In the latest World Bank report on ‘ease of doing business’, India has limped to 130th rank from previous ranking of 131. This report as expected, drew sharp reaction from government on inability of World Bank to factor in plethora of reforms initiated by it. To be in all fairness, whatever the p…
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Start-ups need constant reinvention: Manish Choudhary, Pitney Bowes India
New Delhi: This has been a tough year for start-ups—grappling with multiple challenges from funding squeeze to valuations downgrade. In an e-mail interaction, Manish Choudhary, senior vice president, global innovation & Managing Director, India, Pitney Bowes discusses the start-up ecosystem i…
This start-up brings light & money to people in hinterland
Vishnu Raghunathan and S Deepak Kumar were working together for the government of Bihar on a World Bank Project from the year 2013 to 2015 at Purnea, in north-eastern Bihar. They were rolling out off-the-grid solar power to the surrounding energy-deprived areas for basic services such as lighting…
Incubate Fund places first bet on ShopKirana
In its first investment in India, Japanese seed-stage investors Incubate Fund has led a bridge round in business-to-business FMCG platform, ShopKirana. The amount of investment is estimated to be between Rs 2 crore and Rs 3 crore, according to people aware of the deal. The Indore based startup he…
Digital India: Cabinet okays ordinance to modify the way workers are paid
In a move to promote cashless transaction, the Narendra Modi government decided to bring in an ordinance to amend the Payment of Wages Act for allowing business and industrial establishments to pay salaries through cheques or electronically. According to a report, employers will also have the opt…
Gujarat gets ready to be defence hub, to provide cash subsidy to MSMEs
Aiming to encourage development of aerospace and defence industry in the state, Gujarat government on December 21 announced an investor-friendly Aerospace and Defence Policy 2016. The new policy offers incentives and tax sops with regard to land allotment, stamp duty, registration charges and ele…
Bharti AXA planning to launch products focussed on women in SMEs
Private sector general insurer, Bharti AXA General Insurance (BAGI) is planning to launch products focussed on women in Small and Medium Enterprises (SMEs), a top company official said. “At Bharti AXA General Insurance, we are planning to launch products which will be focussed on women in S…
Govt revises guidelines of International Cooperation Scheme
Government has further revised guidelines of the International Cooperation Scheme, which were last modified in June, and permitted Ministry of MSME or organisations under it to seek financial assistance to hold global exhibitions, seminars and workshops in India. For international conferences or …
Food processing sector gets 5.5k new entrepreneurs across 23 states
Entrepreneurship Development Institute of India (EDII), an acknowledged national resource Institute for Entrepreneurship Education, Research, Training and Institution Building, has created 5,500 entrepreneurs in the food processing sector across 23 states. Through its Entrepreneurship Development…
Start-up TeamIndus, Japan’s Hakuto combine for Moon mission
TeamIndus is happy to announce a commercial agreement to carry a robotic rover developed by HAKUTO, the Japanese team in the Google Lunar XPRIZE, to the Moon aboard TeamIndus’ spacecraft in late 2017. This is a first of kind collaboration of two private space enterprises competing in the Google L…