Profitability at Indian companies has been on a downhill path for the past five years as companies have struggled to deal with the ‘new normal’ of increased volatility and uncertainty, high indebtedness and the rising impact of digital disruption. This is according to a study on the performance o…
DIPP to pace-up security clearances to improve business climate
The Commerce and Industry Ministry is discussing with the Home Affairs Ministry fast-tracking of issuance of security clearances as it seeks to improve business climate, a top official said on November. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said app…
One of our major focus areas is the ever growing SME segment in India: Canon India
Canon, the leader in imaging solutions has witnessed many enhancements and achievements in the last few years. It’s BIS division has also grown massively over the years. K Bhaskhar, Vice-President, Business Imaging Solutions (BIS), Canon India shares about the journey of Canon BIS division, growt…
SPICe e-form for speedy company incorporation by December: DIPP Secy
To improve ease of doing business in India a Simplified Proforma for Incorporating a Company Electronically (SPICe) e-form is to be implemented by December 2016. The main objective of launching this e-format proforma is to provide speedy incorporation related services within a stipulated timefram…
Telangana now aims at reducing cost of doing business
Having shared the top slot with Andhra Pradesh in ease of doing business and not resting on laurels, Telangana is now looking to reduce the cost of doing business, State IT and Industries Minister K T Rama Rao said. Addressing a press conference, Rao said that the government has made several chan…
Start-ups roll up sleeves to train the unskilled
Prior to joining healthcare service provider Care24, 33-year-old Rahul Nair earned a daily wage of Rs 800. He was trained for a week to enhance his skills as a nurse after which his daily remuneration shot up to Rs 1,200. Nair is one among the 2,500 unskilled or semi-skilled healthcare workers in…
India pitches for Chinese investment under ‘Make in India’
India has made a strong pitch for Chinese investments under the Make in India initiative in a range of sectors like infrastructure development and solar energy at two events in the booming eastern Zhejiang province. Nagaraj Naidu, Director-General of Investment Trade and Promotion Division of Min…
Start-up mantra: Network to succeed
Moving from London to Delhi to launch their start-up Cash-Karo.com — with virtually no contacts or network to speak of — wasn’t easy for Rohan and Swati Bhargava. From there, they’ve come a long way to receiving Series A funding from VC fund Kalaari Capital by 2015 end and having Ratan Tata come …
Ratan Tata-backed UrbanClap to launch in Middle East & SE Asia
Bessemer Venture and SAIF Partners funded start-up Urbanclap plans to launch its services in international markets such as Middle East and South East Asia in 2017, CEO Varun Khaitan. “We are following a model of very less feet on street. This gives the agility of launching in any city faster. Thu…
Ola likely in talks to raise $600 mn to spruce up operations
Cab aggregator Ola is believed to be in talks with new and existing investors including SoftBank Group to raise another round of funding of around USD 600 million by the year end, a report says . The funds sought to counter competitive pressures from rival Uber Technologies is expected to give t…