Silicon Valley’s super angel investor in Uber who campaigned against Trump’s Presidency has expressed happiness about India seeing a return of its tech entrepreneurs from the US. Shervin Pishevar, the Tehran born executive chairman of Hyperloop One and co-founder of US based venture c…
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Digital technology has opened avenues for MSME to create an impact: Report
Mumbai: At a time when several companies and sectors are feeling a threat of digital economy, small and medium scale enterprises are set to ride on the technology and see a spurt in their growth according to a report by CII and KPMG. “Digital technology has opened a plethora of avenues for …
IECM all set to host DelhiWood 2017 with focus on skill development of SMEs, carpenters & craftsmen
The India Expo Centre and Mart (IECM) in Greater Noida is fast becoming a hub of large-scale industry specific fairs and exhibits in the Delhi-NCR region and touted as the next replacement of capital’s trade fair. After the successful hosting of Indian Gifts and Handicrafts Fair (IGHF) from…
Sales tech start-ups in India are second to US in terms of funding
Funding for sales tech start-ups has been on the rise recently and India is second to the US in terms of funding. Outside the US, countries such as Canada, India and UK witnessed the largest number of sales tech start-ups funded between 2012 and 2016, together representing 14% of all non-US start…
Karnataka committed to creating start-up friendly environment: Priyank Kharge
Minister of State for Information Technology and Bio-Technology Priyank Kharge has reiterated Karnataka government’s commitment to create a conducive business atmosphere for start-ups better than any other State in the country. Addressing an international seminar on Internet of Things at Sharanab…
To boost Khadi production, KVIC to upgrade all 6 cotton sliver plants
In a bid to increase cotton supply to khadi institutions, Khadi and Village Industries Commission (KVIC) is planning to upgrade its six cotton sliver plants under the Khadi Reform Development Program (KRDP) this year. The plants’ production capacity will be increased by 40 per cent from cur…
‘Rural Innovation & Start-up Conclave’ to strengthen cadre of young innovators from March 23
Hyderabad: The National Institute of Rural Development & Panchayati Raj (NIRDPR) will organise the ‘Rural Innovation and Startup Conclave’ (RISC2017) here from March 23. The focus of the two-day event is to build capacities and promote fresh talent by giving them a platform to dis…
Cibil pegs MSME bad loans at Rs 55k cr; Launches score for them
Mumbai: Warning that the banking industry is staring at a potential stress of nearly Rs 55,000 crore in its MSME exposure, Transunion-Cibil has launched a ranking for small businesses to take care of “information asymmetry”. It estimates the gross non-performing assets ratio for MSMEs…
Bleeding start-ups stare at a harsh summer; Hand out pink slips to hundreds
The Indian start-up sector is bracing for more job losses as some half-a-dozen midsized companies issue layoff notices to hundreds of employees in a bid to trim costs and conserve cash in what portends to be a harsh summer for an industry struggling to deal with the effects of fast-paced growth. …
SIDBI-CSFB pact to help MSMEs avail loans at cheaper rate
New Delhi: Lender to small industries SIDBI has signed an agreement whereby it will handhold the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to MSMEs. The Memorandum of Understanding signed between the Small Industries Development Bank of India (SIDBI) a…