The Federation of Indian Micro and Small & Medium Enterprises (FISME) has made a scathing attack at e-commerce majors like Amazon and Flipkart, stating their business model is hurting the local industry.
The Confederation of All India Traders held its latest protest against US-owned Amazon and Flipkart in Jantar Mantar, New Delhi, on December 12 and asked the government not to “collude” with the businesses.
The Sarafa Association held a seminar to discuss issues relating to the jewellery industry in Jalgaon, where the Gem and Jewellery Export Promotion Council presented on schemes for micro, small, and medium enterprises.
The government is working on a new definition for micro, small, and medium enterprises linked to turnover instead of capital deployed in plant and machinery and could allow more businesses to make use of incentives.
Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
The Bombay Stock Exchange partnered with the Federation of Indian Chambers of Commerce and Industry to encourage growth in the Micro, Small, and Medium Enterprise sector at an event with 40 stakeholders.