Society for Innovation and Entrepreneurship (SINE), the incubation centre at IIT Bombay, is looking to expand its operations as it sees steep rise in number of student-start-ups vying for space. The 12-year-old incubator has 28 start-ups. It expects the number to rise to 50-60 by next year and to…
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FinMin pitching for Jan 31 Budget
The Finance Ministry is said to be pitching for the Union Budget 2017-18 to be presented on January 31, an event which would give Parliament exactly three months to approve the Finance Bill before April 1. The final decision on the Budget date will be a political one and will be taken by the Cab…
Startup India learning programme now gets an official ‘UpGrad’
The government has appointed online learning platform UpGrad as the official education partner for its ‘StartUp India’ learning programme. UpGrad, co-founded by Ronnie Screwvala, Mayank Kumar, Ravijot Chugh, and Prabhav Phalgun, will offer a four-week course — varied from its flagship 15-week pro…
Total count on BSE SME platform reaches 153
Radhika Jeweltech, which raised nearly Rs 50 crore through its IPO, got listed on BSE’s small and medium enterprise (SME) platform on September 27, taking the total number of such firms to 153. This was the biggest initial public offering till now on any SME platform in India. The firm came…
GST to provide MSMEs level playing field
Ahmedabad: The Goods and Services Tax (GST) Bill will boost the competitiveness of MSMEs and create a level playing field for organized and unorganized sectors, said experts at a manufacturing conclave held by Confederation of Indian Industries (CII) on September 27. “One of the major benef…
“Make in India” campaign: A big challenge to China
China’s manufacturing sector has been shaken by Make in India campaign. The news has been broken by the state-run Chinese daily Global Times. The newspaper said on September 20 that Chinese companies might have to move their production to India mainly because of the competition from the Indian co…
Khadi now on PM’s aircraft too
The Air India One, the official carrier of the Prime Minister, has also begun using exclusively Khadi attire for its in-flight staff. Silk sarees, Jodhpuri bandh gala coats, trousers and jackets are being supplied in record time for the PM’s aircraft. Air India has placed a big order for su…
Interest of global tech giants including Apple, Intel revives in Indian startup space
Apple’s recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country’s startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. Enthusiasm…
US shared office co. WeWork ties up with Embassy in India
WeWork, one of the top ten most valued startups globally, is entering India through an ‘operating agreement’ with Embassy Group, a leading office space developer in the country. New York-based WeWork, a tech-enabled platform offering collaborative office services for entrepreneurs and…
Mega food park to be set up in Ludhiana for Rs 117 cr
Food Processing Minister Harsimrat Kaur Badal on September 26 laid the foundation stone of a mega food park project in Ludhiana to be developed at a cost of Rs 117.61 crore. This mega food park is expected to provide direct and indirect employment to about 6,000 people and benefit about 25,000–30…