Government is considering the request from the small and medium sized pharma firms regarding the difficulties faced by them on barcoding on labels. During consultations with industry stakeholders about implementation of bar-coding, “some small and medium size companies represented that they…
Less than 10 per cent MSMEs selected from Gujarat under ‘Make in India’
Gujarat, got only four out of the 25 lakh MSMEs selected under flagship programme ‘Make in India’. This accounts for less than 10 per cent of the 57 MSMEs across India which got Rs 106.30 crore as a boost to the sector. Rajasthan, Haryana and Tamil Nadu have got more share in MSMEs fu…
Online wholesalers see better margins in B2B than B2C
Online wholesale suppliers have come up to cater to firms selling grocery to stationery and unbranded products, addressing increasing demand from small traders to institutional players who seek procurement efficiency and convenience, cost saving and financial hygiene. In return, these business-to…
Indian e-commerce platforms help SMEs to get easy loans
E-commerce marketplaces such as Snapdeal, Paytm, AskmeBazaar and Flipkart are using transaction data of thousands of vendors on their platforms to help them raise working capital through tie-ups with banks and financial service firms. The e-marketplaces use tools to crunch data on the trading his…
Microsoft to incubate 500 start-ups in the next five years
With long-term plans to create a viable and profitable business out of the booming start-up sector in India, Microsoft Ventures plans to incubate 500 start-ups in the next five years. Most of them are either start-ups working on Internet of Things (IoT) or independent software vendors that would …
Texas billionaire brings Indian start-up Teabox over mutual taste for tea
The unusual partnership between a Texas billionaire and an Indian entrepreneur began with a mutual appreciation for tea. Robert M. Bass, the storied 67-year-old investor, disliked the bitterness of coffee but had a hard time finding a good cup of tea. Kaushal Dugar, a 32-year-old who grew up in t…
Hypercat to incubate internet of things (IOT) start-ups
An exclusive incubator to handhold start-ups in the area of Internet of Things (IOT) and smart cities has been launched in Hyderabad. Flexeye has opened the start-up accelerator HyperCat at Kondapur, the hub of IT and IT-enabled services industry. The incubator, which has a backing of 700 busines…
US-based Science Inc to invest in Indian start-ups
Santa Monica, California head quartered, Science Inc is launching a $20-million ( Rs. 132 crore) venture capital fund to invest in early-stage Indian start-ups. The Science India Fund, which will be announced in January, aims to provide $1 million each to 20 Indian start-ups who have “awesome ide…
Singapore’s Crayon Data setting up operations in Indian market
Singapore-based big data start-up Crayon Data is setting up India operations in association with WPP’s media agency conglomerate GroupM. Mindshare, one of the GroupM agencies, is all set to bring its global alliance with Crayon Data to the Indian market. Mindshare and Crayon Data aim to map…
Chennai floods | MSMEs filing insurance claims
The Chennai floods not only claimed more than 300 hundred lives across the state but has also sunk the businesses worth thousands of crores of rupees in the city, as per the economists. Losses of the MSMEs located in industrial estates could be around 1,800 crore. Chennai is well known for its IT…