Winter is here but the freeze in funding could be easing for start-ups. “Deal activity has picked up in the past few months. We are seeing consolidation in many sectors. The crunch has eased a bit,” says Anand Lunia, Founding Partner at venture capital firm India Quotient. In the past few months,…
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Venture capital shift from growth to early-stage funding
There are early signs of an uptick in start-up funding but at the same time, venture capital (VC) funding is changing. It is moving from growth stage to early-stage; from consumer to enterprise (b2b), to those offering SAAS (software as a service) or artificial intelligence (AI). Several start-up…
Govt mulls hiking withdrawal limit for MSMEs
The Micro, Small and Medium Enterprises (MSME) Ministry will seek from the Finance Ministry higher withdrawal limit of Rs2 lakh per week for small and medium enterprises to ease their cash crunch that has followed the government’s demonetisation of high value currency notes. “We are having a disc…
Monetary Policy: RBI keeps repo rate unchanged at 6.25%
The Reserve Bank of India (RBI) on December 7 kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetisation-induced slide in spending and investment. The six-member monetary policy committee (MPC) headed by RBI Governor Urji…
Fin Min set to boost start-up operations in India
The Make-in-India initiative was launched to encourage national as well as multinational companies to manufacture in India. It was not only expected to create job opportunities and develop entrepreneur skills, but also entice capital and technology to the country. However, to make the project suc…
Demonetisation Effect | Canara Bank sees better recovery of MSME loans
Bengaluru: Canara Bank expects a windfall in MSME (micro, small and medium enterprises) and SME (small and medium enterprises) recoveries post demonetisation. “There is a good chance of recoveries during this period in Non-Performing Assets (NPAs) and we are coming out with various one-time settl…
Corporation Bank bags Best MSME Bank Award
The Corporation Bank has bagged the Best MSME Bank Award 2016 instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The bank’s Managing Director and CEO Jai Kumar Garg received the award from Union Minister of State for MSME Haribhai Parthibhai Chaudhary at the 4th S…
Raymond partners KVIC to launch new clothing line
Fabric and apparel major Raymond has partnered Khadi and Village Industries Commission (KVIC) to introduce a new line of clothing under the brand Khadi by Raymond, which will directly compete with Fabindia. KVIC will certify Raymond to use Khadi mark to sell ready-made garments and fabric which w…
Microsoft comes up with SMB solutions in Bengaluru
Software giant Microsoft has come up with business solutions for Small and Medium Businesses (SMBs) in Bengaluru. Built by Microsoft’s independent software vender partners Smarter Biz and IDOS, the business solutions are to address key areas like customer relationship management (CRM), fina…
ShopClues launches tools to digitise offline merchants
In order to help offline merchants opt for cashless transactions and bolster their overall growth, e-commerce major ShopClues has launched a bouquet of services under its Business Edge initiative. Of many services, one such initiative that will allow brick-and-mortar retailers and consumers a has…