Worried over continuous slowdown in exports, the Commerce Ministry is pressing for better exchange rate policy, alignment of freight rates with global standards and a liberalised visa regime to boost shipments. As part of the strategy to boost both exports of goods and services in the long run, t…
Data Group takes inspiration from Digital India, offers free domain names in Indian languages
Indian startup company, Data Group on September 15 launched a domain booking service with “.Bharat”. The domain is free as are extensions like .com, .net and .in but the big difference will be the Devanagri script. According to agency inputs, Ajay Data, the Founder and CEO of the Data Group…
Co-working gathers ground as startups look for affordable work spaces
With startups looking at affordable work spaces and central government creating an enabling environment for entrepreneurship, demand for co-working spaces has gone up. “Co-working spaces are popping up across metros as well as tier-II cities, and are helping many startups get flexible worki…
Startups ease process of obtaining education loans
Yeswanth Kumar Muppalla from Vijayawada, a student at North Carolina University, USA, had approached banks for loans and faced rejection multiple times. Getting to know of a startup — GyanDhan — that facilitates education loans through a camp conducted in his undergraduate college, his loan got p…
Garbage apps to solar lamps: Businesses helping poor attract foreign investors
As a new business in India offering environmentally-friendly rubbish disposal, ScrapApp has boomed in the past year while helping address one of the nation’s major problems – garbage. In India, where recycling rubbish is not part of the formal sector, masked workers from social enterprise S…
Flipkart makes first move as e-Commerce sector prepares for GST rollout
The e-Commerce sector is preparing to ensure compliance with the goods & services tax system before the new tax regime’s targeted rollout date of April 1, 2017, even as it continues to negotiate with the government over some provisions in the law. Providing training on the new system to…
Uber partners NSDC, Maruti to skill 1 mn people by 2018
Transportation app Uber has launched a new initiative in partnership with Maruti and NSDC, for creating livelihood opportunities for one million people by 2018. Under UberSHAAN, the company will provide access to skill development and driver training to the unskilled, Uber India President Amit Ja…
After W’s success, more mid-sized apparel firms look to woo PE funds
Several mid-sized apparel makers have initiated talks with private equity firms to raise funds, encouraged by successful fund-raising by womenswear brand W. Esjay International Pvt. Ltd, which owns women’s apparel brand Chemistry, and Soch Apparels Pvt. Ltd have hired bankers to raise funds in th…
Gionee to manufacture mobile phones in Haryana
Gionee will now manufacture mobile phones in Haryana. Company has signed a Memorandum of Understanding (MoU) with Haryana government to set up its mobile phones manufacturing hub with an initial investment of Rs 500 crore which, later on, would be increased to Rs 1500 crore. The MoU was signed in…
Decline in shipments of leather, chemicals; exports dip 0.3% to $21.51bn in August
Contracting for the second month in a row, India’s exports dipped 0.3 per cent to $21.51 billion owing to decline in shipments of products like petroleum and leather. The outward shipments stood at $21.58 billion in August 2015 . The country’s imports too contracted by 14 per cent to $29.91 billi…