The retail and medium-sized enterprises sectors have been showing credit demand but the banking industry is worried that they could be the next bubble, said Axis Bank Manging Director & CEO Shikha Sharma while speaking at a event. Sharma also pointed out that credit growth to the corporate se…
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Make in India eyes bigger role for MSMEs, but the sector sounds alert
At a time when the government’s Make-in-India initiative envisages a bigger role for MSMEs, a caution has been sounded: Contribution of manufacturing MSMEs in the GDP and total manufacturing output has decreased steadily in the recent past from 7.7% to 7% and from 42.2% to 37.3%, respectively, du…
India will be home to 10,500 start-ups by 2020: Nasscom
India has emerged as the third largest start-up base and such ventures are poised to grow 2.2 times to reach 10,500 by 2020 despite a perception that the ecosystem in the country has slowed down in the last year, says a report. India is in the third position just behind US and UK, and nearly [&he…
Ease of doing biz: PM seeks reports on low ranking in a month
A day after India’s position was reported at 130 among 190 nations in the World Bank’s ease of doing business rankings, Prime Minister Narendra Modi on October 26 asked top bureaucrats to study the findings by the multi-lateral agencies and report within a month on the areas where there is scope …
Nitish Kumar may launch ‘Start-up Bihar’ after Chhath
Patna: The Bihar Entrepreneurs Association (BEA) has said that Chief Minister Nitish Kumar is likely to launch ‘Startup Bihar‘, an initiative of state industries department, after Chhath. The BEA is one of the partners of industries department for the initiative, which is being pursue…
Start-up investment down 18% this year
The funding spree in Indian start-ups has slowed this year, with less of big-size investments, says a Nasscom-Zinnov report for 2016 on the sector. Indian start-ups could attract $4 billion (Rs 26,700 crore) of investment this year, an 18 per cent decrease from last year’s $4.9 bn. “Funding in qu…
Gujarat to host Indian Textile Sourcing Exhibition
Gandhinagar, the capital of Gujarat, will host the Indian Textile Sourcing (ITS) exhibition. The three-day event will kick off from February 16, 2017. This display will be the largest textile sourcing event in South Asia. A premiere of the exhibition displaying various textile materials will be h…
Medikoe teams up with health & fitness app Growfit
Chennai: Medikoe, an online medical platform providing value-added offers on healthcare & wellness products and services, has tied up with health and fitness app Growfit. The Growfit app is a chat-based coaching app that connects users all over India to experts for seeking advice on topics re…
Investment firm Kinnevik raises Quikr valuation
Bengaluru: While several Indian startups in recent times have seen their valuations being marked down by mutual funds holding shares of those firms, online classifieds firm Quikr’s valuation has been raised to $1.47 billion by one of its investors, Kinnevik, in its latest quarterly report. …
How physical stores are fighting the e-Commerce army
Mumbai: Shoppers are in a frenzied state during festive season, all thanks to the volley of discounts e-comm sites keep hurling their way. The same tactics with minor variations that off line retailers have been trying since the time all retail was off line. However some of them are getting a lot…