Hyderabad: An employee of AquaSoul, a Hyderabad-based incubation-stage start-up, is busy explaining a small robot boat system that consists of two devices. While the first device gauges the temperature and quality of water and sends information to the Cloud, the other roams around an aqua farm to…
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As a small finance bank, Disha to offer MSME loans to rural borrowers
Micro-finance platform Disha plans the formal launch of its small finance bank (SFB) in the next quarter, followed by 30-40 branches in the next three months. The SFB, under parent Fincare Business Services, also looks to offer products such as gold loans and micro-enterprise loans to rural custo…
Rs 9,803 cr credit support to small Odisha firms
Bhubaneswar: Credit of Rs 9,803 crore has been advanced to micro, small, medium, khadi and village industries in the State by various banks against the target of Rs 14,554 crore during 2016-17. This was informed by Convenor of State level bankers’ committee (SLBC) Anil Kumar during the meeting o…
Goa Budget: Rs 169 cr boost for IT industry, start-ups to get financial aid
Porvorim: While Chief Minister Manohar Parrikar appeared to have addressed all the demands of the industry lobbies, the state budget was quite spartan in its mention of Goa’s industrial and manufacturing sector. Though Parrikar gave his commitment to improve Goa’s performance on the e…
KVIC bags its largest ever bulk order
New Delhi: The Khadi and Village Industries Commission (KVIC) has received its largest bulk order for supply of 98,000 meters of khadi fabric to Raymond Ltd. Confirming the order, valued at over Rs 2 crore, KVIC Chairman V K Saxena said it is the largest ever the commission has received from any …
Regulation is the need of the hour for P2P start-ups
A major issue affecting any nascent industry is regulation. There are pros and cons: Though regulation seems to stifle innovation, unbridled organisations may cause more harm than good to the society. When discussing peer-to-peer lending (P2P) in the context of regulation, we need to first unders…
Use of digital technology to push business growth: Study
Adoption of advanced digital technologies in India can bolster revenue by up to 27 per cent, drive employment by 84 per cent and enhance significantly access to overseas markets for small and medium businesses, says a study. “In India, adoption of advanced business digital technologies can lead t…
Cross Border Angels commits $500k into eight start-ups
Cross Border Angels (CBA), the investment network started by US-based Scaale Group three years ago, has committed to invest at least $500,000 (Rs 3.3 crore) in eight Indian startups. “We are looking if we can raise our investment commitment to as much as $1 million,” said Mandar Gadkari, who head…
Planning for the future: How predictive business analytics can be a game changer for SMEs
For every company, big or small, the ability to correctly predict the future is the key to sustainable growth and at times even the very existence of the enterprise depends on it. SMEs are so caught up in the day-to-day management that they often fail to plan or predict what the future may hold f…
Coir Board imparts training to women under Mahila Coir Yojana
New Delhi: The Coir Board is implementing Mahila Coir Yojana (MCY) exclusively for empowering women by giving training and distribution of coir processing equipment. Minister of State for MSME Giriraj Singh informed Rajya Sabha in a written reply. He stated in his reply thta this is a 100% women …