Nagpur: Under ‘Make in India’ initiative, SMEs which currently are growing at a rate of 12-13%, will have an important presence in Defence, Manufacturing, Technology, Transportation and Health care sectors in the days to come said Jagdish Ramaswamy, President Business Excellence, Aditya Birla Gro…
Cabinet approves exchange of tariff concessions under the fourth round of negotiations APTA
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly …
FLO, Shopclues tie-up to bring women entrepreneurs online
FICCI Ladies Organisation (FLO), the industry body’s women wing and online marketplace major Shopclues have announced their tie-up to kick-start the ‘Women Entrepreneurship’ (WE) in e-commerce’ initiative. “As per the Memorandum of Understanding (MoU) signed between FLO and Clues Network Pv…
Affordable beauty service provider Glam Studios raises angel funding
A start-up offering affordable beauty services, Glam Studios, announced on September 12 that it has raised Rs 2 crore angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The company said that the funds will be used for expansion, operat…
MobiKwik launches deals on its platform
MobiKwik becomes one stop solution for all deals Users can buy exclusive deals from leading brands such as Big Bazaar, Barista, Relaxo, Smaaash, Aapno Ghar, Central, Himalaya and Burger King from the MobiKwik app and redeem them at merchant locations MobiKwik, a leading fintech company, using inn…
Govt clears setting up of GST Council
Following presidential assent last week to the GST Bill, the Union Finance Ministry on September 12 notified the provisions of the Constitution Amendment Act that allows for setting up the Goods and Services Tax (GST) Council. “The Central Government hereby appoints the 12th day of September, 201…
By March 2020, 60% of our loan book should be in retail & SME: IDFC Bank MD Rajiv Lall
It’s almost a year since IDFC Bank began its operations. Rajiv Lall, Managing Director, talks to Nupur Anand on the journey till date. Edited excerpts: Q: You’d set ambitious targets at the start on the retail (small depositor) front. Where do you stand? A: We are acquiring around 20,000 customer…
Nandan Nilekani commits 5% assets to start-ups
He started late as an angel investor but Nandan Nilekani, the man behind Aadhaar and a Co-Founder of Infosys, has invested $50 million in 11 start-ups in just over a year and has committed to invest $25 million more. “Investing in start-ups helps me keep my business brain active and these busines…
Indian start-up story is becoming stronger, says IBM’s Chetan Naik
From PC to web to mobile era, IBM has been driving the technology revolution and replicating its success story across markets, including India. Big Blue’s flagship programme called Global Entrepreneurship Programme (GEP) is its biggest initiative currently, enriching the start-up ecosystem. As pa…
Cleartax lines up $5 million for GST tech platform
Fintech startup Cleartax has lined up a USD 5-million investment to develop and roll out systems for Goods and Services Tax (GST) by April 1, 2017. According to a report the Gurugram-based platform has been brought on to the government’s not-for profit entity GST Network as a GST Suvidha Pr…