Latest news with #SME
Zawya
3 hours ago
- Business
- Zawya
Circular economy and local added value in Oman
The Sultanate of Oman is now in full acceptance of the circular economy concept which is known as a restorative and regenerative system which looks at waste as a potential resource. This shift is reflective of the Oman Vision 2040, which is the country's holistic development plan focusing on economic diversification, sustainability, human capital development, education, social equality, innovation, and a healthy environment. The circular economy is supportive of these objectives by transforming waste into business opportunities that bolster the economy while creating domestic jobs, conserving resources, and mitigating environmental damage. Oman's circular economy initiatives are already yielding some local results which include, amongst others, more than 2300 direct jobs. These initiatives include Waste-to-Energy projects, PET recycling, water reuse, and SME participation. Also observed are the import substitution of recycled materials, the development of innovation ecosystems, and the reduction of greenhouse gas emissions. The circular model is thus not only an environmental imperative, but a key driver of local value creation. This paper adds to the discussion of Oman's circular economy which is still emerging, the key national institutions such as be'ah, the flagship infrastructure and recycling projects, and their role in local value creation aligned with Vision 2040. OMAN'S STRATEGIC FOUNDATIONS FOR CIRCULARITY The Oman Vision 2040 focuses on transitioning the Sultanate into a diversified, sustainable, knowledge-driven economy. It fosters private-sector leadership while enhances human capital and economic conserves environmental diversifies. The circular economy provides a practical framework to advance all these pillars in parallel. The government has established a National Local Content Policy (2024–2030) which focuses on increasing the in-country value for all economic activities. The policy aligns well with circularity as it promotes local supply chains, prefers SMEs for government contracts and encourages sourcing of materials and services domestically. The rest of the regions industrialized zones (Suhar, Duqm, Salalah, and Al Mazunah) strategically positioned to integrate recycling, repurposing, and green manufacturing. Along with ESG (Environmental, Social, Governance) frameworks introduced by the Oman Investment Authority, there is strong institutional support for a circular transition. Geographic and demographic Oman unique characteristics also offer advantages. The arid land, abundant solar radiation, and young, educated people are well positioned to innovate in water reuse, renewable energy, composting, and low-waste agriculture. INFRASTRUCTURE & INSTITUTIONAL SYSTEMS Oman is one of few countries leading investments towards circular economy infrastructure. The most prominent example is be'ah – Oman Environmental Services Holding Company – responsible for the solid waste management system of the country. Be'ah's mandate also focuses on lowering waste generation, increasing recycling and reuse, and reduced reliance on landfills. Currently, be'ah oversees more than 10 operated engineered landfills that include the major facilities in Barka and Suhar. The hazardous waste treatment plant in Suhar is one of the largest in the region petrochemical and industrial clusters in the north. In addition, there is a waste-to-energy plant in Barka that is under construction which is expected to process 4,500 tons of municipal solid waste daily and provide electricity to the national grid. In partnership with Sultan Qaboos University, a pilot biogas plant has been started with the treatment of organic waste from households and farms. Such initiatives not only provide clean energy but also promote technological and workforce innovations. Another crucial component is treated wastewater. Oman reused about 51 percent out of 96 million cubic meters of treated wastewater in 2023, particularly in industrial and agricultural sectors. This substitution also reduced CO₂ emissions by almost 291,000 tonnes. Oman is also working on expansion plans that will increase the tertiary treatment of water to one million cubic meters daily by 2040. ASPECTS OF VALUE ADDED WITHIN THE COUNTRY Oman's initiatives within circular economies highlights the added value as a combination of several factors: Employment Opportunities: More than 2,300 jobs in recycling, sorting, composting, and logistics have been created by be'ah. Other sectors benefiting include Transport, Repair, Technology, and Facility Management due to the multiplied effect. Empowerment of Small to Medium Enterprises: Oman's Local Content Policy allows contracts below RO 25,000 to be awarded to local SMEs, thus stimulating waste management businesses including collection, composting, plastics processing, and electronics refurbishment. Reduction of Foreign Imports: The locally produced recycled PET, crumb rubber, and steel sourced from e-waste contributes to lowering foreign sourced materials. Compost cuts down on the use of chemical fertilizers. Technology and Innovation: Oman is incorporating innovation into its circular economy through AI-driven recycling facilities and advanced water reuse technologies. Green startups are being supported at centers like Innovation Park Muscat and Sultan Qaboos University. Environmental Gains: Healthcare benefits alongside reduced emissions from water reuse and landfill diversion are significant. Through treated wastewater reuse, 291,000 tons of CO₂ emissions were mitigated in 2023, showing impressive progress. Economic Resilience: Oman's self-reliant and economically secure structure is strengthened by local sourcing as it buffers the economy from international supply chain disruptions. CONCLUSION & RECOMMENDATIONS There are clearly defined environmental rationales, but also strategic economic drivers behind Oman's transition towards a circular economy. With the right policies and innovative ideas coupled with strong institutional frameworks and local entrepreneurship focused on infrastructure, Oman can convert waste into a strategic resource for building a sustainable and resilient economy. The key recommendations are outlined below 1. Establish overarching EPR policy framework with defined recycling quotas. 2. Stimulate public sector demand for recycled materials as expressed through public procurement mandates. 3. Enhance allocation and support to green SMEs and innovation centers. 4. Enhance waste segregation and participation at the community level. 5. Consider circular economy frameworks in national infrastructure projects. Oman is transitioning towards circularity based on Vision 2040 which targets the Sultanate's position as a regional leader in sustainable development and value creation. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
