Immediately after the demonetisation initiative, a quick survey of Powerloom units was undertaken in major Powerloom clusters to assess the impact on the decentralised Powerloom Sector. To address the issues of shortage of new currency, Government has initiated immediate action to enable cashless…
Digitization is the prime game changer for SMEs: Tata Teleservices SME Head
India’s enterprise sector has grown exponentially over the last decade. And, according to reports, Small and Medium Businesses (SMEs) contribute approximately 45 percent of the entire industrial output of the country, and also provide employment to more than 40 percent of the Indian population. C…
Make in Manipur launched under Aspire scheme
Handloom is one of the most important and fast growing cottage industry in Manipur. The State government has been giving emphasis for the promotion of socio-economic conditions of the handloom weavers and working for the harmonious growth of Handloom industry. Manipur has 2.04 lakh handloom worke…
Focus on raising disclosure norms has benefited IPO market: Sebi Chairman
Securities and Exchange Board of India (Sebi) Chairman UK Sinha on December 15, said the market regulator’s focus on raising disclosure norms, along with a robust economy, has benefited the initial public offer (IPO) market in the country. Sinha was addressing the Association of Investment Banker…
Multimodal transport & port-led industrialisation, a game changer: Nitin Gadkari
New Delhi, 16 December 2016: The government is planning to develop an integrated system of roads, railways, airports and water ports and is also working on port-led industrialization, said Nitin Jairam Gadkari, Union Minister for Road Transport, Highways & Shipping, and described the developm…
Fella Homes an emerging start-up changing face of ready to move-in rental homes
The Gurgaon-based home rental startup Fella Homes which was founded in February 2016, took a major step by acquiring Noida based rental start-up Lifepad, has grown immensely this year. The acquisition occurred in an all-cash-deal and helped them understand the Noida market. The company raised a s…
Govt revises the provisions of Technology Upgradation Fund Scheme
The Government has approved “Amended Technology Upgradation Fund Scheme (A-TUFS)” in place of Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) for technology upgradation of the textile industry with one time capital subsidy for eligible benchmarked machinery for a period of seven …
B2B commerce start-up Moglix launches GST technology for manufacturing sector
New Delhi, December 16, 2016: B2B commerce start-up Moglix, announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology to fi…
Practo buys healthcare analytics firm Enlightiks
Healthcare services platform Practo Technologies Pvt. Ltd has acquired Enlightiks Business Solutions Pvt. Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computa…
Demonetisation Effect | Exports may hit slowdown, says Rita Teaotia
The country’s exports will likely face a temporary “slowdown” due to the cash crunch following the announcement of demonetisation on November 8, according to Commerce Secretary Rita Teaotia. Already, merchandise exports witnessed a rise in only three of the past 23 months through October. Small a…