Chennai: Upto 30 Indian startups stand the chance to offer solutions to complex issues identified by the Guizhou province in China. Considered to be the data analytics hub of the country, the province intends to have 2 million servers by 2020 and is going all out to invite startups across the wor…
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MSME Min to revive Pilibhit flute industry
Pilibhit: The Union Ministry for micro, small and medium enterprises (MSME) has taken the initiative to revive the traditional flute industry of Pilibhit, which is on a decline at present. For this, the ministry plans to promote flute artisans and help them build their own platform for manufactur…
Fintech players tap technology to aid financial inclusion
Financial inclusion is taking a step ahead with more fintech players using technology and big data to help smaller borrowers with zero digital footprint and no documentation gain access to formal channels of banking. Technology and data analytics have been put to good use by many fintech players …
CSFB raises Rs 64.66 cr through 14.7% stake sale to Insurers, LLP
Chandigarh: Punjab-based Capital Small Finance Bank (CSFB) has raised Rs 64.66 crore through 14.7 per cent equity sale to ICICI Prudential Life Insurance, HDFC Standard Life Insurance and Pi Ventures LLP. The three companies have acquired a stake of 4.9 per cent each in Capital Small Finance Bank…
India exports grow fastest in 5 years in 2016-17, despite demonetisation
India’s exports grew at its fastest pace in five years by 4.7% to $274.65 billion during the financial year 2016-17, despite the demonetisation drive that slowed domestic economic activity since November. In March, exports grew a whopping 27.6% to $29.23 billion after clocking a 17.5% jump in Feb…
TReDS: How the system meant to help MSMEs get capital works
The Reserve Bank of India (RBI) has allowed three players to launch Trade Receivables Discounting System (TReDS) — a digital platform where small businesses (MSMEs) can get access to capital by auctioning their trade receivables. Here is a detailed explanation of the concept of TReDs: Q: What is …
Sebi wants stricter monitoring of IPO proceeds by small firms
New Delhi: To check any misuse of funds raised through IPOs, regulator Sebi plans to make it mandatory for all companies to appoint a monitoring agency to keep a tab on use of the capital raised through share sale. Under the present norms, such a monitoring agency — which could be a bank or…
SMBs are advertising on Fb because it is helping drive results: Esme Dean, SME India
Social networking platform Facebook recently announced that it now has 65 million businesses pages on Facebook, 8 million have profiles on Instagram. In a blog post released this week Facebook said with more than 5 million active advertisers on Facebook, it needs to provide solutions for business…
‘Allow anchor investors in SME IPOs’
Investment bankers want the Securities and Exchange Board of India (SEBI) to allow anchor investors in public issues of small and medium enterprises (SMEs) while also enhancing the upper limit for paid-up capital of such companies to allow relatively larger firms to enter the capital market while…
Centre gives nod to seven new business incubators in Rajasthan
Jaipur: Rajasthan has received approval from the Centre for setting up seven new livelihood business incubators (LBI) in the state. For each LBI, a grant of Rs 1 crore has been sanctioned under which youth will be provided skill development in various trades. Union Ministry for Micro Small and Me…