Category Archives: Business

loan for the msme project

Loan for the MSME Project

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On the basis of a current business world buzz, the Worldbank has recently come up with a brand new initiative. According to this, a financial help related deal has been made to give a Loan for the MSME Project.

CORONA Virus has juggled our lives. The impact is deeply felt by people from all walks of life. All sorts of sectors are heavily influenced by the market downfall as the pandemic is booming. COVID19 pandemic’s impact on MSME is really devastating. The Micros, Small and Medium Enterprises are the building blocks for a developing nations’ economy. An MSME license provides Government support in the form of incentives, subsidies and a lower rate of interest.

MSME plays an important role in India’s GDP. It contributes about 30% of India’s GDP. This loan is basically for reconstruction and development. It will help to confront with pandemic and help 1.5 million MSME in liquidity and credit needs. The maturity period of this loan is 19 years with a 5 year grace period.

The Worldbank has approved a loan 750 million for MSME and is thus supporting India’s emergency response for COVID19 and new projects. This is the third time when the Worldbank is extending its support for India. The first was in April for India’s health sector, then in May to increase cash transfer and now for MSME Development. This loan will help the project to withstand the impact of COVID and protect millions of jobs in India.

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tamil nadu tops market borrowings

Tamil Nadu Tops Market Borrowings

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Amidst the intense lockdown in most of the districts nationwide due to the COVID-19 pandemic, there’s a latest Indian Business newscast, Tamil Nadu tops market borrowings and has by far collected ₹30,500 crores in fiscal 2020-21.

As per the Socio-Economic Statistical Information of Reserve Bank of India (RBI), Tamil Nadu tops market borrowings & has accounted for 17% of the borrowings (₹25,500 crores), through the issue of bonds called the state development loans. Maharashtra accounted for 14%, followed by Rajasthan and Andhra Pradesh at 17% each. The southern state of Tamil Nadu has issued more long tenure bonds when compared to other states and has not tapped short-terms funding avenues.

The State Chief Minister – Edappadi K. Palaniswami recently said that with industries and businesses remaining shut, the State would sustain a shortfall in revenue of about ₹12,000-₹13,000 crores a month!! As per the Finance Secretary’s projections, the State’s GST (Goods and Services Tax) collection fell 15% in June, higher than the 3% national fall.

On July 7, Tamil Nadu borrowed an additional amount of ₹500 crores rather than the ₹2,000 crores, which was originally planned. The State had earlier planned to raise ₹2,000 crores through the issue of bonds of ₹1,000 each along with tenures of 35 years and 3 years respectively. Tamil Nadu had a choice to raise the ₹250 crores in each of these securities, through the ‘greenshoe’ option. Tamil Nadu has also preferred the market borrowing route for raising funds to meet the increased expenditure and falling revenues.

SEE ALSO:- Paytm to Enter In the Insurance Market

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Maruti Suzuki Partner with Axis Bank

Maruti Suzuki India Alliance with the Axis Bank

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Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. Maruti Suzuki is credited with having ushered in the automobile revolution in the country. Recently, Maruti Suzuki India has shown an Alliance with the Axis Bank.

Maruti Suzuki India Limited made a small beginning with the iconic Maruti 800 car. The Company is rooted in the business of manufacturing and sale of passenger vehicles in India. Maruti Suzuki today, has a vast portfolio of 16 car models with over 150 variants.

Maruti Suzuki has one of the fastest-growing market in India, but currently, the market is badly battered by the pandemic – COVID19. Due to this pandemic, the sales of automobiles are getting even worse and many people are afraid of mere visiting the dealership and buying cars. Most of the dealers are working from home and this is the very reason causing a delay in the buying process. Surprisingly, since June when the government of India has begun the unlock 1, the market is healing and also the sales are showing a good increasing rate.

