Launching the first ever heart insurance for couples in India, covering 19 kinds of heart ailments such as coronary artery bypass and angioplasty, Aviva India CEO and MD Trevor Bull tells that health will be one of their focus areas in the Indian market. He also adds that demonetisation will help…
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Idea-stage funds coming soon: TiE Angels Mumbai to facilitate start-ups in dawn of business ideas
Mumbai: From mentors to investors, the Mumbai Chapter of TiE (The Indus Entrepreneurs) is looking to cover the whole gamut as it announces ‘TiE Angels Mumbai’, an idea-stage funding initiative. TiE Angels Mumbai will facilitate idea-stage funding for startups through TiE Mumbai’…
Security double-checked: Paytm to integrate with IndiaStack for UPI
Bengaluru: Paytm will integrate its digital payments services with IndiaStack, an open-stack platform that offers technology infrastructure for the unified payment interface (UPI), esign, digital lockers and electronic customer verification. The Paytm app on December 8 added a new security layer …
Ease compliance burden for start-ups, MSMEs: Parliamentary Panel
New Delhi: To ease the compliance burden for small companies including start-ups and MSMEs, a Parliamentary panel has suggested compliance threshold in Companies Act should be based on business volume or turnover rather than form of the company. Rules framed under the Companies Act should be modi…
Textile industry hails package for made-ups, hopes to boost exports
Textile industry associations have hailed the Centre’s announcement of a special package for the made-ups sector. The package includes 10 per cent enhanced subsidy under Technology Upgradation Fund Scheme, extension of Pradhan Mantri Paridhan Rozgar Protsahan Yojana Scheme for providing additiona…
Pakistan lifts ‘undeclared’ ban on Indian cotton imports
Pakistan has lifted an “undeclared” ban on imports of ginned cotton from India, pledging to strictly implement all phytosanitary and other conditions governing the fibre’s imports on future shipments coming in via surface or sea. Earlier, the Department of Plant Protection (DPP)…
MSME expo in Coimbatore from Dec 14-16
The Coimbatore branch of MSME Development Institute in association with Coimbatore SIDCO Industrial Estate Manufacturers’ Welfare Association (COSIEMA) is organising a three-day MSME Expo 2016-cum-National Vendor Development Programme between December 14 and 16. The event is to be held at S…
Cabinet clears easier labour laws, tech upgradation for textiles sector
New Delhi: The Union Cabinet on December 7th approved a set of reforms, including simplified labour laws and technology upgradation for the made-ups sector. “The interventions are expected to boost employment in the textiles sector and create jobs for up to 11 lakh persons, lead to increase in ex…
Govt notifies ZED certification scheme, to help unregulated MSME sector
New Delhi: Government today notified the Zero Effect Zero Defect (ZED) certification scheme, which will hand-hold MSMEs across the country in Make in India sectors through quality control cells constituted by the government, and rate them after carrying out assessment of their products. The ZED c…
Bank NPAs rise, loans slow down in Sept quarter: RBI
While the share of non-performing assets (NPAs) in the banking system has risen in the September quarter, the formation of fresh bad loans has slowed down, Reserve Bank of India (RBI) Deputy Governor SS Mundra said on December 7th. “While there has been an incremental percentage of gross NPAs and…