Practo is a fast growing Indian start-up in the healthcare space that connects more than 60 million users with 200,000 doctors and 10,000 hospitals. Thanks to Amazon cloud, it has scaled by a factor of 60x and reduced new product deployment time from many months to a few weeks. More than 40 milli…
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Indian textile hubs adopt cashless payment modes
The textile Ministry is promoting cashless payment within the industry by encouraging textile workers, artisans and weavers to open bank accounts following the demonetisation of high currency notes. More than 5 lakh workers have opened their accounts in the last 10 days, and a large number of the…
GST rollout looks unlikely by April 1, 2017
New Delhi: The Centre and states failed to approve the GST laws on December and agreed to meet on December 22 and 23 to hammer out a consensus, dashing hopes that the crucial bills would be introduced in the ongoing winter session of Parliament and making it tough to meet the April 1rollout date …
KVIC to tap e-Commerce to reach Rs 5k cr sales by 2018
Mumbai: Khadi and Village Industries Commission plans to adopt e-commerce in a “big way” to reach its sales target of Rs 5,000 crore by 2018, a top official said. “We are in talks with e-commerce players and are targetting online sales in a big way to reach our sales target of R…
Govt may impose ‘dumping duty’ on cloth from China: Smriti Irani
The Union government is considering imposing a “dumping duty” on cloth imported from China, Union Textiles Minister Smriti Irani said on December 10. Irani visited several powerlooms in Bhiwandi in Maharashtra and spoke to workers on December 10 afternoon, promising to revive the once booming ind…
All you wanted to know about angel funds
The recent rule relaxation for Angel Funds has seen regulator SEBI turning a guardian angel to the nascent startup eco-system in India. SEBI recently amended its Alternative Investment Fund (AIF) regulations to give angel investors an easier passage. Q: What is it? A: Angel investors are a class…
These 5 global giants want Indian SMEs to become bigger
Since decades Small and Medium Enterprises (SMEs) have been backed by governments across the world. Seldom do we see brands or industry stalwarts interested in this segment of business owners. However, an optimistic change has been observed in the last five years with giants like Google and Faceb…
Six Indian fintech start-ups to help you get started with investing online
Everyone who earns wants to save money. There are various ways to do this but parking funds in a savings account is not the best idea. This is because you get low interest rates and don’t save taxes either. There are several ways to invest money in such a way that you earn higher returns, […
Tough time for Indian start-ups
As 2016 draws to a close, Flipkart, the country’s most valuable internet start-up, is courting the dividing line between success and failure. It once commanded an eye-popping $15 billion valuation, but repeated markdowns threaten to push it down. Marquee investors like Morgan Stanley and Vanguard…
The 5 commandments of cyber security for start-ups
Cyber Security bounced to the top ten issues in 2016. All large enterprises are currently drastically expanding their investments in cyber security because of the prominent attacks this previous year. The hackers know this and are now adding small and midsize businesses (SMBs) to their attacks as…