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06/06/2024

Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions.
Read more: https://smeenews.com/.../rbis-rate-cut-postponement.../

06/06/2024

The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point.
Read more: https://smeenews.com/2024/06/03/cautious-fpis-and-confident-retail-investors-gear-up-for-market-clash-next-week/

06/06/2024

In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the RBI’s latest credit deployment data.
Read more: https://smeenews.com/2024/06/03/growth-in-banks-non-food-credit-slows-down-to-19-in-april-sharp-decline-in-nbfc-loan-growth-to-about-15/

06/06/2024

Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors.
Read more: https://smeenews.com/2024/06/03/vedanta-targets-6-billion-ebitda-in-fy25-affirms-profit-goal-expectations/

06/06/2024

Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility.
Read more: https://smeenews.com/2024/06/03/fiscal-deficit-for-fy24-surpasses-estimates-at-5-6-substantial-reduction-in-subsidies/

06/06/2024

New standards have led to increased production in electronics, toys, and textiles.
Read more: https://smeenews.com/2024/06/03/study-reveals-product-quality-regulations-boost-domestic-manufacturing/

05/06/2024

April’s core sector output has seen a notable rise of 6.2%, up from 6% in March, primarily driven by significant growth in the natural gas, refinery products, coal, steel, and electricity sectors.
Read more: https://smeenews.com/2024/06/03/april-sees-a-surge-in-core-sector-output-with-a-6-2-increase/

05/06/2024

The demand for investments has hit the lowest mark in the past four quarters, and consumer spending continues to be lackluster.
Read more: https://smeenews.com/2024/06/03/downtrend-in-investment-demand-and-stagnant-consumer-spending/

05/06/2024

As Borussia Dortmund gears up for the ultimate test in Saturday’s Champions League final, they face a Real Madrid team brimming with stars and the anticipation of claiming their 15th European championship at Wembley
Read more: https://smeenews.com/2024/06/03/energized-performance-core-sector-expands-by-6-2-in-april/

05/06/2024

Mumbai’s real estate market has sustained its streak of breaking records, achieving unprecedented performance in May, propelled by vigorous sales and strong demand, notwithstanding the hike in mortgage interest rates and property values.
Read more: https://smeenews.com/2024/06/03/mumbais-real-estate-sector-hits-new-heights-for-10th-consecutive-month/

05/06/2024

The Department of Telecommunications (DoT) is exploring the deployment of drones and tethered balloons to re-establish 5G services in the wake of emergencies and natural disasters that disrupt standard telecommunications.
Read more: https://smeenews.com/2024/06/01/emergency-connectivity-solutions-5g-restoration-via-drones-and-balloons/

05/06/2024

India’s economic growth accelerated to 8.2% in the fiscal year 2024, propelled by a stronger-than-anticipated 7.8% increase in the March quarter, primarily driven by solid manufacturing performance.
Read More: https://smeenews.com/2024/06/01/indias-economic-growth-reaches-8-2-in-fy24-with-q4-expansion-at-7-8/

05/06/2024

India’s foreign exchange reserves have seen a reduction of $2 billion, bringing the total down to $646.67 billion as of May 24, according to the Reserve Bank of India’s recent Friday report.
Read More: https://smeenews.com/2024/06/01/indias-forex-reserves-decline-by-2-billion/

05/06/2024

S&P Global Ratings raised India’s sovereign rating outlook to ‘positive’ from ‘stable’ while retaining the rating at ‘BBB-’, saying that the country’s robust economic expansion was having a constructive impact on its credit metrics and growth momentum over the next two to three years.
Read More: https://smeenews.com/2024/05/31/sp-upgrades-outlook-on-indias-sovereign-rating-to-positive/

05/06/2024

The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities.
Read More: https://smeenews.com/2024/05/31/cash-deposit-limit-in-saving-account-as-per-income-tax-act/

05/06/2024

Audi has introduced the Q7 Bold Edition in India, with a price tag of Rs 97.84 lakh (ex-showroom). Following the recent launch of the Q3 Bold Edition, the limitedrun Q7 variant is now available in four additional exterior colors: Glacier White, Mythos Black, Navarra Blue, and Samurai Grey.
Read More: https://smeenews.com/2024/05/29/audi-india-launches-q7-bold-edition-at-rs-97-84l/

05/06/2024

Mr. Chandrakant Salunkhe: Presents Crucial Suggestions and Grievances to Financial Services Leadership in New Delhi
Read More: www.smeenews.com

