Almost two-thirds of 100 venture capital (VC) investors — 64 per cent — polled in an IBM study claim ‘unethical business conduct’ is a major reason for start-ups failing in India. In response, entrepreneurs and industry experts argue that the issue is not so much to do with “unethical business co…
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Exports up 20% in April 2017: Here are interesting statistics from the trade data
Sitting on the robust performance of various sectors such as petroleum, textiles, engineering goods, gems among other industries, India’s exports grew by 19.77% to $24.63 billion in the month of April. According to the data released by the commerce Ministry, Indian imports also grew 49.07% to $37…
NBFCs cash in on Indian banks bad loan pain
New Delhi: Indian banks struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies (NBFCs), which are not as strictly regulated as banks. With their share of total credit rising, new players and new investors have…
IIA demands easy exit route for sick MSMEs; Recommends exemption of various fee for sector
Insolvency and Bankruptcy Board of India (IBBI), SIPI – an independent think-tank on insolvency, INSOL India – the leadership body of insolvency stakeholders, FISME and Indian Industries Association (IIA) recently organised a roundtable of MSME representatives, professionals who assis…
‘Gems & jewellery trade fully ready for GST roll out from July’
The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said on May 16 and hoped that the Centre would levy only 1.25 per cent tax on the sector. It attracts 2 per cent tax (one per cent each of excise and VAT) at […]
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Coir industry registered a steep growth despite global recession: Giriraj Singh
Kochi: The coir industry in the country has registered a steep growth in the last three years in spite of global economic recession, the Union Government has said. It said steps would be taken to make the coir sector a Rs 25,000 crore industry in next seven years. Minister of State for Micro, Sma…
Kalraj Mishra launches MyKassia app & Kannada MSME Data Bank
Giving a further push to Digital India initiative, Union MSME Minister Kalraj Mishra launched MyKassia mobile app and MSME Data Bank (Kannada) at an event organised by Karnataka Small Scale Industries Association (KASSIA) at Bengaluru on May 16. The launched data bank features various outlooks of…
Major relief to J&K entrepreneurs: State govt makes setting up businesses easier
Srinagar: Jammu and Kashmir government on May 15 decided to simplify the process for setting up business, providing a major relief to young entrepreneurs of the state. The government has decided to do away with cumbersome process of seeking no-objection certificates from different departments to …
SAP India launches 30 GST Solution Centres for MSMEs
With the implementation deadline of July 1 for GST Law fast approaching, SAP has launched GST Solution Centers, its latest enablement program to fast-track readiness for MSMEs. These centers will engage with MSMEs and showcase SAP’s solution portfolio for GST. Organizations are keen to leverage G…
5 tips on building your start-up’s brand identity
We often talk about branding being an important business activity, but a brand is one of those words which is used leisurely by almost everyone but no one truly understands what it really means. When we talk about branding, it is never about your company name nor it is about how pretty the logo i…