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Infosys ranked 74th most valuable global brand in Kantar BrandZ report

Infosys has secured a spot among the 100 most valuable brands in the world, according to Kantar, the Bengluru-headquartered IT services company said on Wednesday. In its annual 'BrandZ Most Valuable Global Brands' report, Infosys is ranked as the 74 most valuable brand in the world and ranked as the 20 most valuable global B2B (business to business) technology brand, according to a release. The Kantar BrandZ recognition is a validation of the client trust that Infosys has earned, and the relevance of its capabilities, especially in domains like enterprise AI where technologies like generative AI and cloud continue to evolve, the release added. **** CredAble raises Rs 3 crore from SIDBI * Fintech firm CredAble on Wednesday said it has raised Rs 3 crore in debt funding from SIDBI to scale up its operations and extend affordable financing solutions to MSMEs and women-led businesses in India. The funding from SIDBI will further accelerate the development of new market-leading financ

India-US CEO Forum working group launches knowledge-sharing platform

A working group of the India-US CEO Forum on Tuesday launched a bilateral knowledge-sharing platform. The group is focused on entrepreneurship, inclusive growth, and promoting small businesses. The platform was launched in partnership with United Services Institute (USI) and CyberPeace Foundation, during the dialogue on inclusive growth, unlocking trade, empowering Startups and MSMEs in the Digital Age at USI. The dialogue also saw the launch of Prakshepan, an innovation Hackathon, and Cybersecurity & AI Capacity Building and Skilling Workshops for MSMEs and startups. The workshops will focus on protecting MSMEs and startups from online threats, and provide these businesses with the knowledge and tools necessary to build resilient security structures. Subi Chaturvedi, Chief Corporate Affairs & Public Policy Officer, Global Senior Vice President, InMobi, and Sherpa, Working Group 7, said, "The dialogue and the knowledge-sharing platform will enhance the bilateral relationship ..

Limited interest, low recoveries: Prepack insolvency scheme in slow lane

In 2021 when the country was reeling from the Covid-19 pandemic, the government promulgated an ordinance and amended the insolvency law to help MSMEs avoid bankruptcy

Lok Sabha elections: Mumbai MSMEs clamour for government support

With the 2024 Lok Sabha Elections entering the fifth phase on May 20, the spotlight is on Mumbai's Thane-Bhiwandi-Kalyan region

Will end 'Inspector Raj' for all retailers: BJP's Chandni Chowk candidate

Khandelwal said that ensuring 'dignity' of the traders in his constituency will be his utmost priority

GST helped states earn 24% more than the old regime: FM Sitharaman

She praised the new tax system for being pro-poor and beneficial to 4.4 million small taxpayers and micro, small and medium enterprises (MSMEs)

MSMEs contribute 62% to employment in India: McKinsey Global Institute

MSMEs in India are only 26 per cent as productive as large companies, in other emerging economies it is 29 per cent

MSMEs protest 45-day payment rule, file appeal in apex court: Report

Small businesses say new orders from larger clients have declined after new regulation on timely payment

CRISIL SME Tracker: Equations getting better for chemicals MSMEs

Agrochemicals margins could normalise from the second quarter due to destocking of high-cost inventories

Centre decimated MSMEs across country, Aligarh is no exception, says Cong

Attacking Prime Minister Narendra Modi, the Congress on Monday alleged that the government has "decimated" MSMEs across the country and asked why is Aligarh's 100-yr old lock industry struggling under his dispensation. Congress general secretary Jairam Ramesh had posed questions to the prime minister ahead of his rally in Aligarh, and asked why has the BJP failed to deliver justice to the Hathras rape victim. Elaborating on what he said were "jumla details", Ramesh alleged that the decades-old lock industry in Aligarh has suffered under the Modi government. "This government has decimated MSMEs across the country, and Aligarh is no exception. When he campaigned in Aligarh in 2014, PM Modi had made small businesses the focus of his speech. Yet, 10 years later, Aligarh still does not have a government depot where lock makers can purchase raw materials at reasonable rates," he said. "Expensive and unreliable electricity supply is also a major issue, causing frequent delays in ...

UCB advances to priority sector up over 27% in FY23, shows RBI data

A majority of the advances of UCBs was given to MSMEs, amounting to Rs 1.3 trillion in FY23

Small businesses in Uttar Pradesh happy with GST; timely payments a concern

Apart from payment delays, the rising cost of raw materials was a worry for a brass and iron manufacturer in the city

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

45-day MSME payment rule: Impact and details of Section 43B(h) explained

Starting from April 1, companies are required to pay their suppliers registered as MSMEs within 15 days, or up to 45 days under an agreement

How to register MSME on Udyam portal? A step-by-step guide on procedure

Udyam registration is an electronic certification provided by the Indian government to MSMEs

Niti Aayog comes up with roadmap to boost exports from MSME sector

Niti Aayog has made a case for a single information portal for exporters to promote e-commerce exports and improve access to finance, especially for micro, small & medium enterprises (MSMEs). In a report titled 'Boosting Exports from MSMEs', the Aayog said India has several portals that help exporters access information, most of which offer incomplete or outdated information. "Therefore, creating a one-stop information data intelligence portal, using an Al-based interface will be essential to impart information to MSMEs," the report said, adding that this portal will answer all the queries of a potential exporter related to market tariffs, required paperwork, sources of finance, service providers, available incentives, and potential customers. The report also suggested introducing an annual financial reconciliation process for e-commerce exporters, exemption of import duties on rejects or returns, granting exemption on reconciliation requirements for shipments up to USD 1,000 and .

Pharma industry bodies welcome govt's technical upgradation scheme

Drug manufacturers with annual turnovers below Rs 500 crore will get the financial assistance in upgrading their facilities to meet global standards

L&T Finance Holdings inks pact with JICA for $125 million funding

The project is strategically aligned with the goals of the Ministry of Rural Development as it focuses on lending in rural and peri-urban areas of lagging Indian states

Walmart, IIT Madras partners to launch center for tech excellence for MSMEs

The center will focus on developing solutions to help MSMEs adopt Artificial Intelligence (AI) and digitization to enhance operational efficiency and profitability

Work on quality, live up to global standards: PM Modi tells MSMEs

Noting that the country viewed the future of Micro, Small and Medium Enterprises (MSMEs) as the future of the nation, Prime Minister Narendra Modi on Tuesday urged the sector to work on quality and durability and live up to global standards. For its part, the Centre was striving on multiple fronts to improve their resources from money to talent and initiatives like the PM Mudra Yojana and PM Vishwakarma Yojana were playing a huge role in this direction, he said. Further, the government has given an impetus to infrastructure development in India through the PM Gatishakti National Master Plan for providing multimodal connectivity infrastructure. "Today, the MSMEs have a huge opportunity to be part of the global supply chain. However, for this, our MSMEs have to work on its quality and durability. We need to work to live up to the global standards," the Prime Minister said at the launch of CII-TVS Mobility Centre of Excellence on Employment and Livelihood, held here. The "Creating the