Page 4 - Smes

Aditya Birla Finance set to raise Rs 5,000 crore through debentures

The entity expects to increase share of SMEs and the retail segment to 65 per cent from 60 per cent in December 2020.

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

Ugro Capital launches 'Gro Micro', aims to support 50,000 small biz by 2022

The company has a net disbursement target of Rs 2,500 crore for 2021-22

Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4

In December quarter, its disbursements grew 6.4 per cent year-on-year to Rs 6,197 crore from Rs 5,822 crore in the year-ago quarter

Manufacturing startup Zetwerk raises $120 mn to scale global operations

Its global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia

SMEs, real estate to drive asset quality deterioration in India, China: S&P

Emerging markets face slippage, volatile capital flow risks

Sequoia-backed Drip Capital finances over $1 bn cross-border trade

As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters

Market flush with IPO but small firms struggled to raise capital in 2020

Number of SME issues dropped from 51 in 2019 to 27; amount raised by small companies fell 74.5% to Rs 159.1 crore

Federal Bank: Ripe for re-rating despite guidance in run-rate of slippages

Strong growth is expected to counter the likely asset quality issues

Regaining investors confidence remains an uphill task for YES Bank

Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring

Startups, SMEs most vulnerable segment in India to cyberattacks: Report

The eBook not only reveals key findings of cybersecurity vulnerabilities in the Indian startup & SME ecosystem but also recommends best practices to avoid the same

How City Union Bank, Federal Bank have sustained investor interest

With gains of 7 - 10 per cent since September 24, both stocks have been an outlier among peers

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI

The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week

S&P affirms India's "BBB-" rating with stable outlook; weak points flagged

Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income

Japan's MonotaRO invests $15 mn in joint venture with Industrybuying.com

MonotaRO will own 51.6 per cent stake in the JV, IB monotaRO Pvt Ltd, while the rest will be held by Emtex Engineering Pvt Ltd

Facebook ties up with Matrix Partners India to scale early-stage SMBs

The ''Boost with Facebook'' program went virtual in May reaching out to 4X more people than in an in-person event

RBI debt restructuring scheme to benefit resilient sectors more: Crisil

Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed

Doubling priority lending for renewables to help only small installations

Industry players say cap is inadequate to meet funding requirements of planned mega projects

Top headlines: Q1 earnings shrink, telcos await SC verdict on AGR and more

From auto firms planning new launches for festive season, Rajnath Singh banning import of defence items to telcos awaiting SC response of AGR dues, here are the top ness of the day

SMEs destroyed, firms under stress; had warned of economic tsunami: Rahul

In a tweet, Gandhi also claimed that banks are in distress and attacked the BJP for ridiculing him for highlighting the issue of NPAs a few months ago