If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
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Demonetisation Effect | Jan Dhan push for tea workers
Kolkata: The Narendra Modi government’s demonetisation move is changing the century-old practice of fortnightly cash payment of daily wage or talab in tea gardens. Late on December 1st, the Tea Board of India has issued a circular to all tea producers’ bodies to open new bank accounts…
SMEs, start-ups have to digitise businesses, says Tata Teleservices VP (SME Operations)
Over time, SMEs have gradually learnt to embrace technology as they have realized the value of becoming tech-savvy. The newer generation of SME owners are now adopting methods that help in reducing costs and streamline operations. Tata Teleservices has been on the forefront in the enterprise spac…
DIPP to meet top executives from Chinese cos
New Delhi: The Department of Industrial Policy and Promotion (DIPP) is organising an informal roundtable meeting on December 2nd with top executives of Chinese companies that are operating in India with an aim to understand and address their concerns related to ease of doing business in the count…
TeamIndus inks pact with ISRO; aims to raise $45 mn by October’17
TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires …
Silicon Valley seeks to benefit from India’s start-up growth
With India witnessing immense startup growth, the Silicon Valley has invited a group of top 30 Indian startups providing Software as a Service (SaaS) products at a global scale to establish links with Fortune 500 companies in the US. The event, Startup Bridge India, aims to raise awareness among …
Currency demonetisation a near term snag for textile cos: ICRA Report
Demand for apparels is expected to slowdown in near term following the government’s decision to demonetise high value notes, and and winter-wear segment would be the worst affected, rating agency ICRA said in a report here. The adverse impact of the demonetisation on disposable incomes and …
Online ethnic store Craftsvilla partners Co-optex to promote TN handloom
Through this association Craftsvilla will host authentic handloom products on their website thereby supporting the highly talented handloom weavers of Tamil Nadu. Customers will now be able to choose from a wide range of Co-optex products such as silk, cotton, organic sarees and home furnishings.…
Ericsson keen to mentor start-ups in India
Global ICT firm Ericsson said it is willing to extend helping hand to mentor start-ups in India. “The start-up economy in India is booming. In the next couple of years, it will be huge,” Ericsson India Global Services Managing Director Amitabh Ray told PTI on the sidelines of Infocom …
Demonetisation took a toll on manufacturing sector growth in Nov: PMI
Manufacturing sector growth in India got hampered in November as rupee demonetisation weighed on new work flows, buying activity and production, while subdued inflationary pressure may prompt Reserve Bank of India (RBI) to reduce key policy rate, a monthly survey said on December 1st. The Nikkei …