According to Rajendra Kumar Kapoor, President of the Silk Association of India, most of the manufacturers and exporters in this sector belong are most micro, small and medium enterprises (or MSMEs) and unless necessary exemptions are introduced, exports would suffer. Cumbersome process Kapoor, du…
Online wallet, payment firms account for 50% of fintech start-up buyouts in 2016
Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130…
Gupshup launches new bot building tools for SMEs
Gupshup, a bot platform, has launched two new tools that will enable people without any coding skills to create their own chatbots. The Flow and Template Bot Builders will offer drag-and-drop tools and pre-selected tools, which will make it easier for smaller enterprises to create bots for their …
Angel investors to invest Rs 2 cr in education start-up Stones2Milestones
A clutch of angel investors has committed to invest Rs 2 crore in the education start-up Stones2Milestones (S2M) which is aimed at creating reading habit among school going children in the age group of 3-9 years. “We have got commitments of Rs 2 crore angel of which the first tranche of Rs 1 cror…
A+ to Khadi; Sales may cross Rs 5k cr in FY18
Riding high on the upsurge in demand for khadi products, KVIC expects to surpass the sales target of Rs 5,000 crore by the end of 2017-18. “The sale of khadi products has recorded a quantum jump. We are getting good orders from the government. We will achieve the sales target of Rs 5,000 cr…
Whopping first inning for SME Capital Markets in FY16
First Half of F.Y. 2016-17 has been proved out to be a whopping period for SME Capital Markets. In 6 months, Indian SME Bourses witnessed remarkable activities in terms of filing as well as no. of IPOs. Indian Primary Market has witnessed spectacular revival in last few months, which is not limit…
VCs seed the best of funds for start-ups
Mumbai: Are fears of a slump in startup investments overplayed? That seems to be the case as funding commitment – from investors to venture capital funds has octupled to Rs 9,469 crore between October 2015 and September 2016 vis-a-vis Rs 984.81 crore in the corresponding months of the previ…
Expert view: Key takeaways from the new GST rates
Uncertainty on rates for gold is not warranted as gold is a key determinant of the rate structure, said Prashant Deshpande, Partner, Deloitte Haskins & Sells LLP, while commenting on the 4-tier indirect tax structure announced by the GST Council today. He further said: “The four rate st…
Focus on home, world does not need another low-cost exporter
Globalisation has been on the ascent since the collapse of the Berlin Wall, with the free flow of trade and capital benefiting both the developing and the developed world. India has more than tripled its per capita income since joining the global economy in 1991. Within a decade and a half of joi…
India’s poker start-ups industry worth $120 mn slowly becoming a profit-making model
Bengaluru: Rahul, an analyst with an international gaming company, spends up to eight hours every day playing poker online, often making up to Rs 10,000 within 15 minutes. Of course, he does lose money as well, but the initial wins make for a heady rush. “I got introduced to the game almost…