India Small Business News Round-up – 12/06/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

  • Full underwriting for IPOs on SME bourse, moots Sebi: The Securities and Exchange Board of India (Sebi) on Monday proposed stringent guidelines on developing a market for small and medium enterprises (SMEs) in the country.
  • Sebi draws up SME exchange contours: SME exchange, which will enable small and medium enterprises to raise capital cheaper, faster and more efficiently, is finally taking shape. In a definitive step that might start a 1000-mile journey, the market regulator laid out the broad contours for an exchange in a discussion paper on Monday.
  • SEBI seeks views on developing SME mkt: MUMBAI: Capital markets regulator SEBI has invited comments and suggestions from the market participants through its discussion paper on developing a market for small and medium enterprise (SME) in India.
  • Nalco plans investment in Tajikistan, Congo: National Aluminium Co Ltd (Nalco), India’s second biggest producer of aluminium, on Thursday, said it is exploring the possibility of investing in sme
  • CII, UN body ink pact to promote credit schemes: Chennai, June 4 (IANS) The Confederation of Indian Industry-southern region (CII-SR) and UN Industrial Development Organisation (UNIDO) signed an agreement here Wednesday to promote credit schemes for micro and small and medium enterprises (SMEs).
  • SSMEs account for 25% of derivative MTM losses: Mumbai, Jun 5 The latest report published by Fitch Ratings indicates that small to medium enterprises account for about 25% of mark-to-market (MTM) losses booked in ‘structured’ and ‘exotic’ foreign exchange (FX) derivative contracts entered by the Indian corporates.sderivative MTM losses.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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