Indian start-ups might look at raising funds through the more liberalised external commercial borrowing (ECB) route to spend on marketing, setting up offices in the US and Europe, and expanding their business. This would also give them access to debt money, a crucial factor at a time when they’re…
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Currency Switch Impact | Paytm launches app-based POS; to accept all debit, credit cards
Merchants registered with e-wallet Paytm will now be able to accept all major debit and credit cards as the company launched point of sale solutions (POS) facility on its app today. This will allow the merchants accept all card payments including Rupay, Visa, MasterCard and Maestro through their …
Currency Switch Impact | Start-ups see decline in business after demonetisation: Survey
Non-banking financial companies (NBFCs) will raise their share of overall loans by 300 basis points (bps) to 17.6% in the next three fiscals, ratings agency Crisil said in a statement on November 23. This will be equivalent to the growth that the companies have seen in the last five years, largel…
Currency Switch Impact | SIMA suggests measures to overcome demonetisation impact
The Southern India Mills’ Association (SIMA) has sought certain remedial measures to enable the industry to mitigate the challenges posed by the cash crunch created by demonetisation. SIMA has suggested enhancing the working capital limit by 50 per cent and increasing the existing NPAs peri…
Rajasthan organises Heritage Week to showcase Khadi
Celebrating the ‘Handmade in Rajasthan’, the second edition of Rajasthan Heritage Week jointly organised by Khadi Board, government of Rajasthan and Prasad Bidapa Associates will begin on November 30 at Hotel Diggi Palace. The five-day fashion extravaganza is a unique endeavor to revi…
Start-ups help HIV patients access affordable healthcare
For 32-year-old Anand Natrajan* the biggest shocker of his life came when he realised he had tested positive for HIV. Since he lived in a village, 32 km from Krishnagiri, every visit to the private hospital was agony. Detection, followed by shame and ostracization was what he feared. Plagued by m…
Start-ups see decline in business after demonetisation: Survey
A high percentage of start-ups are experiencing a slow down in receivables and transaction flow as a result of demonetisation of high-value currency notes, a survey has revealed. “A higher percent of start-ups and small and medium-sized enterprises (SMEs) experienced a slowdown in funding and exp…
7 Indian start-ups to join Google Launchpad Accelerator prog
Tech giant Google said it has selected seven startups from India that will join the third class of its Launchpad Accelerator programme. The shortlisted startups from India include an on-demand wardrobe rentals service (Flyrobe), furniture and appliances rental service (RentoMojo) and tutor help …
Currency Switch Impact | RBI doubles balance limit for digital wallets to Rs 20k, relief for small merchants
With the public facing cash crunch, RBI on November 22 introduced special dispensation for small merchants and doubled the limit of semi-closed Prepaid Payment Instruments (PPIs) to Rs 20,000 to facilitate digital transactions. To meet the transactional needs of the public through digital means, …
VC-backed deals in fintech space decline to five-quarter low: Report
Despite the buzz around start-ups working on financial technologies (fintech), investors globally and in India are approaching the sector with caution, a report said. According to ‘Pulse of Fintech’, a report from CB Insights and KPMG, venture capital (VC)-backed fintech funding fell 17% worldwid…