KNAB Finance Advisors Pvt. Ltd, a fin-tech firm that provides unsecured working capital loans to small and medium-sized enterprises (SMEs), has raised a little over Rs 2.5 crore in two funding rounds. Non-banking financial company (NBFC) InCred, and over a dozen individual investors including Min…
Hyderabad-based start-up CloudBoost to represent India at MassChallenge & Parallel18
CloudBoost.io, a Hyderabad-based startup has been invited to participate in MassChallenge and Parallel18, representing India on the global platform at two of the leading startup accelerators in the world. CloudBoost builds a cloud platform that lets software developers build apps in half less tim…
Cabinet approves MoU between India and Sweden on IPRs cooperation
The Union Cabinet chaired by Prime Minister, Narendra Modi has approved the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property Rights (IPRs). The MoU establishes a wide ranging and flexible mechanism through which both countries can exc…
Govt extends tax break for industry in hilly states till 2027
Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, albeit as refund, under the current GST regime which was rolled out on July 1, Finance Minister Arun Jaitley said. “Within the framework of the GST Act each industry will be entitled…
Google buys Indian-origin professor’s health monitoring start-up
The acquisition once again highlights the importance of healthcare technology for Google
Google also made its first-ever Indian acquisition in July, 2017 with AI start-up Halli Labs
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#Freedom@70: Consumer focus building successful firms, big or small
As India celebrates its 71st Independence, enterprisesdemonstrate that they can build success stories by delivering quality services and products to the consumer
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What’s holding an entrepreneur back?
An investor is less constrained by capital and more by the apprehension that policy micro-managers are at large
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Your credit data may be at risk as hackers seek to bully start-ups
While security is an important aspect of business in the fintech space and there have been incidents of cyber heists, start-ups have to balance expense between security measures and expansion of business
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‘NBFCs are bankable source of funds for SMEs’
Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had earlier been the forte of banks and NBFCs had a limited role in this segment. But now, this is changing. Enquiries with many small businesses showed o…
‘Timely payments for MSMEs are crucial’
It is a well-known fact that the economic success of developed economies is driven significantly by micro, small and medium enterprises (MSMEs). MSME development, especially access to finance, has been a focus area in India too. However, despite being a prime policy focus, MSME access to finance …