Bengaluru: Brimming software talent, globally viable products and lower production costs are increasingly attracting global investors to help Indian software-as-a-service (SaaS) startups in the hope of discovering a new generation Infosys or Wipro. Of the 82 Indian SaaS companies that received in…
News
Brazil embraces ‘Make in India’: Perto/Digicon opens its first ATM machine plant in India
Just as the the VIII BRICS Summit came to a closure, Brazil inaugurated its first “Make in India” initiative. The Brazilian Perto S. A., a Digicon Group company, a high technology and IT company and the world’s leading manufacturer of Automatic Teller Machines (ATMs) and Cash Dispense…
MP plans crystal IT park-II for start-ups
Bhopal: With a view to attracting more IT companies in the state and provide space for offices and other purpose, state will soon expand its existing ‘Crystal IT park’ in Indore. “It would be a new IT park where we will offer more space to the existing and potential investors,&#…
RailYatri.in raises funds from Nilekani & others
RailYatri.in, the train traveling consumer app start-up, has raised fresh funding with participation from all its existing investors – Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. This round comes on the back of the round which the company had raised in March, this…
IAN, IBM partners to bolster start-up ecosystem
Tech giant IBM and Indian Angel Network (IAN) have partnered for technology innovations in startups where IAN portfolio companies and members will work with IBM to build thought leadership by leveraging design thinking workshops and IBM IX Studios programme. They will also gain a chance to explor…
IIM Calcutta plans to incubate 100 start-ups by 2020
IIM Calcutta Innovation Park has chalked out plans to incubate 100 start-ups by 2020, of which 40 would be funded by the Department of Science and Technology (DST) and DFID. IIM-C Director Saibal Chatterjee said that the Innovation Park, which started two years ago, has provided seed capital to s…
Intel India hosts ‘Maker Lab Start-up Conclave’
Bengaluru: Intel India hosted its first Maker Lab Startup Conclave and Demo Showcase at its Bengaluru campus. The ‘Intel India Maker Lab’ was set up about a year ago to help start-ups accelerate their hardware and systems innovation towards creation of new products and solutions by offering infra…
Online furniture rental start-up Furlenco raises $30 mn from LightBox Ventures
Bengaluru: Online furniture rental start-up Furlenco (Kieraya Furnishing Solutions Pvt. Ltd) has raised $30 million in a Series B funding round led by existing investor LightBox Ventures, said a senior company executive. The fresh round comprises a mix of equity and debt funding. Furlenco raised …
Govt tries to assuage MSMEs fear on GST
With one nation one tax jibe, government is keen to implement the Goods and Services Taxes (GST) from next financial year but to make it acceptable for every sector is the most difficult challenge. GST Council meet, which is being held from October 18-20 to discuss tax rate, has also proposed a …
Banks will have to understand how to fund SMEs in a sustained manner | Nirmala Sitharaman
In Conversation with Arun Tiwari, CMD, Union Bank of India, Nirmala Sitharaman, Commerce & Industry Minister and RC Bhargava, Chairman, Maruti Suzuki on NPAs, MSME sector and need for standardisation if India is to emerge as a global manufacturing hub. Edited excerpts: Q: NPAs and capital req…