The innovation bug has caught brokerages as well, with the launch of products that enable investors bet on market ‘themes’. Smallcase, a startup backed by discount brokerage Zerodha has launched thematic groups like ‘GST basket’, ‘monsoon cheer’, ‘rural d…
Mumbai Angels and Times Internet fund MintM
Bengaluru-based digital marketing startup MintM, has raised a pre Series-A funding of undisclosed amount led by Mumbai Angels and Times Internet, with participation from a clutch of angel investors, for its cloud based smart signage solution. The product ‘Magnet’ is a cloud-based resp…
Technology for bio-conversion of coir pith into manure
Researchers in Coir Board have developed a technology for bio-conversion of coir pith into an organic manure, which has the quality of replacing urea, a top official of the Board said. The Allapuzha Research Centre of the board has come out with the technology by which Coir Pith Organic Manure ca…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…
Industrialists seek revision in investment limit for MSMEs
Even as inflation has soared to a new high, the Union government has not revised the investment limit for the Micro, Small and Medium Enterprises (MSME) for many years. Entrepreneurs say it has resulted in hindering its necessary expansion and modernisation of its machineries to compete with the …
Wind, solar hybrid policy only after industry is geared for it | JS, MNRE
Ministry of New and Renewable Energy admitted, reiterating that though wind, solar hybrid is the future for generating green energy, however, clarified that a distinct and clear cut policy for this combination would be in place in next few years after the government is assured of its 100% endorse…
New medical device rules to be notified at the earliest
New Delhi, 12 July 2016: The Prime Minister’s Office (PMO) convened a meeting on promoting Make in India in the Medical devices sector in India on Monday. Office bearers of the top industry associations in medical device industry including FICCI, Association of Indian Medical Device Manufacturers…
Mobikwik aims 5X rise in GMV in 2 years
Mobile wallet player Mobikwik aims to generate a gross merchandise value of $2 billion, on the back of reaching 150 million users in about two years’ time, up five times from its present base. The Gurgaon-based company which competes with market leader Paytm, intends to achieve this target …
Ajay Piramal buys ‘marginal’ stake in Chennai-based cab aggregator Utoo
Billionaire investor Ajay Piramal has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on July 11. Utoo, which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasan…
SirionLabs secures $12.25 million in Series-B funding led by Sequoia India
SirionLabs, the supplier management technology products startup, has secured $12.25 million (approx. Rs 81.5 crore) in a Series-B fund raising led by existing investor Sequoia India with participation from QualGro Asean Fund and Canopy Ventures. The funds will be used to support expansion and R&a…