Financial services group Centrum Capital is overhauling its business under its Executive Chairman Jaspal Bindra, Former Asia-Pacific Chief of Standard Chartered Bank. The new focus is on asset-led activities such as housing finance and loans to Small and Medium Enterprises (SMEs). At the same tim…
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Growth of MSMEs in IT/ITeS constrained by lack of funds
Micro, Small and Medium Enterprises operating in the information technology (IT)/IT enabled services (ITeS) space tend to find growth constrained, mainly due to lack of capital. An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 …
Coir Board to release new products
Tamil Nadu: Coir Board is focusing on technology infusion, products development and market diversification so as to achieve an export realisation of nearly Rs 3,000 crore from coir products by 2017-18 financial year, according to Board’s Chairman C. P. Radhakrishnan. “Research and Development act…
Kalraj Mishra-led delegation in China to attend International SME fair
Union Minister of Micro, Small and Medium Enterprises Kalraj Mishra is in China to attend the China International Small and Medium Enterprises Fair (CISMEF) 2016. Mishra reached Guangzho on October 8 with delegation of 124 Indian Ministry of Micro Small and Medium Enterprises (MSMEs). Addressing …
Alibaba’s Jack Ma named UNCTAD Special Advisor for Youth Entrepreneurship & SMEs
Jack Ma, one of the world’s leading entrepreneurs and Founder and Executive Chairman of Alibaba Group, has been named Special Adviser to the United Nations Conference on Trade and Development (UNCTAD) for Youth Entrepreneurship and Small Business. In his new role as UNCTAD Special Adviser, …
Here’s what will spurt growth of start-ups in India
India’s vibrant start-up ecosystem has been largely dominated by software-led companies and e-commerce firms, attracting the attention of customers and investors alike. The hardware segment, though much more inter-disciplinary—involving elements of software, electronics, semiconductor and design …
Canara Bank, Kotak Bank cut lending rates by up to 0.1%
State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank cut lending rates by up to 0.1 per cent, following the 0.25 per cent repo rate cut by the RBI. Canara Bank has effected downward revision in the base rate by 0.05 per cent to 9.60 per cent from 9.65 per cent, it said in a…
How a Bengaluru bookseller weathered the e-Commerce storm & opened his 2nd-used books store
Over the last few years, book lovers have got accustomed to wringing their hands (metaphorically), sighing deeply and writing nostalgic obituaries over the closure of yet another of their favourite haunts — whether it’s Fact & Fiction in Basant Lok in New Delhi or Premier Bookstore in Bengalu…
Facebook gives $40k to JobSenz as part of its start-up programme
Education technology startup JobSenz has been selected for FbStart, the earlystage, mobile-focused startup programme launched last year by Facebook, as it continues to woo the country’s startup ecosystem, a critical market for the technology behemoth. As part of the prestigious programme, JobSenz…
India eyes indigenous expertise in cyber security, to fund security start-ups
India is building its first platform for homegrown cyber security companies in its bid to build indigenous expertise in security technologies and help local firms to tap a larger pie of the country’s digital security technology budget. The government and industry have come together to prepa…