From April through July, the SBA program distributed $20 billion in small-business grants of as much as $10,000. Most were funded with no human intervention based on the recommendation of a computer system.
Airbnb told its shareholders that it was splitting its privately held shares, which will lower its stock price per share ahead of the IPO.
Pine Labs has partnered 30 banks and NBFCs that have already run an analytics application on their debit card base to determine the extent of credit to be made available to every cardholder.
In YouTube posts and Telegram channels, professional scammers shared step-by-step tutorials describing how to defeat the SBA’s defenses.
FlexiLoans offers SMEs a lending solution which focuses on the three key aspects of technology, products and partnerships.
From launching small rockets of just 30-70 kg payloads to carrying 4,000 kg payloads to outer space, ISRO’s journey has been refreshingly audacious.
The companies and the hundreds of businesses in the area that serve them, from shops and restaurants to hairdressers and bakers, form an ecosystem that’s hanging by a thread. A deeper crisis awaits when government handouts keeping it afloat will disappear.
Pharmaceutical companies have often received flak for using harmful chemicals to produce drugs and antibiotics which not only possess a threat to the environment but also decrease yield. Cellzyme Biotech is redefining this narrative by implementing the green manufacturing process to develop enzymes.
The maximum amount of Guaranteed Emergency Credit Line (GECL) funding under the scheme was correspondingly increased from Rs 5 crore to Rs 10 crore.
The ministry said it is noticed that certain messages are being circulated in media and social media regarding issuance of appointment letter to the post of 'director' by the MSME Export Promotion Council.
The move comes even as Metro Cash & Carry is seeking to cut operating expenses in India and shifting focus to the kirana segment from the hospitality sector where hotels, restaurants and catering services were among its largest customers. The shift in strategy comes in the wake of the Covid-19 crisis.
Retail continues to be a people-centric business and it is critical for businesses to continue to engage their employee and consumer base through these tough times.
Additive manufacturing makes it possible to produce whole assemblies in one piece. Given the complicated geometries allowed, some of the parts in the assembly can be combined, resulting in a reduced number of parts.
In its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear the burden arising from such waiver of interest on interest, or compound interest, for the banks.
Small and medium businesses in India may have been slow to embrace technology ten years ago. But today, largely owing to the advances in digital applications — including high-speed wireless internet and wider use of smartphones — they have become willing converts.
Previously, Amazon India had also organised a 10-week 'Stand for Handmade' initiative in July this year to aid the revival of the businesses of these artisans and weavers.
The government’s Rs 3 lakh crore injection as liquidity was expected to help MSME’s float through the COVID-19 impact, but the sector faces a quintessential question of solvency, which will determine whether they want to remain in business or not.
Three key bills on labour reform were approved by India's upper house of parliament late on Wednesday, and will become law after receiving presidential approval. They were approved by the decision-making lower house on Tuesday.
About 42% of small business owners in India are confident that consumer spending will return over the upcoming festive season and help their businesses stay afloat, according to a survey conducted by American Express and market research firm YouGov India.
Industry experts also say the PM’s call to develop India into a toy hub and the commerce ministry’s move to make BIS certification compulsory after it raised import duty for toys in the budget are contradictory.