In a talk at Techsparks 2016, Naveen Tewari, Founder and CEO, InMobi, provided us a deep insight into the evolution of start-ups. “There are a lot of similarities between cricket and start-ups in the evolution process. While the transition process of cricket is from Test format to T-20, the latte…
Haryana formulates public procurement policy for MSMEs
Haryana Government has formulated a public procurement policy for Micro, Small and Medium Enterprises (MSMEs), state Finance Minister Abhimanyu said on October 2nd. He said that the policy would help promote MSMEs by improving their market access and competitiveness through increased participatio…
Start-up policy launched to set up MSME units in MP
Bhopal: First-of-its-kind start-up policy was launched by Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra and Chief Minister Shivraj Singh Chouhan during the inaugural session of two-day MSME convention on October 1. Chouhan said facilities and assistance given to set …
Govt extends tax benefits to investors; big boost to MSMEs
Leading trade and industrial organisations have hailed the Centre’s announcement to extend tax benefits to investors for a period of five years in seven districts of Andhra Pradesh. They say that capital subsidy will help develop the backward areas of North Andhra as well as Rayalaseema. Leaders …
Oil India announces Rs 50 cr start-up fund
State-run Oil India Ltd has announced a Rs 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. The proposal for setting up the OIL Start-up fund was approved in the company board on September 30 and is in line with Centre government’s flagship…
Khadi may find way into government hospitals
The government has set up a panel to look into ways to promote use of khadi in state-owned hospitals, Khadi and Village Industries Commission (KVIC) said. It said the high-level committee is set up under the chairmanship of Directorate General of Health Services, B D Athani. “Union Health Ministr…
10 Indian start-ups to participate in Japan’s largest IT forum
Ten Indian start-ups will take part in Japan’s largest IT forum ‘Combined Exhibition of Advanced Technology (CEATEC)’ . Facilitated by Japan’s Ministry of Economy, Trade and Industry (METI), these 10 Indian startups will participate in the IT and electronics exhibition and conference to be held o…
Cypher2016, India largest analytics summit, recognizes achievers in the analytics spa
Cypher 2016, India’s largest and most exciting Analytics Summit’s 2nd edition concluded recently. As a concluding event, Cypher hosted an Awards Ceremony in collaboration with Great Lakes Institute of Management to recognize the best in the data science world in India. The Great Lakes Data Scienc…
RBI proposes norms for investment in overseas start-ups
The Reserve Bank of India (RBI) on September 30 came out with a draft framework to facilitate investment in overseas technology funds which deploy money in start-ups abroad. The RBI said such investments do not meet the eligibility norms for making overseas direct investments under the automatic …
Market potential huge, e-tailers bound to succeed: Nilekani
E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys Co-Founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience wi…