Offering high quality investment management services in asset classes that impact the financially excluded, IFMR Investments has now rolled out ‘IFMR FImpact Long Term Multi Asset Class Fund’– a debt fund of Rs 250 crore, dedicated to provide working capital for financial inclusion enterprises in…
Bangla ban on raw jute export hits Bengal jute mills hard
The over Rs 8,000 crore jute industry, which has been passing through a demand crisis and subsequent closures at the mills level, is also being hit hard by imposition of ban on export of raw jute by the Bangladesh government, said top Indian Jute Mills Association (IJMA) officials. The ban has l…
‘Bioscope’ multiplex to expand in eastern region
Kolkata-headquartered multiplex brand ‘Bio-scope’ is on an expansion mode. Having produced a number of Satyajit Ray masterpieces, Priya Entertainments Pvt Ltd owned Bio-scope is looking forward to expanding the multiplex brand beyond the Bengal borders, said Arijit Dutta, Managing Director, Priya…
Primarc iVenture to help start-up business
Kolkata-headquartered retail and realty player Primarc Group has now floated a new company called Primarc iVenture to nurture and foster business ideas and promote start-up ecosystem. Primarc iVenture will help start-ups by funding and guiding them to grow and carve their own success stories, wit…
Gems & Jewellery body opposes move to make PAN card mandatory for gold buying
The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has expressed disappointment over imposition of requirement of PAN Card on any transaction of Rs 2 lakhs and above. GJF…
WOW Momo gears up to become India’s McDonald
From a one-outlet brand to a 50-outlet pan-India chain, “Wow! Momo” certainly seems to be making it big in the restaurant brand space. Started by two college buddies even before coming out of the college, ‘WOW Momo’ now has 50 outlets across Kolkata, Chennai, Pune, Bangalo…
Exclusive | Rooftop Solar – a big opportunity for MSMEs in Bengal
West Bengal government may soon introduce roof top solar power system, especially for high rise buildings. This in turn is expected to through up huge opportunities for the small and mid-sized solar companies, panel makers. That’s not all. Moves are afoot to offer a subsidy/incentive of 20 per c…
Daiwik Hotels bets big on pilgrim hotel biz
Kolkata-headquartered fledgling hotel group Daiwik Hotels Pvt Ltd is betting big on the growth of pilgrim hotel business in the country. The company, which at present, runs two full service 4-star pilgrim hotels at Rameswaram in Tamil Nadu and Shirdi in Maharashtra, has lined up plans to come up …
Food chains like Rozario show up on Kolkata eating out menu
His revenue model thrives on two USPs- suspension and fusion. And riding on these two, he has grown from a single outlet restaurateur to chef-owner of three fine dining restaurants in Kolkata and is on his way to spread wings beyond Bengal. Pradip Joseph Rozario, who was adjudged the best Young C…
NRIs may emerge as key source of funding for socially-relevant solar sector | Biju Balakrishnan, CEO, Def Mart
Right from the word ‘Go’, it has been a Mission-Driven company. And the trigger was not that difficult to understand. Couple of aspiring entrepreneurs—all with army background came together and naturally wanted to contribute back to the society. And they wanted to do it by way of creating brands …