Bengaluru-based education technology (edutech) firm Byju’s says it is in advanced stages of talks to raise $50 million (about Rs 336 crore) in funding, which will help it expand into the US, the UK and other countries over the next few months. Byju’s says it will utilise the newly raised capital …
Nilekani invests in e-commerce startup 10i commerce services
Infosys Co-Founder Nandan Nilekani has put his weight behind an ecommerce startup for the first time, backing a venture that seeks to help small traditional shops fight online and organised retailers with the use of technology. After operating quietly for over a year, Bengaluru-based 10i Commerce…
Naidu lays foundation stone for MSME technology centre
Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone for an MSME technology centre near here under a World Bank-funded programme. He said he has been visiting various countries to get investments so that Andhra Pradesh is able to compete with other states in the field of in…
DIPP certificate enough for a start-up to get IPR sops
Commerce and Industry Minister Nirmala Sitharaman announced that a start-up would from now need only a certificate of recognition from the Government to avail of IPR-related benefits. As part of the Government’s concerted bid to improve ease of doing business, Commerce and Industry Minister Nirma…
CII meet turns focus to MSMEs
In the wake of recent policy reforms in the defence sector, including the release of the Defence Procurement Procedure (DPP), the Confederation of Indian Industry (CII) organized a meeting on July 22, wherein defence and procurement experts highlighted the opportunities available to Micro Small a…
Government steps forward to revive Textile Sector & boost production
The Government has taken several steps to revive the textile sector. Firstly, it has approved a special package for boosting the employment generation and export potential of the Textile and Apparel Sector. The salient features of the package are: Labour Law Reforms Government shall bear 3.67% …
Government plans to boost textile sector
In order to provide a boost to the textile sector, the Government approved the “Amended Technology Upgradation Fund Scheme (A-TUFS)” in Dec 2015 for technology upgradation, with provision for one-time capital subsidy for eligible benchmarked machinery in different sectors including Technical Text…
PM Modi assures assistance for development of coir industry
Prime Minister Narendra Modi assured all possible assistance for the development of coir industry in the country. Appreciating the active participation of stakeholders from coir-producing states, especially Kerala and Tamil Nadu, in the India International Coir Fair 2016, and the efforts of the C…
Research centres for development of handicraft market
Upcoming Hastkala Academy to undertake Research on Development of Handicrafts Government has initiated a proposal for establishment of a Hastkala Academy at New Delhi under which research work on development of handicrafts will be taken up. Steps for making Handicrafts competitive in the internat…
Only 16 entities granted tax benefits under Start Up India
Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …