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MSME Companies Latest News & Headlines | The HinduBusinessLine

UPI MDR: Retailers flag 0.4% charge and impact on MSMEs BRICS trade ministers to study invoice discounting mechanism for MSME financing Lok Sabha approves MSME Bill to speed up payments, improve ease of business Rajya Sabha passes MSME Amendment Bill to speed up payments and strengthen MSMEs Axis Finance launches Drishti platform to automate credit decisioning and retail lending ‘MSMEs must innovate, scale up to build competitive global businesses’ ‘Moving up the value chain key for MSMEs to capture the clean mobility opportunity’ Kerala pitches Palakkad industrial city to attract Tamil Nadu MSMEs ‘MSMEs must break out of the small comfort zone and grow’ Despite government initiatives, lack of awareness hindering MSME financing MSMEs should not aspire to remain small forever, says Elgi Equipments chief Small businesses, big impact businessline MSME conclave in Coimbatore to focus on crisis resilience IMC launches MSME Champions 2026 to highlight innovation and growth I talk to paneer and milk”, says the man behind Milky Mist’s incredible dairy journey ‘MSMEs struggle to retain skilled workers as talent, compliance and AI challenges mount’ MSMEs must lead India’s innovation push to achieve Viksit Bharat goal, say industry leaders MSMEs key to India’s developed nation ambition: KDEM Chairman Move beyond ‘Made in India’ to ‘designed in India’: Karnataka Minister RBI issues final directions for TReDS platforms to boost MSME financing MSMEs are India's entrepreneurship nursery, RBI to continue strong support: Governor Malhotra MSME Ministry reviews impact of West Asia crisis on small businesses India-Oman CEPA opens duty-free access for textile and apparel exports Meesho partners BSE for Project Shikhar to help MSMEs and sellers go public Nara Lokesh says MSMEs central to Andhra Pradesh’s 20 lakh jobs mission Tamil Nadu MSMEs hit by 50% production drop as polymer prices surge amid global tensions CII Kerala highlights AI as growth driver for MSMEs at Digi-Tech seminar West Asia Conflict : Plastics manufacturers raise concerns about polymer price hikes, seek survival package for MSME units MSMEs seek 6 months debt moratorium as gas supply shortage hits operations Progcap extends ₹10,000 crore credit to women entrepreneurs
AI fuels growth for Indian SMBs despite tech challenges: ...
By BL Bengaluru Bureau · 2024-12-19 · via MSME Companies Latest News & Headlines | The HinduBusinessLine
A recent Salesforce report reveals that 78% of small and medium-sized businesses in India are utilising or experimenting with artificial intelligence), with the leading applications being automated service chatbots, marketing campaign optimisation, and content generation.

A recent Salesforce report reveals that 78% of small and medium-sized businesses in India are utilising or experimenting with artificial intelligence), with the leading applications being automated service chatbots, marketing campaign optimisation, and content generation.

A Salesforce report shared that 78 per cent of SMBs in India are using or experimenting with AI. The top three use cases are automated service chatbots, marketing campaign optimisation, and generating new content. Additionally, 93 per cent of Indian SMBs with AI say it increases revenue.

Salesforce released its sixth edition of the Small & Medium Business Trends Report, with insights from 3,350 leaders from small and medium-sized businesses (SMBs) across 26 countries, including 200 from India. The report highlights how forward-looking SMBs are using AI to drive growth amid the rise of autonomous AI agents.

Forty-one per cent of SMB leaders in India worry their company will be left behind with AI. As technology offerings multiply and capabilities expand, SMB leaders face mounting pressure to manage their tech stack effectively. Sixty per cent say keeping pace with changing technology is challenging, and 35 per cent say there is less time to master all the tech their company uses.

According to the report, 86 per cent of SMBs in India say improving the quality of their data would increase revenue. With consumer trust at its lowest point in years, SMBs are prioritizing reliable partnerships as they navigate a world of security risks and rapid technological change.

Ninety-one per cent of SMBs in India said they would spend more on tech from trusted vendors. The top three SMB concerns about AI in India are security concerns, a tie between compliance concerns and customer distrust of AI, and poor data quality.

“AI and agents are reshaping what’s possible across business functions like marketing, sales, service, and commerce,” said Arun Kumar Parameswaran, Managing Director of Sales at Salesforce India. “Small businesses are demonstrating that innovation and growth are not limited by size. By leveraging AI-driven technologies such as autonomous agents, SMBs are unlocking efficient ways to scale—delivering personalised customer experiences and optimizing back-office operations.”

Published on December 19, 2024