Small Business
Aatmanirbhar Bharat: FM Sitharaman assures SC, ST MSMEs to address issues regarding relief package
Fri, May 29, 2020
Aatmanirbhar Bharat: In a bid to strengthen 'Aatmanirbhar Bharat Abhiyan' post Coronavirus lockdown, Nirmala Sitharaman has said that Centre will address issues of SC-ST entrepreneurs regarding relief package announced earlier this month.
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600 Indian employees sacked by Uber cabs due to COVID19 impact
Tue, May 26, 2020
The coronavirus crisis continues to make life difficult for start-ups in India with several of them forced to sack employees in huge numbers. The latest to do so is Uber India, which has let go off 600 employees in the country or about 25 per cent of its workforce.
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Canara Bank releases emergency loan facilities for MSMEs during lockdown
Sat, May 23, 2020
Canara Bank Emergency Loan: In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced `CANARA CREDIT SUPPORT` for all of their borrowers who have been affected by COVID-19.
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Coronavirus bites Indian startups: Now, Ola fires 1400 people, calls it toughest decision
Wed, May 20, 2020
The coronavirus crisis has hit the Indian startups hard with several of them being forced to lay off their employees. Zomato and Swiggy have already announced that they will let go off a major part of their workforce. Now, Ola has joined the list with cab aggregator announcing that it will let go of 1400 employees due to COVID-19 impact.
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Gautam Gambhir backed tech health solution to help companies test employees daily for COVID-19
Tue, May 19, 2020
A new community health monitoring solution will help enterprises in India to test their employees for COVID-19 on a daily basis and the precautionary measures accordingly. Backed by former team India batsman and current Lok Sabha member Gautam Gambhir, the solution was launched in India on Monday.
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Investors pour billions into automated delivery startups - Waymo, AutoX, Boxbot to Gatik
Tue, May 19, 2020
Since September, investors have pumped at least $6 billion into more than two dozen startups that are automating delivery of goods and food, from heavy trucks to sidewalk robots and drones. Using the sources from PitchBook and Reuters analysis, here are some among them. Photo: Reuters
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On payments due to MSMEs, Ministry of Finance tells CPSEs to make sure regular payments are cleared expeditiously
Fri, May 15, 2020
The Ministry of Finance has been monitoring, on a monthly basis, the performance of the 32 top Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to review their capital expenditure.
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Will FM Nirmala Sitharaman’s relief package for MSMEs work? Check what experts said
Thu, May 14, 2020
The government on Wednesday evening announced a mega relief package of Rs 6 lakh crore comprising Rs 3 lakh crore of collateral-free loans for small businesses and a Rs 30,000 crore lifeline to non-bank and housing finance companies as part of measures to help the economy tide over disruptions caused by the coronavirus lockdown.
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FM Nirmala Sitharaman announces Rs 3 lakh cr collateral free loan for select MSMEs
Wed, May 13, 2020
A day after PM Narendra Modi laid out his vision to get the Indian economy back on track after Coronavirus enforced lockdown, Finance Minister Nirmala Sitharaman announced a number of measures for small and medium enterprises today evening, providing some relief during the ongoing crisis.
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Unacademy data breach: Hacker allegedly steals data of 2.2 cr users, sells it on dark web
Fri, May 08, 2020
Online learning platform Unacademy is the latest victim of data breach in India with around 2.2 crore users suffering a major loss recently. A hacker was able to obtain the database of Unacademy users and has started selling them on the dark Web for $2,000 (roughly Rs. 1,51,800), according to US-based cybersecurity firm Cyble.
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Ratan Tata invests in Mumbai based startup led by an 18-year-old that sells cheap medicines
Fri, May 08, 2020
Ratan Tata is known for backing youngsters and investing in new businesses. In his latest move, the business tycoon has picked up a stake in a a Mumbai based pharmacy retail chain called Generic Aadhar.
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Kudos! This Indore driver is providing free rides to hospital during COVID19 lockdown
Thu, Apr 30, 2020
The ongoing lockdown in the wake of coronavirus has brought the entire country together, with people from different walks of life coming together to help those in need. In these difficult times, an Indore-based driver has stepped up to extend a helping hand to those in need.
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