Insights

Innovative Invoice Discounting Solution Aids MSMEs In Working Capital

Opportunity India Desk Nov 29, 2023 - 3 min read

Red Fort Capital Finance Company, an NBFC specialized in lending to small businesses, has introduced an invoice discounting solution aimed at assisting MSMEs in managing working capital gaps. The financial offering involves businesses selling their unpaid invoices to a third-party financier, like a bank, at a discounted rate, enabling swift access to working ...

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MG Motor, Charge Zone To Strengthen EV Charging Infra Nationwide

Opportunity India Desk Nov 29, 2023 - 2 min read

MG Motor India has entered into a collaborative venture with Charge Zone to extend the electric vehicle (EV) charging infrastructure throughout the nation. The partnership will jointly establish charging stations at crucial points, including highways, urban centers, and MG dealerships. Both the entities will collaborate to devise a special offer exclusively ...

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Unleashing Modern Entrepreneurial Potential In Current Digital World

Opportunity India Desk Nov 29, 2023 - 6 min read

The author had a few engaging interactions with a 25-year young successful Indian entrepreneur, CEO, and founder of a start-up FoodFund in London, Canada, a few days back. The start-up is working on fresh fruits and vegetable waste reduction. There are tons of odd-shaped, imperfect, differently-sized, and curvy-looking fruits and vegetables that are ...

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Electrifying Tomorrow: Navigating Current Surge And Future Horizons Of EVs In India

Opportunity India Desk Nov 28, 2023 - 9 min read

In recent years, the global automotive industry has witnessed a shift with the increasing adoption of electric vehicles (EVs). India, with its ambitious targets to reduce carbon emissions and combat climate change, is actively embracing this transformation. Through this article, we will delve into the current trends and future plans of the electric ...

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Reliance's INR 20,000 Crore Investment Catalyst For Bengal's Future Growth

Opportunity India Desk Nov 28, 2023 - 2 min read

Reliance Industries will invest an additional INR 20,000 crore in the West Bengal over the next three years, company’s Chairman and Managing Director Mukesh Ambani announced. Also, West Bengal Chief Minister Mamata Banerjee unveiled five new policies, focusing on logistics, internet cable landing station, green hydrogen, new and renewable energy manufacturing promotion, and ...

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NSE to Empower Bengal MSMEs Through IPO Awareness

Opportunity India Desk Nov 28, 2023 - 3 min read

The National Stock Exchange (NSE) has inked a memorandum of understanding (MoU) with the Government of West Bengal to raise awareness among the state's MSMEs about fundraising opportunities through IPOs on the NSE Emerge SME platform. The MoU, formalized during the Bengal Global Business Summit, outlines collaborative efforts between NSE and the state ...

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New RBI Risk Weight Norms May Hamper MSME Credit Flow: NBFCs

Opportunity India Desk Nov 24, 2023 - 3 min read

The Finance Industry Development Council (FIDC), representing non-banking financial companies (NBFCs), has urged the Reserve Bank of India (RBI) to reconsider the substantial hike in risk weights on bank loans to the NBFC sector. The council has also called for a review of risk weights on NBFCs, particularly those primarily engaged in lending ...

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EV Revolution In India: A Look Into Indigenous Models

Opportunity India Desk Nov 24, 2023 - 6 min read

The Indian electric vehicle market is expanding with many new companies and big automobile giants foraying into this sector for better and healthy future of the world. The country is constantly seeing the introduction of vehicles equipped with these batteries, and the demand for EVs is also growing. But do you ...

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Indian Overseas Bank To Auction INR 457-Crore NPAs From MSMEs, Expects 60 Per Cent Recovery

Opportunity India Desk Nov 23, 2023 - 2 min read

Indian Overseas Bank, a public sector lender, has issued an invitation for bids concerning the sale of 91 non-performing assets (NPAs) belonging to Micro, Small, and Medium Enterprises (MSMEs), totaling INR 457.28 crore. The bidding document titled ‘Transfer of NPA Loan Exposures’, the bank anticipates a minimum recovery of 60 per cent, equivalent ...

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Govt Seals Pact With Amazon For MSME Export Boost, Other E-Commerce Giants In Line

Opportunity India Desk Nov 23, 2023 - 3 min read

In a recent development, Santosh Sarangi, the Director General of Foreign Trade (DGFT), has announced the signing of a memorandum of understanding (MoU) with Amazon to bolster e-commerce exports originating from India. Sarangi revealed ongoing discussions with retail giants Walmart and Flipkart for similar agreements, aimed at propelling e-commerce exports from approximately 100 ...

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