The government is considering policy changes to broaden and energise one of PM Narendra Modi’s pet initiatives, Startup India, to include a bigger number of startups under the ‘medium industry’ category that would be eligible for public procurement incentive and preferential ben…
U2opia Mobile to invest over $3 mn in startups
Telecom solutions provider U2opia Mobile will invest $3 million (around Rs 20 crore) over the next three years to fund startups working on scalable mobile technology. Under its Catapult programme, in the first year, U2opia will invest in five-six companies that have about 2-4 members. The program…
Patent office issues guidelines for startups
Indian Patent Office has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trade marks aiming to encourage budding entrepreneurs and boost innovation. As per the guidelines, a startup willing to file a patent application…
Paytunes raises $500,000 from IAN, CIO Angels
Mobile advertisement platform, PayTunes said it has received a funding of $500,000 from Indian Angel Network. The pre-series A round also saw participation from PayTunes’ existing investor, CIO Angel Network as well as Apurva Parekh from Pidilite and Sanjay Mehta. Vishal Khare and Rajeev Ar…
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
Debt-free SMEs cash in on growth revival
For Rohan Sharma, business has never been better. Sales at his autoparts company in Gujarat are booming and the order book has almost doubled in the past year. His Bhagirath Coach & Metal Fabricators has just invested $120,000 in new machinery and plans to spend up to $1.2 million this year t…
Textiles Minister briefs the media about the initiatives and achievements of the Ministry during the past two years
The Union Textiles Minister Santosh Kumar Gangwar addressed a press conference on the initiatives and achievements of the Ministry during the past two years of the Government; in New Delhi, on 10th June, 2016. Here are some excerpts from his address:- The Minister apprised the media of the follow…
Shriram Automall inks tie-up with Manappuram Finance Limited
Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Manappuram Finance Limited. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefit…
RBI recognizes development of ports and logistical services inclusive to the growth of the economy
Mumbai, 09th June 2016: RBI in its recent monitory policy has clearly stated that increase in capacity of ports is integral to the growth of the economy. It also recognizes development of infrastructure, including ports, roads, and railways as a positive sign of economic revival in the past few y…
The revenue of India Electronic Security Market is projected to increase at a CAGR of 18% in the future
Foreign players such as Honeywell, Bosch, UTC, Axis Communications and others have expanded their base in the market over the period from FY’2010 to FY’2015. These foreign companies have further increased their number of channel partners over the period FY’2010-FY’2015. Owing to this, the revenue…