The Odisha government on February 22 asked nationalized banks to cover all unbanked panchayats in the state either by way of establishing branches or through banking correspondents as almost 75 per cent of the panchayats across the state do not have banks. The fact that credit flow had also come …
Govt notifies uniform norms for startups
The government has come out with a uniform definition of startups under which a budding entrepreneur with a turnover of less than Rs 25 crore can avail tax breaks and other benefits for a five-year period. Notifying the definition, the Department of Industrial Policy and Promotion (DIPP) said it …
New Delhi, Karnataka, Maharashtra and Tamil Nadu SMEs stoke demand for B2B products
The rise in demand for B2B products showcases a ‘Paradigm Shift’ in procurement channels employed by SMEs and large corporations. With increased focus on logistics and time bound delivery services, online B2B e-commerce companies establishing themselves as reliable and authentic sourc…
HCL and Symantec Expand Global Strategic Partnership
HCL Technologies (HCL) and Symantec today announced their plan to expand their current partnership to help enterprises in areas of Cloud Security, Cyber Threats and Forensic Solutions. HCL and Symantec aim to help enterprises better meet their information and risk management needs by building a c…
Budget need to unleash MSME growth potential | PHD Chamber
The Micro, Small & Medium Enterprises (MSME) segment has immense potential to play a significant role to push India’s growth in strong and sustainable growth trajectory, said Dr. Mahesh Gupta, President, PHD Chamber. MSMEs must be facilitated in terms of their credit demand, enhanced scope fo…
SigTuple raises seed fund from Flipkart founders and Angel Investors
Bengaluru-based medical technology startup SigTuple, which was founded by former American Express executives, has received a round of seed investment from wide-ranging and prominent investors including Flipkart founders Sachin and Binny Bansal, venture capital giant Accel Partners and other angel…
Healthcare Startups coming up with innovative solutions
The advances in technology promise to address a longstanding need of conducting medical tests in villages, sending the samples to healthcare centres in cities and relaying back results effectively. According to experts this presents a business opportunity to startups dealing with point-of-care de…
Shopclues eyes companies in the ad-tech, payments and analytics space
Shop-Clues is scouting for payments, analytics and ad-tech companies to buy, leaning on acquisitions primarily to strengthen its seller network to trump over its rivals. The online retailer only recently laid claim to being a billion-dollar startup but has been quick to outline aggressive plans t…
TripHobo partners Asia Pac Startup community Amadeus Next
Online travel planning platform TripHobo has partnered with Asia Pacific startup community Amadeus Next to develop and pilot an end-to-end travel planner. “Amadeus Next is a dynamic startup community and Amadeus is a leading venture capitalist in the travel technology space. “With Ama…
Hope to get funds for startup programme | Nirmala Sitharaman
Union Minister Nirmala Sitharaman February 21 expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for startup India programme. She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups. Spe…