News

Karnataka strengthens investment climate

Karnataka is hosting the Make in Karnataka Conference from February 13-14, as a part of the overall ‘Make in India’ initiative. The first state to pioneer special investor forums as far back as 2000, it has taken a lead role in attracting investments. Karnataka enjoys multiple advantages in the m…

Cloud push: From start-ups, SMEs to large companies, IBM serves them all

The role of the cloud is changing—it is maturing. It is now the platform for innovation and business value. This is where the US computing giant IBM is setting its sights, indicated by its shift to higher value cloud capabilities. Globally, the Armonk, New York-based firm has built a $12.7 billio…

GoBumpr bags $300k from Chennai Angels

Chennai: Automobile services platform, GoBumpr, on February 10 announced that it has raised $300k in funding led by The Chennai Angels. GoBumpr.com is an end-to-end pitstop for car and bike owners to find, book & pay for automobile services at a click of the button. The investment round was l…

India’s start-up story: What works and what doesn’t?

Participating in a debate on ‘India’s Startup Story: Where Do We Go From Here?’, Mahesh Murthy, Co-Founder of Seedfund, said startups, which get launched when the markets are doing well, can sometimes lead to a false sense of security. Rajiv Lochan, the MD & CEO of The Hindu Group, who modera…

Jaitley meets Directors of RBI Central Board

New Delhi: Finance Minister Arun Jaitley on February 11 stressed on the importance of uplifting the rural sector in India at a post-budget meeting organised here. Addressing the meeting of Central Board of the Reserve Bank of India, Jaitley discussed the importance of increasing allocation toward…

Further anti-dumping duty extension detrimental for SMEs: EEPC

Any move by the government to extend further protection to large steel makers by imposing anti-dumping duties would be detrimental to small and medium enterprises, engineering exporters’ body EEPC India has said. The statement comes soon after the government extended anti-dumping duty by tw…

Make in India in defence will boost MSME sector

Mumbai: The Centre is attempting to boost MSME sector’s contribution towards indigenous manufacturing in defence from the present 20-30 to 70 per cent in the next five years under its ambitious ‘Make in India’ programme, Lt General Ravi Thodge (Retd) said. Lt Gen Thodge, AVSM, S…

Smaller cement companies are hogging the limelight; Here’s why!

In the past one month, the stock price of little-known Andhra Cements ran up close to 70 percent, even beating its larger peers by a margin. The rally could most likely have been sparked by market buzz that the Jaypee Group-promoted cement player has been put on the block. A look at Andhra Cement…