As four out of five women in India wish to become entrepreneurs, the country is missing out on a potential 15.5 million new businesses and 64 million additional jobs by not addressing the challenges facing such women, a new Facebook study said. The study revealed that if just 52% of women were em…
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Chinese gaming company Youzu Interactive to invest $10 mn in Indian start-ups
Listed Chinese gaming company Youzu Interactive is entering the Indian market with plans to launch local Indian casual strategy games in 2017 through its unit set to come up in Pune, its India CEO Anuj Tandon said. Independent sources estimated the company would invest $10 mn to create local game…
SMBs not ready for GST, delay roll out till September: CAIT
Traders association Confederation of All India Traders (CAIT) made a case for delaying the roll out of Goods and Services Tax (GST) regime to September 1 as small businesses are not yet prepared for it. Nearly 70% of small businesses in the country are yet to adopt digital technology in their bus…
K’taka MSMEs urge CM to reduce lease period for land allotment
Karnataka Cabinet has passed an amendment to the Karnataka Industrial Areas Development Board (KIADB) rules on land allotment by withdrawing the 99-year lease clause for allotment to industries. After the decision, the clause of 99 years for allotment of land or plots to industries and infrastruc…
NIELIT to train small traders in digital payments
National Institute of Electronics and Information Technology (NIELIT) launched a programme to train small and medium traders in various modes of digital payments. NIELIT, under the Ministry of IT and Electronics, would conduct the programme through five regional workshops, 30 state workshops and …
Small businesses lobby for rules to increase liquidity
Close to five years after the introduction of a separate segment for listing of small and medium enterprises (SMEs), market participants are now looking at ways to increase the liquidity to attract more institutional and retail investors. With critical mass being attained, market participants are…
Start-up hubs can help overcome production and manufacturing issues: Saryu Rai
A nip in the air and visible excitement on the faces marked the first day of the first ever “Start Up Conclave East’17”, a landmark affair, at Beldih Club on March 4. The two-day conclave is being coordinated by students of the Entrepreneurship Cell, XLRI Jamshedpur, in association with Tata Stee…
Women hardly a presence in Hyderabad’s start-up ecosystem
Hyderabad: The city may have established itself as an emerging technology startup ecosystems in the country, but gender disparity continues to be a matter of concern in the field. Data available with the National Association of Software and Services Companies (NASSCOM) indicates that there has be…
GST Council approves draft CGST & IGST Bills
Inching a step closer to the roll out of the country’s most ambitious tax reform, the Centre and States approved the model draft Bills for Centre and Integrated goods and services tax (GST). “July 1, this year now optimistically looks like a possible date for the roll out of the GST,” Finance Min…
Google India inks MoU with Telangana gov to support start-ups digitally
Google India and Telangana government have signed a Memorandum of Understanding (MoU) aimed at supporting the digitisation efforts of the state. Google India will provide Google Cloud credits and access to all cloud platform products to eligible startups engaged with Telangana government’s …