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CORPORATE PAYMENTS TO MSMES
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
BHEL, SAIL at risk of losing Maharatna tagTwo major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet p...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
Stronger push for accountability: Evaluation tightened, faltering CPSEs to face strict penaltiesNew performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...
Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
Enterprise software company Zoho invests Rs 70 crore in ONDCZoho Corporation has invested Rs 70 crore in ONDC to bolster India's sovereign technology and empower MSMEs. This move aims to make digital...
Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
Cyberattacks surge across UAE amid Iran conflict, businesses face disruptions and rising risksCyberattacks are surging across UAE and Gulf. Financial services, government platforms, and utilities face a sustained wave of breaches. Cy...
Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...
Industry divided over 45-day payment rule ahead of Budget 2025Ahead of the Budget 2025, the industry remains divided over the 45-day payment rule for MSMEs. The government’s rule, aimed at improving ca...
Budget 2024: Govt may relax 45-day payment rule for MSMEsThe government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing op...
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar ChakrabortiTo help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakr...
How innovative solutions can help fix the Sec 43B conundrum for MSMEsThe amendment mandates adherence to payment deadlines of 45 days by the corporates to clear dues of MSMEs to avoid additional tax burdens.
Invoicemart finances MSME invoices worth $2 billionDigital transformation and adoption of invoice financing platforms like TReDS has helped MSME vendors to get early payments and bounce back...
TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed?TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years later, th...
CPSEs clear dues worth Rs 13,400 crore to MSMEs in last five months: GovtIt is mandatory for all CPSEs and the companies with turnover of more than Rs 500 crore to join this platform. However, many companies are ...
Government asks private sector to clear payments due to MSMEsThe ministry has also asked corporates to ensure that they are filing half-yearly returns as mandated by the Ministry of corporate affairs ...
The big owe: How do you fix Rs 5-lakh crore in dues? Strengthen TReDSTo tackle the humongous level of unpaid dues, the Trade Receivable Discounting System (TReDS), an online bill discounting platform, was mea...
CII poll finds Rs 1,819 crore of unpaid dues to MSME membersThe sample CII poll showed that about 32 per cent of the outstanding to MSMEs have been delayed for more than 2 years and about Rs 895 cror...