Securities and Exchange Board of India (Sebi) today announced conditions for listing on the SME (small and medium enterprise) exchange, reports Biz2Credit. As part of the plan a model SME equity listing agreement for the purpose was also announced.  SEBI stated that the SMEs need not send full annual report to investors and can submit half-yearly financial results in place ...

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Yes Bank, the new generation private bank, is increasing its lending focus towards a small & medium enterprises (SME). In the current year YES Bank is allocating about Rs. 4,000 crore. Till the end of March, 2010, the private sector lender had lent around Rs 1,500 crore to smaller firms. “We have seen significant increase in demand ...

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The Greek debt crisis which has been unfolding for last 2 months has started looking like having a contagion effect on other European economies like Spain, Portugal and Ireland.The recent down grade by S&P for Greece to junk status and Portugal from A+ to A- looks like starting a contagion effect. A massive rescue package announced ...

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The MSME Ministry has recommended policy draft for PSUs' to procure 20% of their goods and services from MSMEs.The ministry is discussing the proposal with other ministries under whose ambit PSUs fall as they have raised concerns about the quality and quantity of procurement. This recommendation is part of the report submitted by  MSME task force constituted ...

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National Small Industries Corporation (NSIC) aims at providing credit rating to over 9,000 micro and small enterprises in 2010-11 with the help of leading agencies like SMERA, ICRA etc. The rating of the company's financial health helps them get access to credit quicker and cheaper. It also helps in enhancing their acceptability in the market. In last ...

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