US-based financial technology company Payoneer plans to enter India by the end of this month, offering its crossborder payment services to the country’s small and medium enterprises. The company has partnered with IndusInd Bank to launch the service after receiving central bank approval. It…
Egypt to provide duty free access for Indian companies
Egypt, often viewed India’s gateway in North Africa, is now providing duty free access to European Union, North America, Arab and African markets for the Indian companies. Addressing a business meet in Kolkata last month Egyptian Ambassador to India Hatem Tageldin said that 52 Indian compan…
Engineering exports to 19 nations dip sharply | EEPC
Indicating the severity of global economic environment, engineering exports to as many as 19 out of India’s top 25 destinations have seen a sharp dip, with Malaysia alone recording a plunge of about 90 per cent. (A major portion of India’s engineering exports is on account of products…
Odisha govt plans to set up 38,000 MSME units | Naveen Patnaik
Announcing plans to set up 38,000 MSME units providing about one lakh jobs in Odisha, Chief Minister Naveen Patnaik on March 6 said industrialisation must be participatory and it should ensure inclusive growth of all sections of the society. “It is proposed to take up new initiatives for gr…
Govt to boost MSME sector in northeast for job creation
Considering the potential of Micro, Small and Medium Enterprises (MSME) in the northeast region, the government is gearing up to generate employments in the sector. Inaugurating a conclave on the implementation of MSME scheme in Nagaland recently, Union Minister for MSME Kalraj Mishra announced a…
Triveni, Indian ethnic wear from Surat is all set to enter the north India market
Surat’s leading Indian ethnic wear brand Triveni is all set to enter the North Indian market with their forthcoming participation at the International Ethnic Week 2016 at India Exposition Mart, Greater Noida, Delhi NCR on 5th and 6th March 2016. Triveni (in association with Sakambari) is one of t…
Vermillion sets Rs 100 Crore loan disbursal target
Vermillion Finalytics, which runs the online portal LoanXpress, has set itself a loan disbursal target of Rs 100 crore for the current fiscal. The Mumbai-based company has sanctioned a dozen loans amounting to Rs 32 crore since its launch in November 2015, its Founder Pratapsingh Nathani told. &#…
Official Start-Up web portal to be launched
Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said on March 5. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek sai…
SEBI to soon announce measures for Start-ups
After getting an extension of one year, UK Sinha, Chairman of the Securities & Exchange Board of India (SEBI), is ready to unleash a number of announcements for start-ups. Though the board meeting, which is scheduled next week, will take decisions on tax incentives for alternative investment …
NASSCOM conference on cloud for business growth
Cloud technology is by any measure the fastest emerging segment of the information technology industry. It has fundamentally changed the way businesses are consuming IT services. The ease of access is one of the many reasons why cloud computing has been embraced by SMEs and large enterprises. How…