In September 2010, a three-person AI startup called DeepMind Technologies launched in London, with the goal of “solving intelligence.” Four years later, Google acquired the company for $500 million. And by 2016, it had achieved a major victory in AI: Mastering the complex game of Go. …
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How focus on spending priorities can benefit start-ups in the long run
Early last month, while going back on how Simplilearn chose its leadership, this column asked if “good business without a knack for building strong teams” could benefit start-ups in the long run? A younger start-up Rubique (set up in late 2014) has chosen to grow by spending the funds it raised “…
India & Malaysia keen to take bilateral trade to $15 bn
India and Malaysia have expressed keenness to take their bilateral trade to $15 billion in the “immediate future“, with the CEO’s Forum identifying infrastructure, healthcare, education and SMEs as key areas of furthering cooperation. A joint statement of the India-Malaysia CEO&…
Sharia-compliant Octaware Technologies lists on BSE SME Platform
April 03, 2017 | Octaware Technologies got listed on the BSE SME Exchange platform today. Octaware Technologies Limited (OTL) is a software development, enterprise solutions and consulting firm engaged in the business of providing a range of IT solutions across Healthcare, Education and Financia…
Maharashtra to design solar power scheme for textile mills
In order to make more power available to the textile industry in the state, the government of Maharashtra will design a scheme for enabling the use of solar power by textile mills, according to the state’s Textile Minister Subhash Deshmukh. The government will also think of introducing new techno…
Shift in plan: Make in India to focus only on few key sectors
Facing flak for attracting less-than-expected foreign investment in manufacturing sectors under the Make in India campaign, the Department of Industrial Policy and Promotion (DIPP) has now decided to focus on a few key sectors, instead of all 25 that were included in the scheme. Launched in Septe…
SMEs may turn to cooperative banks
Bengaluru: The Micro, Small and Medium Enterprises (MSME) sector, which is on the road to recovery after taking a hit during the demonetisation drive, is caught in a bind yet again with the new regulations of State Bank of India, which mandates a minimum balance for savings accounts. Unable to me…
Pune now decks up for a spot on India’s startup map
The Pune Smart City Development Corporation (PSCDC) has set up a new subsidiary, Pune Idea Factory Foundation (PIFF), which will serve as a one-stop shop for anything startup related in the city. Maharashtra Chief Minister Devendra Fadnavis has said that he would like to make the city India’…
At Rs 51.25 cr Euro India IPO biggest ever on SME platform
Mumbai: Surat based Euro India Fresh Foods (Euro India) completed the biggest IPO on any of the SME platforms in India with a Rs 51.25 crore offer. On Friday, the stock was listed on NSE Emerge platform at Rs 82.35 and closed at Rs 89.95. The shares were offered at Rs 78, a release from [……
FIEO felicitates exporters of Northern India
In order to encourage the exporters and have an intrinsic growth FIEO instituted the Regional Awards which is given at the state level to exporters who have excelled in their respective fields and states. The states of Northern India play a significant role in India’s total exports and FIEO felic…