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CORONAVIRUS IMPACT ON SMES
300% increase in freight costs plague SMEsThe global shipping crisis, results from the uneven post-Covid economic recoveries of the world's largest importing and exporting countries.- Even NBFCs face asset quality risks amidst resurgence of COVID-19 infections"India's non-bank financial institutions (NBFI) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections...
- Post-COVID world order offers limitless opportunity for India: N ChandrasekaranSpeaking at the 93rd annual convention of industry Chamber FICCI, he also said that if the idea "that the 2020s belong to India" has to be ...
- Moody's downgrades IIFL Finance to B2 from B1, outlook stableThe ratings agency said the downgrade reflects its expectation that the company's asset quality and profitability will deteriorate as loan ...
- Monster.com partners with Nasscom for SME jobsThrough this partnership, Monster aims to support over 2,400 SMEs in meeting their talent requirements by offering its cutting-edge hiring ...
- Sahayta initiative aims to revive over 10,000 SMEs: Romesh WadhwaniThe Wadhwani foundation are trying to serve SMEs at different size levels because the nature of the consulting they need is somewhat differ...
- Room for more fiscal support in India in near term given severity of economic situation: IMFVitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, told that a complete and successful implementation o...
- Indian exchanges see just 4 IPOs in June quarter: EY IndiaAll the IPOs were in the Small and Medium Enterprises (SMEs) segment and the median deal size was $0.38 million.
- Instamojo launches InstaCash to solve the liquidity challenge for MSMEsThe company has also introduced mojoPlus which enables merchants to earn points on transactions and redeem it to avail discounts on Instamo...
- Pakistan admits disruption in CPEC due to Covid-19 outbreakThe report states that Pakistan’s plan to expeditiously build Special Economic Zones (SEZs) will also be thwarted or at least face delays a...
- Most SMEs have run out of cash: SurveyAbout 24% of respondents said they have cash reserves to sustain their businesses for the next one to three months, while 23% said they can...
- What we need now is enormous liquidity rather than rate cuts: Suresh GanapathyThe Head of financial services research at Macquarie is not worried about succession issue at HDFC Bank.
- Not all SMEs will survive the Covid-19 crisis, but what should an economic bailout package look like?This has been a particularly distressing time for small businesses and SMEs who stare at an uncertain future.
- India sees 10 IPOs in March quarter; median deal size just $1 millionSBI Cards and Payments' share sale alone accounted for $1.4 billion mop-up.
- Tax filing dates extended, business rules eased, ATM, bank charges waived off in Covid relief measures. Here are key announcements by Nirmala SitharamanThe FM announced that the Economic Task Force will soon announce an economic relief package.
- Covid-19 impact: FM Nirmala Sitharaman raises insolvency threshold of default to Rs 1 crore for MSMEsPreviously, a default of Rs 1 lakh alone was enough to initiate Corporate Insolvency Resolution Process (CIRP) against the said defaulters.
- India needs stimulus plan or it risks crippling small businesses: Industry bodiesMany economists have sharply lowered their India growth forecasts for the fiscal year through March and the next beginning April due to the...
- When is the Government going to respond? Businesses look for assistance as coronavirus starts hurtingWith their very existence at stake, many businesses are wondering what’s taking govt so long to provide a bailout.
- If things don’t worsen in 2 weeks, India will see a V-shaped recovery from April: JainIIFL Group Chairman Nirmal Jain says as these are extraordinary circumstances, it is natural and logical for RBI and the government to unde...
- Impact of Covid-19 will be felt more on SMEs: Sanjeev Prasad, Kotak Institutional EquitiesGlobal economies may feel the impact of Covid-19 for a longer period of time even if there is a decline in number of new cases, or a discov...
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