Can IT services companies and new age start-ups form a good and profitable cocktail? IT services companies need to innovate and start-ups have an opportunity to capture the situation. Krishnakumar Natarajan, Executive Chairman at Mindtree spoke to the Entrepreneur India about the nuances of colla…
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Challenge for start-ups to get funding: Kris Gopalakrishnan
Securing series C and beyond funding is a challenge for start-ups, information technology veteran and Infosys Co-Founder Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those fi…
BSE SME Head bats for equity funding at IIA Noida forum on new avenues for raising finance
April 07, 2017 | Access to finance is the most important factor for the growth of any SME and Bank loans is the most common source of finance. While bank financing will continue to be crucial for the SME sector, new options like equity financing is slowly but surely finding its way amongst SMEs. …
Govt will encourage value addition in aluminium sector: Piyush Goyal
The government will encourage value addition activities in the aluminium sector and seek to enhance self-sufficiency in the industry which is facing a surge in imports, said Piyush Goyal, Minister for Power, Coal, Mines and New and Renewable Energy. Addressing industry executives at the CII Globa…
Good news for start-ups: India to get 100 more incubators
The Indian government will invest Rs 200 crore to set up 100 more incubators across the country to support start-ups in innovations, a top official said on April 6. “As we want to double the number of incubators over the next four years, we will spend Rs 200 crore on setting up 100 more incubator…
Marching towards growth: InMobi becomes second Indian Unicorn to turn profitable
Bengaluru-based mobile adtech firm InMobi claims that it has turned profitable in the last quarter of 2016. This makes InMobi the second Indian unicorn after data analytics firm Mu Sigma to become profitable. As per the company, it has been generating cash every quarter starting April-June in the…
Income Tax benefits for start-ups: Just 10 out of 208 qualify
Only 10 start-ups have benefited from the government’s decision to give income tax exemption to eligible start-ups. This was even as 208 applications were considered for these tax benefits since the launch of the scheme in January, 2016. “Out of the total applications received, 208 applications c…
Leasing expands in India’s SME market
Sumitomo Mitsui Banking Corporation (SMBC) is to team up with IFMR Capital to offer a range of leasing and financial services to companies in the agriculture and micro, small and medium sized enterprise (MSME) sectors in India. The two companies have signed a memorandum of understanding designed …
Startups are preferring to adopt Cloud Telephony Services in India
Cloud Telephony is typically replacement of your business phone systems like PBX, EPBAX with cloud services. Through Cloud Telephony, it becomes easy for the user to connect with the audience on a scalable and efficient platform. The cloud based telephony service has proved to be time saving, mos…
Indian-origin start-up attracts investments from Boeing to develop alternative propulsion aircraft
New York: A hybrid electric aircraft startup founded by an Indian-origin entrepreneur has received investments from aerospace giants — Boeing and JetBlue owing to its goal to develop alternative propulsion aircraft. Zunum Aero, founded by Ashish Kumar three years ago in Kirkland, Washington…