sme

Fintech platform Tide's global CEO Oliver Prill announced that India has surpassed the UK to become its largest market by customer count for smes. With nearly 7 lakh members, India's growth since 2022 has been significant. Tide India CEO Gurjodhpal Singh aims to cross 10 lakh members by year-end.

Sumitomo Mitsui Banking Corp (SMBC) is nearing a deal to acquire a major stake in Yes Bank, potentially triggering an open offer for an additional 26% stake and making SMBC the largest shareholder. This move follows Yes Bank's 2020 rescue and would be India's largest M&A deal for SMBC.

SBI aims to maintain a RoA above 1% in FY26 despite margin pressures from softening interest rates, targeting a RoE over 15%. The bank reported strong FY25 results, with RoA improving to 1.10% and net profit rising 16% to ₹70,901 crore. SBI focuses on asset quality, reducing gross NPAs to 1.82% and net NPAs to 0.47%.

Gensol Engineering's shares plummeted after SEBI barred the company and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities market due to fund diversion allegations and corporate governance lapses. SEBI's investigation revealed forged documents and misleading statements to rating agencies and lenders.

Gujarat's smes have set a record by raising Rs 1,919 crore in FY25 from IPOs, making it the highest in a financial year for the state. With 50 companies listing on NSE Emerge and BSE sme, Gujarat ranked second in fundraising after Maharashtra. This surge highlights the increasing reliance on IPOs for growth and brand enhancement among smes.

Charu Asopa, known for her turbulent marriage with Rajeev Sen, is now navigating life as a single mother. A recent video showcasing her online clothing sales went viral, earning her praise for her hard work. Despite speculation about rekindling her relationship with Rajeev, Charu maintains they are just co-parents to their daughter, Ziana.

Gujarat's IT exports have surged from Rs 3,570 crore in FY 2019-20 to Rs 8,703 crore in FY 2023-24, driven by digital transformation and sme growth. Despite this, Gujarat still lags behind leaders like Karnataka. Proactive policies, talent development, and improved infrastructure are key factors in its progress. Ahmedabad and Gandhinagar are emerging tech hubs.

Alteria Capital, India's largest venture debt manager, secured an anchor investment from the International Finance Corporation (IFC) in its Shorter Duration Scheme. The fund will address short-term liquidity needs for licensed fintech companies, consumer brands, and EV OEMS, further supporting new economy companies in India.

SEBI has imposed stricter regulations for sme IPOs, introducing a profitability requirement and capping the Offer-For-Sale component at 20%. These reforms ensure smes with a strong track record can raise funds while protecting investors. The new rules also include new shareholding restrictions and limit the misuse of raised funds.