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Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
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More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
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Facebook Teams Up With Indian Firm to Help Provide Loans to Small Businesses
Facebook is partnering with Indian online lending firm Indifi to help provide loans to small domestic businesses as part of a push to bring more businesses to advertise on its platform.
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Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
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Toyota Bets On Start-Up Tugende's Small Loans To Boost Africa Business
The trading arm of the Toyota Group has invested $4 million in Ugandan start-up Tugende, saying it hopes the firm's loans to small, independent businesses will also help customers buy the carmaker's vehicles.
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US Charges Alleged Fraudster With Fake Celebrity Employees
US prosecutors announced Tuesday criminal fraud charges against a Taiwanese national who spent nearly $3 million in small business loans on a Rolex watch, a Mercedes and other luxury items.
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Google to Start Offering Loans to Merchants in India, Rolls Out ‘Nearby Stores’ Spot Nationwide
Google said on Thursday that it is working with partner financial institutions to help small businesses in India impacted due to the coronavirus outbreak.
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Case Against Indian-Origin Doctor Over $6,00,000 COVID-19 Relief Fraud
An Indian-origin ophthalmologist, previously charged with healthcare fraud, has been charged with fraudulently obtaining nearly $6,30,000 in Government-guaranteed loans aimed at helping small businesses during the COVID-19 pandemic while he was on pre-trial release.
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RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
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Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
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UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
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What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
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India Weighs Plan to Guarantee $39 Billion of Small-Business Loans: Report
India is considering a proposal to guarantee as much as Rs 3 trillion of loans to small businesses as part of a plan to restart its economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said.
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PM Modi Planning Cheap Loans, Insurance For Small Businesses: Report
Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources with direct knowledge of the matter said, as he tries to placate a key voter bloc ahead of a general election due by May.
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"Today's Death Delayed Till Tomorrow": Shiv Sena On Centre-RBI Truce
Signalling a temporary truce, the RBI and the government had agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the top bank must hold, while restructuring of stressed loans of small businesses would be considered by the central bank.
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Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
-
More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
-
Facebook Teams Up With Indian Firm to Help Provide Loans to Small Businesses
Facebook is partnering with Indian online lending firm Indifi to help provide loans to small domestic businesses as part of a push to bring more businesses to advertise on its platform.
-
Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
-
Toyota Bets On Start-Up Tugende's Small Loans To Boost Africa Business
The trading arm of the Toyota Group has invested $4 million in Ugandan start-up Tugende, saying it hopes the firm's loans to small, independent businesses will also help customers buy the carmaker's vehicles.
-
US Charges Alleged Fraudster With Fake Celebrity Employees
US prosecutors announced Tuesday criminal fraud charges against a Taiwanese national who spent nearly $3 million in small business loans on a Rolex watch, a Mercedes and other luxury items.
-
Google to Start Offering Loans to Merchants in India, Rolls Out ‘Nearby Stores’ Spot Nationwide
Google said on Thursday that it is working with partner financial institutions to help small businesses in India impacted due to the coronavirus outbreak.
-
Case Against Indian-Origin Doctor Over $6,00,000 COVID-19 Relief Fraud
An Indian-origin ophthalmologist, previously charged with healthcare fraud, has been charged with fraudulently obtaining nearly $6,30,000 in Government-guaranteed loans aimed at helping small businesses during the COVID-19 pandemic while he was on pre-trial release.
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
-
UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
-
What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
-
India Weighs Plan to Guarantee $39 Billion of Small-Business Loans: Report
India is considering a proposal to guarantee as much as Rs 3 trillion of loans to small businesses as part of a plan to restart its economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said.
-
PM Modi Planning Cheap Loans, Insurance For Small Businesses: Report
Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources with direct knowledge of the matter said, as he tries to placate a key voter bloc ahead of a general election due by May.
-
"Today's Death Delayed Till Tomorrow": Shiv Sena On Centre-RBI Truce
Signalling a temporary truce, the RBI and the government had agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the top bank must hold, while restructuring of stressed loans of small businesses would be considered by the central bank.
