Govt approves 187 startups for tax exemption under revamped Section 80-IAC framework

With these latest approvals, over 3,700 startups have now benefited from the scheme since its launch. As per a Commerce Ministry statement, the approvals came during the 79th and 80th meetings of the Inter-Ministerial Board (IMB), with 75 startups cleared in the 79th meeting and 112 in the 80th, held on 30 April. The Department […]

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SME IPO merchant bankers under SEBI scanner for malpractices, violations of rules

On Wednesday, SEBI passed an interim order wherein Inventure Merchant Banking Services was directed not to take new merchant banking assignment until further orders. SEBI has taken similar action against First Overseas Capital as well. The SEBI action assumes significance as the SME IPO segment is seeing a lot of action in the last few […]

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Rs.25 lakh crores MSME credit gap: TReDS has sparked hope for small businesses, but what’s holding it back?

TReDS has supported MSME credit access, but substantial expansion is needed to enhance its reach and effectiveness, say experts. Introduced in 2017, the TReDS ecosystem aims to address the huge credit gap in India’s MSME sector by providing a digital platform designed to enable timely financing and alleviate issues related to delayed payments. The Trade […]

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MASSIVE $11 billion by 2030: Soaring industry! Modi Govt. lists 4 drone companies in OPERATION SINDOOR’s Aatmanirbhar innovation

OPERATION SINDOOR’s Aatmanirbhar Innovation: Indian drone market is projected to reach $11 billion by 2030, accounting for 12.2% of the global drone market. The integration of drone warfare into India’s military doctrine owes its success to years of domestic R&D and policy reform and the ban on imported drones since 2021 has acted as a […]

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At $329 billion, Tamil Nadu about to overtake Pakistan’s GDP

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In 2004-05, Pakistan’s GDP was $132 billion, while Tamil Nadu’s GSDP was only $48 billion. By 2023-24, Tamil Nadu’s GSDP has nearly equalled Pakistan’s GDP, reaching $329 billion, highlighting a growing economic divergence. Pakistan’s economic position, […]

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Chandrakant A. Salunkhe Emphasizes SME-Led Growth at GEMS of Maharashtra 2025 Panel

Mr. Chandrakant A Salunkhe – Founder & President, SME Chamber of India and MAHARASHTRA INDUSTRY DEVELOPMENT ASSOCIATION addressing the delegates during Panel Discussion on Progress & Promise: Investing in Maharashtra’s Next Growth Chapter. Others (L to R) Ms. Kavita Thapliyal – ET Now Swadesh (Moderator), Mr. Ashutosh Limaye – Co-Head, Strategic Advisory & Valuations, ANAROCK […]

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INTERACTIVE MEETING WITH Hon’ble Minister of State

Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Federation of Indian SME Associations (FISA) as well as Maharashtra Industry Development Association paid courtesy visit to Shri Prataprao Jadhav – Hon’ble Minister of State (Independent Charge), Ministry of Ayush, Government of India on 14th May 2025 at New Delhi.

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Fizzled out at NCLAT: No fizz for interest on unpaid MSME dues

NCLAT in the matter of SNJ Synthetics Limited vs. PepsiCo India Holdings Private Limited, rejected the Section 9 application filed by an MSME operational creditor on the ground that the amount of default (excluding interest accrued as per Sections 15 and 16 of MSMED Act) was less than the limit stipulated under section 4 that […]

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DP World launches sustainable cold chain facility in Navi Mumbai

The facility, spanning 1,10,000 square feet, is capable of catering to a wide array of products, including dairy, frozen foods, seafood, meat, pharmaceuticals, and perishable agricultural produce. DP World, a global provider of end-to-end supply chain solutions on Wednesday announced the launch of a sustainable cold chain warehouse in Taloja, Navi Mumbai. The facility is […]

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Bharat Telecom 2025: India emerges as hub of telecom manufacturing, network innovation

Bharat Telecom 2025 included multiple panel discussions with panellists deliberating and discussing themes such as ‘Telecom API Economy’, ‘Private Networks for Industry 4.0’ and ‘Next-Gen Broadband: The Catalyst for a Digital Leap’. The Telecom Equipment and Services Export Promotion Council (TEPC), in collaboration with the Department of Telecommunications (Dot), organised the 22nd edition of the […]

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