Union Minister Kalraj Mishra on February 16 said that sourcing of raw materials from Micro, Small and Medium Enterprises (MSME) by PSUs in the country has doubled following the government’s mandate to procure a minimum of 20 per cent raw material from the sector. “The procurement of raw materials…
Ricoh India strengthens its public cloud services offering
Ricoh India Ltd., a market leader in Printing & Document solutions and IT services today announced the expansion of its existing data centre facility in Kolkata in order to strengthen its public cloud services offerings. Ricoh India had set up the data centre in Kolkata in 2013 which was a fl…
Aasaanjobs raises $5 million in Series-A funding
Aasaanjobs.com, a Mumbai-based online marketplace for recruitment, has raised $5 million (nearly Rs 34 crore) in a Series-A round of funding led by Aspada Advisors, with participation from existing investors IDG Ventures and Inventus Capital. The fresh funding which the company plans to utilise t…
Restore special category status to Assam | Gogoi
Assam Chief Minister Tarun Gogoi on February 15 requested Union Finance Minister Arun Jaitley for restoration of the special category status to the state and raise central assistance for it in the coming Union Budget. In a letter to Jaitley, Gogoi pleaded for restoration of the centrally-sponsore…
MSMEs important source of job creation | Raghuram Rajan
Kerala is well placed for a revolution in MSME sector, he said, adding that the state should leverage its high level of education and capabilities. Medium and Small Enterprises (MSME) are critical to economic development and a ‘level playing field’ should be ensured for them, RBI Gove…
Capital Goods Policy to facilitate competitiveness | Anant Geete
Realising the strategic importance of Capital Goods and the pivotal role that it plays in overall manufacturing is central to the vision of “Make in India”, said Anant Geete, Heavy Industry & Public Enterprise, Minister while unveiling the “National Capital Goods Policy”, a first …
Khadda Nagar Panchayat in UP to be an investment hub
Residents of the town Khadda in Uttar Pradesh, along with the Nagar Panchayat, is gearing up to hold a Business summit to showcase various investment and tourism opportunities present in the town. The summit, which is likely to be held during the month of May, will aim to attract both domestic an…
Online renting platform RentSher secures $300K seed funding
Online rental marketplace RentSher has raised more than $300K in seed funding. The round was led by Dubai based ex-McKinsey investor Vaibhav Doshi along with a clutch of other well known entrepreneurs turned investors including Abhay Singhal, Co-founder of In Mobi, Vibhu Garg, Co-founder and COO …
Ratan tata invests in retail-tech startup SnapBizz
Bangalore based retail-tech startup SnapBizz today announced that it has raised funding from Ratan Tata, Chairman Emeritus, Tata Sons. In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures. With t…
Odisha to transform into a manufacturing hub by 2025 | CM Naveen Patnaik
Odisha Chief Minister Naveen Patnaik has said his government would transform the state into a manufacturing hub by 2025. Unveiling Odisha Industrial Development Plan: Vision 2025 at the Odisha investors meet as part the Make in India week Patnaik said that with stable policies and industry friend…