Gateway Brewing Co., Mumbai’s first microbrewery,is in advanced talks with investors to raise around $3 million in its Series A round, Co-Founder Naveen Mittal said. The two-year-old start-up will utilise the capital to start its bottling operations for distribution of their beer across the count…
Decoding the Indian fintech start-up sector
Two surveys, by Kalaari Capital and Tracxn, delve deep to check out the strategies, the investments and people that help run these rapidly-growing firms which marry money and software. Source: ET Tech
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Jharkhand CM invites US industries to ‘Make in Jharkhand’
Jharkhand Chief Minister Raghubar Das has invited American industries to ‘Make in Jharkhand’, calling on businesses from across the US to invest in sectors like agriculture as he touted investor-friendly policies and an atmosphere of ease of doing business in his state. “Both th…
Egyptian textile makers invited to ITME
Egyptian textile makers have been invited to the largest international machinery and accessories exhibition to be held in Mumbai in December of 2016. The 10th edition of India International Textile Machinery Exhibition (ITME 2016) is expected to witness a footfall of 1,50,000 visitors from all ar…
Fighter radar: Saab eyes tech transfer under Make in India
Swedish aerospace and defence major Saab Group is planning to introduce its latest fighter radar in India. It is also ready to offer full technology transfer under the Make in India programme. “Saab as a radar supplier will offer and transfer the highest technology level for the fighter jets”, sa…
IntelleGrow launches India’s first SME Debt Pool Program in collaboration with Symbiotics, Geneva
IntelleGrow, a leading venture debt financing arm of Intellecap Group, launches India’s first SME Debt Pool Program in collaboration with Geneva-based leading global investment company Symbiotics to bring international financing to Small corporates and Medium Enterprises (SME) in the country thro…
MSME-DI Chennai to hold expo for small micro units
Chennai: MSME Development Institute is organising a Vendor development programme and exhibition-cumbuyer-sellers meet at Valluvarkottam for two days from 7 October. Supported by National Small Industries Corporation and State Department of Industries and Commerce, Punjab National Bank and Dalit I…
MSME units are facing difficulty because of increased raw material price: EEPC
Engineering exporters’ body EEPC India said the Minimum Import Price (MIP) on steel is resulting in an inversion of duty with imports of finished goods increasing at a far more rapid speed than raw material. “Any inversion in duty at this stage would be a big setback to the government…
Higher insurance cover for handloom weavers in the works
The Textiles Ministry proposes to increase the level of insurance cover for handloom weavers, a sector that’s on the government radar for job creation, more than three-fold in some cases. The Mahatma Gandhi Bunkar Bima Yojana provides insurance to handloom weavers in the case of natural and accid…
Make in India campaign marks 2 years
As the Make in India campaign launched by Prime Minister Narendra Modi completes two years, the government on September 25 announced that foreign direct investment (FDI) inflows into the country had recorded their highest level on the basis of a yearly comparision. “India records its highest ever…