Ahmedabad: Gujarat Chief Minister Vijay Rupani has inaugurated an exclusive industrial park for women entrepreneurs near here and also handed over 102 plots for setting up manufacturing units for women. The first Women’s Industrial Park of Gujarat spread over 18.32 hectare is located on the…
Start-ups should look for homogeneous market segments within SE Asia: Amit Anand of Jungle Ventures
South-East Asia comprises as many as 10 different countries, but it is a “homogeneous” region for start-up investing, argues Amit Anand, Founder and Managing Partner of Singapore-based venture capital firm Jungle Ventures which counts Ratan Tata as a special advisor. According to Anand, start-ups…
Quikr acquires Home Service Start-up Zimmber
Online Classifieds startup Quikr Indian Pvt Ltd, is likely to acquire home service startup Zimmber which run under the name of Rejuvenate Solutions Pvt. Ltd, for $10 million (Rs 64.2 crore) in an all-stock deal. With this acquisition, Quikr will strengthen its position in the segment. This will b…
FedEx launches new contest to give Indian small businesses an opportunity to go global
FedEx Express, a subsidiary of FedEx Corp and the world’s largest express transportation company, has announced the launch of FedEx Small Business Grant Contest in India to help more small businesses connect with a world of opportunities. The contest is being held in the country for the first ti…
Hinduja family buys stake in sports start-up UACTIV
Mumbai: The Hinduja family has acquired a stake in UACTIV.com, a social networking and discovery platform for sports and fitness enthusiasts. Hindujas took the stake in December as the lead investor in the startup’s first seed round funding, UACTIV Co-Founder Atish Chhabria told. “While they do n…
Can e-way bills proposed in GST be the solution to India’s logistics woes?
Road transport in India is a crucial part of the country’s transport and logistics industry. With a 10 per cent annual growth every year, the sector has reaped the benefits of rapid expansion in the automobile industry, changes in taxation, and the boom of the e-Commerce sector which relies on lo…
Kerala-based health start-up raises funding from Accel Partners
Kochi: Kerala-based health start-up Good Methods Global Inc. (GMG) with its global operation in the US has raised a series A round of funding led by Accel Partners taking the total sum raised from its inception three years ago to $9 million. The company COO Arjun Satheesh said the funds will be u…
With the latest approval from Cabinet, govt shows continued support to Startup India plan
Start-ups that qualify under the Startup India plan will now get an added boost from the central government as the Union Cabinet approves the Commerce Ministry’s proposal of Alternative Investment Funds (AIFs) funding at least twice the amount as that of the Fund of Funds for Start-ups (FFS) – wh…
नेशनल स्टील पॉलिसी से घरेलू स्टील इंडस्ट्री को मिलेगा बूस्ट, MSMEs को होगा फ़ायदा
नेशनल स्टील पॉलिसी से घरेलू स्टील इंडस्ट्री को लंबे समय तक फायदा मिलेगा। कंपनियों के मुताबिक इस पॉलिसी से घरेलू मार्केट में स्टील क्वालिटी बेहतर होगी और डिमांड में तेजी आएगी। सरकारी टेंडर में घरेलू स्टील कंपनियों को तवज्जों दिए जाने से उन्हें फायदा मिलेगा। हालांकि, कारोबारी सरकार से प्राइस रेगुले…
फंसे कर्ज के प्रोजेक्ट सार्वजनिक उपक्रमों को सौंपने की तैयारी
बैंकिंग कानून में संशोधन के लिए अध्यादेश को मंजूरी देने के बाद सरकार एक अन्य कदम पर विचार कर रही है। इसके तहत बढ़ते फंसे कजरें यानी एनपीए की समस्या से त्वरित समाधान के लिए सरकार केंद्रीय सार्वजनिक उपक्रमों को घाटे वाली परियोजनाओं का परिचालन अपने हाथों में लेने की अनुमति ले सकती है। समस्याग्रस्त […