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The Economic Times

AI is the future: Wegofin founder Prabhu Kumar shares his vision on growth and innovation in business banking

Wegofin, led by Prabhu Kumar, leverages AI to simplify financial management for SMEs and large enterprises. The platform integrates all banking services, automating tasks and enhancing decision-making. Businesses benefit from connected banking, API payouts, digital taxation, and fraud prevention—streamlining operations and boosting growth.

Business Standard

'SMEs turn to capital markets for funding, raise Rs 11,000 crore'

Small and Medium Enterprises (SMEs) are increasingly turning to the capital markets for funding, with 780 SMEs listed on the NSE and BSE as of June 2024, a senior official said on Wednesday, adding that these companies have raised approximately Rs 11,000 crore. The combined market capitalisation of these SMEs now exceeds Rs 1.6 lakh-crore, Shekhar Chaudhary, director of the financial markets division at the department of economic affairs, said. Speaking at the 10th edition of the CII (East) Capital Markets Conclave, Chaudhary emphasised the vital role capital markets play in India's economic growth and development. A report on SME Initial Public Offerings (IPOs) was released during the event. Experts discussed how capital markets could drive India's economic future by empowering SMEs to make significant contributions to the country's GDP, a statement said. Chaudhary also noted that in the social enterprise sector, nine NGOs have raised Rs 12 crore through a social exchange platform

The Economic Times

Attractive buy, good long-term investment: Sunil Mittal on Bharti's stake acquisition in BT

Bharti Enterprises Chairman Sunil Mittal has deemed acquiring a 24.5% stake in BT Group as a "good, long-term investment" and an "attractive buy", citing the company's strong portfolio of home broadband, fibre, mobile and enterprise offerings. Mittal expressed confidence in BT's investment and business prospects and said that while the priority is to understand the company and the UK market in-depth, he would be open to more opportunities in Europe in the future.

Business Standard

Significant milestone, says Sunil Mittal after buying stake in BT Group

The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy. Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK. Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises. "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," said Allison Kirkby, Chief Executive of the BT Group. "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th

The Economic Times

Great vote of confidence: BT hails Bharti Group's investment

Bharti Global has acquired a 24.5 per cent stake in British telecom company BT Group from Altice UK. The investment is a "great vote of confidence" for Bharti Enterprises, as it represents a significant milestone in the company's future and strategy. The Indian High Commissioner to the UK, Vikram Doraiswami, welcomed the deal as a sign of the strength of the India-UK technology partnership.

Business Standard

Almost 60% of MSMEs plan to digitise their business processes by 2025: Vi

Almost 60 per cent of MSMEs plan to digitise their business processes, and 43 per cent plan to increase their digitalisation budget by 2025, according to a study by Vi Business, the enterprise arm of Vi (Vodafone Idea). Medium, Small, and Micro Enterprises (MSMEs) are the backbone of India's economy, currently contributing nearly 30 per cent to the country's GDP, the report said. There are several studies that suggest MSMEs will boost their GDP contribution to 35-40 per cent by 2027. Hence, MSMEs must adopt digital transformation to unleash their growth potential and play a pivotal role in making India a Viksit Bharat (a developed economy) by 2047, it said. The 'Vi Business ReadyForNext MSME Growth Insights Study' drew insights from 1.6 lakh respondents across 16 industries. "In FY 2025, MSMEs are looking to prioritise digitalising business processes (59 per cent) over workspace optimisation (29 per cent), and customer engagement (12 per cent), indicating need for future-proofing

Business Line

Hindenburg report was designed to defame Adani Enterprises: Gautam Adani

Gautam Adani emphasises Adani Enterprises’ strong financial health and strategic preparedness for future growth