New Delhi, 25 February 2016: Welcoming the Railway Budget 2016-17, FICCI President Harshavardhan Neotia said “it is an extremely pragmatic Rail Budget based on the three critical strategy-pillars, aimed at making railways the backbone of India’s overall development. We compliment Hon’ble Minister…
Railway Budget 2016 pragmatic; new sources of revenues, new norms and new structures appreciable: PHD Chamber
President PHD Chamber of Commerce and Industry, Dr. Mahesh Gupta, has described the Railway Budget 2016-17 a pragmatic one which has well-defined strategies and stresses on modernization, employment generation, freight movement, socio-economic welfare and private participation. “The employment fo…
Rail budget visionary but pending projects need to be expedited for supplementing exports logistics| S C Ralhan, President, FIEO
S C Ralhan, President, FIEO while commenting on the Railway Budget 2016-17 stated that it envisions/conceives the strategy of Nav Arjan – New revenues; Nav Manak – New norms; Nav Sanrachna – New Structures towards achieving its objectives of transforming the railways with the ambitious target of …
Ola signs pact with UP govt to create over 50k entrepreneurs
Taxi aggregator Ola on February 24 entered into an agreement with the Uttar Pradesh government to create over 50,000 entrepreneurship opportunities across the state. As per the pact, Ola will work with the state government towards skill development of youth in state and providing entrepreneurship…
Google, TechHub join hands to boost ‘Startup India’ initiative
Internet giant Google and global community for tech entrepreneurs TechHub on Wednesday announced their global partnership that will benefit startups from India for the first time. The partnership with Google for Entrepreneurs will bring more opportunities to TechHub’s 700-plus tech startups…
Peer to peer business loan marketplace Loanzen raises seed funding
Loanzen, a peer to peer business loan marketplace startup, has raised an undisclosed seed funding from Angels through TracxnSyndicate. Loanzen helps businesses which are less than 3 years, or do not have collateral, meet short term cash-flow gaps by offering them short tenor (upto 120 days) loans…
Mitsui invests in Singapore-based big data company Crayon Data
Japanese conglomerate Mitsui & Co has made an undisclosed investment in Singapore-based big data company Crayon Data. This comes two months after Tata Group chairman emeritus Ratan Tata’s investment into Crayon Data. The funds from Mitsui will help Crayon Data accelerate global expansio…
Google’s Waze exploring tie-ups with local startups
Israel-based mapping and navigation company Waze, which was acquired by Alphabet’s Google in 2013, is planning a stronger foray into fast-growing internet market in India and is exploring tie-ups and partnerships with local startup poster boys such as Ola and Flipkart, according to a top Wa…
CII initiative to improve manufacturing prowess pays rich dividends
For the 13 textile units in Tirupur knitwear industry, which became the part of the Confederation of Indian Industry’s first cluster constituted a year back to improve manufacturing excellence on a consortium platform, the initiative has paid rich dividends. An assessment carried out revealed tha…
Siddaramaiah urged to allocate Rs 5k cr for Industry Development
Karnataka Small Scale Industries Association (KASSIA) has urged Chief Minister Siddaramaiah to earmark Rs 5,000 crore in the next budget for the development of industry in the state. KASSIA President V K Dixit made this demand at the pre-budget meeting Siddaramaiah held with trade and industry bo…