The current growth-inflation dynamics has led to increased bets that the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may soften its stance on the future course of interest rates. If so, it will be a breather for the market as it would be a deviation from the hawkishness displaye…
Textile Ministry finalising draft guidelines of National Textiles Policy
Ministry of Textiles is in the process of finalising draft guidelines of National Textiles Policy and same will be sent to the union cabinet for approval next month, a senior official said today. Pushpa Subramanyam, additional secretary of Textiles Ministry said the Centre is awaiting a formal re…
2017 BRICS Conference to help drive MSME growth
Hundreds of small business and community enterprise owners from across the Brics countries converged in Tianjin, China, on June 4 to meet potential funders and market principals. The “2017 Brics Hi-tech MSME (micro, small and medium enterprises) Cross-border Investment and Trade Co-operatio…
Google deepens engagement with Indian start-ups via Sand Hill programme
Technology giant Google is deepening its engagements with startups in India and is working with a bunch of “high growth“ ventures as part of a global programme to mentor and deepen its technical engagement with the potential winners of tomorrow. Over the past year, Google has been working with In…
Why India needs more WomePreneurs?
For quite a few years now, we have known that there is a major problem with India’s labour force: the women are missing. Indian women are not only staying out of the workforce, they are doing so in increasing numbers across the board. The World Bank’s latest development update for India reiterate…
Centre assures funding for Warangal Textile Park
The Union Textile Ministry is awaiting a formal request from Telangana government on the proposed textiles park at Warangal, according to a senior official. The Union Ministry of Textiles has almost finalised draft guidelines of National Textiles Policy (NTP) and same will be sent to the union Ca…
Coworking space BHIVE Workspace raises $1.2 m funding
Bengaluru-based coworking space BHIVE Workspace has raised $1.2 Mn in a fresh round of funding. This round of funding was led by Blume Ventures, along with investors including actor-director Ramesh Aravind, Meera Reddy (MD of SKCL), and other high net-worth individuals. The recently raised funds …
Hungry Foal raises funding from SBI under Stand-Up India scheme
Launched in April 2016, the objective of this Stand Up India scheme is to facilitate collateral-free bank loans between $15.5k (Rs 10 lakh) and $155k (Rs 1 crore) to at least one women borrower per bank branch for setting up a greenfield enterprise. The loan is repayable in seven years with a &nb…
Why Telangana is building the world’s second largest start-up incubator
In 2014, venture capitalists invested nearly $5 billion in Indian start-ups, mostly across metro cities. Hyderabad, with less than 10 per cent of the pie, was miserably behind Bengaluru, Mumbai, Delhi and Chennai. Founders would often relocate to Bengaluru and engineering graduates would skip tow…
Sundaram Finance to invest in Gyan-Dhan
Six-decades old Sundaram Finance Group, known for its conservative business model, opens its purse strings to invest in Delhi-based fintech start up Gyan-Dhan. The investment amount and stake in the startup were not disclosed. Gyan Dhan, promoted by IIT alumni and is an online market place for ed…