HDFC Bank, the country’s second largest private sector lender, has launched a digital bank for its Small and Medium Enterprises (SME) customers. It aims to grow its market share in the hinterlands with this. “It takes away the hassle of physical availability of a relationship manager and makes ba…
Start-ups in a state over Karnataka’s rules
Start-ups in India’s innovation capital Bengaluru are chary about their survival in the wake of the stand-off between Uber, the world’s most valuable start-up, and the Karnataka government. While Uber is yet to comply with the On Demand Transportation Technology Aggregators Rules, 2016, implement…
Fxkart.com looks to raise $5 million from pe, vc players
Fxkart.com, an online aggregator of RBI-licensed foreign exchange dealers, is looking at raising around $ 5 million from private equity or venture capital funds. The Dubai-based company, which started its Indian operations in January 2015, has started the process of negotiations with the potentia…
Zopper looks to double GMV to $200 million this fiscal
Hyperlocal model may not have turned out to be viable for grocery players such as PepperTap, Localbanya, Ola Store and Flipkart’s Nearby, leading all of them to shut shop, but Neeraj Jain, Co-Founder of Zopper, hyperlocal for home appliances, expects to double its GMV (Gross Merchandise Value) to…
Uber looks to have its own payment wallet in India
App-based taxi aggregator Uber is keeping its options open to have its own payment wallet in India despite its current collaboration with Paytm that allows riders to pay digitally. We recently announced our partnership with Paytm and I think part of Uber’s success and strategy is to work wi…
Government to make changes in income tax act to promote startups
The government has removed the so-called ‘angel tax’ for investors providing funding to startups under its ambitious plan to boost entrepreneurship and job creation in the country. Funding to startups, notified under the government-approved plan announced by PM Narendra Modi in Januar…
Microsoft acquires messaging start-up founded by Indian
Technology giant Microsoft has acquired a messaging-app developer founded by an Indian as the US-based software firm aims to strengthen its position in the emerging era of combining the power of human language with advanced machine intelligence. Microsoft acquired California-based Wand Labs, a st…
33 SMEs line-up IPO plans
As many as 33 small and medium enterprises are planning to line up initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE’s SME platform, are expected to float IPOs in the coming months. The exchange …
Government to launch Korea Plus on June 18
The Government of India will launch Korea Plus tomorrow, a dedicated mechanism for hand holding Korean investors and facilitating South Korean investment and operations in India, said Nirmala Sitharaman, Minister of State for Commerce & Industry, Government of India, here today at the ‘Korea-…
Skill Development in Domestic Firms will provide impetus to India Corporate Training Market | Ken Research
India Corporate Training Market is expected to reach INR 32 billion by FY’2020 Growth of the organized segment across different sectors and business streamlining initiatives in MSMEs will require heavy deployment of training programs that will help in widening of the corporate training market in …