The world level Axis Bank is also helping Maruti Suzuki for the dealer inventory as well as for retail financing solutions. Axis Bank is one of the most prestigious banks of India and this partnership will provide Lucrative Finance offers to people who want to buy a new car. This tie-up will also offer some attractive EMI options to ease the liquidity and repayment stress of the customers.

SEE ALSO:- Volkswagen Invested In Chinese Firm After Their Case.

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Paytm

Paytm to Enter In the Insurance Market

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Who doesn’t use online transactions nowadays? We all are quite informed about the Paytm application and its user friendly experience. It also has reliable features like user’s account safety, add free experience and smooth transactions which overall gives the user a very great online and offline payment experience. Recenlty, there’s a buzz about Paytm to Enter in the Insurance Market.

Paytm is the most valuable startup of India and through this online platform, already has a huge market and millions of users only in India alone. Now, it is sure about entering in insurance market. It is owned by One97 Communication Ltd and now all is set for Paytm to Enter in the Insurance Market & spread its wings and acquire the private insurance firm Raheja.

Vijay Shekhar Sharma the CEO and Owner of Paytm announced that they have just made a firm agreement to acquire the renowned Insurance Firm – Raheja in 76 million!! An all- cash deal!!

Now, coming to the Raheja Firm’s short insights, the 51% share of Raheja’s is owned by Prism Johnson and 49% by Qbe Australia. The interesting partnership is always what the Raheja’s have sought for, but now, Paytm is about to acquire 100 % of its share and for this, QorQl Pvt Ltd is helping in easing this deal.

Raheja Insurance provides various types of insurance services, for example: in health, home, vehicle, commercial properties and workplace injuries. Paytm has fully acquired this firm and it will surely start a great insurance service too.

SEE ALSO:- Indian Shares Made Their Comeback

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Hero Cycles

भारत की सबसे बड़ी साइकिल कंपनी HERO ने चाईना के साथ 900 करोड़ का करार तोड़ा

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भारत की सबसे बड़ी कंपनियों में से एक Hero साइकिल्स कंपनी ने चाईना के साथ 900 करोड़ का करार तोड़ दिया है| इसका मुख्य कारण यह है कि चाईना के साथ चल रही तना-तनी को खत्म करने के लिए भारत की कंपनी उनके साथ करार तोड़ रही हैं|

इस विषय पर Hero साइकिल्स के चेयरमैन और मैनेजिंग डायरेक्टर पंकज मुंजल कहते हैं कि “हमारा यह उद्धेश्य है कि चाईना के सामानों पर प्रतिबंध लगाया जाए|”

पंकज मुंजल का यह कदम बेहद ही सराहनीय है|

ताजा खबरें:- कानपुर हत्याकांड; 8 पुलिसकर्मियों का हत्यारा विकास दुबे

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Pandemic

Pandemic Outbreak – Proportional to the Business Loss

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Covid19 pandemic has manifested the income and the profit of all sorts of companies and majorly every type of sector. Currently, the market is going down and also there is a rapid downfall in the value of assets. The market downfall caused due to Covid19 is greatly affecting the demands of genuine consumers worldwide and this is also a challenging phase for the customer-to-company relationship.

RBSA Advisor and MD Rajeev Shah mentioned that – “Impairments are equally triggered due to falling demand/revenue/profitability, rising losses, and increased competition intensity.” There are also a few other unlisted factors. The cumulative effect of all of these factors is directly proportional to the reduction of the economic viability of the subject business.

Companies are not getting the customers for selling their products and thus this pandemic is overtaking the world level business tycoons to depression.

Considering the results from a unilateral familiarization of countries like India, which are less-developed, the Indian companies are constantly facing demand collapse for their product on profit and loss account due to the Evil Pandemic Outbreak – Corona.

Many of the big companies in India are in loss and the market value of companies are going down. The June quarter has further pushed them into losses. There is no second thought or doubt in the fact regarding the country’s condition nowadays. India is currently in the list of the leading countries in terms of severe economic losses which is the broadest reason for the GDP going down.

SEE ALSO- Online Business With Facebook

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