The Union Textiles Ministry is looking at Australia, the Commonwealth of Independent States and Africa to boost exports through bilateral agreements as free trade agreements (FTAs) with the European Union and the US are delayed. The Ministry is chasing a target of doubling textile exports in 10 y…
Government raises fund limits to seed start-ups
The Department of Science and Technology (DST) may invest up to Rs. 1 crore in every fresh start-up that it will seed from the next financial year, Ashutosh Sharma, Secretary, DST said. The DST’s outlay for seeding has been increased four-fold—from Rs. 40 crore to Rs.180 crore—in the coming finan…
Rs 500 crore NSDC soft loans to 157 training partners: Govt
The National Skill Development Corporation (NSDC) has disbursed soft loans worth nearly Rs 500 crore to as many as 157 training partners during the last three years, Parliament was informed today. While Rs 236.76 crore was given in 2013-14, Rs 135.78 crore and Rs 122.57 crore was given in 2014-15…
RBI had constituted a working group on rehabilitation of sick SMEs
The Reserve Bank of India had constituted a Working Group on rehabilitation of sick SMEs, under the Chairmanship of Dr. K. C. Chakrabarty, the then Chairman & Managing Director, Punjab National Bank, to look into the problems faced by new as well as sick SMEs and suggest remedial measures. Th…
Lenovo and Juniper networks announce global partnership
Juniper Networks (NYSE: JNPR) and Lenovo (HKSE:992), the industry leader in network innovation, today announced the commencement of a global strategic partnership to leverage synergies in their respective product and technology portfolios to build the next generation of converged, hyper-converge…
“Quikr Doorstep” to offer end to end platform facility
Classifieds portal Quikr said it would expand from listings and offer an end-to-end platform facilitating price negotiations, payment, pickup and delivery, as it looks to monetise its business. The company has launched “Quikr Doorstep” in 25 cities across mobile phones, electronics ap…
Paytm to bring brands in large appliances and furniture on board
Online marketplace Paytm is bringing on board marquee brands in the furniture and large appliances space, as it looks to further its strategy of building a connect with offline retailers. The Noida based company will provide an online presence to the brands on its marketplace, but fulfillment and…
Snapdeal integrates Redbus, Zomato, Cleartrip inventory in mobile app to woo customers
Snapdeal has integrated Redbus, Zomato and Cleartrip inventory in its mobile application as a pilot that will help customers book bus tickets, flight tickets, hotel tickets and food directly from the application. This association gives Cleartrip, Zomato and RedBus access to Snapdeal’s user …
Premium dining startup Big Fish raises Rs 75 crore in second round of funding
Big Fish Ventures, a New Delhi-based startup that runs premium dining lounges such as Vault Cafe and GaramDharam, has raised Rs 75 crore in its second round of funding from angel investors – including high net worth individuals – and Founder Umang Tewari. Founded in 2015, Big Fish Ven…
E-commerce firms invite physical stores to sell big brands on their sites
E-commerce companies are trying to persuade brick-and-mortar retail chains — bitter rivals in most product segments — to come on board their digital platforms to sell big consumer electronic brands. This follows companies such as Samsung, LG and Sony having successfully managed to squelch once-ra…