05/06/2024

The income tax department has notified the cost inflation index (CII) for FY25, relevant to assessment year 2025-26, at 363, which is higher than 348 for FY24, and 331 for FY23.
Read More: https://smeenews.com/2024/05/30/cost-inflation-index-for-fy25-higher-than-last-fiscals/

05/06/2024

Over 1500+ customers covering 3500+ pin codes across 49 cities in India through 16 Air and Ground Hubs

Gurugram, 28 May 2024 – MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, marks its two-year anniversary of facilitating movement of goods for businesses in India.
Read More: https://smeenews.com/2024/05/28/movin-a-ups-and-interglobe-logistics-brand-marks-two-years-of-empowering-indian-businesses-with-seamless-logistics-solutions/

05/06/2024

India has signed a historic agreement with Iran to develop the Chabahar Port. Under this agreement, India will invest $120 million in the development and operation of the Shahid Beheshti Terminal at Chabahar Port, along with $250 million to be sourced through debt financing.
Read More: https://smeenews.com/2024/05/29/chabahar-port-why-is-it-a-game-changer-for-india/

05/06/2024

y sequencing an enormous amount of data, a group of hundreds of researchers has gained new insights into how flowers evolved on Earth.

Almost every plant we eat has a flower, and flowering plants populate every corner of the planet. But many questions remain about how and when this vast group emerged throughout the history of life on Earth.
Read More: https://smeenews.com/2024/05/29/a-new-tree-of-flowering-plants-for-spring-groundbreaking/

05/06/2024

Commerce ministry’s draft strategy to negotiate future FTAs to be circulated among key departments soon
Read more: https://smeenews.com/2024/05/29/commerce-ministrys-draft-strategy-to-negotiate-future-ftas-to-be-circulated-among-key-departments-soon/

05/06/2024

Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations had met Mr. Rajesh Kumar Singh IAS, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India and Chairman, National Industrial Corridor Development Corporation Limited (NICDC) to present suggestions and Grievances pertaining to SME sector and presented Activity Report of the Chamber on 29th May 2024 at New Delhi
Read More: www.smeenews.com

05/06/2024

India to be $1 trillion digital economy by FY28: IT minister Rajeev Chandrasekhar
Read more: https://smeenews.com/2024/05/29/indian-digital-economy-growing-at-2-8-will-reach-1-trn-by-fy28-it-min/

29/05/2024

A credit card is a system in which every month, the purchases you make within a certain time frame are added up and then you are billed. To make everything run smoothly, you need to pay that bill before a specific date called the due date. This keeps your credit in good standing and helps you avoid late fees and other penalties.
Read More: https://smeenews.com/.../credit-card-rules-big-news-rbi.../

29/05/2024

According to estimates a whopping Rs 10.7 lakh crores – is locked up in delayed payments from buyers to suppliers in the Indian economy – an estimated 7.8 per cent of the GDP, with 80 per cent of this estimated amount owed to micro and small enterprises, totalling Rs 8.55 lakh crore.
Read More: https://smeenews.com/2024/05/28/delayed-payments-to-micro-and-small-enterprises-a-solution/

29/05/2024

In today’s post-pandemic world, remote work has become increasingly popular among professionals. Besides flexibility, this option also allows people to pursue their dream of travelling and experiencing new cultures, while managing their careers. In 2020, Estonia became the first country to introduce the digital nomad visa for remote workers.
Read More: https://smeenews.com/.../indian-passport-holders-good.../

21/05/2024

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters, who give his economic policies low marks.

Read More: https://smeenews.com/2024/05/17/biden-slaps-higher-tariffs-on-chinese-ev-batteries-chips/

21/05/2024

Public sector banks’ cumulative profit crossed ₹1.4 lakh crore in the financial year ended March 2024, recording a growth of 35% over the previous year on a high base of ₹1 lakh crore

Read More: https://smeenews.com/2024/05/17/psbs-net-profit-crosses-%e2%82%b91-4-lakh-crore-in-fy24/

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21/05/2024

Wholesale inflation rose to a 13-month high of 1.26% in April compared with 0.53% in the previous month, as food inflation went up further and fuel and power prices increased on a year-on-year basis after a gap of 11 months.

Read More: https://smeenews.com/2024/05/16/wholesale-inflation-rises-to-13-mth-high-of-1-26-in-apr/

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