Uber Technologies Inc. agreed to buy start-up Geometric Intelligence Inc. to help the ride-hailing company create a new artificial-intelligence research lab. The start-up had 15 employees and was developing new machine-learning techniques inspired by cognitive science that rely on less data. Chie…
Demonetisation Effect |Niti Aayog doles out incentives to push cashless payments
Niti Aayog is providing financial support to incentivise the district administration to reach out to the general public and small traders in villages and talukas, and encourage them to shift to cashless payments. It has also asked district magistrates to ensure that financial transactions in the …
Gem & Jewellery sector has direct impact on job creation: Nirmala Sitharaman
Union Commerce and Industry Minister Nirmala Sitharaman has said that unlike other sectors, Gem and Jewellery sector has direct impact on job creation. Speaking at the foundation stone laying ceremony of Indian Institute of Gem and Jewellery (IIGJ) Varanasi Extension Campus , she said this is one…
Tax waiver on leather & textile raw materials will spur growth
Government has announced a tax exemption for importation of leather and textile raw materials. The exemption applies to both import duties and Value Added Tax (VAT) and became effective on Friday, December 2. The announcement is good news for the leather and textile manufacturing industry, which …
Deskera claims to be the first GST compliant cloud software provider in India
Reports circulating the web reveal the compulsion to roll out GST by Sep 16, 2017. With businesses gone online, and a trend inclined towards cloud and data analytics, many would look for software services to help build their business function smoothly. Pune-based Deskera is one such service provi…
Demonetisation Effect | Start-ups shift into high gear
Even as the demonetisation announcement of November 8 and its fallout continue to receive mixed reactions, aspiring entrepreneurs took to maneuvering strategically, taking several measures to make people, especially the underprivileged, aware about the ban and helping them ease their woes. This, …
Smart manufacturing will disrupt SMEs, say experts
The emerging trend of smart manufacturing will be highly disruptive to Small and Medium Enterprises (SMEs) in the manufacturing sector, especially for those focused on the local market, concluded the deliberations made in a workshop on smart manufacturing organised by the Indian Institute of Info…
Textile & Craft Shopping Mela portrays North-Eastern talent
Union Minister of State for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh inaugurated the “Northeast Textile & Craft Shopping Mela”, which has been jointly organised by the Ministry of DoNER…
Telemedicine start-ups give gateway to rural women for providing medical help
When Pooja Rathore, 23, was brought to Karma Health care’s clinic in Jaisamand in Rajasthan, she was in a critical condition. The doctors ordered a blood test, found that her haemoglobin level was as low as 2.1 and ordered an immediate transfusion to save her life. All within minutes and fr…
Realty bites for NBFCs’ business of loan against property
Demonetisation might further encourage non-banking financial companies (NBFCs) to look away from their loan-against property portfolios. “The growth rate of the loan-against-property business is likely to shrink to 15-20% this financial year, as compared with 22-24% two years ago”, sa…