The city’s traditional art of embroidery – ‘chikankari’ and other small businesses would soon get a digital push. Social networking giant Facebook has lent a helping hand to Lucknow’s women entrepreneurs, motivating them to use its digital space as a platform to reach out to consumers. Experts fr…
Knitwear exporters dejected over RBI decision on repo rate
The Tirupur Exporters’ Association (TEA) said the Reserve Bank of India’s decision to keep the repo rate unchanged at 6.25 per cent has disappointed the exporting community, which was expecting a reduction in interest rate, post demonetisation. The reduction in interest rate is the most important…
Silver lining: Infosys founders’ accelerator doubles start-up intake
Amidst the gloom in India’s startup ecosystem over a funding crunch, here’s a silver lining: Bangalore’s Axilor has announced a doubling of the intake of startups for its accelerator program. Axilor was launched in November 2014 by Infosys founders Kris Gopalakrishnan and S D Shibulal along with …
Laghu Udyog Bharati signs skills development pact with NSDC
Laghu Udyog Bharati, an RSS affiliate associated with small industries, has signed an MoU with National Skill Development Corporation (NSDC) to impart training to students in various sectors. The training will be provided in sectors like apparel, automotive, beauty and wellness, textiles, gems an…
Flipkart, Amazon & Snapdeal join hands, flag concerns over GST
In a rare sight, top bosses of country’s major e-commerce players – Flipkart, Amazon and Snapdeal shared dais to raise their concerns over the draft Model GST Law. The draft proposes a clause called ‘Tax Collection at Source’ (TCS – Section 56). Under this, e-commerce marketplaces will have to de…
Nasscom’s IoT centre ties up with Revvx for start-up accelerator
IT industry body Nasscom’s Centre for Excellence for Internet of Things has tied up with Bangalore-based hardware accelerator Revvx to launch an accelerator that will focus on startups in areas such as IoT, smart gadgets and artificial intelligence. As part of the alliance Revvx will move its upc…
TAGMA India to organise 2nd International Tooling Summit 2017
New Delhi: Apex Body of Indian Tooling Industry – TAGMA India is going to organise the second International Tooling Summit 2017 here from February 9 – 10. The Tool Room Industry forms an integral part of the production process in almost every industry and are considered the mother ind…
CarTrade raises $55 mn afresh to drive growth
CarTrade, India’s leading online automobile classifieds platform, on February 8 said that it has raised $55 million in a fresh round of funding led by Temasek, an investment company based in Singapore, alongside a large US family office. This injection of capital will be used to support CarTrade’…
Mobikwik sees spike in merchant enrolment in Tier II, III; registers 3k% growth
Indian mobile wallet major MobiKwik has said that Tier II and Tier III towns are leading the next level of growth in cashless transactions as the steps initiated by the Central Government to promote digital payments in smaller towns are yielding results. States such as Uttar Pradesh, Bihar and Jh…
Education technology start-up Acadgild provides learning via mentors
Vikalp Jain is a techie who believes that software development requires highly specialised skills, best learned with guidance from experienced practitioners. “Online videos or classroom formats are poor substitutes for building real projects with the help of a dedicated mentor,” says Jain, Co-Fou…