With China and the US pumping in massive foreign capital into India’s digital economy, a top Indian investor and educationist has warned that the country could become a “digital colony” unless Indian businesses start investing in it. “India could become a digital colony,” warned Mohandas Pai, Cha…
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e-Commerce start-up IndiTatva promoting exclusive ‘Made in India’ handicrafts
IndiTatva, a new eCommerce startup venture by TriCycle Tribe in the handloom and handicrafts segment offers an exclusive and enormous range of curated products from different parts of India. IndiTatav brings the handcrafted and hand-woven treasures of artists across India into the lives of the ne…
Trade Unions want more jobs from Union Budget
The Union Budget for fiscal 2017-18 should create more jobs and employment opportunities, trade unions said in a representation to Union Finance Minister Arun Jaitley. “The budget should help in creating more jobs and employment opportunities. The minimum wages should be increased to Rs 18,000 pe…
Health care, biotech start-ups need support: Shibulal, Axilor Ventures
Former Infosys Chief Executive and Co-Founder of Bengaluru-based Axilor Ventures, S D Shibulal said start-ups in the health care and biotech sectors “do not have a proper platform or framework to do high-end testing and lack adequate avenues to collaborate with hospitals”. “In health care, the ri…
Altigreen promises 20% reduction in auto-emission, 26% fuel efficiency
Altigreen Propulsion Labs – a clean technology company that has developed a retrofit electric kit which, when connected to a four-wheeler, can reduce emission rates by 20% and improve fuel efficiency by a fourth – is testing its technology with the fleet at BigBasket and Carzonrent. Backed by Ju…
Intel Maker’s lab to stabilize hardware start-ups
Intel started its Maker Lab in 2015 to help small hardware firms stabilise by helping them with prototypes and device testing. Intel said it achieved higher success rates because of the method of choosing start-ups, which best suited their acceleration programme. For instance, Jayalaxmi Agrotech …
Currency Ban Impact | Thin crowd, empty stalls mark Trade Fair’s Day
Though the first public day of the ongoing India International Trade Fair (IITF) fell on a Saturday, exhibitors were disappointed with the low footfall caused by demonetisaiton. In the previous years, the entire area used to be crowded due to a huge number of visitors on weekends pushing the mana…
New windows for talent: Start-ups offer help to start up in entertainment industry
Hailing from Meerut, 24-year-old Abhishek Sharma struggled for an opportunity to break into Mumbai’s entertainment industry. It was only after a Facebook advertisement of recruitment startup Talentrack caught his eye that he landed his first assignment —a part in a Mercedes-Benz ad. “It was a smo…
How online start-ups are reshaping the informal jobs sector in India
For Bharathi, a Class X pass woman with two kids, life has been tough. The Bengaluru based cook would often start work at 7.30 am and not wrap up before 8 pm, with a two-hour afternoon break. Living near the factory of Bharat Earth Movers Ltd, she would work at seven houses in the neighbourhood, …
Currency Ban Impact | Unbanked villages, SMEs badly hit as currency crisis continues
The lopsided rural-urban spread of ATMs and bank branches has snuffed out economic activity in rural India, with micro, tiny and small enterprises finding it impossible to get cash in 100-rupee notes for their daily operations. Consider this statistic: every bank branch in a rural and semi-urban …