Flipkart co-founder Sachin Bansal has invested ₹150 crore in cab aggregator Ola. This is one of the first investments made
News
Myntra CEO Ananth Narayanan resigns
Amar Nagaram, a Flipkart executive, is now. likely to lead Myntra-Jabong
Prabhu asks states to set up nodal agency for implementation of agricultural export policy
The primary objective of the policy is upping India's agricultural exports from the present $30 billion to $100 billion in the near future.
MSME Ministry launches hub for SC/ST entrepreneurs
Procurements from MSMEs by CPSUs has been upped to 25 per cent from the 20 per cent it was earlier.
MSME non-performing loans remain flat over the past three quarters
NBFCs have not been negatively impacted much by MSME defaults, with gross NPLs remaining below 5 per cent.
FISME wants RBI to create revival scheme for stressed MSMEs
In their presentation to RBI Governor Shaktikanta Das (pic.), FISME asked for support to stressed MSMEs with exposure greater than ₹5 crores, among other measures.
Karnataka cuts down on MSME loans to ailing units
The state has been reducing loans to MSMEs since 2014, a move that has bewildered industry analysts.