Maharashtra Chief Minister Devendra Fadnavis has said he will talk to Union Finance Minister to look into the concerns of the gems and jewellery industry about the proposed GST. “The gems and jewellery industry not only earns foreign exchange for the country but also generates employment opportun…
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Move afoot to ease norms for VC funding in start-ups
New Delhi: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups and relax the definition of a startup to include older biotechnology and medical device companies. The DIPP has suggested these changes be incorporat…
6 key reasons why competition is good for start-ups
As a round off to last year’s festive season, the Indian startup industry has been witness to a lot of traded barbs between Flipkart and Amazon India, who are in a race to gain the top slot in e-Commerce. It is indicative of the competitive environment within which Indian startups have to make a …
A silicon valley in every state through ‘Make in India’ revolution
Startups drive the sustainable economic growth and generate large scale employment opportunities for a country. Startups are driven by technology and innovation and prove to be the most effective instrument for a countries transformation. Indian startup structure has created millions of jobs in t…
Govt considers reality show for startups, looks at Shark Tank
The Department of Industrial Policy and Promotion (DIPP) has given in-principle approval for a government-run reality show on the lines of the popular American TV programme Shark Tank, to promote startup culture in the country. The programme, to be simultaneously broadcast on Doordarshan, a priva…
Yes Bank’s Business Accelerator Program picks 12 fintech start-ups
YES FINTECH, Yes Bank’s Business Accelerator Program for Fintech Startups, on Friday announced the 12 startups that are set to join its inaugural cohort. The final 12, were selected from the top 35 startups who showcased their solutions to the YES FINTECH Leadership over a 2 day pitching se…
No development plans for start-ups in Karnataka budget
The Karnataka Chief Minister’s 12th state Budget has been criticized for many reasons, most stridently for the absence of a loan waiver for farmers. But, it does focus on agriculture by taking into account the consecutive years of drought and suggesting suitable proposals. And proposals for…
Sebi taking a fresh look at crowdfunding norms
Mumbai: The Securities and Exchange Board of India (Sebi) is taking a fresh look at setting up a regulatory framework for crowdfunding, said two people aware of the development. Sebi’s proposals include introducing a minimum net worth criteria for investors to be eligible to invest in start-ups t…
Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty
Mumbai: Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands. The microfinance lender is in talks with private equity firm Kedaara Capital Investment Managers Ltd to sell mor…
NSDC, Amazon India team up for Nagaland women entrepreneurs
New Delhi: The National Skill Development Corporation (NSDC) has partnered with Amazon India to drive digital literacy among women entrepreneurs in Nagaland. The initiative will enable them to sell their products internationally, Skill Development and Entrepreneurship Minister Rajiv Pratap Rudy s…