SGCCI is authorized to provide e-stamping services in Surat, allowing businesses and individuals to pay non-judicial stamp duty online securely.
Summary by TT-Media from “E-Stamping Southern Gujarat Chamber Of Commerce and Industry (SGCCI)” (SGCCI — News & events, Industry body). For the full text, official notices and exact figures, read the original.
Amazon and Flipkart have revised cancellation penalties and logistics fees ahead of the festive season, impacting seller margins. Flipkart charges flat fees for delays and cancellations, while Amazon links penalties to order value. Rising logistics costs add to the burden.
Why it matters
Textile and apparel sellers on e-commerce platforms should factor in higher cancellation fees and logistics costs when planning festive season inventory and pricing.
SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.
Why it matters
Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.
IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.
Why it matters
Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.
IRDAI has extended the deadline for feedback on proposed insurance distribution reforms to October 31 after receiving over 650 comments. The reforms aim to cap commissions and lower expense limits but face opposition from brokers.
Why it matters
Textile MSMEs should monitor IRDAI’s final norms, as tighter credit insurance rules may affect trade finance costs.
Verified suppliers and buyers, GST invoices on every order, payment before dispatch.
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