MSME

MSME

Banglore Fintech Innoviti Joins ONDC Platform to Help Small Sellers Accelerate Sales

Opportunity India Desk Aug 05, 2022 - 2 min read

Banglore based collaborative commerce platform, Innoviti, announced to join government backed Open Network for Digital Commerce (ONDC). The platform claims to help businesses grow by turning their payment transactions into purchase tools that urge their consumers to buy better products and more products. Innoviti processes digital purchases of INR 75,000 Cr. annually across more than ...

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Go Grocer eyes to be the leader of pulses business

Opportunity India Desk Jul 30, 2022 - 5 min read

India, which is world’s largest pulses producer in the world, also happens to the leader in consumption and import of the item. However, it exported close to 2,96,170 MT of pulses worth of Rs. 2,117 Crores during FY 2020-2021, thanks to central government’s focus on the ways to encourage its production added with farmers’ quest ...

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RBI Suggests Ways To Deal With Climate Change For Banks

Opportunity India Desk Jul 28, 2022 - 5 min read

The Reserve Bank of India (RBI) has issued a discussion paper for banks and financial institutions on climate risk and sustainable finance. The apex bank has suggested ways to cope with risks arising from climate change. Banks and financial entities can give their comments on the recommendations by September 30, the central bank said ...

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Yes Bank To Invest INR 350 crore for 20 per cent in JC Flowers ARC

Opportunity India Desk Jul 19, 2022 - 4 min read

Private lender Yes Bank is planning to acquire 20 per cent stakes in JC Flowers Asset Reconstruction Company (ARC) for INR 350. The bank has identified the company as base bidder for its INR 48,000-crore pile of stressed assets. The bank plans to raise $1 billion in capital during the current ...

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Banks Increase Foreign Currency Deposit Rates Following Relaxing Norms

Opportunity India Desk Jul 14, 2022 - 3 min read

As the Reserve Bank of India (RBI) has relaxed norms and allowed banks to raise foreign currency non-resident (FCNR) and NRE deposits from non-resident Indians (NRIs) till October 31, 2022, Several banks like SBI, ICICI Bank, HDFC Bank and IDFC First Bank have raised interest rates on FCNR deposits. The RBI had last week ...

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From One Instagram Shop to Turnover in Crores; Learn How This Start-up Grew By Helping Others

Opportunity India Desk Jul 13, 2022 - 5 min read

Despite the government taking a number of steps, to help them reach their consumers, a notable number of small businesses fail. A common reason, for this failure, is diverse geographical conditions of the country. A start-up from the Kashmir, FastBeetle, is helping out small businesses to increase global reach. Started in 2019, FastBeetle is a ...

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RBI Slaps INR 1.67 Crore Fine On Ola Financial Services

Opportunity India Desk Jul 13, 2022 - 3 min read

The Reserve Bank of India (RBI) has imposed fine of INR 1.67 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) and the Master Direction – Know Your Customer (KYC) Direction. “The Reserve Bank of India (RBI) has imposed monetary penalty of ...

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Razorpay Gets Payment Aggregator Licence From RBI

Opportunity India Desk Jul 12, 2022 - 3 min read

Razorpay, India’s preferred payments and banking platform for businesses has announced that it is one of the first full-stack financial solutions companies that has been given an in-principle approval by the ?RBI for a Payment Aggregator (PA) License. This reiterates the trust placed by over eight million businesses in Razorpay to boost and support their ...

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Beth Living Eyes 250 crore Revenue In Five Years

Opportunity India Desk Jul 11, 2022 - 3 min read

With an idea of sustainable business and addressing few issues faced by the customer in the home decor sector, Tony Thomas came up with an idea of steel and Stainless Steel Home Interior products and incepted a company named Beth Living. Beth living -- Bengaluru-based company, addresses few challenges with its innovative products which ...

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How to Register with Restaurants Aggregators as a Small Cooking Business

Opportunity India Desk Jul 08, 2022 - 5 min read

Food businesses were one of the less impacted businesses during the pandemic, as food is the main necessity of our lives. Food helps us to be strong, energetic and enhances body growth. According to the data released by the National Statistical Office, NSO, retail inflation rose to a six ...

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