The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final …
Only a ministry for pharma can save SMEs in this sector: IDMA President
While supporting the Union government for its programs like ‘Make in India’, and assuring that there will not be any compromise on quality aspects, the newly elected national president of the Indian Drugs Manufacturers’ Association (IDMA) said that nothing less than a Ministry for Pharmaceuticals…
KVIC gives big boost to PM’s ‘Digital India’ dream
Mobile and broadband connectivity has the power to change the lives of poor and backward communities, and give them a brighter future. This can be seen from the initiative taken by Khadi and Village Industries Commission — one of the biggest job providers in the country — in bringing to life PM N…
Credihealth raises $1.5 mn in pre-Series A round
Gurgaon-based Credihealth Pvt. Ltd, an online medical assistance company, said on April 17 it has raised $1.5 million (Rs 10 crore) in a pre-Series A funding round. The healthcare startup secured the investment from Tolaram Inc., the family office investment arm of Tolaram Group, and Mountain Pin…
Maharashtra chalks out special industrial policy for women entrepreneurs
Three incubation centres, 10 industrial clusters, Rs 50 crore venture capital fund, 15-30 per cent capital subsidy, lower power tariff, special skill training centres and branding-marketing support. These are all part of the Fadnavis government’s latest proposal to support and attract women…
Jacqueline Fernandez puts her money in juice making start-up
Mumbai: Bollywood actress Jacqueline Fernandez has invested in Rakyan Beverages that makes juices under the Raw Pressery brand, becoming India’s first celebrity to part-finance a consumer products firm, and help drive sales. The latest funding follows a global trend where celebrities are increasi…
Indian fintech start-up perfios raises $6.1mn in series A
Last week, Perfios, a fintech startup based in Bangalore (Bengaluru), India, announced it had raised approximately $6.2 Million (400 Million INR) in its Series A round of funding. The funding is a sign of how much the fintech market has been steadily growing in India the last few years. According…
Skill development panel report to be made public
The Centre is set to make public the findings of the report made by Sharda Prasad committee, which was formed by the government to re-evaluate the National Skill Development Mission. The committee has reportedly advised the skill development ministry to not only drastically reduce the number of s…
First call soon for Indian version of ‘Shark Tank’
New Delhi: It is time for start-ups scouting for investors to tighten their seat-belts. The first call for applications for participation in the great Indian reality show designed specially for them could happen as early as next month. “A decision has been taken on allowing at least 50 start-ups …
IITians set up start-up to wash cars,bikes
Allahabad: Three pass-outs of Indian Institute of Technology, Banaras Hindu University (IIT-BHU) MTech, Shwetank Agarwal, Pawan Paul Lakhra and Rashmi Ranjan Rout have set up a company which offers car and bike wash at one’s doorstep in Allahabad and Varanasi. After getting recognition as a…