The Centre would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said. “It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours (of the scheme). Hopefully, we will la…
Fintech start-ups can lead the way to India’s financial inclusion
India is changing into an effervescent ecosystem offering fintech lending start-ups a platform to potentially grow into billion-dollar unicorns. Although relatively young at present, the sector is escalating rapidly, fueled by the large innovation-driven start-up landscape, and responsive governm…
Demonetisation: KVIC sales grow 9.25% in Dec in spite of cash ban
Sales of khadi and village industry products grew 9.25 per cent in December despite the demonetisation drive, KVIC said. The Khadi and Village Industries Commission (KVIC) sells these through more than 7,100 sales outlets across the country. Chairman V K Saxena said the decision to demonetise Rs …
Developing a relationship with customers can be a game-changer for SMEs
Customer-centricity simply speaking means bringing customers at the centre of the enterprise and aligning strategies, decisions and actions to deepen this relationship with them over a period of time. Aligning strategies, decision and actions includes products, distribution, behaviour, business m…
Centre, state go all out to make Vibrant Gujarat Summit a success
Ahmedabad: The Centre is leaving no stone unturned to make the biennial Vibrant Gujarat Global Summit a success. The five-day event is scheduled to kick off at Mahatma Mandir in Gandhinagar. Prime Minister Narendra Modi, it is learnt, is personally monitoring arrangements for the summit. This apa…
FreeCharge gets Rs 390 cr top-up from Snapdeal’s parent company
Jasper Infotech has pumped in close to Rs 390 crore into FreeCharge, at a time when the Gurgaon-based unicorn is in the process of closing a substantial equity financing round for its digital payments platform. The latest capital infusion received by FreeCharge Payment Technologies was declared b…
Demonetisation: 35% jobs losses in first 34 days, SMEs worst hit
Cash-ban a boon or bane? – To many it may seem like a bold move by a confident Prime Minister, but to others, it spelt nothing but doom. A study by the All India Manufacturers’ Organisation (AIMO) reveals that micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent d…
Software products firm Zoho pumps $10 mn in 5 start-ups
Bengaluru: Software products firm Zoho has invested nearly $10 million in five startups, including machine-vision company Zentron Labs and medical devices maker vTitan, to help the founders during the research and development phase. Zoho, which builds products for enterprise data management and i…
Odisha’s new Apparel Policy to attract investors
The Odisha Apparel Policy recently introduced by the state is a welcome gesture to attract textile investors from various clusters like Tiruppur for setting up industries in the state, said a top official from the Odisha Cooperative Spinning Mills Federation Limited (Spinfed Odisha). Companies in…
New-age ERP to be trigger for opportunities offered by SMEs in 2017
Enterprise Resource Planning (ERP) systems have come a long way since the 1990s, when they first became popular. The ERP space is seeing rapid transformations, with new capabilities and integrated analytics. The migration of ERP systems to the cloud has been a huge disrupter, and this has resulte…