After Micro, taxi aggregator Ola is now betting on the luxury segment for growth and has expanded its premium service ‘Lux’ to Delhi-NCR. Using Ola ‘Lux’, users will be able to book rides in high-end sedans like Jaguar, Mercedes, Audi, BMW, Toyota Camry, Fortuner and Honda…
Foreign firms to be invited to Startup India anniversary
The government plans to invite prominent international startups to enter India’s growing new economy. The department of industrial policy and promotion will organise a start-up conference next January to coincide with the first anniversary of the StartUp India initiative, according to an official…
Egypt organises visits to India, Hungary to learn about SME financing
Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised two visits to India and Hungary in May 2016 in order to learn about their experience in financing SMEs. The purpose of the visit to Hungary was to meet heads of units of SME financing in banks in order to identif…
Gaia Smart Cities acquires IoT division of netCORE Solutions
In a joint statement, Gaia Smart Cities, an Indian start-up in the field of City Scale IOT technology solutions and netCORE Solutions, a leader in marketing technology & enterprise communication, announced that Gaia has acquired the IOT division of netCORE Solutions while netCORE will invest …
Randstad partners with TCS to leverage public cloud marketplace
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has announced a global partnership with Randstad Global IT Solutions, to design and deploy one of the world’s largest end-to-end public cloud marketplaces for IT infrastructure services…
With SmartQ & Hate2wait, the nightmare of queues is almost over
After having sold his first company, Tastykhana, to Food Panda in 2014, Shachin Bharadwaj was on the lookout for a new business idea. It was while waiting at a paediatrician’s clinics that he struck upon an idea for a new venture, which he would later name ‘SMINQ’ (see me in no …
AmazonBusiness to expand to new cities for greater business-to-business retail
AmazonBusiness is planning to expand to new cities in the coming year for a larger share of the business-to-business retail. From an 8-pin code pilot in Bengaluru, started a year back, Amazon-Business in India continues to be a work-in-progress compared to its US market where it clocked in $1 bil…
Asia’s richest may quench startups’ thirst for funding
The family offices of two of Asia’s richest men, Alibaba Group Chairman Jack Ma and Executive Vice Chairman Joseph Tsai, are among a fresh breed of Chinese investors exploring investments in India, seeking to replicate their successes outside their home market. While their personal investme…
Telangana wants to be the next start-up hub
Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
KVGB plans to disburse Rs. 1,000 cr to MSME sector by December
Karnataka Vikas Grameena Bank (KVGB), a Regional Rural Bank sponsored by Syndicate Bank, plans to disburse Rs. 1,000 crore to Micro, Small and Medium Enterprises (MSME) sector by December. “The bank is already working on development initiatives for the benefit of MSMEs to fund 1,000 crore. We are…