A week after breaking even in six markets across the globe, online restaurant search, rating and food ordering company Zomato wants to stop charging commission from restaurants covered by it, Co-Founder Pankaj Chaddah has said. This would apply to orders generated from the platform as well as for…
Retail start-up Hello Ten to open 25 stores in Karnataka
Hello Ten Brands, a retail start-up venture promoted by Adarsh Gupta, Executive Director, Liberty Group in his personal capacity, will open its first 25 stores in Karnataka in the April-June quarter of FY 2016-17. The 500-800 sq ft franchisee stores set up at a cost of Rs. 35 lakh per store, excl…
Singapore companies see rich rewards in investing in India
Many large Singapore companies already have a presence in India – utilities group Sembcorp Industries, for instance, has a presence in seven Indian states and is on the lookout for opportunities, especially in the energy and urban development sectors. Small and medium-sized enterprises (SME…
Park for Chinese SMEs likely in Medak
Hunan province has evinced interest in setting up a park for Small and Medium Enterprises, on 2,500-3,000 acres, in Telangana. The park will locate SMEs across various sectors and providing the backdrop for the proposal is Telangana’s efforts to woo investments from China, which included Chief Mi…
Sri Lanka keen on business ties with Kerala in food sector, B2B meet told
The Federation of Chambers of Commerce and Industry of Sri Lanka President Sarath Kahapalarachchi recently said that Sri Lanka is keen to explore business ties with Kerala with regard to food and other industries. The tie-up would give global exposure as well as plethora of business opportunities…
In hub of incubators, it’s time to achieve FAME
Youngsters eyeing success in entrepreneurship must first achieve FAME. Before wondering how fame can be achieved without success, one should know that in the world of start-ups, FAME has a completely different meaning. It stands for Funding Acceleration Mentoring and Enterprise, which is the guid…
No sign of fresh industrial development in Tamil Nadu
There is no sign of industrial development taking place in Thoothukudi (Tuticorin) district, which attracted a big chunk of investments at Global Investors Meet (GIM) held in Chennai last year. The industry stakeholders in Thoothukudi hoped a lot to happen, but there is hardly any progress even a…
Innovation is key for Make In India’s success | Aequs CEO
Aravind Melligeri, Chairman and Chief Executive Officer of Aequs Pvt. Ltd, a Karnataka-based aerospace parts maker, shares his views on the Narendra Modi government’s flagship Make in India programme. Edited excerpts: The Make in India initiative of the government is focused on 25 sectors that al…
50 per cent subsidy to SMEs on MIDC land
To help SMEs set up plants in the state, the Maharashtra government is providing land at half of the market price in various industrial clusters, a senior official said. “The SMEs are free to apply for two-acre land anywhere falling under MIDC areas across the state for setting up a plant. …
Make In India Week: Chhattisgarh pledge to MSMEs
The Chhattisgarh government on February 14 said it is providing new opportunities to MSMEs to prosper and also facilitating an “enabling eco system” for larger industries. The state government is currently focussing on sectors like agri-business, food processing, automotive, defence a…