'We do not know when we will get to the business-as-usual mode.' 'Many borrowers may not be able to pay up.' 'The incidence of cheque bouncing has doubled or even trebled, some lenders say,' says Tamal Bandyopadhyay.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Making significant contributions towards employment generation and rural industrialisation, SMEs have been successful in creating 1.3 million jobs a year and employing about 60 million people.
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
Concerned over sluggish growth and poor investment climate, Assocham President Rajkumar Dhoot met Planning Commission Deputy Chairman Montek Singh Ahluwalia on Thursday and demanded the controversial tax proposal GAAR be put in 'cold storage'.
The Finance Minister is slated to announce on Thursday the budget proposals for the next fiscal.
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
One of the most critical elements for India to reach its export targets is to boost broadband infrastructure in the country.
Indian firms mop up a meagre Rs 63 cr against Rs 247 cr raised in May.
Bajaj Finserv has few opportunities and challenges to overcome in 2015.
Private equity (PE) investments in India's SME sector dropped by 43 per cent to $134 million in 2012 (January to year till date) from $236 million in the corresponding period of 2011. The number of deals fell by 34 per cent during this period.
In order to augment funds for SMEs (Small and Medium Enterprises), Finance Minister Pranab Mukherjee, in the General Budget 2012-13 presented in Lok Sabha, has proposed to exempt capital gains tax on sale of a residential property, if the sale consideration is used for subscription in equity of a manufacturing SME company for purchase of new plant and machinery.
IDBI Bank's recent overseas money raising experience points to renewed interest in India.
Indian IT industry is all set to achieve its projected revenue target of $100 billion in 2011-12 and is projected to achieve revenues of $225 billion by 2020. This is an ambitious target that will require all the stakeholders in its eco-system to collectively innovate and catalyse growth.
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TAL Manufacturing Solutions expects its indigenously made affordable industrial robot, the Brabo, to boost the robotics vertical and contribute almost 40 per cent of its overall revenues in the next five years. Sohini Das reports.
Sustained dollar demand from importers and banks amid weakness in the equity market and the firming dollar overseas mainly affected the rupee value against the dollar, a forex dealer said.
Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.
Globally, the SME business is among the fifth and sixth positions for Adobe.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Gaurav Bhushan Sharma, an alumnus of IIM-Ahmedabad is a busy entrepreneur these days. His one year old start up C2B Consulting, which is primarily a crowd-sourced strategy consulting firm today employs young graduates and aims to cater to the SME (small to medium enterprises) segment of the market. On our request, he shares his journey and tells us how his life changed after one CAT exam.
Despite accounting for 40 per cent of manufactured goods exports and over 70 per cent of sectoral employment, SMEs have consistently been the Cinderella of the Indian economy.
TCS is stepping into an unchartered territory by targeting the small and medium enterprises.
While Prime Minister Modi grapples with serious matters of State so very successfully, may I urge that he focus just a bit of attention on the economy, says Manoj Mohanka.
Higher provisioning drags net profit down by 7.8 per cent.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
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Sandberg is also expected to meet developers at the company's headquarters in Hyderabad.
Qatar's Doha Bank has said it is keen to engage Indian IT major Wipro to provide software solutions to improve its e-commerce and Small and Medium Enterprises (SME) systems, among others.
The apex body representing Indian IT industry, Nasscom, on Wednesday said that small and medium enterprises (SMEs) would drive growth in the sector and help India maintain its lead globally.
Hewlett Packard has lost its personal computer market leadership in India for two reasons: Dell's focus on the retail and SME segments has started paying off and its new distribution strategy is going through initial troubles.
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'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
A small firm with a track record of distributable profit for at least three out of the immediately preceding five years may be eligible for the listing.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
The Singur fiasco, and the recent Vedic Village mishap, have created a negative image for the state, said Kevin Mc Cole, chief operating officer, UK India Business Council.
"The Securities and Exchange Board of India is working on the concept paper on SME exchanges. It may soon release the guidelines," Minister of State for Micro, Small and Medium Enterprises Dinsha Patel said at a seminar jointly organised by MCX-SX and the Society for Capital Market Research and Development in New Delhi on Tuesday.
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