With India witnessing immense startup growth, the Silicon Valley has invited a group of top 30 Indian startups providing Software as a Service (SaaS) products at a global scale to establish links with Fortune 500 companies in the US. The event, Startup Bridge India, aims to raise awareness among …
Core Diagnostics raises Rs 84 cr in fresh funding by Fidelity investment arms
New Delhi: Specialised diagnostics services company, Core Diagnostics, has raised about Rs 84 crore in a fresh round of funding, led by Eight Roads Ventures and F-Prime Capital Partners, the proprietary investment arms of global asset management giant Fidelity International. Proceeds from the Ser…
Currency demonetisation a near term snag for textile cos: ICRA Report
Demand for apparels is expected to slowdown in near term following the government’s decision to demonetise high value notes, and and winter-wear segment would be the worst affected, rating agency ICRA said in a report here. The adverse impact of the demonetisation on disposable incomes and …
Online ethnic store Craftsvilla partners Co-optex to promote TN handloom
Through this association Craftsvilla will host authentic handloom products on their website thereby supporting the highly talented handloom weavers of Tamil Nadu. Customers will now be able to choose from a wide range of Co-optex products such as silk, cotton, organic sarees and home furnishings.…
Ericsson keen to mentor start-ups in India
Global ICT firm Ericsson said it is willing to extend helping hand to mentor start-ups in India. “The start-up economy in India is booming. In the next couple of years, it will be huge,” Ericsson India Global Services Managing Director Amitabh Ray told PTI on the sidelines of Infocom …
Demonetisation took a toll on manufacturing sector growth in Nov: PMI
Manufacturing sector growth in India got hampered in November as rupee demonetisation weighed on new work flows, buying activity and production, while subdued inflationary pressure may prompt Reserve Bank of India (RBI) to reduce key policy rate, a monthly survey said on December 1st. The Nikkei …
Mobile marketing app SlideApp raises $3.6 mn from Songhyun Investment
Mumbai: 42Company India Pvt. Ltd, makers of mobile marketing app SlideApp said it has raised $3.6 million in a series-A round of funding led by Songhyun Investment, a South Korean venture capital firm. The company will use the funds to expand for increasing user base, product development and mark…
Demonetisation Effect | Over 8 mn bidi workers yet to be paid since Nov 8
Even as the rest of the country is concerned about cash withdrawals on the pay day, there are about eight million bidi workers who haven’t received their wages since November 8. With 90 per cent of workers located in rural areas with no bank accounts, bidi units have not been able to pay wa…
Demonetisation Effect | Liquidity crunch all over the country, SMEs facing temporary hurdles
In wake of the government’s move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation. The SMEs and micro and small enterprises which by their very natur…
Tapping opportunities in capital goods sector can add up to ₹50k cr to GDP: Report
Mumbai: A new report, “Accelerating growth in the Indian capital goods sector”, by FICCI and McKinsey & Company was released by Subhash Rajaram Desai, Minister for Industries & Mining, Government of Maharashtra along with Girish Shankar, Secretary, Department of Heavy Industry, Government…