MSME

MSME

Indifi Technology Raises 290 cr In Series E Funding For Boosting Growth

Opportunity India Desk Jun 15, 2023 - 2 min read

Indifi Technology- a digital lending platform for MSME on Thursday announced that it has raised Rs 290 crore of funding in series E funding. The session was led by ICICI Venture along with participation from existing investors like British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and CX Partners. ...

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MSME

LoanTap Announces Appointments to Drive Growth and Innovation

Opportunity India Desk Jun 13, 2023 - 2 min read

LoanTap, a digital lending platform on Tuesday announced a series of strategic appointments and promotions to bolster its team of highly experienced professionals. In its media statement, the company said, “LoanTap is pleased to announce the appointment of Rajeev Das, formerly the Chief Risk Officer (CRO) of LoanTap, as the Chief Executive Officer (CEO) of ...

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MSME

RBI Decides To Keep Repo Rate Unchanged At 6.5 Per Cent

Opportunity India Desk Apr 06, 2023 - 6 min read

The Reserve Bank of India (RBI) on Thursday announced the bimonthly monetary policy and decided to keep the repo rate unchanged, RBI governor Shaktikanta Das said after the monetary policy committee meeting. The repo rate is at 6.5 per cent with 'readiness to act should the situation so warrant', Das said. “We are witnessing unprecedented ...

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MSME

PHD Chamber Urges Govt To Change Banking Norms For MSMEs

Opportunity India Desk Mar 06, 2023 - 2 min read

In a representation submitted to the Finance Ministry and Reserve Bank of India, PHD Chamber has urged the Government to consider changing the banking norms to advise banks to pay interest to MSMEs on their current account balances equivalent to the rate of interest paid by banks on saving bank accounts. MSMEs, as stated in the ...

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MSME

2,926 People Got Jobs Through MSME Ministry’s Job Portal Sampark In Current FY

Opportunity India Desk Feb 21, 2023 - 2 min read

A total of 2,926 candidates have been placed in current Financial Year through MSME ministry’s job portal Sampark, an official data stated. The portal launched in June 2018 has placed 34,307 candidates so far. The portal passed out as trainees from MSME Tool Rooms and Technical Institutions — and recruiters including MSME and large businesses ...

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‘Union Budget Ensuring Multiplier Effect For Growth Momentum In All Sectors’

Opportunity India Desk Feb 15, 2023 - 2 min read

The Union Finance Minister Nirmala Sitharaman on Wednesday that the central government is ensuring that the public expenditure continues to grow to have a desired multiplier effect on all the sectors as per the directions set by the Prime Minister Narendra Modi. Sitharaman was speaking at the Post Budget Session of PHD Chamber of Commerce ...

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Blackstone Scouting For Further Investments In India

Opportunity India Desk Feb 15, 2023 - 3 min read

Continuing to be bullish on India, Global private equity (PE) Blackstone is planning for further investments across infrastructure and real estate sectors. With investments worth USD 50 billion in India, the PE firm is one of ...

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MSME

Gross Bank Credit Across Sectors Five Times High In April-Nov FY22: SBI

Opportunity India Desk Jan 02, 2023 - 2 min read

The gross bank credit across sectors in the current fiscal years stood five times higher than INR 2.12 lakh crore during the April-November period. It stood at INR 10.56 lakh crore, Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India said in a tweet on bank credit till November. “Credit is expanding across ...

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MSME

Indowud: A Wood Without Wood To Cut Stubble Burning And Deforestation

Opportunity India Desk Dec 30, 2022 - 4 min read

With an aim to solve the issues such as deforestation and stubble burning, Indowud has come up with an alternative to produce furniture which looks like wooden but is made with the use of stubble, which is a huge reason for pollution in the national capital Delhi. Speaking about the journey of Indowud BL Bengani, ...

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MSME

What’s Up Wellness Receives Angel Investment from Several Investors

Opportunity India Desk Dec 22, 2022 - 5 min read

What's Up Wellness, a digital-first wellness business with its headquarters in Gurugram, has announced that their first angel financing round has raised an undisclosed sum from a number of investors. The company was bootstrapped before this. The funds acquired through this round will be put to use ...

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