Vahanalytics, a tech-driven start-up aimed at making Indian roads safer and better has raised $200,000 through Venture Catalysts (VCats), India’s seed investment and innovation platform. The investment was led by Vikram Lakhotia and Anirudh Damani of VCats. With driver less smart cars increasingl…
Entrepreneurs from India driving innovation | Satya Nadella Microsoft CEO
Microsoft CEO Satya Nadella on May 30 said that developers and entrepreneurs from India are playing a key role in driving innovation — both in the country and outside — and the company wants to be the platform for creators in the country. Nadella, who was on a one-day trip to India, addressed stu…
4,100 MSMEs registered online in Nashik
Around 4,100 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar during past seven months. After the central government’s decision, the state has made online registrations mandatory to new MSMEs since October 6, 2015. Accordingly, an e…
Odisha MSME to create 4 lakh jobs
The Odisha Government has set an ambitious target of creating employment opportunities for four lakh youth by setting up 1.5 lakh small industries by 2018-19, officials said on May 30. Reviewing the performance of Micro, Small and Medium Enterprise (MSME) department, Chief Minister Naveen Patnaik…
Centre to relax labour laws for MSMEs to boost job creation
After start-ups, the Labour and Employment Ministry has moved to relax labour-related compliance measures for Micro, Small and Medium Enterprises (MSMEs), a sector that can play a significant role in boosting manufacturing and making Prime Minister Narendra Modi’s Make in India mission a success.…
Yes Bank ties up with online payment solutions startup Click&pay
Private sector lender Yes Bank, has partnered with Click&pay, T-Hub’s portfolio company and a mobile-based payment solutions enterprise, to facilitate cashless, secure and flexible transactions for customers. As a part of this alliance, Click&pay will issue Yes Bank sponsored mobile…
Housing.com to achieve $10 mn revenue this fiscal year
Housing.com, which has risen over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. “Housi…
Snapdeal establishes its data sciences centre in California
Snapdeal, India’s largest online marketplace, has established its data sciences centre in San Carlos, California, the New Delhi-headquartered company announced on May 30th 2016. The centre will act as the focal point for the online retailer’s efforts in big data and advanced analytics…
SoftBank’s investments in India may surpass $10 billion
Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top $10 billion in 5-10 years. SoftBank, which owns one of Japan’s biggest mobile carriers and a controlling stake in US-based Sprint Corp, will…
GDP Growth Estimated at 7.7% for 2016-17 – FICCI’s Economic Outlook Survey
New Delhi, 30 May 2016: The results of latest round of FICCI’s Economic Outlook Survey puts across a median GDP growth forecast of 7.7% for the fiscal year 2016-17. The growth in 2016-17 is expected to be supported by an improvement in the agricultural and industrial sector performance. Predictio…