The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
News
Cotton consumption to touch 313 lakh bales in 2017: CCI
Total cotton consumption in India is likely to increase to 313 lakh bales in the current crop season as compared to 312 lakh bales during the previous year, according to the Cotton Corporation of India (CCI). The acreage under cultivation could decrease by 12 per cent to 105 lakh hectares but pro…
Small sellers get new tools at Amazon
Bengaluru: Online marketplace Amazon India has expanded the scope of Amazon Service Providers Network (ASPN) by increasing the number of services to 10 from three to woo small sellers to boost their sales on the platform. The services, which include imaging, advertising and logistics, has seen 45…
Govt in talks with start-ups to push contactless payment
The government is in talks with technology providers to encourage the adoption of new cashless technologies such as contactless payments that use sound waves and near-field communication. “We are looking at a lot of new technologies that enable cashless transactions with less investment on infras…
Budget2017: A wishlist from India’s start-up entrepreneurs
This year’s Budget to be announced next month is expected to be a big one for startups which are reeling under the impact of demonetisation. The government may announce a string of initiatives to support them, including widening of the tax-free regime to five years from three years and faster pro…
Arun Jaitley looks to break deadlock at GST meeting on 16 January
Finance Minister Arun Jaitley will on 16 January look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April. The all-powerful GST Council, headed by Jaitley, will meet for the nint…
How start-ups using tech to simplify equity investing for newbies
BENGALURU: Anugrah Shrivastava used to be a research executive at Japanese investment bank Nomura. During his three year stint at the firm, he realised that a lot of stocks move in the same direction based on a theme, event, or development. What if one could build a technology product that would …
Tech Mahindra launches incubator for start-ups in Milton Keynes
IT firm Tech Mahindra has launched InnovateMK, an incubator that will work with technology startups in Milton Keynes in the UK. Over the next two years, InnovateMK aims to support more than 50 entrepreneurial ventures in the region, Tech Mahindra said in a statement. InnovateMK is also supported …
Vibrant Gujarat: NSE nudges SMEs to go in for listing
Encouraging Small and Medium Enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility. “Listing on an exchange platform will help SMEs raise capital for their growth and provide several benefits like visi…
Hyderabad model for Odisha start-up hub likely
BHUBANESWAR: The Odisha government is planning to set up a start-up hub, a one-stop destination to facilitate young entrepreneurs in the state. The proposed centre will be in line with T-Hub (one of the country’s largest incubator for start-ups), in Hyderabad. “It will not only provid…