Narendra Modi government has ensured that more than Rs one lakh crore in loans is disbursed to micro units and enterprises in just one financial year, BJP President Amit Shah on February 1 said as he termed it as a big “success” in providing self employment to people. Addressing a gat…
Companies, Finance & Markets
Mumbai needs 50% of Agri loans | NABARD
The State Focus Report of the National Bank for Agriculture and Rural Development (NABARD) for 2016-17, released last week, allocated 51.3 per cent (of Rs 2,96,279.44 crore) of its total potential-linked credit plan (PLP) to Mumbai City and Suburbs. Dr US Saha, Chief General Manager, NABARD-Mahar…
AskMe Group hosts Finclave 2016, sets the tone for SME financing
India’s leading online search platform and one of the largest digital SME market places in the country, the AskMe Group organized Finclave 2016 at The Westin, Gurgaon. The event was organized to showcase AskmeFin, an initiative aimed at addressing the finance requirements of SMEs by offering them…
Unraveling the “Andar Ki Baat” of Womens Next Lingerie
Share price of Womens Next Lingerie rose to Rs 75 in the third week of January, an increase by 50 per cent, compared to January 8, 2016 when it was quoted at Rs 50.60. The sudden increase prompted BSE-SME officials to ask for a clarification from Womens Next Lingerie. But all that the company had…
CTE lines up Rs 8 Crore to fund US-based startups
IT services firm Cambridge Technology Enterprises (CTE) has announced an investment of close to Rs 8 crore ($1.3 million) in US-based automated photo-sharing platform PhotoKarma, alongside Idealab, Bessemer and New York Angels. Hyderabad-based CTE has also invested in MyCrowd, a crowd-testing pla…
Alibaba unveils trade facility centre in Jaipur, hindi portal to tap SMEs
Alibaba.com, the wholesale trading platform of China’s Alibaba Group, today unveiled its first physical trade facility center in the country at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers. “We are excited about working with our Indian …
Indian Angel Network invests undisclosed sum in DesignBids
Indian Angel Network, the country’s oldest and largest angel investor group, has invested an undisclosed amount in DesignBids, an online marketplace for architecture and interior design services. While the terms of the transaction were not disclosed, IAN Members Ambarish Raghuvanshi and Ari…
Jupiter Capital invests $2 million in Altigreen Propulsion Labs
Bengaluru-based Jupiter Capital has invested $2 million (about Rs 13 crore) in Altigreen Propulsion Labs, a niche startup providing technology-enabled solutions for electric and hybrid powertrains. Jupiter Capital is looking to invest in game-changing technology ventures focused on Make in India,…
Pluss ties up with Patanjali
Hyperlocal delivery startup for medicines and healthcare products, Pluss, has tied up Patanjali Ayurved, the consumer products company, Co-Founded by Yoga guru Baba Ramdev. As per the terms of the partnership, Gurgaon-based Pluss will sell Patanjali’s range of fast moving consumer goods pro…
Malaysia’s MaGIC, Singapore’s Fundnel woo Indian startups
Bringing startups up to speed with business practices in South-East Asia, Malaysian Global Innovation and Creativity Center (MaGIC) will be picking out startups in India for its four month-long accelerator programme. This is MaGIC’s first stop in India as the Malaysian Ministry of Finance b…