Business Archives - Page 3 of 23

PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

May 19, 2020May 19, 2020 Loknath Dasbanks, business, coronavirus, During, Farming, for, govt, lent, Loan, much, PSU, Report, This

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore. “Loans worth over Rs 6.45 lakh crore were sanctioned…

Risk-wary banks may stall small business rescue

May 16, 2020May 16, 2020 Loknath Dasbanks, business, May, Risk-wary, Small, stall

Banks wary of bad loans could derail the government’s mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as loans. Finance minister Nirmala Sitharaman on Wednesday announced ₹3 trillion collateral-free loans and partially guaranteed ₹20,000 crore of subordinated debt for cash-starved micro, small and medium enterprises (MSMEs). However, the whole plan hinges exclusively on greater lending by banks, which have so far preferred paltry interest from the central bank to greater returns from riskier loans. Experts said private banks…

Pete Buttigieg sees surge in support from business execs after his strong showing in Iowa

February 11, 2020February 11, 2020 Loknath DasAfter, business, Buttigieg, Execs, From, His, In, Pete, Sees, Showing, Strong, Support, surge

Democratic presidential contender Pete Buttigieg is seeing increased support from business leaders as he jumps in the polls following a successful showing in the Iowa caucuses. Dozens of executives who have largely remained on the sidelines during the 2020 election cycle have shown increased interest in Buttigieg’s presidential campaign over the past week, according to people with direct knowledge of the matter who declined to be named because these conversations were deemed private. The increased interest in Buttigieg comes as he tries to position himself as the best option among…

There Are Black Friday Type Deals On Small Business Saturday: $17.8 Billion Spent In 2018

November 30, 2019November 30, 2019 Loknath Das$17.8, Are, Billion, Black, business, Deals, Friday, In, On, Saturday:, Small, spent, There, type

In the midst of Black Friday and Cyber Monday planning and shopping, there are two additional “shopping” days you may want to know about. Small Business Saturday and Giving Tuesday. Each one came about, partly as a counter-movement to the big box retailer pushes to get people to spend. Note: I explore where to find Saturday specials here and “GivingTuesday” in a separate post that I will publish this weekend. NEW YORK, NEW YORK – NOVEMBER 25: Lin-Manuel Miranda lights the Empire State Building blue in … [+] GETTY IMAGES If…

Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore

November 12, 2019November 12, 2019 Loknath Das3, 702.4, business, enterprise, for, Japanese, Kyowa, Lupin, of, Rs., sells, ‘value’

Lupin, India’s third-largest drugmaker on November 11 said it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co to Japan-based private equity firm Unison for an enterprise value of Rs 3,702.4 crore. Lupin will get net proceeds of $300 million from the sale, which will be used to pare debt and invest in core markets of the US and India. Under the terms of the agreement, Lupin’s subsidiary Nanomi B.V. will divest its entire stake (99.82 percent) in…

LinkedIn launches ‘Open for Business’ globally for small businesses, freelancers

November 11, 2019November 11, 2019 Loknath Dasbusiness, Businesses, for, Globally:, Launches, LinkedIn, Open, Small

Professional networking platform LinkedIn announced on Monday the global launch of Open for Business, a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles, making them discoverable from a LinkedIn search. The feature is now live in India, following an initial roll-out in the US in July 2019, and is a great way for freelancers and small businesses to indicate they’re ‘Open for Business’. Open for Business allows small businesses and freelancers to showcase the services they provide, directly on their profiles. This…