News

Car rental start-up Drivezy raises $10 m funding

Mumbai-based self-driving car rental startup Drivezy has just received funding of Rs. 65 crore ($10million) as part-equity and part debt. The company used to be known as JustRide earlier. Of this, $5 miilion has been made by Axan Partners, Das Capital and IT Farm, which have their origins in the …

SIDBI to broaden scope of MSME lending portal Udyamimitra

Mumbai:  SIDBI plans to broaden and deepen its scope of lending to small and medium businesses by upgrading its lending portal Udyamimitra. The upgraded portal will put in place a digital financial market place for micro, small and medium enterprises (MSMEs) to leverage the pr…

Back small, medium businesses to create jobs, Rahul urges government

New Delhi: The government should support small and medium businesses and the informal sector to create jobs instead of unleashing taxmen on them, Congress Vice President Rahul Gandhi has said.  In a video released by the Congress on October 6, Gandhi said the central issu…

Rayalaseema will emerge as an industrial hub, says Minister

With the likely establishment of a ‘Coastal Employment Zone’ alongside the upcoming industrial corridors and other developmental activities, the Rayalaseema region would soon emerge as an industrial hub, said Industries Minister N. Amarnath Reddy. Addressing the gathering during an inte…