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Textiles Ministry, ICRIER Partner for Evidence-Based Policy Support in Textile Sector

New Delhi, May 15 -- The Ministry of Textiles, Government of India, has signed a Memorandum of Understanding (MoU) with the Indian Council for Research on International Economic Relations (ICRIER) to ... Read More


India's MSME-Led Food Processing Sector Grapples With Heavy Compliance Burden: Report

New Delhi, May 15 -- India's food processing industry, dominated by micro, small and medium enterprises, is facing a severe compliance burden driven by overlapping regulations, frequent policy changes... Read More


Zoho Corporation Commits Rs 70 Crore To ONDC To Boost MSME Digital Access

New Delhi, May 15 -- Global technology company Zoho Corporation has announced an investment of Rs 70 crore in the Open Network for Digital Commerce (ONDC), reaffirming its commitment to building sover... Read More


India's Deposit Growth Spike Masks Structural Weaknesses In Banking System: Ambit Capital

New Delhi, May 15 -- A sharp jump in bank deposit growth to 13.5 per cent year-on-year (YoY) in March 2026-the highest since the withdrawal of Rs 2,000 notes in June 2023-masks deep structural weaknes... Read More


Govt Plans New Initiatives To Strengthen India's Seafood Export Ecosystem

New Delhi, May 15 -- Union Commerce and Industry Minister Piyush Goyal and Union Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh held a high-level meeting to discuss strategies fo... Read More


AI-Based Lending Models Can Bridge USD 130-170 Bn MSME Credit Gap: Govt

New Delhi, May 15 -- Artificial intelligence (AI)-driven lending models have the potential to close an estimated credit gap of USD 130-170 billion for India's micro, small and medium enterprises (MSME... Read More


Urban Vault Eyes Rs 50 Crore Revenue From Fit-Out & Facility Management Business In FY27

New Delhi, May 15 -- Managed workspace provider Urban Vault has projected revenue of approximately Rs 50 crore from its office design, fit-out, and facility management business in the financial year 2... Read More


Rapido Secures USD 240 Million To Expand Mobility Operations Across India

New Delhi, May 15 -- Roppen Transportation Services Private Limited, which operates mobility platform Rapido, has raised USD 240 million in fresh capital in a funding round led by Prosus, with partici... Read More


Geothermal Energy Could Ease India's Power Pressure, Support Industry Growth: Report

New Delhi, May 15 -- India has significant untapped geothermal energy potential that could help meet rising industrial, cooling and electricity demand while reducing pressure on the power grid, accord... Read More


Rubber MSMEs Face Severe Cost Pressure As Natural Rubber Prices Jump 40%: AIRIA

New Delhi, May 15 -- India's rubber sector MSMEs are facing mounting pressure as natural rubber prices have surged 35-40 percent amid geopolitical tensions and war-related uncertainty, the All India R... Read More