MSME financing, powered by VCs; The art and science of AI anxiety

Posted under: MSME
Date: 2023-11-17
MSME financing, powered by VCs; The art and science of AI anxiety

US-based retail giant Walmart anticipates a boost in its Q4 numbers from Flipkart's Big Billion Day as the festive season and blockbuster sales come to an end. Walmart reported $453 million in profits for Q3, with revenue growing by 5.2% YoY. Meanwhile, the Reserve Bank of India (RBI) has tightened norms for unsecured personal loans for banks and non-banking financial companies, increasing risk weights by 25 percentage points. TVS Motor Company is entering the European market through a partnership with Emil Frey Group. Venture capital is emerging as a significant funding source for Indian MSMEs, with VCs targeting profitable family-run enterprises. AI anxiety among Indian workers is increasing, with 74% expressing concerns about job displacement. Equity Address offers tokenized and fractional ownership of vacation homes. Spotify and Alibaba cancel cloud spinoffs due to China's advanced chip restrictions.

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