West Bengal has chalked up an ambitious plan which will benefit five lakh artisans over the next five years after the successful rollout of 10 Rural Craft Hubs (RCH). The RCH project was initiated in 2013 in collaboration with UNESCO. We have been successfully completing the project signed betwee…
Leading stock exchanges differ on SME trading lots
The country’s two leading stock exchanges — the Bombay Stock Exchange and the National Stock Exchange — are unable to form a consensus on the issue of minimum trading lot size for the platform they have created for Small and Medium Enterprises (SMEs). Currently, the minimum lot size for the SME s…
FIEO’s Budget Proposals envisages enabling & empowering MSMEs
Inverted duty structure in respect of various items including Electronic Goods, Toys and Chemicals may be given due consideration in the Union Budget as it not only effects exports but also the manufacturing sector and adversely hit Make in India. The actual refund mechanism for service tax is c…
Nepal to establish SEZs to facilitate trade and investment
Buoyed by success of some of India’s Special Economic Zones, Nepal has drawn up ambitious plans for SEZs and Industrial estates along Indo-Nepal border offering Indian industries opportunity to set up units there. “Investing within SEZ has multiple benefits that include flexible and investment fr…
MSME Growth to be New Mantra of Govt | President Pranab Mukherjee
President Pranab Mukherjee has indicated MSME development, which has large-scale job creation potential, will be the new mantra of the Prime Minister Narendra Modi Government which presents its second full budget on February 29. In his address to the joint sitting of Parliament, Mukherjee said Mo…
Mobikwik partners with bus aggregator startup Shuttl
Delhi based wallet payments company, MobiKwik, has partnered with bus aggregator startup Shuttl to make urban commute cashless. This association will enable Shuttl users to do away with cash payments and pay for their rides digitally via the MobiKwik wallet. With approximately 20,000 bus rides bo…
China’s Apus Group to invest Rs 100 cr in Indian startups
China’s Apus Group, one of the world’s biggest Android application development companies, plans to invest Rs 100 crore in early-stage Indian startups with an aim to create up to 500 jobs in the next three years. The company aims to increase the number of Apus users in India to 80 mill…
Start-Up registrations to be simplified
Move is afoot to launch a portal as also an app to make the registration process for start-ups easy and hassle-free, a top government official said here. Highlighting the five pillars around which the Action Plan for start-ups has been developed, Shailendra Singh, Joint Secretary and Chief Vigila…
Cloud computing major DigitalOcean to set up first data centre in India
DigitalOcean, the world’s second-largest cloud computing provider, will set up its first India data centre in Bengaluru, in the April–June quarter of 2016. The New York-headquartered firm, which is setting up shop in India, will invest $5 million in the data centre in Electronics City and is look…
Ajay Piramal spots value in Venture Capital Investing
The family office of Ajay Piramal is stepping into venture capital investing to get a slice of the fast-growing entrepreneurial ecosystem in the country. Known as being one of the savviest value investors in India Inc, Piramal is backing the newly floated Montane Ventures, an early-stage fund, as…