The government has set out the definition of a ‘startup’ to ensure that only deserving companies draw the benefits of its ‘Startup India Action Plan’ and to “create a conducive environment for startups in India”. As per a government notification, ‘startup…
Haryana gets centre’s nod to set up 10 MSME clusters
Haryana Chief Minister Manohar Lal Khattar on February 19 announced that the Centre has given its nod for setting up 10 clusters to boost the Micro, Small and Medium Enterprises (MSME) sector in the state. Khattar said it while speaking at a Regional Conclave on MSMEs, Northern Region organised b…
Women entrepreneurs should start up new enterprises | Nirmala Sitharaman
Only eight per cent of the start-ups in the country are run by women and hence, women entrepreneurs should come up with more enterprises, Union Minister of State for Commerce and Industry Nirmala Sitharaman said. She was speaking at a session on Start-Up India organised by Young Indians (Yi), Con…
KVIC readies five prototype models of Solar-Powered Charkha
After a prolonged research, the Khadi and Village Industries Commission (KVIC) has now readied five prototype models of ‘solar-powered charkha (spinning wheel used for producing yarn) for its introduction in the country. The gadgets are developed with the objectives of reducing human drudgery, wh…
Malaysia SMEs urges to consider halal food manufacturing potential in India
Malaysian companies, especially Small and Medium Enterprises (SMEs), in looking at potential investments in India, have been urged to consider non-traditional sectors, including halal food manufacturing. The co-chairman of the ASEAN-India Business Council (AIBC) Datuk Ramesh Kodammal said with ne…
Start-up to give Mumbai’s kaali-peeli taxis a tech facelift
An NRI techie, who’s come back from the US, promises to remove inefficiencies in the ‘Kaali-Peeli’ taxi system in Mumbai and similar services in other top cities in the country. It has signed 1,600 cab drivers to join the network. Fresh with a licence from the Maharashtra government to run a cab …
97% Start-Ups to go on a hiring spree this year | Report
Over 90 per cent of start-ups will go on a hiring spree this year, with 28 per cent of the jobs being allocated to strengthening their technology teams, a report released by InnoVen Capital said. “More than 5,000 jobs are expected to be created by 130 start-ups in the next 12 months,”…
Snapdeal assists capital needs of 1,200 SMBs with Rs 300 crore
Snapdeal’s Capital Assist programme has reached out to 1,200 small and medium-sized enterprises across 300 cities in the country and disbursed loans of around Rs 300 crore till date. The e-tailer has tied up with 25 financial institutions under its Capital Assist programme, which includes HDFC Ba…
YES BANK launches fully-automated current account for SMEs
YES BANK, India’s fifth largest private sector bank, has launched a fully-revamped, first-of-its-kind Current Account proposition aimed at placing the power of choice in the hands of the business consumer. This new product is an outcome of an extensive market research the Bank had commissio…
New labour laws aim to provide flexibility and security: Secy Labour and Employment
New labour laws aim to provide entrepreneurs flexibility of hiring an employee while giving employment security to workers: Shankar Aggarwal, Secretary, Ministry of Labour and Employment, Government of India NEW DELHI, 19 February 2016: The Government of India is making a concerted effort to crea…