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THE HINDUWest Asia conflict to trim 100 bps off MSME revenue, upto 100 bps margin this fiscal: Crisil
The adverse impact of the ongoing conflict in West Asia will hit micro, small and medium enterprises (MSMEs) in India hard this fiscal, impacting both revenue and profitability according to a study by Crisil Intelligence. As per it’s projections revenue growth of MSMEs will moderate to 7.5-8.5%, down 100 basis points (bps) compared with fiscal 2026, while earnings before interest, tax, depreciation and amortisation (Ebitda) margin will decline 50-100 bps to 5-5.5%.
CORPORATE RESTRUCTURINGCompetition Commission okays UPL group's crop protection businesses reorganisation
New Delhi, The (CCI) on Tuesday cleared a of entities that will consolidate the company's domestic and global .
PARTNERSHIPS AND ALLIANCESKarnataka Bank, Tobacco Board ink pact to help growers in Ktka
Karnataka Bank has entered into a partnership with the Tobacco Board to provide customised financial solutions to registered tobacco growers across Karnataka. Under this initiative, Karnataka Bank will offer a dedicated suite of banking and credit facilities designed specifically to meet the financial requirements of tobacco farmers registered with the Tobacco Board.
NEW OFFERINGSAlkem rolls out single-shot pre-filled syringes of semaglutide
Alkem Laboratories has brought in semaglutide in single-shot pre-filled syringes, in multiple dose strengths, starting at ₹350, the company said. The company had received the regulatory Drugs Controller General of India’s approval for the manufacture and marketing of semaglutide pre-filled syringes for type-2 diabetes and obesity, the company said.