Gothengburg, May 18 (IANS) As Prime Minister Narendra Modi concluded his third leg of his successful Sweden visit during the five-nation tour, the Ministry of External Affairs (MEA) has listed six significant outcomes of the PM’s visit to the Nordic country before leaving for his next pit stop to Norway. The first outcome listed by the MEA is the “elevation of India-Sweden bilateral relations to a Strategic Partnership, that is, adoption of a Joint Statement and Joint Action Plan (2026-2030)” wh…
Latest SME News & Updates
New Delhi, May 8 (IANS): As Chair of BRICS in 2026, India is spearheading a renewed agenda for MSME (micro, small and medium enterprises) cooperation under the BRICS Partnership on the New Industrial Revolution (PartNIR).During India’s Chairship, the Ministry of MSME is mandated to convene three SME working group meetings and the inaugural BRICS MSME Forum.The first SME Working Group Meeting was successfully convened online on 24th April 2026 with a specialised focus on “Access to Finance fo…
New Delhi, April 19 (IANS) India’s banking sector remained resilient, supported by improved asset quality, strengthening capital buffers, robust retail and SME credit momentum, and early signs of revival in private capital expenditure, a survey showed on Sunday.The survey from FICCI and Indian Bank Association (IBA) said the banking sector maintains a broadly constructive outlook on credit growth over the near term, supported by improving balance sheets, steady economic activity, and sustained…
Mumbai, April 4 (IANS) HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank’s credit-deposit ratio elevated.The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.On a sequential basis, loan growth remained…
New Delhi, March 24 (IANS) India’s primary market has remained strong in the financial year 2025–26 so far, with record fundraising on the mainboard even as activity in the SME segment slowed slightly, according to NSE’s Market Pulse report for March 2026 on Tuesday.The mainboard IPO segment continued its strong performance during the year. Between April and February, as many as 99 companies launched their public issues, raising a total of Rs 1.65 lakh crore.This is higher than the previou…
Gandhinagar, Feb 13 (IANS) Gujarat and Zimbabwe discussed cooperation in the small and medium enterprise sector during a meeting between Chief Minister Bhupendra Patel and a Zimbabwean delegation in Gandhinagar on Friday.The delegation, led by Zimbabwe’s Ambassador to India, Nepal, Sri Lanka and Maldives, Stella Nkomo, and Deputy Minister for Industry and Commerce, Rajendra Kumar Modi, is visiting Gujarat to take part in the 12th Trade Show organised by the Saurashtra Trade and Industry Associ…
New Delhi, Jan 13 (IANS) India’s MSME sector is showing early signs of revival with nearly eight in ten firms reporting improved performance in recent months and 86 per cent expecting business growth in 2026, a report said on Tuesday.The report from an SME focused NBFC NeoGrowth found constructive optimism driven by strong festive sales, improved cash flow and GST 2.0 benefits.The study of over 2,000 MSMEs across over 25 cities found that over 71 per cent of MSMEs plan to expand shops or open …