Kolkata: Khadi and Village Industries Commission (KVIC) announced a tie-up with the Power Grid Corporation of India Limited [PGCL], a PSU under the Ministry of Power. The agreement, employees of the PSU would be provided a discount of 30% by KVIC. The discount that can be availed against a purcha…
Tata Teleservices to double SME customers
New Delhi: Tata TeleservicesLtd (TTSL) is aiming to double the number of its local customers from the small and medium enterprise sector to 1 lakh, with the help of marketing and connectivity solutions. Tata Teleservices is also making significant investments towards its new Internet of Things (I…
Gujarat to bring policies for defence, aerospace industries for the growth of MSMEs
Vadodara: Chief Minister Vijay Rupani said on December 1st that the state government will be coming out with policies for defence and aeropace industries, which would help the micro, small and medium enterprises (MSME) grow. “We have made 18 policies on several industries and now will make …
Chinese firms poised to take over from US cos as lead investors in Indian start-ups
If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
Demonetisation Effect | Jan Dhan push for tea workers
Kolkata: The Narendra Modi government’s demonetisation move is changing the century-old practice of fortnightly cash payment of daily wage or talab in tea gardens. Late on December 1st, the Tea Board of India has issued a circular to all tea producers’ bodies to open new bank accounts…
SMEs, start-ups have to digitise businesses, says Tata Teleservices VP (SME Operations)
Over time, SMEs have gradually learnt to embrace technology as they have realized the value of becoming tech-savvy. The newer generation of SME owners are now adopting methods that help in reducing costs and streamline operations. Tata Teleservices has been on the forefront in the enterprise spac…
TYGR secures $3 mn pre-Series A funding from Franchise India
Chennai: Logistics aggregator app TYGR, bagged its pre-series A funding of $3million, from lead investor, Franchise India, a franchise and retail solution provider and other investors. This fund will be utilised for marketing, product development, and to expand the franchisee-led distribution net…
DIPP to meet top executives from Chinese cos
New Delhi: The Department of Industrial Policy and Promotion (DIPP) is organising an informal roundtable meeting on December 2nd with top executives of Chinese companies that are operating in India with an aim to understand and address their concerns related to ease of doing business in the count…
Home utility brand Bonita raises funding from El Capital, others
Home utility products startup Bonita India has closed its first round of funding from El Capital, an offshore boutique debt structuring firm, and a clutch of individual investors. “The money raised in this round will be spent on brand-building exercises, investment in new product development and …
TeamIndus inks pact with ISRO; aims to raise $45 mn by October’17
TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires …