Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Nine out of 10 micro, small and medium enterprises (MSMEs) expect to make profits in calendar year 2024 on the back of consumer demand and ease of doing business, said a report on Wednesday.
Around 44 per cent of MSMEs expect to hire more employees and 18 per cent expect to reduce their headcount. MSMEs polled for the report by digital lender NeoGrowth said they have benefited from government schemes such as Pradhan Mantri Mudra Yojana, Prime Minister Employment Generation Program and Skill India. As many as 60 per cent of MSMEs met their business targets in 2023.
Six out of 10 businesses across sectors anticipate the need for credit in 2024. The trading services sector expects the highest demand for loans.
A quick disbursal of loans, digitally enabled loan journeys emerged as the top factors considered while choosing a loan provider this year.
Mumbai-based NeoGrowth surveyed around 3,000 business owners across 25 cities for the study.
“Small businesses will continue to take centre stage in India’s growth story, and we are thrilled to be part of their journey by providing them timely credit to meet their evolving business needs,” said Arun Nayyar, managing director and chief executive officer of NeoGrowth.
Global Steel Output Falls 3.8% in May as Demand Slows Global crude steel production declined by 3.8...
Business 24-Jun-2025
JSW Steel showed a record output of 26.43 million tonnes (MT) of crude steel during financial year 2...
Large Corporate 08-Apr-2024
With the Dalian benchmark increasing and Singapore prices falling, iron ore futures were trading in...
Asia 23-Jan-2024
According to a Crisil Market Intelligence and Analytics analysis, the Indian cement sector is set to...
Construction 24-Jan-2024
The index of mineral production for the month of March 2024 was 156.1, which is 1.2% higher as compa...
Energy 03-May-2024
Union Minister G Kishan Reddy awarded Maiki South Mining Private Limited the country's first lithium...
Notification 25-Jun-2024