India Today
4 hours ago
- Business
- India Today
Mahadev betting app case: Companies owned by Vikas Garg under ED scanner
The Directorate of Enforcement (ED), investigating the Mahadev Betting app money laundering case, uncovered earlier this year how the mastermind of the betting network, Harishankar Tibrewal through Foreign Portfolio Investment (FPI) had invested in several listed Small and Medium Enterprises (SME) purpose of doing so was to manipulate stocks, artificially inflate the stock prices of SME companies in which FPI investments were made. Once the share prices rose, they were dumped and Tibrewal and his accomplices would double or sometimes triple their per sources, the acquisition of Nasdaq-listed Ebix Incorpotated, last year, by an Indian firm, Eraaya Lifespaces, which is promoted by one Vikas Garg, is now under the radar of the anti-money laundering agency. The suspicion by the agency is regarding the funds raised for the acquisition of Ebix Inc. by Eraaya Lifespaces. Ebix Inc. was acquired by Eraaya Lifespaces last year through funds raised from multiple channels and officials, as per sources, also flagged the meteoric rise in the share prices of Eraaya Lifespaces and asked Bombay Stock Exchange officials to investigate it. The suspicion is over the funds raised and later used for the are multiple such SME listed and unlisted companies, promoted and run by Vikas premises were also searched when multiple other companies and linked properties were searched on April 16 by ED of Garg's promoted companies which are under investigation are Vikas Lifecare Limited, Vikas Ecotech Limited, Advika Finvest, Advika Capital Limited and investigations revealed that Tibrewal had, through FPI, made investments in multiple firms owned by then, Garg has been issued multiple summons by ED officials to join investigations in the case. Earlier Garg's companies were under investigation by the Income Tax Investigation Wing, GST and few other other companies under investigation in the case have also been asked to join investigations, which include firms like Ease My Trip, IITL, JTL Industries, Gensol and others. The Securities and Exchange Board of India (SEBI) also has been informed by ED officials regarding manipulation of shares and artificial inflation of proximity to Tibrewal is also being probed by agency officialhttps:// Acquisition attempts for a club in the United Arab Emirates (UAE) were also under the other companies where Tibrewal had invested through FPI, the promoters of many of those companies, are known to Garg has so far carried out around 170 raids across the country and several companies, persons and entities in the Mahadev Betting app case and assets worth over rupees 3000 crores in property, cash and movable properties have been attached, including demat accounts and share holdings.- EndsTune InMust Watch
Yahoo
6 hours ago
- Business
- Yahoo
Asset-based Lending Industry Worth $1.3 Trillion by 2030: Analysis of Investment Opportunities, Emerging Trends, Challenges, and the Competitive Landscape
Growth is driven by trends in fintech, global economic volatility, and increased SME participation Asset-based Lending Market Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Asset-based Lending - Global Strategic Business Report" has been added to global market for Asset-based Lending was valued at US$701 Billion in 2024 and is projected to reach US$1.3 Trillion by 2030, growing at a CAGR of 10.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Asset-based Lending market. The growth in the asset-based lending market is driven by rising demand for flexible financing, the increasing adoption of digital lending platforms, and expanding participation by SMEs. Economic uncertainty and tightening credit conditions have encouraged businesses to explore ABL as a reliable alternative to traditional bank loans. Technological advancements in asset valuation and monitoring have improved risk management, making ABL more attractive to lenders. Additionally, the proliferation of fintech platforms has democratized access to ABL, enabling businesses of all sizes to secure funding efficiently. These factors collectively underpin the rapid expansion of the asset-based lending market. Key Insights: Market Growth: Understand the significant growth trajectory of the Inventory Financing segment, which is expected to reach US$560.3 Billion by 2030 with a CAGR of a 12.1%. The Receivables Financing segment is also set to grow at 10.3% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, estimated at $191 Billion in 2024, and China, forecasted to grow at an impressive 14.3% CAGR to reach $262.