Economy

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Banking, Business, EconomyBusiness news, Business Today, Gujarat, Newsbyts, Nitin Gadkari

InvIT a runaway success; to help common man get 8.05% return: Nitin Gadkari

The union minister for road transport and highways says, InvIT bonds offer an unique opportunity to the common men to participate in the country’s rapid infra building and get healthy return on their investments…Nitin Gandkari, union minister in-charge of road transport and highways, today said that the new avenue will be aimed at attracting common men into investing public infrastructure.Infrastructure Investment Trust (InvIT) bonds, a new mechanism to finance infrastructure projects through private investments, will help poor individuals get healthy return while at the same solve the…

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Economy, SMENewsbyts, OurIndia, Supply chain finance

How supply chain financing can resolve capital issues for MSMEs

Micro, Small, and Medium Enterprises (MSMEs) employ approximately 111 million people and account for about 30% of India's GDP. These businesses are known as the backbone of the Indian economy. According to World Bank data, MSMEs are the largest employers in developing countries despite having the least financial and regulatory support. Their ability to survive and thrive is dependent on their ability to obtain sufficient funding. However, banks limit their exposure to MSMEs due to the high cost of service and the risk of lending without adequate…

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Aviation, Business, Economy, IndiaFlight from Mumbai to Delhi, Flights, Gujarat, India, Newsbyts, UPN

New intercontinental flight strengthens trade between businesses in India, Asia, Europe and the rest of the world

UPS doubling flight rotations and airport gateway capacity for India New intercontinental flight strengthens trade between businesses in India, Asia, Europe and the rest of the world National: UPS(NYSE:UPS) today announced an expansion of its global smart logistics network with a new airport gateway facility in India at Kempegowda International Airport, Bengaluru (BLR). With this added capacity, a new Boeing 747-8 flight will now be able to further connect our customers in India with more international trade opportunities in Asia, Europe and the Americas. “Customers are at the core…

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Auto, Automobile, Entrepreneurs, SMECosmo, Electric scooter price, EVeium, Gujarat, Newsbyts

Hyderabad based EV start-up EVeium launches three electric scooters – COSMO, COMET and CZAR

-        Scooter Price Range between 1.44 Lakh – 2.16 Lakh Approx -        Booking Starts with Just INR 999 , from August 8 2022 at EVeium showrooms in Pune,Hyderabad, Banglore and Calicut.(Ex Showroom) Hyderabad: EVeium, a new EV two-wheeler Brand in India has announced the launch of three new electric scooters- COSMO, COMET, CZAR. All the e-scooters have been launched under the high-speed category. Ellysium Automotives, the Auto arm of United Arab Emirates-based company META4 Group, recently announced the launch of its EV two-wheeler brand in India – EVeium. The scooter price ranges between…

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Economy, Education, India, InternationalAll time low rupee, Foreign education, Higher education, India, Newsbyts

Exclusive: Rupee’s Record Plunge Fuels Fear Among Study-Abroad Aspirants in India

The rupee fell to an all-time low of 80.05 against the dollar on Tuesday, fueling fears among study-abroad aspirants in India who are poised to spend substantially more money to realize their dreams than they originally planned to. The rupee’s record plunge against the US dollar was primarily due to the continued strength of the American dollar, the elevated global crude oil prices, and the continuous outflow of foreign funds from the local market as foreign investors go from Indian stocks and other assets into dollar-denominated assets.…

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Business, Economy, India, Special StoryGujarat, Real estate in India, Under-construction property in Delhi

Should you invest in under-construction properties to get high ROI in 2022-23?

There is no denying the fact that a couple of years gone by has instilled a sense of insecurity in the minds of realty investors. However, that reluctance was short-term and the industry is looking at a full-scale recovery. Despite this, there remains a dilemma as to which property type is better? Ready-to-move-in or the under-construction one? As the year 2022 will be the flagbearer year for the sustainable recovery of the housing sector, investing in an under-construction property would fetch some excellent returns in the long…

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Economy, SME, Start ups, TechnologyClix group, India, Investment, Lending, MSME

Clix Group enters into Strategic Partnership with MSME Lending Platform Tezzract; to lend INR1000 crore

Both the companies will build products specifically catering to MSMEs New Delhi: Clix Group (Clix Capital and Clix Finance), a leading non-banking financial services group with a strong pan-India presence, has entered into a strategic partnership with Tezzract Fintech Private Limited, to innovate and bring new age solutions for lending to MSMEs in India. Under this partnership Clix aims to lend an additional INR1000 crore to MSMEs by the end of this year. Clix to disburse an additional INR1000 crore in FY23 Through this partnership, both companies…

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Aviation, EconomyAhmedabad to Delhi flight, GoINDIGO, India, Nonstop flight

IndiGo CarGo awarded “Indian Air cargo Transport Leader of Covid Vaccine” at CarGo India Conference

India’s leading carrier, IndiGo, won the Indian Air cargo Covid Transport Leader of Covid Vaccine award at the recently held CarGo India Conference in Mumbai. IndiGo won the award for swiftly transporting COVID vaccines across India during the pandemic. IndiGo’s actions saved innumerable lives and livelihoods and helped the country emerge from the pandemic quickly. The award was presented to Mr. Mahesh Malik, Chief Commercial Officer- CarGo, IndiGo, during a conference at the Grand Hyatt in Santacruz, Mumbai. IndiGo has won its customers’ trust with its fleet…

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Economy, Entrepreneurs, SME, Start upsAngel funding, Ev startup, Indeanta, India

Electric mobility start-up INDEANTA raises $150,000 in Bridge Round from Ivy Growth Associates and a network of Angel Investors

Delhi, 03 June 2022: Electric mobility start-up INDEANTA raises $150,000 from IvyGrowth Associates and a network of Angel Investors. The round is led by Prateek Toshniwal, Mehul Shah, Nine Spar& others. The fundraise represents a bridge round in their ongoing Pre-Series A round. Having started operations in Dec 2020, Indeanta began with its in-campus mobility services. The brand was India's first & one of the only companies globally to offer multi-modal electric ride-hailing and ride-sharing services for university students. These services include electric buggies, electric motor scooters, electric…

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Business, Economy, SMEAssocham, Dunnbrad, India, MSME, SME

SMEs remain upbeat on demand revival, according to the ASSOCHAM-Dun & Bradstreet Small Business Confidence Index

 Confidence amongst India's small businesses remains high with an overwhelming majority of the SME executives expecting improvement in the second quarter of 2022 on most of the parameters including sales, capacity utilisation and hiring, according to the ASSOCHAM-Dun & Bradstreet Small Business Confidence Index (SBCI). The index, which measures the level of optimism of small and medium businesses on key business parameters such as sales, employment, prices, inventory and investment, stood at 87 in Q2 2022.  An index value above 50 signals an improvement or increase in the forthcoming quarter…

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