The 5th edition of India International Silk Fair is expected to generate a business of over $50 million for SMEs engaged in producing silk and silk blended garments, fabrics and floor coverings. The flagship product-specific exhibition, organised by the Indian Silk Export Promotion Council (ISEPC…
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Postman raises $7 mn in funding from Nexus Venture Partners
Postman, a start-up that provides developers with a toolkit to build apps faster, has raised $7 million in fresh funding from Nexus Venture Partners. Focusing on helping developers build, run, test and share APIs (Application Programming Interface), Postman claims its toolkit is used by over thre…
GST Network to launch registration portal
Goods and Services Tax Network (GSTN), the company tasked with setting up the information technology backbone for the ambitious indirect tax reform, will open a website for the registration of taxpayers such as traders, manufactures and service providers in November. Taxpayers will be able to acc…
NSIC pays record dividend for 2015-16
Kalraj Mishra, Minister of Micro Small and Medium Enterprises was given a dividend cheque of Rs.29.05 crore for the year 2015-16 by Ravindra Nath, CMD-NSIC, in the presence of Giriraj Singh and Haribhai Parthibhai Chaudhary, Ministers of State, Ministry of MSME and KK Jalan, Secretary, Ministry o…
PM Narendra Modi to launch National SC/ST Hub on Oct 18
Prime Minister Narendra Modi will unveil key initiatives and a hub to provide support to entrepreneurs from the SC/ST community in Ludhiana on October 18. The Prime Minister will also launch zero defect, zero effect (on environment) (ZED) scheme, distribute charkhas to women and present national …
India Handicrafts & Gifts Fair opens; over 5,000 buyers from 110 countries to participate
The India Handicrafts and Gifts Fair (IHGF) Delhi Fair Autumn 2016 will commence at India Expo Centre Region (NCR) from October 14-18. Export Promotion Council for Handicrafts (EPCH) Executive Diretor Rakesh Kumar said “the 42nd edition of IHGF will have more than 2,950 exhibitors from all over t…
Kalraj discusses access to finance for MSMEs with South Africa
Union MSME Minister Kalraj Mishra discussed issues regarding access to finance and other support mechanisms for Micro, Small and Medium Enterprises with South Africa’s Minister for Small Business Development Lindiwe Zulu here. The Minister also highlighted government’s initiatives lik…
Abraham & Thakore add glamour to hand-spun Khadi
It was all about Khadi beautifully infused with glamour and bright hues in ace designer duo David Abraham & Rakesh Thakore’s show held at the 28th edition of the Amazon India Fashion Week (AIFW) Spring-Summer 2017 on October 13. The duo showcased over 35 ensembles at the ongoing five-da…
Why Mark Zuckerberg thinks an Indian EdTech start-up is worth millions
India is currently the fastest growing major economy in the world, and that’s a title that doesn’t come without its own set of challenges. Depending on who you ask, it’s often argued that India’s number one challenge moving forward is the need to transform its current one-size-fits-all approach t…
Investment in VC-backed cos drops to $1.05 bn in Sept qtr
Investments into venture capital backed companies in India plunged to USD 1.05 billion in the September quarter – down 69 percent from the year-ago period, a report said. In the July-September quarter last year, the investments stood at USD 3.41 billion spread across 156 deals. The investme…