Mediatech startup Dailyhunt, InShorts and ScoopWhoop -through its latest acquisition Touchfone -amongst others are increasingly leveraging machine learning capabilities to improve personalisation and interaction for the end user. From InShorts introducing quizzes to Dailyhunt’s personalised…
Digital Transformation enabling credit facilitation for the small borrower| Sameer Segal, Co-Founder & CEO, Artoo
Micro, Small and Medium Enterprises (MSMEs) is a heterogeneous segment, where 96% lack access to formal finance. They operate entirely in cash, resulting in an almost non-existent digital footprint. Most borrowers in this segment are first-time loan applicants with limited financial literacy. Lac…
Demonetisation: Liquidity problem may worsen bank NPAs as SMEs face crisis of repayment
The surprise demonetisation resulted in an extraordinary amount of funds available to banks, albeit for a short period. However, demonetisation will affect the banking sector in terms of non-performing assets (NPA), particularly in the context of last week’s bimonthly Monetary Policy Statement. L…
Year in Review: 8 moments in 2016 that changed India’s start-up ecosystem
As we stand at the cusp of 2017, it’s time to gather one’s thoughts regarding the year that passed us by. For startups in India, 2016 proved to be the year for consolidation and transition, where entrepreneurial mindset metamorphosed from a gold rush-like mentality into an ecosystem where p…
83 IPOs hit Indian market, raised $3.8 bn in 2016: Report
India’s IPO market recorded strong performance in 2016 with 83 IPOs raising $3.8 billion this year, and the activity looks set to remain strong driven by a combination of high investor confidence and regulatory reforms, says an EY report. According to the quarterly EY Global IPO Trends: 2016 (Q4)…
Fintech co Rubique processes loans worth Rs 975 cr
Mumbai, December 28, 2016: Rounding up the year in style, Rubique, the one-stop online marketplace providing technology enabled end-to-end solutions to financing needs of individuals & SMEs has announced that it has processed more than Rs 975 crore worth of loans since its inception in Octobe…
LimeRoad partners with MP Govt to offer handloom products online
LimeRoad, the fashion commerce platform said they have signed MoU with Madhya Pradesh Laghu Udyog Nigam to retail handloom and handicraft range of products on its platform. The e-commerce platform has already started selling handicrafts and apparel range from the Nigam, the company said in a stat…
PM, Jaitley to meet Niti Aayog officials, experts to discuss Budget
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will get views on the Budget for 2017-18, job creation through skill development and other issues at a meeting with experts on December 27. There will be 13 people —from the NITI Aayog, economists and others with expertise — who will …
Bengal to set up ‘Biswa Bangla’ Mall to promote MSMEs
In a bid to promote the state’s Micro Small and Medium Enterprises (MSME) and highlight the work of handloom weavers and craftsmen, the West Bengal government has decided to construct a shopping mall in Kolkata. “The Bengal government has decided to construct a Biswa Bangla Mall on EM Bypass,” so…
Budget 2017: Arun Jaitley says India needs globally compatible tax rates
Ahead of the Union Budget, Finance Minister Arun Jaitley has pitched for a lower level of taxation that is globally compatible. This, according to him, is necessary if the country has to have a broader base of economy. He said gone are the days of the philosophy that high taxation will bring grea…