be leading the reform race by permitting e-commerce exports through all FPOs, though without MEIS benefits for now," an official statement said. With imports and exports by Post being the sixth highest cited citizen grievances under CPGRAMs, the customs department and Directorate General of Foreign Trade (DGFT) have been working together for last one year to liberalise, reform and align laws relating to imports by it. "In order to cater to the SMEs and what may come as a major boost to the Make in India programme, customs are proposing new simplified procedures for exports through ..
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E-commerce exports via all foreign post offices soon: FinMin 12.5.2018 General News
The customs department is planning simplified procedures for exports by India Post, including permitting e-commerce shipments through all foreign post offices, the finance ministry said today. Since 2016, e-commerce exports had been allowed through Foreign Post Offices (FPOs) under MEIS (Merchandise Export from India Scheme) incentives from the post offices at Chennai, Mumbai & Delhi. "Now, customs may be leading the reform race by permitting e-commerce exports through all FPOs, though without MEIS benefits for now," an official statement said. With imports and exports by Post being the sixth highest cited citizen grievances under CPGRAMs, the customs department and Directorate General of Foreign Trade (DGFT) have been working together for last one year to liberalise, reform and align laws relating to imports by it. "In order to cater to the SMEs and what may come as a major boost to the Make in India programme, customs are proposing new simplified procedures for exports through ..
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Customs and Postal Department hold First ever Joint Conference to deliberate on streamlining imports and exports by post; To cater to the SMEs and to boost the Make in India program, Customs Department proposes new simplified procedures for exports through India Post. 12.5.2018 Govt of india: PIB
Indian Customs and Department of India Posts held a First ever Joint Conference at Vigyan Bhavan in New Delhi yesterday to deliberate on streamlining of? imports and exports by post. Commissioners of Customs from all the States having Foreign Post Offices (FPOs) were present along with their counterpart Post Master Generals.
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Banks must understand jewellery sector before funding: Prabhu 11.5.2018 General News
With the gems and jewellery industry being a major source of employment creation, there is a need to have a banking system which understands the sector and supports its growth, without taking any undue risk, commerce and industry minister Suresh Prabhu said. He urged banks to have proper risk-mitigation mechanisms in place to avoid any potential frauds. "Gold, gems and jewellery and diamond give huge employment opportunities in India. We will like to have a banking system that understands the business properly. Banks should not take any undue risk which are not understandable and quantifiable," Prabhu said at an event organised by the Gems and Jewellery Export Promotion Council (GJEPC)here today. The gems and jewellery sector is facing funding issues after the Reserve Bank of India in March banned the issuance of letters of undertaking (LoUs) and letters of comfort (LoCs), used extensively for trade finance, following the Rs 13,000-crore PNB scam involving diamantaire ...
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Indostar Capital Finance IPO fully subscribed 11.5.2018 General News
Receives bids for 15.11 crore shares till 17:15 IST
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Walmart-Flipkart deal will destroy Indian SME sector: CPI (M) 11.5.2018 Sify Finance
[India], May 10 (ANI): Following the announcement of American retail major Walmart's acquisition of 77 percent stake in Flipkart, the Communist Party of India (Marxist) or CPI (M) opined that the
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Lenovo unveils V-Series laptops for SMEs 11.5.2018 DNA: Evolutions
Lenovo, a global PC and smart devices brand on Thursday unveiled the new V-series laptops for small and medium enterprises (SMEs) and start-ups.
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BluSapphire sets up ATRC, SOC in Hyderabad 10.5.2018 General News
Artificial Intelligence and Machine Learning cyber security tools developer BluSapphire on Thursday announced the opening of its Advanced Threat Research Centre (ATRC) and Security Operations Centre (SOC) here.
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Walmart-Flipkart deal will destroy Indian SME sector: CPI (M) 10.5.2018 General News
Following the announcement of American retail major Walmart's acquisition of 77 percent stake in Flipkart, the Communist Party of India (Marxist) or CPI (M) opined that the deal would have a detrimental impact on the small and medium enterprise sector (SME) in India.In a press statement released by the party on Thursday, the Polit Bureau of the CPI (M) demanded that the deal be prohibited."It is common knowledge that Walmart sources its products from international markets. These will now be sold in India, further destroying the small and medium scale sector, which is the largest provider of employment, after the agricultural sector," the statement noted.On Wednesday, Walmart announced that it would acquire 77 percent stake in the Indian e-commerce major.This, the CPI (M) said, would facilitate the backdoor entry of foreign capital to take over India's multi-crore retail trade sector."The proposal to allow FDI in India's multi-brand retail sector was stoutly opposed by the Left ...
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A huge bunch of promises 10.5.2018 Hindu: Medicine & Research
A look at the Hyderabad Karnataka regional manifesto released by Congress ahead of Assembly elections
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Indostar Capital Finance IPO subscribed 0.69 times 10.5.2018 General News
Receives bids for 1.55 crore shares
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Lenovo launches V-Series laptop for SMEs, startups in India 10.5.2018 General News
Chinese technology major Lenovo on Thursday launched a new V-series laptop "V330" for small and medium enterprises (SMEs) and start-ups with prices starting from Rs 48,000.
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Italy earmarks 6 mn euros to help develop southeastern Mediterranean region 10.5.2018 General News
Rome, May 10 (IANS/AKI) Italy's Finance Ministry is investing six million euros in European Bank for Reconstruction and Development projects to promote economic inclusion in the southern and eastern Mediterranean region, the EBRD announced on Wednesday.
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Indostar Capital Finance IPO subscribed 0.41 times 9.5.2018 General News
Receives bids for 91.83 lakh shares
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