Mortgage lender Dewan Housing Finance (DHFL) expects a five-fold jump in small and medium enterprises (SME) loans by 2018 as part of its business diversification plan. “With the focussed approach, we expect our SME loan portfolio to increase to Rs 5,000 crore by 2018“, DHFL Chief Exec…
Companies, Finance & Markets
Zomato to stop charging from restaurants
A week after breaking even in six markets across the globe, online restaurant search, rating and food ordering company Zomato wants to stop charging commission from restaurants covered by it, Co-Founder Pankaj Chaddah has said. This would apply to orders generated from the platform as well as for…
Sri Lanka keen on business ties with Kerala in food sector, B2B meet told
The Federation of Chambers of Commerce and Industry of Sri Lanka President Sarath Kahapalarachchi recently said that Sri Lanka is keen to explore business ties with Kerala with regard to food and other industries. The tie-up would give global exposure as well as plethora of business opportunities…
No sign of fresh industrial development in Tamil Nadu
There is no sign of industrial development taking place in Thoothukudi (Tuticorin) district, which attracted a big chunk of investments at Global Investors Meet (GIM) held in Chennai last year. The industry stakeholders in Thoothukudi hoped a lot to happen, but there is hardly any progress even a…
RailYatri.in launches medical emergency
RailYatri.in, a tech start-up focussed on simplifying Indian travel experience has just launched their Medical Emergency feature through the app. This feature will help them locate all important information about available medical facilities in their location. “Healthcare has been a longsta…
Madura Fashion’s khadi garment collection on hold
Aditya Birla group’s apparel arm, Madura Fashion and Lifestyle, has been served a show-cause notice by the government for announcing a new collection of clothes named Khadi, forcing the company to pull back its advertising campaign as well as delay unveiling the range under its Peter England bran…
MRSS expects ROI of 36 % on Emtee
BSE-SME listed Bangalore based market research firm, Majestic Research Services and Solutions Ltd (MRSS) acquired the remaining stake of 30 per cent in its subsidiary company Emtee Research and Consultants Pvt Ltd and is expecting a return on its investment (ROI) of at least 36 per cent. “I…
The northeast’s Startup Star is on the rise
The “venture fund” set up by the Union Government to promote startups in India’s northeastern states has resulted overwhelming response making the region vibrant with several small and medium enterprises keen to start operation there. Minister of State for Development of Northeastern Region (D…
Consumer durables majors turn towards startups for new ideas
Consumer durables companies are now looking to engage with startups for enhancing their manufacturing and after-sales services. For instance, Videocon Industries is looking out for new ideas from emerging developers for projects in areas such as enhancing picture clarity for televisions and power…
Global auto-component companies eye India
The growing Indian automobile market drew lot of attention from global auto components manufacturers who are waiting to invest in the country. At the just concluded Auto Expo-Component Show in the capital several global companies were exploring opportunities to invest in India. At least 600 inter…