IT bigwig Infosys has developed the first-ever mobile-based financial software for banks exclusively aimed at the Small and Medium Enterprise (SME) segment.
The Securities and Exchange Board of India (SEBI) has successfully exposed a money laundering and tax evasion scam that happened on the Small and Medium Enterprise (SME) trading platform. Consequently, as many as 239 individuals and entities have been expelled from the platform. Alarmed by the sheer magnitude of traded prices and volumes of four SME stocks - ECO Friendly Food Processing Park, Channel Nine Entertainment, Esteem Bio Organic Food Processing and HPC Biosciences - from January 2013 to March 2013, the regulator probe deeper to uncover a well-planned ruse to convert unaccounted money into legitimate one.
Infosys launches first SME-centric mobile solution for Banks
IT bigwig Infosys has developed the first-ever mobile-based financial software for banks exclusively aimed at the Small and Medium Enterprise (SME) segment. The solution tools allow SMEs to access their bank accounts in real-time as also manage their day-to-day business operations thereby ensuring cost-effective and easy banking in the same breath. Solution features include enterprise setup, automated banking transactions in supply chain, credit management, social connect, integrated alerts/analytical tools for financial management, and expert advice channels.
Asscoham forecasts Indian Handicraft Exports at 17,000 Crore In FY 2015-16
An Assocham report contends India's handicraft exports will double to Rs. 17,000 crore from Rs. 9,000 crore during the 2015-16 fiscal year. Thanks to the growing demand from the West, exports would touch Rs. 24,000 crore by FY 2020-21. The industry body feels exporters need to to focus on innovation, design, technology upgradation and financing to make the most of the demand boom. Currently, US imports 28% of India's handicrafts, followed by UAE at 11% and Germany, Latin America and United Kingdom accounting for 5% each.
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