Riding on the upbeat market sentiment, four companies will come out with initial public offerings (IPOs) to raise about Rs 26 crore and get listed on the BSE exchange’s small and medium enterprises platform. Ruby Cables, Franklin Leasing and Finance launched their initial share-sale programmes on…
Companies, Finance & Markets
Uber launches UberMOTO in Gurgaon
After Bengaluru, taxi-hailing app Uber on March 30 launched a pilot of its bikesharing product – UberMOTO – in Gurgaon. “Uber today announced a pilot of Uber’s bikesharing product – uberMOTO in Gurgaon… This follows our agreement with the government of Haryana …
EasyMeat signed revenue sharing agreement with Venky’s
Pune-based meat delivery startup EasyMeat.in has signed a one-year revenue-sharing agreement with Venky’s, a subsidiary of the VH Group that specialises in processed chicken meat products. The startup will take about 15% commission for each Venky’s product sold through its online port…
Quikr ties up with home services company Fixy for QuikrServices
Online classifieds company Quikr has tied up with home services company Fixy for QuikrServices, its home services arm. As per this tie up, any queries in the home services segment for Mumbai and Thane would be redirected to Fixy. Tufayl Merchant, Co-Founder, Fixy, said, “We will be the excl…
The next spurt in manufacturing growth in India will come from SMEs | Anil Agarwal
At a conference organized by Confederation of Indian Industry (CII) in New Delhi, Anil Agarwal, group Chairman of UK-listed natural resources giant Vedanta Resources Plc, said “the next spurt in manufacturing growth in India will be coming from a new wave of Small and Medium Enterprises (SMEs), w…
Codissia inks pact with SIDBI for credit access
An agreement aimed at facilitating easy access to credit for the smaller units in the MSME segment has been inked by Codissia (Coimbatore District Small Industries Association), the apex association of small industries, and the Small Industries Development Bank of India (SIDBI). “This is an exclu…
Uber to invest $500 million by June in India as it takes on rival Ola
Ride-hailing app Uber plans to invest $500 million (Rs 3,300 crore) in India by June — or Rs 1,000 crore a month, on average — as it challenges Ola for leadership in its third-biggest market, two people aware of the matter said. Just nine months ago, the world’s most valuable startup commit…
Mechanised labour in coir industry mooted at Kozhikode Coir Fest
The best thing about coir is that it is eco-friendly. Once the coir product is damaged, you can throw it away or burn it without causing any sort of pollution. It is this feature on which the coir industry in Kerala thrives. The three-day coir fest that concluded in Kozhikode on Saturday had good…
Mobile banking sees dramatic surge in India
The value of transactions concluded over smartphones surged in recent months as banks encouraged businesses to manage their finances using mobile phones and mobile usage among retail customers expanded rapidly. The value of mobile banking transactions jumped 46% to `49,029 crore in December from …
HAL to rope in more vendors from MSME sector for its indigenisation projects
Hindustan Aeronautics Limited (HAL) is selecting more vendors for some of its indigenisation programmes in the aerospace sector. “Currently, the company is working with over 2,000 vendors in the MSME segment,” said A Selvaraj, Head, Indigenisation Cell of HAL. “This is required as we have to hast…