New Delhi: Ujjivan Small Finance Bank (USFB) is aiming to become a “mass market bank” in the next five years, its Managing Director and CEO Samit Ghosh said. It also plans to — after five years — apply to the Reserve Bank of India (RBI) to become a full-fledged universal commercial bank, Ghosh sa…
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Small funds to complain on IPO allotment to Sebi
Smaller fund houses want a change in the rules on allocation in Initial Public Offers (IPOs) of equity. Some of them say preference in the anchor investor portion is given mostly to larger entities. Those not among the top 15 rarely get any. The issue is to be raised on April 25 with the markets …
GST not to be inflationary, says Hasmukh Adhia
With the GST rollout now only a matter of time, the Modi government is engaged, in a war-footing, on laying down the infrastructure, with Union Revenue Secretary, Dr Hasmukh Adhia, touring the country, meeting all the stakeholders and allaying apprehensions, if any. In an interview Adhia answers …
Govt proposes to fast-track insolvency resolution for start-ups
The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft nor…
IIM Indore comes up with training prog on innovation management in SMEs
Indore: Indian Institute of Management Indore has come up with an innovation management programme, specifically customised for Indian Small and Medium Enterprises (SMEs) and co-created by experts from premier German and Indian Institutes. This programme has been designed to support SMEs with thei…
Coming soon: Govt will launch a Startup India marketplace
Dr Subhash Chandra Pandey, additional secretary and financial advisor, DIPP said, the Department of Industrial Policy and Promotion (DIPP) will be setting up a Startup India hub, a marketplace of sorts where all stakeholders from the ecosystem can speak to another stakeholder. The forum will be l…
Khadi: A way forward to green & clean India
The single-most important challenge that humanity is facing nowadays is the need for economic development within ecological limits. Humanity must live within clear planetary boundaries to attain sustainability in the long run that can trigger off economic activity and validate economic output. Kh…
Jammu start-up community organises first start-up meet at Zonixsoft Trikuta Nagar
Jammu startup community held its first startup meet at Zonixsoft Trikuta Nagar. The main agenda of the event was to create a startup ecosystem in Jammu. All the startups operating from Jammu were invited along with the budding entrepreneurs. The vision of the community is to build a strong networ…
10 fundamental legal requirements for every start-up
One of the principal causes which lead to the failure of a startup is disobeying the law. Startup founders while beginning the business may set aside many compliances for ignorance of law. However, no court of India accepts ignorance of law as an excuse. Besides, the legal jargons and expenses ma…
Success rate among Indian start-ups is good: IT expert
Hyderabad: Mortality rate among start-ups in India is not alarming, and their success ratio is actually good and on par with global trend, said an expert in information technology (IT) industry. “In the start-up industry (in India), if you look at ten companies at least three or four will s…