Mumbai: As small finance banks gear up to start operations over the next few months, they are eyeing Priority Sector Lending Certificates (PSLC) as a key business opportunity to boost their fee income. PSLC is a short-term accounting instrument used by banks to cover shortfalls in meeting priorit…
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Craft cluster to help coir artisans market products
Cuttack: A craft cluster is set to come up in Kendrapara district to help coir artisans produce and market their products. Being built as part of the Centre’s Scheme of Fund for Regeneration of Traditional Industries (SFURTI) and in collaboration with the District Industry Centre, the clust…
Indian social classified start-ups welcome FB’s marketplace launch
Ahmedabad: Indian social classified startups like Fxchng.com, Listup and Yappily are hopeful that with Facebook launching its Marketplace, a hyper-local & community-driven online shopping that matches local buyers and sellers, will validate the concept, there would be an increase in acceptanc…
Moonshot Accelerator aims taking Indian start-ups global
Moonshot Accelerator, which assists entrepreneurs to gain access to mentors and capital to build companies, is building its mentorship network. Founded in May this year, as many as 10 startups and 25-odd mentors have signed up with the startup so far. “There are no India-specific accelerators tha…
Odisha to sign pact with NIMSME
Odisha government will sign a pact with the premier institute National Institute of Micro , Small and Medium Enterprises , Hyderabad for undertaking research on issues relating to MSMEs. NIMSME is a national level institute under the Ministry of MSME that works on various issues relating to MSME …
SME MaXX empowers Indian SMEs to WinOnline
SME MaXX, India’s leading SME services and e-commerce company has commenced professional online reputation management and business enhancement services for Small and Medium sized Businesses with the launch of WinOnline. The WinOnline program uses more than twenty advanced technologies sourc…
Google’s Rajan Anandan invests in women health tracker start-up
Bengaluru-based women’s health tracker startup Maya has raised an undisclosed amount in funding from Rajan Anandan, Google Vice-President Southeast Asia and India. Previously called LoveCycles, Maya had raised seed funding of Rs 5 crore from Prime Venture Partners earlier this year. The com…
KVIC stitches a new future for Khadi; JV with Raymond, Arvind & Madura
In a first, khadi is set to take the franchisee route besides entering into at least three marketing arrangements with garment manufacturers as it looks to expand its footprint and meet the growing demand for the traditional hand-spun and hand-woven product. Sources told that Khadi & Village …
Schneider to open training centres in 500 districts in India
French company Schneider Electric will open training centres in 500 districts across the country and help set up a Centre of Excellence focused on power, solar and automation sectors. The alliance between Ministry of Skill Development & Entrepreneurship and Ministry of Education, France, to i…
China should give India greater market access to improve trade ties: Sitharaman
Raising concerns about its gaping trade deficit with China, India has asked the country for fast clearance of its rice and pharmaceutical exports and grant of IT projects to Indian companies in addition to greater market access for items such as oilseeds and tobacco. Commerce & Industry Minis…