News

Jet Airways to launch e-marketplace for SMEs

Mumbai: Riding the digital wave, Jet Airways is planning to launch a marketplace for small and medium enterprises, making it the first airline in the country to launch such a platform. The marketplace, to be launched in the next 3-4 months, will help SMEs buy/sell products online. “We need to cre…

Norms tweaked, ‘Fund of Funds’ for start-ups takes off

New Delhi: After almost a year since the Union Cabinet gave its green signal, the Centre’s ambitious Rs 10,000-crore ‘Fund of Funds’ (FFS) for financing start-ups over a nine-year period is finally off to a roaring start. In the first few weeks of April 2017, venture capital funds (VCFs) have lap…

Khadi notches over Rs 50k cr record sale

New Delhi: One doesn’t usually associate village industries and khadi units with big bucks. But last year, the low-profile segment notched up sales of over Rs 50,000 crore for the first time. While khadi sales are being pushed hard by the government, the surprise is the bumper demand for pr…

Odisha govt to launch web portal for start-ups

Bhubaneswar: Odisha government is going to launch a web portal for start-ups on May 1. The web portal aimed at promoting ease of doing business for budding entrepreneurs and creating an ecosystem for start-ups in the state. The existing and upcoming start-ups, incubators and angel networks would …

Start-up foundation to be launched in Vadodara

“We will be also launching Startup India Foundation in which all those who will be participating in the summit will be registered as members,” said Nikhil Suthar, co-pilot, Startup Vadodara. “A lot of start-ups fail to grow because of lack of mentorship, investment, pitching pla…

BSE allows broking, microfinance firms to list on SME platform

New Delhi: Leading stock exchange BSE has allowed broking and microfinance companies to get listed on its small and medium enterprise (SME) platform, a move that will encourage such entities to tap the IPO route. The new norms will provide these companies easy access to capital, enhanced visibili…