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CAIT demands deferment of IT Act clause related to MSMEs

The clause in the Income Tax Act added through the Finance Act 2023 is aimed at addressing the issue of working capital scarcity in the MSME industry and promoting prompt payments to micro and small businessesNew Delhi: Representatives of...

Indiamart is a conversational commerce hub, thanks to early adoption of AI/ML: Dinesh Gulati, COO

Dinesh Gulati, Indiamart's chief operating officer (COO) sheds light on the B2B marketplace’s evolving business model, the nearly three-decade-long journey of adoption and long-term visionNew Delhi: When it started in the 1990s, Indiamart opened up the world to Indian...

Ikea looks at next round investment in India after fulfilling Rs 10,500 crore promise

Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and NoidaNew Delhi: Swedish furniture retailer IKEA is looking at the...

Interim budget to support growth, enhance investors’ sentiment: Industry captains

The banking sector and microfinance institutions also hailed the interim budget presented by Union Finance Minister Nirmala Sitharaman in Parliament on ThursdayNew Delhi: Several industry captains on Thursday lauded the interim budget, stating that it will support the country's...

IR Smart Class: SME IPO

Frequently asked questions about Initial Public Offering (IPO) for small and medium retail businesses answeredSmall businesses are an important driver of India’s economy, contributing to over 27% of the country’s GDP.As of June 2023, the government’s portal that registers...

Budget 2024: RAI advocates tax reduction to drive consumption

The industry body asserts that implementing these measures will enhance overall consumer sentiment, positively impacting the retail sectorBengaluru: Industry apex body Retailers Association of India (RAI) has suggested prioritising demand stimulation and encouraging consumption through incentives or concessions, particularly in the...

Working with RBI, ministries to promote e-commerce exports: DGFT

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the e-commerce sectorNew Delhi: The commerce ministry's arm DGFT is working with the RBI and concerned ministries, including the finance ministry, on...

ONDC, Meta join hands to support small businesses in India

Five lakh MSMEs will be digitally upskilled through the Meta Small Business Academy over the next two years to kick off the partnershipNew Delhi: ONDC (Open Network For Digital Commerce) and Meta, which owns Facebook and WhatsApp, announced on...

Commerce ministry inks MoU with Amazon to leverage ‘Districts as Export Hubs’ initiative

The capacity building session will allow MSMEs to learn about imaging, digital cataloguing of their products, tax advisory amongst othersNew Delhi: The commerce ministry on Thursday said it has inked an agreement with US-based Amazon to provide training to...

ONDC to revolutionise B2B digital commerce in India: Report

ONDC is dedicated to establishing an interoperable marketplace that accommodates sellers of all scales − from small and medium-sized enterprises (SMEs) to larger entities Bengaluru: Open Network for Digital Commerce (ONDC), an initiative by Government of India, is set to revolutionise B2B...
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Latest News

Honasa Consumer posts Q4 profit at Rs 30.47 cr, sales up 21.5% at Rs 471 cr

Its revenue from operations grew 21.46% to Rs 471.09 crore in the fourth quarter of this fiscal. It was...
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