SME News: 01 February 2010
SMEs sparkle with 25-fold increase in net profit
If India Inc’s big boys have come up with sterling numbers in the third quarter ended December 2009, their small and medium (SME) counterparts are not far…
Source: Business Standard
Stimulus exit will be dangerous for growth: Ficci
For SME sector, projects are not taking off in large numbers as interest rates are high, he further said. The Reserve Bank had said in its monetary review, …
Source:Business Standard
India and Bangladesh to conclude agreement on small enterprises
Minister of State for Micro, Small and Medium Enterprises Dinsha Patel is expected to visit Bangladesh during the month of March to …
Source:Oneindia
IT can bring value to SME business
NEW DELHI, INDIA: Small and Medium players are starving for IT & ITeS services in order to streamline their business operations. …
Source: CIOL
Task force keen on action plan for MSMEs
After receiving the report, Dr. Singh said India needed thriving, vibrant and strong enterprises in the micro, small and medium segment for all-round …
Source: The Hindu
Rising bad loans give banks a big headache
Small & medium enterprises accounted for Rs 371 crore in NPAs and and retail Rs 238 crore. ICICI Bank, which saw no growth in advances, added Rs 750 crore …
Source: mydigitalfc.com
India Inc disappointed at CRR hike
A Ficci statement said that small and medium entreprises (SMEs) are still borrowing at around 13 per cent, exports have contracted by nearly 20 per cent …
Source: Business Standard
India approves more outlay for SMEs
The CCEA approved the modifications in the guidelines of SMEs cluster programme, which will help enhance the sustainability, productivity and …
Source: I Government (blog)
India committed to support Zimbabwe’s economy
He said India had pledged close to USD 5 million to procure machinery for local small and medium enterprises (SMEs). Part of the money would be used to …
Source: Zee News
SEARCH ENGINES POISONING POSES THREATS TO SMALLER UNITS
“In India, while large enterprises demonstrate awareness of today’s information issues and are implementing more effective solutions to secure and manage their data, the biggest gaps are among SMEs,” said Vishal Dhupar, …
Source: http://ivyproschool.com
Don’t Underestimate India’s Consumers
The scale of China has always fascinated merchants. In 19th century England, spinning-mill owners were convinced they would reap profits beyond their dreams if they could just get every Chinese to buy…
Source: by John Lee
Project Management SoftwareGujarat SME IT firms on a roll
Gujarat SME IT firms on a roll. At a time when most of the IT hubs across India were facing a tough time and major players witnessed drastic fall in their margins during the financial crisis, small-scale IT companies in Gujarat ….
Source: http://projectmanagementsoftware.co.nz