Assuring small-scale businessmen that the era of e-commerce would not affect their trade, Union Minister Piyush Goyal said the importance of corner stores and small shops would only increase in the coming days as compared to big shopping malls. Citing examples of America and Europe, the Union Min…
KVIC starts toll-free no. for info on sector-related programs
Khadi and Village Industries Commission (KVIC) has launched a toll free number for access to all sector-related programmes and information. “With this, one can access all KVIC programmes by dialing 1800 3000 0034 and get information in Hindi or English language,” the KVIC said in a statement. Cur…
Startup Village to incubate Alibaba & Baidu in Kerela
Kerala’s IT industry was initially apprehensive when the Left Democratic Front won a clear mandate in the recent elections to the state Assembly. The earlier Congress-led government had created a momentum in the state for young entrepreneurs through its IT-telecom incubators and proactive student…
Odisha targets Rs 21,559 crore exports in 2016-17
The Odisha government has set a target to scale up its exports to Rs 21,559 crore in the current financial year, said an official on September 9. The state government had recorded exports of Rs 17,346 crore in the 2015-16 fiscal. The government has also decided to set up export promotion councils…
Sunil Munjal, Harsh Mariwala lead Rs 82 crore funding round in Nykaa
Nykaa.com, an online luxury beauty retailer founded by investment banker-turned entrepreneur Falguni Nayar, has raised Rs 82 crore in a fresh round of fundraising led by Sunil Munjal and the Mariwala family, cementing interest from affluent Indian families in a rapidly growing ecommerce market sp…
Flipkart to hire 10,000 temporary staff ahead of festive season
E-commerce major Flipkart expects to hire over 10,000 temporary staff to ramp up its delivery and logistics service to meet the festive demand. The move comes as part of the preparations being made by e-commerce companies as they launch offers to boost sales during the upcoming festive period. &#…
Alibaba’s Jack Ma promotes free trade for SMEs via Electronic World Trade Platform
Alibaba Executive Chairman Jack Ma used the G20 summit to promote easier access to world markets for Small and Medium-sized Enterprises (SMEs) via the Electronic World Trade Platform (eWTP). The eWTP is a concept for a more inclusive way for nations to implement free and fair trade for their SME …
Facebook launches 3 new solutions to help small businesses
Social media giant Facebook on September 8 launched three new solutions to help small businesses become large and local businesses become global. Businesses can now use `Lookalike Audiences` tool to reach customers in new countries who are similar to their existing ones, Facebook said in a statem…
Two SMEs to hit capital markets
Two companies, Crown Lifter and Husys Consulting, are coming out with their initial share sale today i.e September 9 to raise around Rs 11 crore. These firms will get listed on the NSE’s Small and Medium Enterprises platform. The Initial Public Offerings (IPOs) of Crown Lifter and Husys Con…
Zuckerbergs lead $50 mn investment in BYJU’s
Facebook founder Mark Zuckerberg’s investment arm for education and healthcare, the Chan Zuckerberg Initiative, has made its first investment in Asia in BYJU’s, a Bengaluru-based education technology firm. The $50 million commitment saw funding from investors such as Sequoia Capital, …