Indian Businesses

The 30-year-old company, founded by Haridas T. Kanani, specialises in bromine based compounds, grignard reagents and inorganic lithium salts. Neogen operates out of three manufacturing facilities located at Navi Mumbai, Vadodara and Dahej SEZ (Special Economic Zones) in Gujarat. In the past one-year period, the shares of the firm rose 131 per cent to Rs 1,639 per share.

The unabated and unbridled increase in mustard oilseed prices throughout the year led to the steep rise in mustard oil prices and compelled a large section of mustard oil consumers to switch to imported edible oils that were available at lower price-points and cheaper brands of mustard oil which are mostly adulterated.

The report titled  “Indian Tech Start-up Ecosystem: Year of The Titans” hailed the Indian startups saying that it raised over USD 24.1 billion in 2021. 2021 saw startups securing thrice the number of valuable deals (counted as above USD 100 million) than it did in 2020. This is a testimony of investor confidence which boasted of over 2400 angel investors and the increasing appetite to take financial risks.

Goyal lauded the ITES (Information Technology Enabled Services) industry including the Business Process Outsourcing (BPO) sector for the record Services exports during the last year and informed that the Government has taken several steps to boost the start-up ecosystem, as removing problems of ‘Angel tax', simplification of tax procedure & allowing self-certification and self-regulation, reducing the burden of over 26,500 compliances and decriminalization of 770 compliances.

A secured loan is when you have collateral against the loan that you are taking. It could be in the form of a property, an FD, or any other asset that you have. An unsecured business loan is where the bank or NBFC does not ask for collateral against the loan. The lender assesses your capacity to pay the loan back, along with your debt to income ratio.

Year-on-year comparison of payroll data also show an increase of around 3.84 lakh in net payroll additions in November 2021, as compared to 10.11 lakh net subscribers added during the corresponding month of 2020, the Ministry of Labour and Employment informed on Thursday. Of the total 13.95 lakh net subscribers added in November last year, 8.28 lakh new members came under the social security cover of EPFO for the first time.

The MSME Ministry has been working closely with other Ministries and Departments to facilitate the ease of doing business for MSMEs, he said in his address at the inaugural session of MSME Conclave organised by EEPC India. MSMEs contribute around 30 per cent to India's GDP and have a 50 per cent share in the country's exports. MSMEs engaged in manufacturing engineering products are about 29 per cent of the 67 lakh MSMEs which have registered since July 1, 2020 on the Udyam registration portal.

A study conducted by American Express India and Invest India in partnership with the Centre for Business and Economic Research said: "Indian businesses saw spending grow three times faster than the expectations from its comparable peers in the other countries, establishing a lead that is likely to only consolidate."

Those earning their livelihoods from small and informal firms have suffered. This is a problem because 80 per cent of India's labour force is employed in the informal sector, and the roughly half of them who are in the non-agricultural sector have borne the economic brunt of the pandemic, the report added.

The equity round was led by Asia Impact SA, Lightrock India and Quona Capital. The agritech platform also raised debt financing from the US International Development Finance Corporation (DFC), among others. Arya.ag connects sellers and buyers of agriproduce, providing complete assurance on quantity, quality and payments. The platform also claims to eliminate distress sales of farmers' produce by enabling farmgate storage and seamless finance options, offering farmers the freedom of when and whom to sell to