Amid a legal battle against new state norms governing app-based taxi-aggregators, Karnataka IT Minister Priyank Kharge said these companies should follow the rules but pitched for changes in policies in tune with emerging new businesses like e-commerce. “There are certain laws that needs to…
Now, Indian accelerators attract foreign start-ups
Getting an invite from an overseas accelerator would be a turning point for many an Indian start-up. Landing a spot in accelerators from the US, the UK, Singapore, Israel or Japan propels them into a new orbit. But with India climbing up the world start-up charts and a rising number of Indian acc…
Bihar to go for branding of khadi
Chief Minister Nitish Kumar on September 24 said that Bihar government would go for branding of finer quality of Khadi clothes made in the state to attract the “newer generation” through designer garments made of it. He said this at a function to mark the ‘Rashtriya Charkha Diwas’ in Patna in a b…
Textile industry should innovate, think beyond cotton: Kaytee Corporation, MD, Premal Udani
The Indian should adapt, innovate and invest in the weaving and processing sectors as also market itself relentlessly to survive and sustain, said Premal Udani, Managing Director, Kaytee Corporation. Speaking as the Chief Guest address at the Southern India Mills’ Association’s 10th CEO Co…
Chinese investors bullish about Indian start-ups; jointly provide $50 mn of funding
A dozen Chinese investors offered at a technology summit on September 25 to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups. The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in Janua…
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…
For Biyani, small is beautiful
Leading retail chain Future group is planning thousands of small stores that will act as a distribution channel for consumer products. Currently, the group has 600 small stores ranging from 600-1,200 sq ft, and it is planning to have 3,000 more such stores in the next five years. “We already have…
The shoddy state of start-up incubators in India
On January 16, 2016, Prime Minister Narendra Modi concluded the Start-up India conference in New Delhi, with an action plan for how to promote entrepreneurship and young enterprises in the country. Now, more than the start-ups, it is the ecosystem that badly needs our attention today. If we want …
Tourism meet sees pacts worth Rs.15k cr
Five states — Gujarat, Rajasthan, Karnataka, Uttarakhand and Chattisgarh – signed 86 MoUs worth close to Rs.15,000 crore during the recently concluded Incredible India Investors’ Summit. Gujarat leads the tally with signed pacts worth nearly Rs.9,000 crore, followed by Karnataka (Rs.2,600 c…
Automation in MSMEs to drive productivity
As we prepared for our daughter’s dance programme, we had to buy some false jewellery and some tailored clothing. We were in discussion with someone in Kancheepuram for the dresses and quickly realised that their digitisation ended with their website and few photographs sent on WhatsApp. The same…