The Tirupur Exporters’ Association (TEA) said the Reserve Bank of India’s decision to keep the repo rate unchanged at 6.25 per cent has disappointed the exporting community, which was expecting a reduction in interest rate, post demonetisation. The reduction in interest rate is the most important…
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Silver lining: Infosys founders’ accelerator doubles start-up intake
Amidst the gloom in India’s startup ecosystem over a funding crunch, here’s a silver lining: Bangalore’s Axilor has announced a doubling of the intake of startups for its accelerator program. Axilor was launched in November 2014 by Infosys founders Kris Gopalakrishnan and S D Shibulal along with …
Laghu Udyog Bharati signs skills development pact with NSDC
Laghu Udyog Bharati, an RSS affiliate associated with small industries, has signed an MoU with National Skill Development Corporation (NSDC) to impart training to students in various sectors. The training will be provided in sectors like apparel, automotive, beauty and wellness, textiles, gems an…
Flipkart, Amazon & Snapdeal join hands, flag concerns over GST
In a rare sight, top bosses of country’s major e-commerce players – Flipkart, Amazon and Snapdeal shared dais to raise their concerns over the draft Model GST Law. The draft proposes a clause called ‘Tax Collection at Source’ (TCS – Section 56). Under this, e-commerce marketplaces will have to de…
Nasscom’s IoT centre ties up with Revvx for start-up accelerator
IT industry body Nasscom’s Centre for Excellence for Internet of Things has tied up with Bangalore-based hardware accelerator Revvx to launch an accelerator that will focus on startups in areas such as IoT, smart gadgets and artificial intelligence. As part of the alliance Revvx will move its upc…
TAGMA India to organise 2nd International Tooling Summit 2017
New Delhi: Apex Body of Indian Tooling Industry – TAGMA India is going to organise the second International Tooling Summit 2017 here from February 9 – 10. The Tool Room Industry forms an integral part of the production process in almost every industry and are considered the mother ind…
Mobikwik sees spike in merchant enrolment in Tier II, III; registers 3k% growth
Indian mobile wallet major MobiKwik has said that Tier II and Tier III towns are leading the next level of growth in cashless transactions as the steps initiated by the Central Government to promote digital payments in smaller towns are yielding results. States such as Uttar Pradesh, Bihar and Jh…
Paytm’s QR code democratizes digital payments for small merchants
Paytm on February 8 announced that its QR code based payment solution is now powering over 35 lakh merchants to accept digital payments. The solution is actively used by consumers to pay at a wide range of merchants that include large organized retailers, hospitals, tolls, food courts to neighbor…
ExportersIndia clocks 25 lakh merchants on its B2B platform
India’s largest searchable B2B marketplace and exporters directory that connects manufacturers, exporters, suppliers and buyers ExportersIndia has announced that it has registered 25 lakh merchants on its platform. The company plans to raise that figure to 32 Lakh by the end of this calenda…
3D design tech firm Autodesk reboots business, eyes start-ups, SMBs in India
Inspired by the successful transition of Adobe, Intuit and Microsoft’s business model—from sale of licenses to an ongoing subscription model—US-based technology firm Autodesk, which has been selling standalone perpetual licences for its popular software products, has moved to a subscription-only …