The National Small Industries Corporation Limited (NSIC) training programme for entrepreneurs had very few takers this year as it trained a little over thousand people less in 2014-15. Giving this information in the Lok Sabha, the Minister of State for Micro, Small and Medium Enterprises, Giriraj…
Navigant Corporate Advisors Opens its 8.5 lakh shares public issue for subscription
It ams to raise Rs 1.19 crore through this issue at a price of Rs 14 apiece. It is an offer for sale issue by Sarthak Vijlani, says the merchant banker and advisory firm in its prospectus filed with the SEBI. After the issue, promoter Sarthak Vijlani will reduce its shareholding in the company to…
Stronger bank backing needed to boost MSME sector
Mumbai: The Micro, Small and Medium Enterprises (MSMEs) sector, which the Narendra Modi-led Government is trying to push as one of the major drivers of India’s economy had very little to cheer in Tuesday’s fifth bi-monthly monetary policy statement of the Reserve Bank of India (RBI). The fund-s…
Yes Bank to step up funding to MSME; Enters into co-financing agreement
Private lender Yes Bank said Tuesday unveiled plans to provide more lending to Small and Medium Enterprises in collaboration with US-based Wells Fargo Bank will act as a sponsor and co-lender to projects, “MSMEs are the growth engines and employment generators of our economy, and access to …
Porter’s online logistics services now in Hyderabad
Mumbai-based online logistics start-up Porter has launched operations in Hyderabad. Announcing this at a press conference on Monday, Chief Executive Officer and co-founder Pranav Goel told newspersons that it has started operations in the city with 200 vehicles, which could make four hundred trip…
Kaizen to invest $5-6 m in Edupristine
Mumbai-based private equity fund Kaizen Management Advisors, which raised $150 million edutech fund last year to focus on the education space, is likely to invest around $5-6 million in online start-up EduPristine.com. According to sources, the deal has been closed. However, a mail sent to Kaizen…
One-way taxi service providers step on the gas
A clutch of startups have sprung up to address the issue of taxi service providers charging double the fare for one-way travel.Jaipur-based Hippocabs, Ahmedabad-based Yatayat and recently funded Noida-based AHA Taxis are three of such intercity taxi aggregators that have come up in the past six m…
Reintroduce tax incentives for R&D start-ups & investors
For R&D startups and investors, a key consideration while deciding on the starting destination is the tax structures and incentives in the host country. India did offer an attractive incentive under Section 80-IB (8A) of the Income Tax Act till the year 2007, but this scheme was withdrawn, th…
Ravi Gururaj promoted QikPod to build largest parcel locker network
QikPod, a startup being launched by serial entrepreneur Ravi Gururaj with $9 million in funding from Accel Partners, Flipkart, Delhivery and Foxconn Mobile, will establish a network of intelligent lockers for delivering ecommerce parcels to online shoppers across the metros. For ecommerce compani…
Govt may retain tax sops for needy firms
To soften the blow to the industry from the phasing out of corporate tax incentives, the government is considering some relaxations in the schedule of withdrawal of the sops for select industrial segments as well as giving special financial support to the needy others. According to official sourc…