Ahmedabad: In these difficult times for startups, when they are downing shutters in droves, fitness technology firms have caught the eyes of investors and many of them have successfully raised funds to tap into the Rs. 95,000 crore Indian market in this segment. With growing rage of fitness among…
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Too many start-ups, not enough funds in the flow!
As India’s start-up sector matures and becomes busier, entrepreneurs are finding that money is flowing a little less freely. In the first quarter of 2017, deal-making slipped 47.45 per cent from the same period a year ago, according to financial research platform VCCEdge’s latest Startup Deal Rep…
Zota Health SME IPO subscribed 16 times
Chennai: The Rs 58.50-crore initial public offering of Zota Health Care at the NSE-Emerge (the SME platform of the NSE) has received overwhelming response from retail investors and high net worth individuals. The issue was subscribed 15.9 times, with the company receiving bids worth Rs 902 crore.…
India to clock 7.1% GDP this year, 7.5% in 2018: UN
United Nations: India is expected to clock 7.1 per cent growth this year before edging up to 7.5 per cent in 2018, according to a UN report, which warned that the country faces heightened risks related to the concentration of bad loans in the public sector banks. The UN Economic and Social Commi…
SMEs approach Finance Minister for extension of GST launch
New Delhi: Retail SME businesses have built a case for deferment of implementation of GST by two months to September 1 on account of complexities involved to comply with the new set-up. A group of retail businesses, including Max Standard Retail Pvt, SRS Group and Vmart, has written a letter to F…
In search of raw material, Kanpur leather units scout land in Bengal
Kolkata: Tanneries of Kanpur were keen to set up units in West Bengal and looking for lands in the state following problems of raw material sourcing in Uttar Pradesh. “Some 20 or 25 tanneries have shown interest to open their units here because of problem to get raw materials in Uttar Prade…
Get ready entrepreneurs! SAIF Partners plans to invest in 10 new start-ups
Venture Capital firm SAIF Partners which was the early backer in companies such as MakeMyTrip, Paytm and Swiggy is likely to make at least 8-10 new bets during the current year, according to a top executive. “Historically we must have done 8-10 investments in a year. It will go at the same …
Textile industry batting for lowest slab of 5% under GST
Coimbatore: The textile industry has urged the Union Government to make a uniform levy of 5% (lowest slab) on all textile and clothing products under the GST (Goods and Services Tax). They also want the government to continue the duty drawback benefits for garment and made-up exports. The entire …
India should be a standard setter, not follower: Nirmala Sitharaman
New Delhi: India should be setting quality standards for products rather than following global norms, Commerce and Industry Minister Nirmala Sitharaman said, stressing on timely dissemination of regulations for better implementation. Addressing the 4th National Standards Conclave here, she called…
‘The runway for mid & small-cap companies is long but not infinite’
According to Morningstar India, mid-cap funds constituted 11% of the overall equity fund assets under management in 2014; this moved up to 16% in 2015 and currently stands at 20%. Mid- and small-cap funds have been getting a lot of inflows as compared to large-cap flows. Are we building ourselves…