The Labour and Employment Ministry on January 24, took steps to relax labour-related compliance measures for start-ups, a week after Prime Minister Narendra Modi unveiled the Start-up India initiative. The Ministry has decided to exempt start-ups from inspections related to key labour laws—includ…
DRDO’S patent technology now with Pune Start-Up firm
In the first ever initiative of its kind, Defence Research and Development Organisation (DRDO) has provided its patented Copper-Titanium (CuTi) alloy technology for commercial exploitation to a start-up company. The agreement between DRDO and Pahwa Metal Tech Pvt Ltd was signed on the sidelines o…
Textile industry seeks sops, excise duty removal
In a bid to salvage the dwindling cotton yarn exports, the textile industry has sought extension of the three per cent interest subvention, along with other export benefits to cotton yarn under MEIS and IES on a par with other textile products from the ministry of textiles. In representations by …
Indo-French business leaders engage to strengthen partnerships
India and France have shared a long and common history and friendship, which has developed into a strategic partnership and now France is the third largest investor in India, said Michel Sapin, Minister for Finance and Public Accounts, Government of France, at an interactive business session orga…
Start-Up India: Coffee entrepreneurs to brew success with Govt help, VC Funds
Coffee entrepreneurs, coffee shop start-ups, and roasters from across the country would soon get the backing of caffeine-buzzed venture capitalists, and some essential help from the government. The Ministry of Commerce and Industries has asked the Coffee Board of India to identify certain start-u…
Chumbak inks cloud service pact with IBM
Chumbak, a retail company known for its quirky designs of apparels, accessories and home décor products, has chosen IBM cloud to run and host its enterprise resource planning applications. The companies did not disclose the value of the deal. “Over the last five years, Chumbak has grown over 300%…
Cabsguru – ORIX to launch premium services from 8 cities
Cabsguru, a meta-search engine for road travel, has signed a deal with ORIX Auto Infrastructure Services Limited (OAIS) to launch a premium category of intercity cab services in eight cities in India including Delhi – NCR, Mumbai, Bangalore, Pune, Kolkata, Chennai, Jaipur and Hyderabad. OAI…
Entrepreneurs Academy to catch them young
Here’s a chance for Indian children as young as 11 to learn how to start a company. The US-based Young Entrepreneurs Academy (YEA) is set to launch its first programme in India in August as it looks to groom budding entrepreneurs between the ages of 11 and 18. The 25-day course, with three-…
‘Zero Effect, Zero Defect’ to get Budget push
The Budget might see allocation to the Zero Effect, Zero Defect (ZED) model, which aims to rate and help one million Small and Medium Enterprises (SMEs) deliver top quality products using clean technology. This will facilitate the government’s ‘Make in India’ campaign to boost manufacturing…
25-day Entrepreneurship Development Programme from February 1
An Entrepreneurship Development Programme (EDP) is being conducted by the Ahmedabad-based Entrepreneurship Development Institute of India in association with the city-based Entrepreneurship Development Cell, PSGCAS and FICCI Ladies Organisation (FLO). The 25-day programme, sponsored by Department…