Mumbai: The Securities and Exchange Board of India (Sebi) is taking a fresh look at setting up a regulatory framework for crowdfunding, said two people aware of the development. Sebi’s proposals include introducing a minimum net worth criteria for investors to be eligible to invest in start-ups t…
Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty
Mumbai: Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands. The microfinance lender is in talks with private equity firm Kedaara Capital Investment Managers Ltd to sell mor…
बिहार में नये उद्यमियों को स्टार्टअप के लिए 10 लाख तक का व्याज फ्री लोन
राज्य सरकार नये उद्यमियों को बड़ी राहत देने जा रही है। अब स्टार्टअप के लिए आगे आने वाले उद्यमियों को 10 साल के लिए 10 लाख तक का ब्याज रहित ऋण मिलेगा। साथ ही एक स्टार्टअप एडवाइजरी कमेटी भी बनेगी। मुख्यमंत्री नीतीश कुमार की अध्यक्षता में शुक्रवार को राज्य कैबिनेट की हुई बैठक में स्टार्टअप [……
NSDC, Amazon India team up for Nagaland women entrepreneurs
New Delhi: The National Skill Development Corporation (NSDC) has partnered with Amazon India to drive digital literacy among women entrepreneurs in Nagaland. The initiative will enable them to sell their products internationally, Skill Development and Entrepreneurship Minister Rajiv Pratap Rudy s…
22 Public Sector Banks enhance limits of 38,300 SMEs
New Delhi: As many as 22 Public Sector Banks (PSBs) have reported enhancement of limits of 38,300 small and medium enterprises (SMEs), the Ministry of MSME has said. In a social media post, the Ministry said an enhancement of limits takes place upon renewal, revision or request by the borrower c…
Parliamentary Panel gives suggestions for MSME sector; To asses NPAs & impact of note-ban
A parliamentary panel has called for an assessment of the micro, small and medium enterprises to see whether the note ban has led to increase in NPAs for the sector. In its report, the Department Related Parliamentary Standing Committee on Industry said, “an assessment panel should be made …
Are 3 months enough for industry to prepare for GST, ask experts
The Finance Minister Arun Jaitley-headed GST council on March 16 cleared drafts of the State GST Bill and the UT GST Bill marking a big step forward in India’s plans for a countrywide rollout of Goods and Services Tax (GST) from July 1. The progress made towards rolling out the Goods and Service…
Virtual reality startup ShilpMIS raises angel funding
Surat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told. Founded earlier this month by I…
Agri-tech start-up FarMart raises seed funding from IAN
Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. O…
Venture Catalysts joins hands with TiECON 2017 as the investment partner for ‘The Pitch Room’
Giving wings to the entrepreneurial vision of innovators and business leaders of the future, Venture Catalysts, Indian seed investment and innovation platform, has tied up with the upcoming TiECON 2017 as its investment partner. Under the association, angel investors from VCats will participate i…