Page 4 - Sme Companies

FedEx ties up with Invest India for SMEs growth by providing global access

Express transportation firm FedEx on Monday said it has collaborated with Invest India to boost the growth of domestic small businesses by providing them with access to global markets, capacity building, and branding opportunities to support the central government's 'One District-One Product' (ODOP) initiative. FedEx said it will leverage its global network and logistics expertise to empower SMEs to access international markets and streamline shipping processes. The company said it aims to enhance brand visibility and product quality for artisans by leading webinars, workshops, and on-ground events in association with Invest India, enabling SMEs to showcase their unique products from India's diverse districts to international buyers. Collaborating with Invest India, FedEx will integrate ODOP clusters into its SME Connect platform to promote knowledge sharing and practical training for small businesses, it said. The One District One Product aims to promote a unique product from each

SME, microfinance stress to add pressure on IIFL's asset quality: Fitch

Affirms IIFL Finance's long-term rating; removes from rating watch negative

Listed SME capital expenditure growing faster than larger players

The concluding part of the series looks at investment sentiment among listed SME companies

Decreased leverage: Debt/equity for listed SMEs at lowest in years

Part-II of the series examines the improving balance sheets of SME-listed companies and their relatively conservative approach to debt after Covid-19

CRISIL SME Tracker: Uptick in output volume to benefit auto component SMEs

Among the segment drivers, the replacement market is expected to clock 6-8 per cent on-year growth, following 7 per cent rise last financial year

Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024

Ample domestic liquidity and encouraging post-listing performance have driven this year's IPO success

SMEs' operating cash flow fell 69% in FY24; sales and profits outperformed

Amid increased scrutiny of price action in the SME segment by regulators and investors alike, a looks at their fundamentals in a three-part series. Part-1 examines sharp decline in operating cash flow

Market Today: TCS Q2 nos, NSE weekly options changes, Oil gains, Israel war

At 6:30 AM, GIFT Nifty Futures were trading 39 points lower at 25,079 levels, indicating a weak start for the Indian bourses.

Traders must classify imports of lab chemicals under appropriate heads

In an Ex-W contract, the obligation of the seller is to make the goods available at the named place and give notice to the seller. The obligation of the seller is to take delivery at the named place

India SME Forum launches 'Start Exporting in Eight Weeks' programme

India SME Forum (ISF), a not-for-profit organisation for Small and Medium Enterprises (SMEs), launched a programme on Saturday titled "Start Exporting in Eight Weeks", to work with e-commerce export leaders like Amazon towards promoting 'Make in India' products. Launched under ISF's flagship initiative IndiaXports', the programme was announced by Minister of State for MSME Shobha Karandlaje at the Business Beyond Borders 2024 Conference in presence of MSMEs and industry leaders. In a statement, the NGO said the innovative "Start Exporting in Eight Weeks" programme is designed to enable Indian MSMEs to access global markets and boost exports within just eight weeks. It will offer comprehensive guidance, resources and networking opportunities free of cost to MSMEs aspiring to explore international market opportunities and expand their reach. Speaking on the launch of the programme, Karandlaje said, "MSMEs play a crucial role in contributing to the vision of Viksit Bharat 2047, and the

Bourses call for better checks by merchant bankers on IPO-bound SMEs

Over 80 merchant bankers apprised about discrepancies, lack of background checks

Internship Scheme: Govt to list out 500 companies based on CSR spend

Scheme portal to go live by Sep-end

DBK Brand Rate applications to be filed with Customs at the place of export

Safeguard duty, countervailing duty on subsidized articles and anti-dumping duty are levied under Sections 8B, 9 and 9A respectively of the Customs Tariff Act, 1975

Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?

Prior to the public subscription period, Shree Tirupati Balajee IPO raised over Rs 50.90 crore from anchor investors.

Last day to bid for Mach Conferences SME IPO; check details here

Check out subscription status of Mach Conferences and Events SME IPO's, allotment, listing and other details

SBI aims for cashflow-based lending to SMEs, says chairman C S Setty

Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024

Chinese import of goods like umbrellas, toys hurting Indian MSMEs: GTRI

Increasing imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. "China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He said that these imports from China are "hurting" Indian MSMEs, as many of the imported products are also made by these local businesses. He noted that the cheaper Chinese goods make it tough for MSMEs to compete, leading to struggles for survival. "

Sebi cautions against 'unrealistic picture' painted by SME promoters

Cites recent findings on promoter misconduct and fictitious transactions to inflate price

Sebi cautions investors against SME companies doing price manipulation

Amid certain SME companies resorting to share price manipulation by projecting an unrealistic picture of their operations, Sebi on Wednesday cautioned investors against putting their money in scrips of such firms. Sebi, in a statement, said it has come to its notice that post-listing, some of the SME companies or their promoters have been making public announcements that create a positive picture of their operations. Such announcements are followed by various corporate actions like bonus issues, stock splits and preferential allotments. The actions create a positive sentiment amongst investors, which induces them to purchase such securities. Simultaneously, this also presents an easy opportunity to the promoters to offload their holdings in such companies at elevated prices. "Sebi urges investors to be careful and watchful of the aforesaid patterns and exercise caution while investing in such securities. Further, investors are advised to not rely on unverified social media posts and

Five most overbought SME IPOs of 2024 see 1100x demand amid frenzy

Bets exceed Rs 65,000 crore even as these firms looked to raise a cumulative Rs 60 crore