Author: FinSiddhi
Progcap looks to raise $45 million equity capital in FY28 to fuel growth
MSME fintech firm Progcap aims to raise up to USD 45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business. “We are planning a capital raise through equity dilution next financial year,” Progcap co-founder Himanshu Chandra told PTI. It would be through private placement of shares, and the quantum…
News in brief global: From China’s Long March 10B to NATO’s new initiatives
Global defence developments include China’s reusable rocket milestone, US space warfare capability, autonomous drones and Nato’s industrial initiatives.
SME tracker: Domestic cushion for gems & jewellery MSMEs amid export woes
The highly fragmented and labour-intensive industry relies on imported raw materials such as gold and rough diamonds, exposing it to demand fluctuations and geopolitical disruptions
Power arcade: Stealth weapon systems
From stealth fighters and hypersonic missiles to AI-enabled drones and robotic vehicles, global powers are accelerating the development of next-generation weapon systems.
Four in five MSMEs see digital procurement driving growth: Report
The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels
A man ahead of his time
General K Sundarji’s biography explores India’s military doctrine through its most tumultuous decades
Centre proposes to curb powers of states to tax minerals
The central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the national viability of mining operations, as previous overly burdensome taxes deterred mineral extraction. Following a 2024 Supreme Court ruling that permitted states to add taxes, the proposed legislation aspires to introduce a standardized and fair…
