It’s raining sops during the election year in the poll-bound Punjab and the latest is relief in power tariff to industry and domestic consumer. Punjab Deputy Chief Minister announced that there would be no tariff revision for the domestic consumers and MSMEs in the state would be offered po…
Uber brings ‘Mi Pan Malak’ scheme for taxi-auto drivers
Taxi aggregator Uber on July 28 announced the ‘Mi Pan Malak’ scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Uber’s partnerships with leading financial institutions and car manufacturers wi…
Coir Board bullish on export potential
Given the export growth rate in value-added products of coir, the crisis-ridden coconut sector can look to the coir segment for additional returns. Coir Board Chairman CP Radhakrishnan said that the rise in exports of value-added products such as coir geo-textiles and pith in the last fiscal year…
The digital content economy is poised to see the exponential growth: FICCI
Senior executives from the India’s motion picture and digital industries concluded that accessibility; affordability, quality content and online content protection will be the key drivers to sustain growth in India’s digital economy. Fast Track India: Bolstering Growth in the Digital Content Econ…
Govt allows 74 per cent FDI in pharma sector
FDI in Brownfield pharma sector has been permitted upto 74% under automatic route; and FDI beyond 74% and upto 100% is allowed under Government approval route The move to permit 74% FDI under automatic route in Brownfield pharmaceutical sector is aimed at attracting required capital, internationa…
Faircent acclaimed ‘Breakthrough Brand’ by Interbrand
Faircent.com, India’s largest peer to peer lending marketplace has been acclaimed as the ‘Interbrand Breakthrough Brand in Finance’ by Interbrand. The inaugural Breakthrough Brands report is in partnership with Facebook, Ready Set Rocket and the New York Stock Exchange (NYSE). Faircent.com is the…
BRICS meet in Agra to discuss pacts on MSME, services
BRICS countries – Brazil, Russia, India, China and South Africa – will try to thrash out an agreement on cooperation amongst Micro, Small, and Medium Enterprises (MSMEs) and a pact on services, including facilitation of business visas, in a meeting of senior officials in Agra this week. “Official…
Centre promoting Khadi use by Air India and Railways
To revive the khadi industry, Indian Railways and Air India are being encouraged to use products made up of the fabrics in trains and aeroplanes even as the KVIC’s sales grew 24 per cent in 2015-16, Parliament was informed. “Indian Railways and Air India are being encouraged to use kh…
Suvidhaa Infoserve ties up with Indifi Tech for easy loan processing for SMEs
Indifi Technologies, an enabler for SME funding in India, has partnered with Mumbai based business correspondent Suvidhaa Infoserve , in order to facilitate easy credit for Suvidhaa’s retailers. This tie up is expected to meet the credit needs of Suvidhaa’s more than 90,000 retail age…
Good monsoon may push FY17 GDP growth beyond 8% | Crisil
A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India’s GDP growth beyond the 8 percent mark in the current fiscal, Crisil said. However, stress in rainfall in certain parts of the country and excess downpour in some other regions …