Chennai: The number of sick Micro, Small and Medium Enterprises (MSMEs) has doubled in the last four years, the Minister of State for MSME Haribhai Parathibhai Chaudhary in a written reply to a question in Lok Sabha on April 10. The reply provides figures made available by the Reserve Bank of Ind…
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GST : What the future holds for start-ups
There was a time in India when being an entrepreneur got you really sad looks, and a hopeless marriage profile. Then the Silicon Valley found its second home in India, with Bangalore being the first choice, and saying that you were the founder of a ‘startup’ became the new cool. What started in t…
Higher production costs impact manufacturing competitiveness
Mumbai: Rising production costs significantly impacted manufacturing competitiveness in the last few months, according to a survey. Industry body FICCIs latest quarterly survey on manufacturing suggests slight decline for the manufacturing sector outlook in the fourth quarter (January-March) of t…
GST impact: How enforcing input tax credit can hurt the SME economy
Long before the Goods and Services Tax (GST) got Parliamentary approval last week, there were opportunities through draft laws for accountants, lawyers, tax-paying enterprises — even technology companies—to participate in its creation. “The government and administrative machinery are dialog…
KVIC opens new training-cum-production centre in Assam village
Following the old saying ‘Idle mind is devil’s workshop’, the Khadi and Village Industries Commission (KVIC) has come out with a novel way to cut out illegal poaching and maintain flora and fauna in and around Kaziranga National Park. Amid much fervour and gaiety, the KVIC Chair…
Instamojo targets 1 mn small & medium businesses by 2018
Indian on-demand payments and e-commerce platform, aims to expand its current merchant base of 250,000 to 1 million by next year. Instamojo has successfully increased the number of merchant registrations on the platform by 106% and has witnessed a 150% growth in new merchant activations in the la…
Entrepreneurs need to be strategic in deploying funds: Anand Govindaluri, Govin Capital
Anand Govindaluri, a former investment management executive who’s served stints with Temasek Holdings and ETPL, the commercialisation arm of Singapore government agency ASTAR, forecasts significant growth coming for the startup/VC ecosystem in the city-state and broader ASEAN region. The principa…
Capgemini charts out plan to engage with fintech start-ups
Hyderabad: When it comes to financial technologies, smaller IT firms and start-ups are coming out with solutions that are phenomenally changing the way people carrying out their financial transactions. The big IT firms have long released this. Capgemini, the French multi-national IT consulting fi…
Gujarat to now promote cow-oriented start-ups
Gandhinagar: After enacting the stringent new cow protection law, the Gujarat BJP government plans to launch cow-oriented startups, aiming to promote cow-based industry in the state. These will conduction activities ranging from professional cow rearing to sale of products like cow milk, ghee, ga…
Now, Nasscom plans to set up IoT CoE in Hyderabad
Hyderabad: It is going to be a double IT bonanza for the city as after zeroing in on Hyderabad for a centre of excellence (CoE) on big data and analytics, Nasscom is now planning another CoE for internet of things (IoT) in Hyderabad, senior Nasscom officials said. “We have already set up on…