Despite their importance to the Indian economy, MSMEs suffer institutional neglect with access to financing at a reasonable cost being one of the key pain points for small businesses. However, a combination of realisation of the importance of this segment, improved risk appetite, and innovations …
News
Ford to invest $1 bn in Artificial Intelligence start-up
Ford Motor Co. is investing $1 billion over the next five years in artificial intelligence startup Argo AI to help build the brains of its robot cars. The Pittsburgh company, founded last year, specializes in robotics and virtual driver systems. It will compliment Ford’s autonomous vehicle …
Government plans first start-up district with incubators
NEW DELHI: India will soon have its first start-up district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of innovative solutions in agriculture, health and education. Commerce & Industry Minister Nirmala Sitharaman, who is a Rajya Sabha MP …
Sebi ready for change in start-up listing norms
New Delhi: To make start-up listing platform more attractive, Sebi Chairman U K Sinha today said the regulator is willing to consider suggestions for possible changes in the norms for such companies. Besides, a new Central Know Your Customer (CKYC) mechanism, which will provide common and one-tim…
DIPP to soon seek Cabinet nod for leather scheme
New Delhi: Commerce and Industry Ministry will soon approach the Cabinet seeking approval for the scheme pertaining to the leather and footwear segment — on the lines of textiles — to boost manufacturing, exports and job creation. In the Budget 2017-18, Finance Minister Arun Jaitley a…
It would be important to see how SMEs adjust to demonetisation: Bajaj Finserv
The SME sector continues to see the slow growth that was witnessed even after the note ban that was enforced last November, Sanjiv Bajaj, Managing Director of Bajaj Finserv . Bajaj said that defaults on loans had gone up marginally before the third quarter and that Bajaj Finserv had tightened its…
Govt tenders still out of reach for start-ups struggling with tough eligibility criteria
New Delhi: Mohan Chandrasekaran’s two-year-old firm AdStringO managed to secure the coveted government approved startup certification but that hasn’t helped smoothen its path to government contracts. Chandrasekaran has been keen for his image compression software firm to secure business from gove…
Sharing is caring: Start-ups come together to tackle rising cost of quality resources
Chennai: In a bid to solve the rising cost of quality resources – such as office space, access to CRM softwares etc – which are unaffordable at times for bootstrapped, early stage startups, their established well-funded counterparts such as Freshdesk, Zarget, Chargebee and CloudCherry…
Pharma SMEs in Karnataka look forward to value chain upgradation
Karnataka’s Small and Medium Enterprises (SMEs) are working to move up the value chain as regulated markets including the US pose challenges to attract contract manufacturing business. The state is a recognised destination of quality manufacturing. “This is evident from the fact that most of the …
Chikankari & SMBs in Lucknow to get a digital push from Facebook
The city’s traditional art of embroidery – ‘chikankari’ and other small businesses would soon get a digital push. Social networking giant Facebook has lent a helping hand to Lucknow’s women entrepreneurs, motivating them to use its digital space as a platform to reach out to consumers. Experts fr…