Karnataka which has been a hub for global pharma production directly and through contract manufacturing route is now upbeat on the Union government consenting 74 per cent Foreign Direct Investment (FDI) under the automatic route in Brownfield projects and 100 per cent on Greenfield projects. The …
Nashik to get Rs 915 crore industrial investment
The state government’s Make in India initiative to boost investment in industries has started yielding results in this North Maharashtra district. Funding worth Rs 915 crore is set to come Nashik’s way with as many as 141 large and Micro, Small and Medium Enterprises (MSME) deciding t…
Data analytics firms gear up to lure the best talent
Fractal Analytics, which recently raised $100 million from Malaysian sovereign wealth fund Khazanah, plans to step up the hiring of data scientists and technologists. Rival Axtria will also be adding people as companies in the data analytics space see a boom. “We are investing big in product busi…
‘Startup India’ to be revamped to woo more participants
Five months after its launch by Prime Minister Narendra Modi, the government’s Startup India initiative is due for an overhaul to improve participation. The government recently held a review after fewer-than expected startups applied for recognition and only one made the final cut for the i…
Bulk orders to boost small electrical equipment makers, says association
Bulk orders resulting from the government’s rural electrification and transmission system strengthening schemes will boost small and medium enterprises that may pose competition to established players, Indian Electrical & Electronics Manufacturers Association (IEEMA) said. The industry …
Scheduler’s logistics raised series-B round from GVFL
Gujarat-based venture fund, GVFL Ltd has invested Rs 40 crore in Mumbai based integrated cold chain operator Schedulers Logistics India Pvt Ltd. Schedulers operates a fleet of reefer vehicles and temperature controlled warehouses across India. The transaction marks the second round of growth fina…
China and India present high growth opportunities in global packaging industry
Organizations in the field plan to increase capital expenditure and IT expenses and enhance the targeted customer base Developed nations like the US and Germany, and developing nations like India and China are expected to be major contributors to the Packaging industry growth Ken Research announc…
TravelTriangle ties up with Paytm to integrate its payment wallet
Noida-based online holiday market place TravelTriangle has partnered with Paytm to integrate its payment wallet on its web platform and mobile site. Targeted towards making payments cashless for their customers, Travel Triangle is also offering 10% cashback on its site for all trips booked via e-…
Startups see uptick in funding as investors return to Hyderabad
Startups in Hyderabad are seeing an uptick in funding as investors return to the city after a hiatus caused in part by the political instability in the region. According to Tracxn, which collects data on the Indian Startup industry, 25 Hyderabad-based ventures have been funded so far this year, c…
Government mapping region-specific exports to improve market share
The government wants to capture greater market share in global trade and has kick-started an exercise for mapping region specific exports to achieve this aim. It has identified the pharmaceutical sector as an “export commodity with high potential” to garner higher market share in Euro…