2016 turned out to be a mixed bag for textiles, as the government unveiled reforms to impart a thrust to the sector, rolled out innovative campaigns like ‘I Wear Handloom’, a new Minister at the helm, and a controversy over the appointment of former cricketer Chetan Chauhan as the NIF…
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Funds no constraint for textile schemes: Additional Secy, Textiles
The schemes implemented by the Central government must be utilised for the development of Textile and Jute industry in the district, suggested Additional Secretary Textiles Pushpa Subrahmanyam here on December 27. Later she interacted with representatives of the managements of the textile and han…
Unorganised sector to be worst-hit by demonetisation: Report
The unorganised sector in India will be the worst hit by the November demonetisation of high value currency, while lots of industries in the organised sector would be impacted by the shortage of cash required to run business, a market analyst said. “The unorganised sector is expected to bea…
Housing.com partners Tata Housing to develop digital platform
Realty portal Housing.com has tied up with real estate major Tata Housing to create an exclusive digital marketing platform for the sale of existing inventories and launch of new projects. Housing.com and Tata Housing have formed a partnership as part of which the realty portal would “offer…
Technology start-up eRaksha to monitor child development
From real time alerts about the status of their children to receiving updates from teachers at school, Mumbai-based technology startup eRaksha acts as a bridge between teacher and parents to monitor the overall development of children. The startup which is run by Cartel Solution is a business to …
Former Zomato VP develops tech discovery platform for SMEs
A recent study by management consulting firm Zinnov says that digital enablement is going to present a $25.8 billion opportunity for tech vendors by 2020. India is home to over 51 million small and medium enterprises (SMEs). While only 40% are influenced by technology today, that figure is expect…
Demonetisation: Liquidity problem may worsen bank NPAs as SMEs face crisis of repayment
The surprise demonetisation resulted in an extraordinary amount of funds available to banks, albeit for a short period. However, demonetisation will affect the banking sector in terms of non-performing assets (NPA), particularly in the context of last week’s bimonthly Monetary Policy Statement. L…
Year in Review: 8 moments in 2016 that changed India’s start-up ecosystem
As we stand at the cusp of 2017, it’s time to gather one’s thoughts regarding the year that passed us by. For startups in India, 2016 proved to be the year for consolidation and transition, where entrepreneurial mindset metamorphosed from a gold rush-like mentality into an ecosystem where p…
83 IPOs hit Indian market, raised $3.8 bn in 2016: Report
India’s IPO market recorded strong performance in 2016 with 83 IPOs raising $3.8 billion this year, and the activity looks set to remain strong driven by a combination of high investor confidence and regulatory reforms, says an EY report. According to the quarterly EY Global IPO Trends: 2016 (Q4)…
Fintech co Rubique processes loans worth Rs 975 cr
Mumbai, December 28, 2016: Rounding up the year in style, Rubique, the one-stop online marketplace providing technology enabled end-to-end solutions to financing needs of individuals & SMEs has announced that it has processed more than Rs 975 crore worth of loans since its inception in Octobe…