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Key Questions Answered: How is the Global Asset-based Lending Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Bank of America, Barclays Bank Plc, Berkshire Bank, Capital Funding Solutions Inc., CIT Group Inc. and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Some of the 48 companies featured in this Asset-based Lending market report include: Bank of America Barclays Bank PLC Berkshire Bank Capital Funding Solutions Inc. CIT Group Inc. Fifth Third Bank HSBC Holdings PLC JPMorgan Chase & Co KeyCorp Lloyds Banking Group Porter Capital Rabobank Australia SLR Credit Solutions TD Bank NA Wells Fargo The report analyzes the Asset-based Lending market in terms of units by the following Segments, and Geographic Regions/Countries: Segments: Type (Inventory Financing, Receivables Financing, Equipment Financing, Other Types); End-User (Large Enterprises End-User, Small and Medium-sized Enterprises (SME) End-User) Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa. This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage. Key Attributes Report Attribute Details No. of Pages 285 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $701 Billion Forecasted Market Value (USD) by 2030 $1.3 Trillion Compound Annual Growth Rate 10.3% Regions Covered Global MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Asset-based Lending - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Demand for Flexible Financing Among Mid-Market Enterprises Drives Lending Uptake Expansion of E-Commerce and Inventory-Based Business Models Supports Asset-Based Credit Growth in Private Equity and Leveraged Buyouts Spurs Demand for Working Capital Financing Increased Use of Receivables and Inventory as Collateral Enhances Loan Structuring Technological Advancements in Asset Valuation and Tracking Improve Lending Efficiency Rise of Alternative Lenders and Fintech Platforms Democratizes Access to Asset-Based Loans Restructuring of Corporate Debt Amid Economic Cycles Fuels ABL Opportunities Businesses Seeking Liquidity During Supply Chain Disruptions Turn to Asset-Based Lending Global Expansion of Non-Bank Financial Institutions Supports ABL Market Growth Sector-Specific ABL Solutions in Manufacturing, Healthcare, and Logistics Drive Diversification Risk Management Technologies and Real-Time Monitoring Tools Reduce Lender Exposure High Demand for Short-Term Bridge Financing Enhances Use of Asset-Based Credit Customized Loan Structures Attract Capital-Constrained SMEs and Startups Increased Acceptance of Intellectual Property and Digital Assets as Collateral Broadens Market Rising M&A Activity and Corporate Turnarounds Accelerate Need for Structured ABL Solutions For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asset-based Lending Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Mint
6 hours ago
- Business
- Mint
Chemkart India shares list on a flat note at ₹250 on BSE SME. Details here
Chemkart India IPO listing: Shares of Chemkart India listed on a lacklustre note on the BSE SME platform on Monday, July 14. Chemkart India share price debuted at ₹ 250 per share as against the issue price of ₹ 248, a premium of just 0.81%. However, within minutes of listing, Chemkart India share price extended gains as it rose to the day's high of ₹ 257.90, recording a 4% rise over the initial public offering (IPO) price. The listing was largely in line with the grey market premium (GMP) trends. Chemkart India IPO GMP was ₹ 3, signalling a 1% listing pop for the company shares. Chemkart India IPO had witnessed a decent demand for its IPO during the bidding process, which opened on July 7 and closed on July 9. At the end of the subscription period, Chemkart India IPO was booked 5.91 times. The individual investor portion was booked 1.63 times, and the non-institutional investor (NII) portion was subscribed 5.64 times. The qualified institutional buyer (QIB) portion was booked the most at 13.69 times. Chemkart India IPO was a book-building offer of ₹ 80.08 crore. The issue was a combination of a fresh issue of ₹ 64.48 crore and an offer for sale of ₹ 15.60 crore. The company plans to use the funds raised for financing the expenditure towards setting up a manufacturing facility through investment in a wholly-owned subsidiary, repayment of certain borrowings availed by the company and for general corporate purposes. Smart Horizon Capital Advisors Private Limited was the book-running lead manager of the Chemkart India IPO, while Bigshare Services Pvt Ltd acted as the registrar for the issue. Chemkart India is a distributor of high-quality food and health ingredients. The company targets the B2B platform, providing products for manufacturing supplements like sports, health, vitamins, and protein.
Time of India
9 hours ago
- Business
- Time of India
Spunweb Nonwoven IPO: Check GMP, price band, issue size and other details
Spunweb Nonwoven launches its IPO today, aiming to raise Rs 61 crore through a fresh issue of 63.52 lakh shares priced at Rs 90–96 each. The Rajkot-based manufacturer of nonwoven fabric, experiencing strong informal market interest with a 36% GMP, plans to use the IPO proceeds for working capital, subsidiary investment, and debt repayment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Spunweb Nonwoven, a spunbond nonwoven fabric manufacturer, will open its initial public offering (IPO) today. The book-built issue is entirely a fresh offering of 63.52 lakh shares, aiming to raise Rs 61 crore, with the price band set at Rs 90–96 per share. The offer will close on July 16 and the stock will list on the NSE SME of the IPO opening, the GMP is around 36% over the issue priceThe IPO is seeing strong interest in the informal market, with a grey market premium (GMP) of 36%, suggesting a potential listing price of Rs 130 or higher. Investors can apply for a minimum of 2,400 shares, amounting to ₹2.30 lakh, making it suitable primarily for well-funded retail and HNI incorporated in 2015 and based in Rajkot, Gujarat, manufactures nonwoven fabric used across hygiene, medical, packaging, agriculture, and construction 65% of its revenue comes from the hygiene segment. The company exports to multiple countries including the USA, UAE, Italy, Egypt, and Saudi Arabia, and has built strong client relationships with brands such as Millennium Babycares, RGI Meditech, and Myra the company has posted solid growth. In FY25, it saw a 47% jump in revenue and 98% growth in profit, with EBITDA nearly doubling IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
