Denying reports that the government is charging a registration fee for filing Udyog Aadhar Memorandum, the only form of registration for micro, small and medium enterprises (MSME) in India, the Ministry said the registration is free of cost. “The Udyog Aadhar Memorandum has no fee. You can …
Defence sector pitches for aggressive MSME participation
The Army, Air Force and Navy on November 11 pitched for aggressive participation of the MSME sector in defence equipment manufacturing to tap a huge USD 9.6 billion market. “The whole Indian defence budget is around USD 40 billion, of which a USD 9.6 billion market can be accessed by the MSME sec…
SoftBank & its uneasy ties with India’s start-ups
Those listening in on SoftBank Group Corp.’s second-quarter earnings briefing would have picked up an interesting anecdote in the question and answer session with founder and CEO Masayoshi Son. Back when Uber was still quite small, Son passed up a chance to invest in the San Francisco-based cab-h…
Policy relaxation jumps FDI 77.5% to $5.15 bn in Sept
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 percent to USD 5.15 billion in September this year. In September 2015, the FDI had stood at USD 2.9 billion, according to the data of the Depa…
Tonetag raises funds from Mohandas Pai & others
Digital contactless payments solutions firm ToneTag has raised funds from a group of IT industry veterans, including Mohandas Pai, Chairman, Manipal Global Education Services, T K Kurien, Vice Chairman of Wipro, Anand Chandrasekaran, former Snapdeal Chief Product Officer, Deepak Ghaisas, former i…
Chinese hardware accelerator HAX to invest in 10 Indian start-ups
HAX, one of the largest hardware accelerators and most active hardware seed investors in the world, plans to make at least 10 investments in India in the coming year. The company, that has already made its bets on two Indian IoT start-ups in recent months, wants to make as many investments in Ind…
Nasscom & World Startup Expo to soon bring together start-ups & investors
Asia’s largest start-up expo, World Start-up Expo confirmed their partnership with Nasscom’s startup-based initiative – 10,000 startups program. The partner event will take place in Bengaluru from 21 – 23 November 2016 at the Bangalore International Exhibition Centre (BIEC). World Start-up Expo …
Smriti Irani sees India as the textile desination
India is to become a Textile destination of the world, claims Textile Minister Smriti Irani. In line with the cooperative federalism , the minister has ensured that the views and contribution of all states would be reflected in the new textile policy. The Minister was speaking at the concluding s…
This is how Modi unfolded his masterplan to make India a cashless country
In all this flurry of the government scrapping Rs 500 and Rs 1,000 notes with immediate effect, what most have failed to see is the series of moves that had been leading up to this moment. First, there was the Pradhan Mantri Jan-Dhan Yojana launched on August 28, 2014. The move was essentially to…
Tata Docomo targets ICT Business in Kerala’s SME sector
Tata Docomo Business Services (TDBS), one of the leading players in the enterprise space in India, today highlighted its focus on Small and Medium Enterprises (SMEs) in Kerala with special emphasis on digital transformation of traditional brick-and-mortar companies across industry verticals. TDBS…