India Small Business News Round-up – 16/10/2008

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:

  • SAP SME World Tour 2008 comes to India: HYDERABAD, INDIA: The SAP SME World Tour 2008 has arrived in India. This is the first of its kind worldwide road show, aimed at demonstrating new ideas, strategies and opportunities for growing small businesses and midsize companies.
  • OnlineOffice 5 Is ‘Most Powerful Version Yet’.: Jason Holden of Holden Associates, one of our Gold Partner Accountants & Business Advisor, refereed to OnlineOffice 5 as the “most powerful version yet”.
  • Bad Credit: Peer-to-peer lending: Weighing benefits, risks Forbes, NY – 3 hours ago As a result, average interest rates are low: 5.6 percent for personal loans, 5.8 percent for mortgages and 7.6 percent for small business loans.
  • Help for Small Businesses in a Tightening Credit Market: Medium and small-sized companies in the U.S. that have fallen victim to tightened credit conditions by commercial banks are turning to less traditional funding sources to help meet their financing and growth needs.
  • Help for southern India: Bring health and wellness instead of poverty and disease; Expose corruption and end bonded slavery; Bring clean drinking water to remote villages by digging wells; Help impoverished men and women start a small business …
  • India’s central bank moves to free another $200bn: Mumbai, Oct 14 (IANS) A day after asking commercial banks not to withhold credit to the corporate sector, especially small firms, the Reserve Bank of India (RBI) Tuesday said another Rs.200 billion ($4.18 billion) would be released for the needs of mutual funds.

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


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