GST will be a game-changing reform for the Indian economy which promises a common Indian market and reduction of cascading effect of tax on the cost of goods and services. GST will have a far-reaching impact on almost all aspects of business operations in the country; for instance, impact on pric…
Indian IT, telecom companies sign 10 MoUs at Kenyan expo
The three-day Indo-Africa ICT Expo, which was held in Kenya recently, saw Indian IT and telecom companies sealing 10 agreements and garnering business of over Rs 40 crore with African organisations. Some 100 firms took part in the event on September 1-3. “I strongly believe that India has v…
GST: Why Arun Jaitley needs to insist on low rates; hike on gold
With enough states ratifying the constitutional amendment for GST, it is just a matter of time before the GST Council is set up and serious negotiations begin on the revenue neutral rate (RNR) as well as the standard rate and the commodities that will be taxed at the merit/standard/demerit rates.…
Indian online retail market to trail behind China: Report
The Indian online retail market will grow at a much slower pace as compared to China, says a new report by Kotak Institutional Equities which estimates gross sales or the value of merchandise sold on ecommerce platforms, referred to as GMV, to reach $28 billion by 2020. India’s online retai…
E-pharmacies to go on hiring spree
There’s a new recruiter in the job market — e-pharmacies. Online medicine sellers are firming up hiring plans for varied roles — logistics manager, front-end and back-end developers, customer support executives, retail operation managers and software developers, among others — in the next two to …
Health start-up AlternaCare raises funds from Eros Labs
InfraDigital Technologies Pvt. Ltd, the operator of health-technology start-up AlternaCare, raised $500,000 in seed funding from Eros Labs, the company said in a statement on September 7. The start-up plans to allocate funds towards product development, team expansion, marketing and geographic ex…
Ed-tech start-up Makkajai Edu Tech raises $250,000
Ed-tech start-up Makkajai Edu Tech Pvt. Ltd on September 7, said it has raised $250,000 from Ananth Narayanan, Chief Executive of Myntra; Anand Chandrasekaran, former Chief Product Officer of Snapdeal; Mekin Maheshwari, former Chief People Officer of Flipkart; Ravi Garikipati, Head of Engineering…
Hardware start-ups gaining traction, say experts
There hasn’t been many hardware start-ups launched in India because of lack of funding, proper ecosystem and mentorship, experts said. The scenario is, however, gradually changing with companies such as Grey Orange Robotics being able to raise funds. The company provides automated on-demand robot…
Exim Bank plans portal to provide export facilitation services to SMEs
To encourage small enterprises to export, the Export-Import Bank of India (Exim Bank) plans to start a portal ‘Exim Mitra’. It aims to facilitate 20-25 services, including registration for undertaking exports, information on the closest bank branch that will provide export credit, and indicative …
Here is the chance for easy loan to small town entrepreneurs
Preschool chain EuroKids International, has tied up with the State Bank of India (SBI) to offer collateral free loans to prospective and existing pre-school partners along with interest rate concessions for women franchise partners. The partnership is a step towards providing financial support to…