The Union Cabinet has announced the approval of provisioning of Rs 20,000 crore as subordinate debt to provide equity support to stressed MSMEs. Meghna Suryakumar, founder & CEO, Crediwatch, underscores how small businesses are set to benefit: New definition for MSMEs: As per the new regulation, the new categorisation of investment of Rs 1 crore
Covid-19 pandemic and the nationwide lockdown have disrupted the way people work. So, how does the situation augur for enterprises when it comes to the human resources (HR) function? Subramanyam S, CEO at Ascent HR, a Bengaluru-based firm that provides HR automation, payroll & compliance and corporate compliance management services to companies “as large as
The Micro, Small & Medium Enterprises (MSME) sector is the backbone of the country’s economy. The sector contributes 29% of the GDP, 50% of export and employ 11.10 crore people of India. What will be the financial implications of the coronavirus disease (COVID-19) on the vital sector, and how is the MSME-focused Prest Loans placed
Merchants in India will enjoy simplified payment acceptance from multiples devices, channels & payment modes International e-commerce company Shopmatic has inked a strategic partnership with India’s leading online payment solutions provider PayU. This partnership is meant to provide Shopmatic merchants with another option to accept payments from customers when they sell their products. This integration
Chennai-based Facilio provides Artificial Intelligence (AI), and the Internet of Things (IoT) based real-time optimisation software that helps commercial real estate (CRE) owners and facility managers (FM) achieve operational efficiency and sustainability in one platform. “The advantages we offer in everyday operations translate into more viable business operations and enhanced bottomlines for all state-of-the-art real
This SaaS solution helps mom-and-pop shops and MSMEs launch mobile apps for upping their game in the digital age Hyderabad-based startup ONGO Framework is enabling micro, small and medium enterprises (MSMEs) to launch mobile apps in just 60 minutes. The B2B IT company’s digital solution has helped enterprises transform digitally and compete more effectively in
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