Leading trade and industrial organisations have hailed the Centre’s announcement to extend tax benefits to investors for a period of five years in seven districts of Andhra Pradesh. They say that capital subsidy will help develop the backward areas of North Andhra as well as Rayalaseema. Leaders …
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Oil India announces Rs 50 cr start-up fund
State-run Oil India Ltd has announced a Rs 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. The proposal for setting up the OIL Start-up fund was approved in the company board on September 30 and is in line with Centre government’s flagship…
Gandhi Jayanti Special: Evolving a Swachh Bharat with the spearheads of MSMEs
National Small Industries Corporation (NSIC) brought together the MSME leaders who paid rich tribute to the father of the nation on the occasion of Gandhi Jayanti, and swept clean the path ahead for MSMEs. To help fulfill Mahatma Gandhi’s vision of ‘Clean India’, Union MSME Minister Kalraj Mishr…
Khadi may find way into government hospitals
The government has set up a panel to look into ways to promote use of khadi in state-owned hospitals, Khadi and Village Industries Commission (KVIC) said. It said the high-level committee is set up under the chairmanship of Directorate General of Health Services, B D Athani. “Union Health Ministr…
10 Indian start-ups to participate in Japan’s largest IT forum
Ten Indian start-ups will take part in Japan’s largest IT forum ‘Combined Exhibition of Advanced Technology (CEATEC)’ . Facilitated by Japan’s Ministry of Economy, Trade and Industry (METI), these 10 Indian startups will participate in the IT and electronics exhibition and conference to be held o…
Modi Magic: PM’s Mann ki Baat spurs Khadi growth periodically
“If you buy Khadi, you light the lamp of prosperity in the house of a poor person”, Prime Minister Narendra Modi said in his first monthly radio address ‘Mann ki Baat’ on October 3, 2014. Two years later, the sapling he had planted, is bearing fruits. Khadi has since become a lifestyle phen…
Gandhi Jayanti Special: Modi’s mantra sprout new Khadi ventures
With Prime Minister Narendra Modi’s emphasis on promoting homegrown Khadi, a number of new ventures and startups are coming up with exclusive ideas and promoting Khadi in a unique way. These ventures and entrepreneurs have joined the hands to breathe new life into Khadi. Khadi Nation: This Bangal…
RBI proposes norms for investment in overseas start-ups
The Reserve Bank of India (RBI) on September 30 came out with a draft framework to facilitate investment in overseas technology funds which deploy money in start-ups abroad. The RBI said such investments do not meet the eligibility norms for making overseas direct investments under the automatic …
Market potential huge, e-tailers bound to succeed: Nilekani
E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys Co-Founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience wi…
Taxi rental start-up InstaCar raises $1 mn from Swastika
Taxi rental marketplace InstaCar has raised USD 1 million in seed funding from Hong Kong-based Swastika Co Limited. The investment also marks the first foreign direct investment into Madhya Pradesh’s startup ecosystem. “India currently is flooded with taxi and rickshaw aggregators within cities w…