Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China…
Agriculture, pharmaceutical exports growing during pandemic, says Commerce…
NEW DELHI: Exports of sectors such as agriculture and pharmaceuticals have recorded significant growth even during COVID-19 pandemic, and there is a need to sustain this, Commerce Secretary Anup Wadhawan said on Thursday. He said…
TReDS platform M1xchange raises funding from BEENEXT, Mayfield
NEW DELHI: BeenextAsia, Singapore and Mayfield have jointly made an investment of $ 4.5 million in the current equity round in M1xchange, largest among the three holders of the Trade Receivables Discounting System (TReDS) licenses…
Romney on Barr resignation: ‘Not surprised that he…
Sen. Mitt Romney, R-Utah, told CNBC that he is "not surprised" upon hearing news of Attorney General William Barr's resignation from the Justice Department. "It was clear that being part of the [Trump] administration was a…
“Retrospective amendment†in GST law: Time frame prescribed…
MUMBAI: The tax department’s amendment around transition credit under the Goods and Services Tax (GST) framework was more of a direction, the Delhi High Court has said. The court would also hear more about 25…
SBI will prefer co-origination models of lending to…
New Delhi: State Bank of India (SBI) will prefer the co-origination model to cater to the financing needs of MSMEs and collaboration with fintechs is a good idea as it helps in assessing the risk…
Almost 40% of Americans plan to spend less…
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020.Mark Makela | ReutersAlmost 40% of Americans plan to spend less on gifts this holiday season than they did last…
Op-ed: The financial outlook for the Hispanic small…
Latino business owners operate in sectors hit hard by Covid-19 and are less likely to receive PPP loans than White entrepreneurs, but Hispanic business formation and revenue was growing before the pandemic and can recover…
‘We have no more savings’: New York City…
The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June…