Assurance, tax and advisory firm Grant Thornton’s business confidence report has revealed that policy reforms and the upcoming implementation of the Goods and Services Tax (GST) has buoyed India Inc’s hopes of a rise in exports during the coming quarters. According to the latest Grant…
To promote skill development, Eli India ties up with Nasscom
Eli India, a part of diversified information and financial services group Eli Global, has partnered with Nasscom to promote skill development in the country. The tie-up between Nasscom and Eli India is calculated to make individuals more productive and proficient by imparting formal training, whi…
Indonesian start up Go-Jek acquires 3 Indian start-ups, eyes more
Backed by Sequoia Capital and Yuri Milner’s DST Global, Go-Jek is the first unicorn in Indonesia. The Indonesian startup, which was founded in 2010, has acquired 3 start-ups in India since the beginning of 2015.Go-Jek has plans to acquire more startups in the devOps and mobile engineering s…
Avg size of start-up funding up 27% to Rs 4.6 cr: Report
The average size of funding received by start-ups from angel investors grew 27 per cent to Rs 4.67 crore in 2015, from Rs 1.06 crore in 2009, a report said. Also, the average investments made by these angel investors individually saw an annual growth rate of 34 per cent from Rs 0.21 crore in 2009…
Govt working on a policy for e-pharmacy start-ups
The government is working on a policy governing the sale of medicines online by start-ups such as 1mg.com, Bookmeds, mChemist, Medidart, Medlife, Medstar, Netmeds, Pharmeasy and Zigy.com that have disrupted the brick and mortar model. This comes as chemists plan a one-day shutdown of their shops …
CTTC should increase dropouts intake to improve employability chances: Giriraj Singh
Union Minister of State for Micro Small and Medium Enterprises (MSME), Giriraj Singh, has urged the Central Tool Room and Training Centre (CTTC), Bhubaneswar, to increase the intake of school dropouts and improve their chances of employability. “Every year around 93% children take admission…
When will Indian start-ups play for high stakes like Chinese?
The Indian start-up ecosystem has long had a close relationship with Silicon Valley. But now, as Chinese firms make big investments in India and Chinese venture funds become more aggressive here, there’s a growing feeling that we can learn as much, or more, from China, as from the US. At th…
Low-cost desalination system for small textile dyeing units
Researchers at the Massachusetts Institute of Technology (MIT) are working on developing a cost-effective modular desalination system to help small textile dyeing mills in India to comply with zero liquid discharge regulations. Zero liquid discharge provides for cleaning up potentially contaminat…
IIT Kharagpur & Ministry of Heavy Industries join hands to boost Make in India
West Bengal: In a move to step-up the Make in India initiative, the Department of Heavy Industries has partnered with IIT-Kharagpur to set up a proposed centre of excellence on advanced manufacturing, a Union Minister said. The centre of excellence would undertake extensive research in the area o…
Knitwear manufacturers look beyond tax structure in GST
Knitwear manufacturers here are not ‘much’ concerned about the ‘mere rate structures’ of Goods and Services Tax (GST) but eagerly been looking at the macro approach that would be adopted for fixing various raw materials in the production chain into different slab categories. According to the cons…