E-marketplace would be a game changer in public procurement and would give a boost to ‘Make in India’ by removing entry barriers for doing business with the government, Commerce Secretary Rita Teaotia said. The Government e-Marketplace (GeM) was developed by Directorate General of Sup…
Home-made submarines cheaper than those built with foreign technology
India is grappling with a leak of sensitive data on its Scorpene submarines from the French company but an internal assessment has found that it could be cheaper to construct an indigenous set of nuclear-powered attack submarines rather than relying on a foreign vendor for technology. India is cu…
Livspace raises Rs. 100 cr from existing investors in Series B
Online home-design company Livspace has raised Rs. 100 crore from existing investors in Series B round of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion. The funding comes within weeks of the launch of the firm’s Home Design Automati…
Startups add astrology, palmistry services as demands pour in from youngsters
When home service startup UrbanClap added astrologers to their list of service providers, the idea was to give a wholesome experience to those seeking wedding-related services. However, contrary to the expectation that the service would mostly be sought by an elderly audience, requests have been …
Advance Marketing Intelligence Wing to be set up: Punjab CM
To tap the marketing potential of fruits and vegetables from the state, Punjab Chief Minister Parkash Singh Badal on August 29, gave his nod for setting up of an Advance Marketing Intelligence Wing for Horticulture (AMIWH) in the state. The decision was taken by the Chief Minister while presiding…
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar, AO-in-C (Maintenance), IAF emphasized, articulating that MSMEs should progress with defence indigenization programme with increased Research & Development (R&D) having innova…
MobiKwik Partners with 12 Eelectricity Boards in 8 States
MobiKwik, the largest digital payment company in India, August 30 announced its tie ups with 12 state electricity boards. The move comes as a part of MobiKwik’s expansion plan to set up a national base for utility payments. The state electricity boards that have been tied up with are Bihar, Madh…
Banks unaware of SME issues, says Nirmala Sitharaman
After pitching for a two per cent cut in RBI’s interest rate, Commerce Minister Nirmala Sitharaman has said banks have not sufficiently understood the problems faced by Small and Medium Enterprises (SMEs), especially those related to high credit costs. Responding to Twitterati on the issue,…
For tax-break, 20 start-ups must prove cutting edge
Six months after its launch, the Modi government’s Start-Up India programme is rumbling into action. Some 20 fresh applications from start-ups will be considered for tax-break by the inter-ministerial board, when it meets this week. Till now, only three start-ups have been selected for tax breaks…
Andhra to get India’s first textile city
India’s first integrated textiles city is likely to come up in Andhra Pradesh. The central government has already initiated the process of identifying land, technology and expertise for the same. According to sources, Textiles Minister Smriti Irani has spoken to Andhra Pradesh Chief Minister N Ch…