Ahmedabad: Indofash.com, a Bengaluru based ethnic marketplace raised Rs 1 crore from angel investors, Shekhar Sahu and Nitesh Pant. The fund will be used to scale up its international presence. Sahu & Pant are the former Co-Founders at HealthCareMagic, which was acquired by US-listed Ebix Inc…
Demonetisation Effect | Why MSMEs don’t want to go cashless
Today, many MSME companies and workers are reluctant to receive payments through banks. It is important for the Government to consider the ground realities, understand the challenges and apprehensions of these employers and employees and address them appropriately. The only way the Government can…
Sebi registered alternate funds count touches 268 in four years
Markets regulator Sebi has allowed as many as 268 entities to set up AIFs — pooled-in investment vehicles for real estate, private equity and hedge funds — over a period of more than four years. These Alternative Investment Funds (AIFs) have been registered with Sebi since August 2012…
Demonetisation Effect | MSMEs hit hard, output plunges to 50% of capacity
With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of Rs 500 and Rs 1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. There ar…
BSE tightens norms for SMEs shifting to main board
Tightening norms for companies seeking to migrate from its SME platform to the main board, BSE said firms, directors and promoters who have been barred by markets regulator Sebi will not be eligible for the move. Accordingly, companies that are seeking migration from the small and medium enterpri…
Fintech start-up Affordplan raises Rs 20 cr from Prime Ventures & Kalaari
Delhi-based fintech startup Affordplan has raised Rs 20 crores in Series A funding round led by Prime Venture Partners and Kalaari Capital as a co-investor. These funds will be utilised to expand the current team, build the network and scale the business to new cities across India. The company of…
Modi invites investment for big corporates and SMEs
In a directive to Indian ambassadors abroad, the Narendra Modi government has asked them to invite not just the big companies to invest and ‘Make in India’, but also try and streamline investments for even the smaller and the smallest of all. Indian ambassador to Italy Anil Wadhwa told that it w…
BMW AG plans to boost tech start-up investments
Munich: BMW AG plans to boost its investments in start-ups, as competition intensifies with new rivals including Tesla Motors Inc. over technologies that make cars smarter and more energy efficient. The luxury-vehicle maker will invest as much as €500 million ($533 million) through its iVentures …
Zero Defect, Zero Effect key for MSME success, say speakers at CII meet
MSMEs are not part of the mainstream when it comes to implementation of technology, and this hampers their ability to use the vast volumes of data generated in the manufacturing process for constant improvement, said Lakshmi Narayan M, Advisory Chairman, Harman International India. Addressing the…
SMEs to benefit in long term with digitisation: Federal Bank
RBI’s move to absorb excess liquidity by ordering the banks to temporarily place their cash deposits in the CRR window has led to a dip for Indian bonds and banking stocks on November 28. Going forward there will be good availability of liquidity and digitisation of the banking sector will …