Consolidation and customer experience are expected to be the buzzwords for startups this year as entrepreneurs focus on bringing in innovation across sectors like education, healthcare and financial inclusion. Consolidation is a natural progression, but one can expect more big scale consolidation…
Leveraging technology to encourage children to play
MadRat Games, a gaming startup backed by the founders of Flipkart and Snapdeal, has developed an interactive suit designed to encourage children to venture out and play even within the restrictive confines of housing complexes. The SuperSuit, which will be launched at the Consumer Electronics Sho…
Slow kickoff for Fourth Dimension’s IPO
The initial public offering (IPO) of Fourth Dimension Solutions on the NSE’s SME platform Emerge has seen a slow start, with total bids for just 28,000 shares so far, which represents 0.01 times of the 28,92,000 shares up for sale. The IPO price is fixed at Rs 30 apiece, which represents a …
US Law to hit Indian textiles | FICCI
India’s textile exports is hit due to US legislation for federal procurement stipulating sourcing of raw materials from the designated countries only or US domestic suppliers. Voicing concern, FICCI has asked Indian Government to take up the issue either bilaterally with US or multilaterally incl…
Auto component SMEs adversely hit by Chennai floods
Small scale industries hit by the floods earlier this month face long-term business losses as customers look to alternative sources for components. Over 20,000 micro, small scale and medium enterprises were damaged in the heavy rains and the ensuing floods in Chennai and neighbouring districts ea…
MSMEs in J&K playing vital role in employment generation | RBI
The 32nd Empowered Committee (EC) meeting on Micro Small and Medium Enterprises (MSMEs) in Jammu & Kashmir was held here on Thursday. The meeting was chaired by D Sethy, Regional Director, Reserve Bank of India, Jammu and Kashmir. In his address, he stated that the main purpose of holding th…
‘Woolen of India’ | To promote Handloom & Handicraft products
To promote handloom and handicraft products of good quality, the government is holding “Woolen of India”, a National Level Special Handloom Expo from 30th December, 2015 to 12th January, 2016. It was inaugurated by Textiles Secretary, Dr. S.K.Panda. It is an Exhibition cum sale at the newly renov…
FICCI hails new scheme for textiles
FICCI Welcomed the government approval of the Amended TUFS (ATUFS) saying this has come as a great relief to the industry especially when the exports were declining in textile and apparel sector. “The focus on employment generation and export under the new TUFS by encouraging apparel and garment…
New survey to rank states on ease of doing business
States are to be ranked on ease of doing business on the basis of a new survey, Industrial Policy and Promotion Secretary Amitabh Kant has said. “Unlike the last survey conducted with the World Bank and KPMG (global financial advisory) on 100 points, the new survey is being done by our depa…
Romantic about SMEs alone will not create jobs | CEA
The West Bengal government might be bullish about small and medium enterprises (SME) but that will not generate jobs, warned Chief Economic Advisor Arvind Subramanian. “SMEs are things to be romantic about, but that does not generate dynamism or jobs,” Subramanian said in an obvious reference to …