Mobile-first test preparation platform, OnlineTyari (OT) has raised Rs 20 crore, led by the Michael and Susan Dell Foundation (MSDF). MSDF made an equity investment of Rs 15 crore (USD 2.1 million) in the company, OnlineTyari said in a statement. OT offers a mobile application that allows highly …
Currency Ban Impact | RBI issues 25-point FAQ explaining Rs 500-1000 note move
Faqs on withdrawal of legal tender character of the Old High Denomination (OHD) Bank notes. Q: Why is this scheme? A: The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security featu…
SME IPO Agro Phos India sees highest ever subscription of over Rs 200 cr
Indore-based Agro Phos India Ltd, has taken the Small and Medium Enterprises (SME) markets by storm garnering a whopping subscription of over Rs200 crore—the largest subscription ever received by an SME IPO( initial public offering). The issue opened for subscription on 27 October and closed on N…
British companies contribute £29 mn to Make in India
Ten UK-based companies have pledged to invest 29.29 million pound to train about 20 lakh people in India by 2020. “10 UK companies have committed to support India’s Make in India and Skill India initiatives by enhancing skills to global standards and giving the trainees greater employ…
BigBasket may consider raising $150 mn post March
Online grocer BigBasket is on the lookout to raise another round of funding of USD 150 million sometime after March next year. According to sources, this may be the last round of fund-raising before the company considers an initial public offer. BigBasket, which is believed to have recently achie…
BIBA to promote India Handloom Brand
The Ministry of Textiles has joined hands with the ethnic apparel brand BIBA and has launched India Handloom Brand garments at BIBA’s flagship store at Lajpat Nagar, New Delhi. Speaking at the launch function, the Union Textiles Minister Smriti Zubin Irani said that the Ministry of Textiles is fo…
Auto Component SMEs should diversify for speedy growth : CRISIL
Diversification in terms of customers, geography and products is a differentiator for Micro, Small and Medium Enterprises (MSMEs) in the auto component industry, an analysis of 300 such units rated by CRISIL has revealed. The industry has seen a slowdown in revenue growth over the past four finan…
Services NBFCs are providing to SMEs to support their growth
The Small and Medium Enterprise (SME) sector has been playing a key role in the emergence of India as one of the leading economies of the world. The sector is fomenting inclusive growth of our country by creating employment opportunities through industrialisation in the rural and semi-urban areas…
UK to invest £160 mn in 75 start-up enterprises
British Prime Minister Theresa May announced that the UK will invest 160 million pound (about Rs 1,330 crore) across 75 start-up enterprises that will help generate new jobs. She also announced an additional 20 million pound for a Start-Up India Venture Capital Fund. The fund will support 30 ente…
‘Bengal Home Industries’ celebrates 100 yrs by introducing online store
Keeping pace with the changing times, the 100-year-old Bengal Home Industries Association, which promotes Bengals handloom and handicraft items, will introduce online shopping from next year. Set up by a group of patriotic citizens of Bengal in 1916 to encourage Indian weavers and craftsmen to ma…