Mumbai: In an attempt to improve the ease of doing business, the Maharashtra government plans to exempt new startups from inspections relating to key labour laws for a period of three years. This follows the Centre’s move to relax labour law compliance for startups. The laws include the Con…
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MDMA seeks to generate over Rs 500 cr new businesses
Mumbai Diamond Merchant Association (MDMA) on February 5 signed MoU with MP and Indore Sarafa Associations for design and newer avenues to generate over Rs 500 crore new business and creating over 1 lakh job opportunities in the gold and diamond jewellery trade, said a PTI report. “We have entere…
Micromax to set up $100 mn fund to invest in start-ups
New Delhi: Micromax is setting up an independent fund which will raise upto $100 million (Rs 680 crore), aimed at investing in consumer Internet companies across the world that have relevance to the Indian market. The fund, in which the leading home-bred handset maker will be the anchor investor,…
Telangana government launches India’s first social innovation centre
Hyderabad: Telangana government launched the Kakatiya Hub for Social Innovation in Nizamabad on February 5, which is expected to be up and running by September. Funded by the Telangana government, Kakatiya Hub, which will function like a rural incubator to encourage entrepreneurship at grassroots…
Maybank unveils payroll processing software for SMEs
Small and Medium Enterprises (SMEs) can now enjoy greater convenience and efficiency in their payroll processing with the launch of Maybank’s tie-up with Asian Business Software Solutions (ABSS). Maybank said this is its first collaboration in Singapore with an external software company to provid…
Technology & bio-business meet ‘BioAsia 2017’ to showcase healthcare start-ups
Hyderabad: (PTI) Over 1,500 delegates from nearly 50 countries will take part in a three-day technology and bio-business convention on Asia that will get underway here. The event, BioAsia 2017, is a technology and bio- business convention of Asian nations on life sciences, pharmaceuticals and hea…
GDP growth to be 7% plus in 2018-19, says Economic Affairs Secretary
New Delhi: The 2017-18 Union Budget charts a story that is consistent with the policies of Government in the last couple of years, is predictable in its approach and is shorn of unnecessary surprises for the industry and society, said Ashok Lavasa, Finance and Expenditure Secretary, Ministry of F…
MSMEs can boost India’s defence exports with policy support
India is one of the largest importers of conventional defence equipment and spends about 31.1% of its total defence budget on capital acquisitions and about 60% of its defence requirements being import dependent. Between 2006-10 and 2011-15 India’s defence imports increased by almost 90 per…
OmniBank provides training for SMEs
Some financial industry players have advised Small and Medium Scale Enterprises (SME’s) to take advantage of various government policies to improve their business operations. The new government has given its assurance to pursue a pro business agenda to help the private sector grow. The advice fol…
There was never a better time for small business to think big!
The 2017 Union Budget of India has laid a lot of emphasis on small business (Start-ups & SMEs) and announced a number of initiatives which will benefit them greatly. From lower tax rates to larger availability of credit. Announcement of large scale infrastructure development across farm and d…