Diversification of business model — by geographical reach, product range, and customer base — carries a lot of weight in credit risk assessments. So a well-diversified MSME will have a credit-quality edge over peers with concentrated businesses. CRISIL’s analysis of the financials of over 1,000 M…
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Majestic Research, first SME to go for follow on public offer, issue oversubscribed
Mumbai: Majestic Research Services and Solutions Ltd’s follow-on public offer (FPO) to raise up to Rs 10 crore was oversubscribed on Monday afternoon, the last day of the offer. The issue, which had opened on 28 November, was subscribed 1.16 times by 2:45pm, data from BSE showed. Majestic Researc…
Edutech firms to offer more personalised services
The education tech sector hopes to offer more personalised services with companies and startups, which dream to create anything from ‘digital learning assistants’ to augmented reality products, creating teams to explore the next big thing in education. These teams are not bound by any quarterly g…
Demonetisation Effect | Services sector hit, logs biggest 1-mth fall since Lehman
Hit hard by demonetisation, the services sector slipped into contraction in November — the worst slump in nearly three years — as new orders dried up and customers cut spending due to cash shortages, putting pressure on the Reserve Bank of India to keep rates low, a monthly survey showed. The Nik…
From e-Commerce to fintech & data analytics, Indian start-ups are changing: Indian Angel Network Co-Founder
With the likes of Uber, Co-founder Travis Kalanick, Kotak Mahindra, Managing Director, Uday Kotak, SEBI, Chairman, UK Sinha and Niti Aayog, CEO, Amitabh Kant among others, the TiE Global Summit scheduled to be held on December 16-17 at New Delhi, promises to be the biggest startup event in the co…
Cloud-based software maker Zoho bets on India’s SaaS moment
Cloud-based software maker Zoho is eyeing India as the next big opportunity, as the software-as-a-service (SaaS) segment in the West has saturated with too many players overcrowding the largest market. With an annual investment of more than Rs 10 crore allocated for marketing in India, the compan…
Start-up ecosystem set for growth post SEBI norm change
Kochi: India needs ‘Angels’ with deep pockets to nurture startups, especially when India hopes to host over 10,500 startups by 2020 employing over 2.1 lakh people. And the Securities and Exchange Board of India’s (SEBI) move to broaden the base of initial angel investors by lowering the entry th…
Amazon rolls out Launchpad for start-ups in India
New Delhi: Amazon Inc. on December 5th announced the launch of its global programme for start-up products, Launchpad, in India. “Launchpad is a destination for start-ups to showcase unique products to millions of consumers world over,” Jason Feldman, Director of global innovations, Amazon, said a…
Uber creates AI lab, buying start-up Geometric Intelligence
Uber Technologies Inc. agreed to buy start-up Geometric Intelligence Inc. to help the ride-hailing company create a new artificial-intelligence research lab. The start-up had 15 employees and was developing new machine-learning techniques inspired by cognitive science that rely on less data. Chie…
Demonetisation Effect |Niti Aayog doles out incentives to push cashless payments
Niti Aayog is providing financial support to incentivise the district administration to reach out to the general public and small traders in villages and talukas, and encourage them to shift to cashless payments. It has also asked district magistrates to ensure that financial transactions in the …