Chennai: Lakshmi Vilas Bank (LVB) will revamp its loan policy to increase the share of its core business segments to three-fourth of the loan book by 2019. Its key segments — retail, SME and agriculture — had a combined share of about 55 per cent in its loan book of ₹20,069 crore (as of September…
New exit norms will help failed start-ups
Mumbai: Companies will find it easier to shut shop by getting their names removed from the corporate register. As not all startups take off, the new provisions are expected to help entrepreneurs. Once this quick process is carried out, inoperative companies do not have to go through the tedious a…
Gujarat awaits a brand new start-up policy in 2017
Ahmedabad: Gujarat will come up with a comprehensive startup policy this year that would be an extension of the policies already in place. Gujarat Industrial Development Corporation vice-chairperson D Thara said the new policy would be better and more practical. Existing policies will not be disc…
Budget2017: Online payments may get cheaper with tax rebates in offing
Payments through digital channels including internet banking, debit card and credit card are likely to become cheaper. The Union Budget, which will be presented on February 1, is likely to announce tax rebates on such transactions. Currently, payments ranging from restaurant bills to booking a ai…
Online lending platform Capital Float grows 400% in Delhi-NCR
Online lending platform Capital Float claims to have witnessed a 400 per cent growth in Delhi-NCR region in 2016 as over 1,000 SMEs availed loans on the platform. “Our disbursal volumes and values have skyrocketed in Delhi NCR in 2016. In the coming year, we are expecting a 500% rise in disbursal…
E-security start-up Securens gets funding from Mayfield, Trifecta
Mumbai: Electronic surveillance technology firm Securens Systems Pvt. Ltd has raised a little over $5 million (Rs35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital. The latest round of fund-raising saw Mayfield invest Rs15 crore (approximate…
275 Acts increase the risk of non-compliance in SMEs
One of the effects of demonetisation has been the increasing transparency that organizations need to adhere to when it comes not just to transactions, but also to processes. These processes could include ERP systems and adoption of various other technology-driven tools in keeping with the Digital…
Smriti Irani promises to resolve issues of handicraft exporters soon
Ministries of environment and textiles will soon meet to find long-term as well as short-term solutions to the challenges being faced by domestic handicrafts exporters. A meeting to resolve the issues of Indian handicrafts exporters will soon be convened, Textiles Minister Smriti Irani has said. …
नोटबंदी: वर्ल्ड बैंक ने भारत की GDP ग्रोथ का अनुमान घटाया, लेकिन अभी भी चीन से आगे है भारत
नोटबंदी के चलते वर्ल्ड बैंक ने भारत की ग्रोथ का अनुमान फाइनेंशियल ईयर 2016-17 के लिए घटाकर 7 फीसदी कर दिया है। पहले वर्ल्ड बैंक ने 7.6 फीसदी जीडीपी ग्रोथ का अनुमान इस साल के लिए जताया था। हालांकि, बैंक ने यह भी कहा है कि 2017-18 में भारत की ग्रोथ रेट 7.6 फीसदी और […]
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Vibrant Gujarat: Reliance’s cumulative investment at over Rs 2.4 trillion in Gujarat, says Mukesh Ambani
Reliance Industries Ltd Chairman Mukesh Ambani said his company has made cumulative investments worth over Rs 2.4 trillion to date in Gujarat state, making it the largest investment by a single Indian corporate house in one state. Out of this, Rs 1.25 trillion were invested in the last four years…