Several restaurants are now backing out from food tech and hyperlocal delivery platforms such as Swiggy and Shadowfax due to high commissions and patchy delivery services. While some restaurateurs said high commission fee of up to 25% on the price of an order charged by delivery platforms has mad…
Co-Bots next big thing for MSMEs
Micro, Small and Medium Enterprises (MSME) and startups in India could well see a revolution in the way they do business. Collaborative robots, or co-bots in short, according to Pradeep David, General Manager, Universal Robots, India are being promoting to assist in sustaining the Make in India i…
Over 5,000 MSMEs in Nashik district get online registrations
In the last 10 months, about 5,070 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar. The district is still only in sixth in online registrations as compared to Pune, which topped with a total of 11,012 registrations so far. After Pune, Th…
Start-up to raise resources for better RTE implementation
A group of youths from Kerala, through their start-up venture, have joined hands with a Delhi-based NGO to raise resources for better implementation of Right to Education Act. The start-up titled ‘azadi.in’ provides an online platform to raise resources for legal fees through crowd fu…
ONGC launches Rs 100 crore start-up fund to ignite new ideas
ONGC has launched a Rs 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. As part of…
Kotak Mahindra Bank starts Innovation Lab, open to investing in startups
Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups, a senior company official has said. “We started an ‘Innovation Lab’ recently whic…
SMEs attracting women with offers of greater flexibility
A mix of greater flexibility, more mentoring and a personalised management style is attracting more and more women, especially those who are restarting their career after a break, to smaller organisations, experts say. “Women have begun working in smaller organisations in order to obtain gr…
Chhattisgarh gets a MSME centre in Durg district
A Micro Small and Medium Enterprises (MSME) technology center will be set up at Borai Industrial area in Durg district of Chhattisgarh. Union Minister for MSME Kalraj Mishra on August 12 laid foundation stone for the MSME center or a tool room at village Rasmada. This MSME centre is the 12th in c…
High-speed travel startup keen to take India in loop
Hyperloop Transportation Technologies, a US startup which is hoping to revolutionise travel based on a concept championed by Elon Musk, is looking to India as one of its first target markets and as a source of technology talent, according to senior company executives. HTT, which is based on the i…
SEZs must register with council to avail duty drawbacks, exemptions
The government has made it mandatory for all special economic zones to obtain certificates from the Export Promotion Council for SEZs and EOUs if they want rebates like duty drawbacks “The unit or the developer including co-developer shall obtain a registration-cum-membership certificate for avai…