Small Business

MSMEs to benefit as Sitharaman extends Rs 3-lakh crore collateral-free ECLG scheme, provides support for stressed sectors

The Government on Thursday extended the Emergency Credit Liquidity Guarantee Scheme till March 31, 2021, a move that will be beneficial for millions of MSMEs in the country. The scheme was initially supposed to end on October 30, 2020, but was subsequently extended by a month and was supposed to lapse on November 30. In […]

Investment

As cyclical stocks rebound, investors eyeing whether their earnings comeback will justify the move

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images This week, investors shifted money away from high-flying tech stocks, and into beaten-down groups like energy, industrials and real estate. These sectors, which are more sensitive […]

Technology

Infibeam Avenues recorded highest ever digital payment processing in Q2

New Delhi: Financial Technology provider Infibeam Avenues has recorded it’s highest ever digital payment processing volume for the quarter ended September 30, the company said in a statement. Its revenue is up 50% to touch Rs 154 crore, quarter-on-quarter despite very low contribution from aviation, travel & tourism, hotel and entertainment industry. The payment transaction […]

Small Business

MSMEs begin race to implement IT infrastructure to support electronic invoices within 50 days

MUMBAI: Small companies that were not required to bother about e-invoicing under the Goods and Services Tax (GST) are now rushing to upgrade their information technology (IT) systems so as to abide by the new government regulations. The government has said that e-invoicing or electronic invoicing will be mandatory for any company that has a […]