The Khadi and Village Industries Commission (KVIC) is all set to tap the Members of Parliament to help take Khadi to the nook and corner of the country. Lok Sabha Speaker, Sumitra Mahajan has agreed to a request from the KVIC Chairman, V.K.Saxena, to allocate space to set up a stall within the Pa…
Over 500 water desalination plants likely by 2017: PHD Chamber
PHD Chamber of Commerce and Industry and India Water Foundation on July 28 forecast that roughly over 500 desalination plants of sizeable capacity are likely to be commissioned in and around India’s coast line measuring 7,600 km by 2017 with public and private investments including foreign …
Kurlon becomes the first SME to implement SAP S4 HANA for its 9 factories
Mattress manufacturing firm Kurlon will be the first SMEs to go live on SAP S4 HANA for its nine factories, one corporate office and 75 branches across India. Established in 1962, the company is the leading mattress manufacturer in the country. Kurlon has the PAN India presence and operates in vi…
Byndr raises Rs 4.7 crore in seed funding from Education Design Studio
Byndr, a mobile-based learning management platform, has raised $700,000, or about Rs 4.7 crore, in seed funding from the Education Design Studio, an ed-tech accelerator at the University of Pennsylvania, Ben Franklin Technology Partners, and a group of angel investors. The Hyderabad and Philadelp…
PayU India plans to double value of processed transactions to $1 billion per month
Financial technology arm of Naspers, PayU India, said its payment gateway business plans to double the total value of transactions processed, to $1 billion per month in the next one year, backed by boost in volumes from offline and online partnerships. “Striking partnerships is critical to …
Zoho to hire 4,000 people in 3-4 years, bets on SMEs
Cloud services firm Zoho plans to double its headcount to 8,000 people over the next 3-4 years as it introduces new solutions and expands focus on Small and Medium Businesses (SMBs). The company, which currently has some 4,000 people on its payroll, has development centres in Chennai and Tenkasi …
Tolexo to connect MSMEs in MP to a significantly wider market
New Delhi, July 27, 2016: In a constant bid to enable MSMEs across India to bolster their business, Tolexo, India’s largest online marketplace for business goods and supplies has signed an MoU with Madhya Pradesh Laghu Udyog Nigam Pvt Ltd (MPLUN). The MoU was signed in the august presence of Chie…
Government’s effort increases merchandise exports
The merchandise exports from the country have registered an increase of 1.27 percent in Dollar terms (6.72 percent in Rupee terms) in June 2016 compared to the same month of the previous year. The details of key efforts made by Government for increasing exports are as follows: i) The New Foreign …
Vodafone and Huawei trial new 4.5G technologies to prepare for 5G
Vodafone UK and Huawei are conducting technical trials of a new mobile technology, 4.5G (TDD+) with LTE TDD, to significantly increase the capacity and efficiency of its 4G network in urban areas, as well as lay the foundations for the introduction of 5G by 2020. New 4*4 MIMO (Multiple-Input Mult…
Women entrepreneurs hold key to achieve double-digit growth rate | Amitabh Kant CEO, Niti Aayog
Amitabh Kant, CEO, Niti Aayog, exhorted women entrepreneurs to exploit their immense innovative power and raise their contribution to India’s GDP. Worldwide, women contribute to 40% to GDP while in India their contribution is 17%. “If women’s share in India’s GDP rises to …