Chennai: Some of the finest khadi weaving communities of the country have set up shop in the city in an effort to bring attention to the dying handloom industry. On January 6, national award winning Director Vetrimaran and actors Rohini and Revathi inaugurated at Hotel Savera a three-day exhibiti…
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Construction of MSME tech centre yet to take off in Visakhapatnam
Visakhapatnam: Even though the foundation stone for an MSME (micro, small and medium enterprises) technology centre at Pudi village near Atchuthapuram mandal in the district was laid nearly six months ago in the third week of July, construction work on the centre is yet to take off on the ground.…
Helpdesk to aid bizmen get Udyog Aadhaar Memorandum in Mysore
Mysuru: Mysore Industries Association has established MSME helpdesk to facilitate entrepreneurs to obtain Udyog Aadhaar Memorandum (UAM) and upload information to MSME databank with nominal service charges. Association Secretary Suresh Kumar Jain said, “To ease business for MSMEs, the Minis…
FICCI to launch India Travel start-up launchpad
As part of its mandate to further enhance India’s digital drive in the travel and tourism industry the Federation of Indian Chambers of Commerce and Industry (FICCI) will launch its maiden initiative aimed at travel start-ups. “Travel Tech Launchpad” – will be a platform that encourages innovatio…
SIDBI inks pact with LIC to boost venture capital ecosystem
Small Industries Development Bank of India (SIDBI) said it has tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. The idea behind tying up with the state-run insurance behemoth is to give a boost to the venture capital ecosystem fo…
MSMEs to sign 16k MoUs at Vibrant Gujarat Global Summit 2017
Gandhinagar: Notwithstanding the adverse impact of demonetisation on their businesses, Micro, Small and Medium Enterprises (MSMEs) have come up with highest number of investment proposals to be signed at the Vibrant Gujarat Global Summit-2017, next week. According to sources, MSMEs have lined up …
Sebi relaxes rules for angel funds to boost start-up funding
To give a fillip to start-up funding, the Securities and Exchange Board of India (Sebi) has relaxed its rules for investment by angel funds, including allowing them to invest in up to five-year old entities. Besides, the lock-in requirement has been reduced from three years to one year for angel …
GST: Relief for exporters, Govt says refunds to be given within 7 days
In a major relief to exporters, the government has agreed to refund as much as 90% of their duty claims just within a week under the new goods and services tax (GST) regime, Commerce and Industry Minister Nirmala Sitharaman said on January 5. The revenue department of the finance ministry has agr…
MSMEs see surge in cheque & e-payments: CRISIL
Micro, Small and Medium Enterprises (MSMEs) are moving towards cheque and e-payments in a big way following the government’s move to demonetise high currency notes. As many as 41% of MSMEs said their clients have shifted to cheque or electronic payment since demonetisation, according to a n…
SoftBank’s $100bn fund to invest in Indian public mkts
Japanese internet and telecom giant SoftBank’s $100-billion Vision Fund will make public market investments in India, a first for the deep-pocketed group, which drove up the euphoria around the local consumer internet ecosystem, people familiar with the matter told. SoftBank’s Vision …