Micro Units Development & Refinance Agency (MUDRA), which was set up by the Government of India for developing and refinancing micro enterprise segment through lending institution which are in the business of lending to small / micro business entities engaged in manufacturing, trading, and se…
Gurugram to get industrial township from state govt
Gurugram, July 7: The Haryana government announced on Sunday that it would develop a new industrial township, spread in over 1,500 acres in Sohna and Manesar areas of Gurgaon, at a cost of USD 5 billion. An MoU regarding this was signed between the Haryana government and China Fortune Land Develo…
BookMyShow raises INR 550 crore funding in fourth round
Mumbai, July 6: Mumbai based Bigtree Entertainment which owns and operates BookMyShow, has raised over INR 550 crores in its fourth and largest single financing round. The round was led by US based Stripes Group, and saw participation from all existing investors – Network 18, Accel Partner…
Axis Bank unveils ‘Thought Factory’ in Bengaluru for startups
Axis Bank has announced the launch of ‘Thought Factory’, an innovation lab facility aimed at accelerating the development of innovative technology solutions, for the banking sector. The innovation hub located in Bengaluru has an in-house innovation team and an accelerator program. The…
United Bank bets big on MSME sector
State-run United Bank of India has said it will focus its lending on Micro, Small and Medium Enterprises (MSMEs) and retail according to news agencies. The bank is planning to raise up to INR 1000 crore in one or more tranches through Qualified Institutional Placement (QIP) for which it sought sh…
Here is a ‘speed-dating’ opportunity for startups with venture capitalists
Following highly successful conferences over the past 5 years in Singapore, Jakarta and Tokyo, Tech in Asia, the online hub for Asia’s tech community, is bringing its conference formula to Bangalore, the epicentre of India’s tech ecosystem. Held on July 6-7 at Manpho Convention Centre, the confer…
Start ups in furniture sector finds momentum; study predicts 49% growth
Economic recession of 2008 and dynamic conditions of market have hit the furniture industry strongly in the past. It negatively impacted the power of Indian consumers to spend money on furniture but after few years from the year 2011, start-up environment started gaining momentum in the industry …
DSCI, Lockheed Martin launch cyber security awareness program for SME
Lockheed Martin and Data Security Council of India (DSCI) announced the launch of a new cybersecurity education program for small and mid-size businesses to help them minimize risk from online threats. DSCI promotes data protection among the Indian industry and is partnering with Lockheed Martin …
Mudra aims Rs 1,80,000 cr loans in 2016-17
Minister of State for Finance Jayant Sinha has said that the government aims to disburse loans worth Rs 1,80,000 crore to small businesses through Mudra Banks in the current fiscal. “Last year Pradhan Mantri Mudra Yojana gave loans worth Rs 1,20,000 crore. This year the aim is to give loans…
Assam plans single window clearance
Taking a cue from the past, the new BJP government in Assam is prepared to lay a red carpet for industries, while committing themselves to providing a hassle-free environment for business State Industry and Commerce Minister Chandra Mohan Patowary, addressing newspersons at the Assam capital comp…