Public sector defence electronics major Bharat Electronics Limited (BEL) on June 8 announced the ‘Make in India’ programme and indigenisation as major thrust areas. “We are positively contributing to Make in India and our turnover from indigenous technology is 86 percent. We are…
SBI to offer financing to farmers through corporate partnerships
State Bank of India (SBI), country’s largest commercial bank has signed a MoU with Jain Farm Fresh Foods Limited (a subsidiary of Jain Irrigation Systems Limited). The new tie-up will help farmers associated with Jain Farm Fresh Foods Limited to avail finance against receivables due from the comp…
FICCI suggests for creating Geospatial Information Regulatory Authority
New Delhi, 8 June 2016: FICCI appreciates the efforts of the Ministry of Home Affairs, Government of India for taking geospatial information into consideration in view of ensuring security, sovereignty and integrity of the nation. There has been a requirement for a policy framework and well-artic…
OYO enters into partnership with ItzCash to build strong Omni-channel presence
OYO, India’s largest branded network of hotels announced a strategic partnership with ItzCash, India’s pioneer and the largest player in the digital payments space, to tap the next 500 million underserved Indian consumer segment. The tie-up will facilitate effortless payments for hotel-bookings a…
PayUmoney launches industry’s first-of-its-kind POS business terminal
PayUmoney has announced the launch of its innovative POS terminal which promises to connect even the smallest corner shop to the world of paperless payment. With no monthly rental, no minimum balance, and the option to link any bank account, the PayUmoney POS terminal, costing a mere Rs. 7,000 (a…
Sequoia Capital looking to invest about Rs 100 crore in outdoor gear manufacturer Wildcraft
Sequoia Capital is looking to invest about Rs 100 crore in Bengaluru-based outdoor gear manufacturer Wildcraft, people aware of the development said, in what will be the venture capital firm’s second round of funding in the company. In 2013, Sequoia had pumped in close to Rs 70 crore in Wil…
Kalaari Capital leads $2 million Series A funding round in Creditvidya
Early-to-mid-stage venture capital firm Kalaari Capital has led a $2 million (Rs 13.3 crore) funding round in financial technology startup Infocredit Services, which operates credit score advisory platform CreditVidya . Additionally, the three year-old, Mumbai-based startup has received Rs 1 cror…
LegalDesk.com planning to launch Aadhaar-based e-signing product
LegalDesk.com, a DIY platform for legal documents, plans to launch an Aadhaar-based e-signing product for verifications in legal documents and also several legal service packages for startups. The one-year-old law startup, which is in the process of raising a$5-million seed round, from select ins…
Private incubators too may be allowed to certify startups
The government’s Department of Industrial Policy and Promotion (DIPP) will issue a notification to put in place a framework to enable private incubators certify startups as part of its Startup India plan making them eligible for tax benefits and other facilities, official sources told. R…
ORACLE selects five startups for accelerator programme
After announcing an accelerator program for startups in India in April, Oracle has announced its first batch of first firms. The idea behind the programme is to help India’s startup ecosystem and to support to the Digital India initiative. The first which have been selected include a plug-n…