Category: Medium Enterprise
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How demonetisation has hit small traders hard
By Amiya Kumar Kushwaha, New Delhi, (IANS) : Demonetisation has hit hard the mostly cash-based retail businesses in India, witnessing an estimated sharp plunge of 25 per cent since the government banned 500 and 1,000 rupee currency notes, according to traders. The Confederation of All India Traders (CAIT) – one of the largest trade associations in…
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Greater engagement with Japanese industries will benefit Indian MSMEs: Modi
Kobe (Japan), (IANS) : Prime Minister Narendra Modi on Saturday said that greater participation and engagement of industries in Japan will benefit India’s micro, small and medium enterprises (MSME) sector. “Greater participation and engagement of industries in Hyogo (prefecture of Japan) will benefit Japan and India’s MSME sector for which it could prove transformational,” Modi…
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Kerala targets Middle East IT markets
Thiruvananthapuram, (IANS) : The Kerala government will devise a new strategy to support small and medium IT companies in the state to tap into the Middle East markets more effectively, a senior IT official said on Wednesday. For this the government along with the industry body, Group of Technology Companies (GTech), is mulling over funds…
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Microsoft ‘Dynamics 365’ available in India from November 1
New Delhi, (IANS) : Microsoft on Friday announced new Cloud service “Dynamics 365” that will help enterprises and small and medium businesses (SMBs) in India transform their enterprises with intelligent applications. Powered by advanced analytics and machine learning, “Dynamics 365” will be available to customers in more than 135 markets in over 40 languages, beginning…
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Banks not understanding SMEs’ problems from high rates: Sitharaman
New Delhi, (IANS) : Commerce Minister Nirmala Sitharaman said on Sunday that banks were not fully understanding the problems faced by micro, small and medium enterprises (MSMEs), whose performance has been affected for long by high interest rates. Replying to tweets on the issue saying it is for the industries to manage their funds, while…
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319 garment factories to shut down in Bangladesh
Dhaka (IANS) Bangladesh authorities announced that 319 garment factories, unable to cope with global competition, are going to shut down. “It is a matter of concern that 618 factories shut down in past three years after their productivities dropped due to various reasons. Now 319 more factories are also going to close down,” Bangladesh Garment…
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Kejriwal asks CMs to oppose excise duty on jewellery
New Delhi : (IANS) Delhi Chief Minister Arvind Kejriwal on Saturday urged the chief ministers of all states to oppose the central government’s proposal to levy excise duty on non-silver jewellery. “I wrote to prime minister a few days back seeking roll back of excise on jewellers. Today, I wrote letters to all chief ministers…
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Budget hotels boosting online booking: Google report
New Delhi : (IANS) Branded budget hotel chains in domestic hotel industry are driving the growth of hotel bookings online, revealed a report by Google India compiled by looking at the search trends for both domestic and international travel sector for the upcoming holiday season. The report further revealed that Internet users in the country…
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Jewellery export council seeks withdrawal of excise tax
Jaipur : (IANS) With jewellers across the country on strike sinch March 2 on imposition of excise tax on jewellery, the Gems and Jewellery Export Promotion Council (GJEPC) on Friday urged the central government to withdraw the measure. The apex body of the gems and jewellery industry which presently represents over 6,000 exporters in the…
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75 percent of cigarettes sold loose in India, says study
By Vishal Gulati Shimla:(IANS) Nearly 75 percent of all cigarettes in India are sold as single sticks valued at close to 30 percent of the Rs.35,000 crore (over $5 billion) Indian market, an international journal says. The sale of single cigarettes, which is not in the interest of public health, is an important factor for…