Ikea is sharpening India focus as it plans to double sourcing from the Indian market to 600 million euro by 2020 and will start work on its second store in the country in Navi Mumbai by May of 2017 . The global home furnishing giant from Sweden sources products worth 318 million euro from India. …
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Funds pouring in for both early & late-stage start-ups
Since 2017, there are as many private equity deals in the start-up space, as much as seed funding deals, according to data by trak.in. While the line between late-stage funding by venture capitals (VCs) and early private equity (PE) investments is blurred, the size of investments have steadily in…
Gujarat Traders Federation asks Modi to ease GST rules
The Gujarat Traders Federation on April 22 asked Prime Minister Narendra Modi to intervene for easing the rules and structure of the upcoming Goods and Services Tax (GST). The federation reached out to Prime Minister Modi through a letter which pointed out various hindrances towards ease of doing…
How Cisco can win big from small businesses
IDC forecasts that small and medium-sized businesses, or SMBs, are going to spend $668 billion on IT products and services in 2020, as compared to $564 billion last year, outpacing the growth of the overall IT market. One of the ways to take advantage of this market is through Cisco, as it has be…
Feel free to use Commerce Ministry’s twitter seva: Nirmala Sitharaman
The commerce and industry ministry said it has responded to almost all the queries raised by people on its ‘twitter seva’ hashtag and urged people to make optimum use of this facility. “People had approached in quite a big number and 99 per cent had been served within the two wo…
PMEGP an effective scheme to tackle unemployment: Assam Commissioner of Industries & Commerce
The Prime Minister’s Employment Generation Programme is an effective scheme to tackle unemployment and generate sustainable employment opportunities in rural and urban areas, Assam Commissioner of Industries and Commerce K K Dwivedi said here today. “Financial institutions like banks …
Infobeans Tech IPO subscribed 31 times; mops up Rs 1,100 cr
The initial public offer of Indore-based Infobeans Technologies has garnered a whopping subscription of Rs 1,100 crore, making it one of the highest mop-ups in share sale by a small and medium enterprise (SME). The company received bids for 19 crore scrips against the total issue size of 63.48 la…
Video learning platform VideoKen secures $1mn funding in the seed round
VideoKen, an artificial intelligence (AI) and machine learning based platform for video based collaborative learning, has raised $1 million from a bunch of angel investors. Started in January 2017 by Manish Gupta, former VP & Director, Xerox Research India and Ashish Vikram, former VP of Engi…
Lady Hardinge orders Khadi products after govt order
New Delhi: Lady Hardinge Medical College (LHMC) on April 21 became the first central government hospital in the country to place a Rs 33 lakh order for Khadi products, after the Centre made it mandatory for 23 of its hospitals to purchase Khadi products only. The order, placed to Khadi and Villag…
Singapore govt committed to help SMEs: S Iswaran
“The government is committed to helping SMEs overcome barriers to innovation, R&D and technology adoption. We will ensure that SMEs are not left behind in the technological and digital revolution,” asserted S Iswaran, Minister for Trade and Industry (Industry) in Singapore while speaking at S…