Smartphone repair e-commerce platform JustLikeNew.in said it has raised funds worth USD 500,000 (about Rs 3.3 crore) through LetsVenture.com, from angel investors Mindtree Executive Chairman Krishnakumar Natarajan and former Oracle India MD, Sandeep Mathur. Existing investors Aneesh Reddy and Vik…
Banks advised to push cash flow-based lending to MSMEs
In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is “not as per expectation“, a senior government official has said. “Overall credit growth to the MSME se…
Reliance-led Scalerator programme launches yet another batch of start-ups into big league
Reliance Industries-led start-up accelerator programme, the GenNext Innovation Hub, has been successfully nurturing digital entrepreneurship in India, putting the country on the global map as a start-up and innovation hub. RIL’s programme, in partnership with Microsoft Ventures, celebrated …
Govt to speed up work on 12 MSME clusters
Bhubaneswar: Government is all set to fast-track the set-up of 12 clusters under the Micro and Small Enterprises Cluster Development Programme. It will also develop mini-clusters in different fields. This was discussed at recent two-day conference of Regional and General Managers of District Indu…
Govt prioritises Odisha for coir in MSME industries
Bhubaneswar: The State Government has initiated steps to restructure Odisha Co-operative Coir Corporation Limited (OCCCL) to Odisha Coir Development Corporation Limited (OCDCL) and focus on the development of coir sector. Since Odisha is the fifth largest coconut producing State in the country an…
Andhra Pradesh tops in attracting industrial investments
Andhra Pradesh has emerged on the top among all other states in attracting industrial investments in 2015-16, pushing the previous year’s topper Maharashtra to the third spot. Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across Ind…
MSME Secy urges small companies to focus on substituting imports
Substitution of imports can be a major propeller of growth of small and medium enterprises, MSME Secretary K K Jalan said on September 19, singling out toys manufacturing as an example. The government’s foremost interest in development of Micro, Small and Medium Enterprises (MSMEs) is emplo…
Bengaluru start-up brings stethoscope home 200 years after invention
From a simple wooden pipe in 1816 to a device that’s undergone several improvements today, the stethoscope has been a doctor’s close friend. And in the 200th year of its invention, a digital innovation by a Bengaluru start-up holds the promise of bringing it home for the first time. T…
Not Chinese but uniquely Indian companies will steal show: Accel’s Mitra
Homegrown companies, which play to Indian strengths, will soon start emerging as leaders in their business segments, according to one of the country’s top venture capital investors. Subrata Mitra, the partner at Accel Partners, who was the first investor in the country’s largest onlin…
Centre mulling to ‘advance’ Winter Session for early GST roll out
In a bid to roll out the crucial Goods and Services Tax (GST) from April 1, 2017, the Modi government is considering to prepone the Winter session of Parliament to pass the CGST and IGST bills, and pave way for implementation of the new sales tax regime. The Winter session of Parliament is genera…