The Indian should adapt, innovate and invest in the weaving and processing sectors as also market itself relentlessly to survive and sustain, said Premal Udani, Managing Director, Kaytee Corporation. Speaking as the Chief Guest address at the Southern India Mills’ Association’s 10th CEO Co…
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Chinese investors bullish about Indian start-ups; jointly provide $50 mn of funding
A dozen Chinese investors offered at a technology summit on September 25 to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups. The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in Janua…
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…
For Biyani, small is beautiful
Leading retail chain Future group is planning thousands of small stores that will act as a distribution channel for consumer products. Currently, the group has 600 small stores ranging from 600-1,200 sq ft, and it is planning to have 3,000 more such stores in the next five years. “We already have…
The shoddy state of start-up incubators in India
On January 16, 2016, Prime Minister Narendra Modi concluded the Start-up India conference in New Delhi, with an action plan for how to promote entrepreneurship and young enterprises in the country. Now, more than the start-ups, it is the ecosystem that badly needs our attention today. If we want …
Tourism meet sees pacts worth Rs.15k cr
Five states — Gujarat, Rajasthan, Karnataka, Uttarakhand and Chattisgarh – signed 86 MoUs worth close to Rs.15,000 crore during the recently concluded Incredible India Investors’ Summit. Gujarat leads the tally with signed pacts worth nearly Rs.9,000 crore, followed by Karnataka (Rs.2,600 c…
Start-ups that are clear market leaders will gear for IPOs: Tracxn, Co-Founder, Abhishek Goyal
Venture capital firms have been active in India since 2006. Yet, even after pouring more than $19 billion into Indian start-ups over more than a decade, most venture capitalists (VCs) have struggled to get attractive returns on their investments. Now, VCs will have to increase their focus on comi…
BookMyShow to expand in Tier-II, Tier-III cities
Online ticket booking service provider BookMyShow is looking at expanding its reach to Tier-II and Tier-III cities in south India, as part of its efforts to increase its offers to more theatres. The company is also in talks with multiplex majors to bring in exclusive food and beverages (F&B) …
Demand Gap of Rs 2.93 trillion in MSME financing needs to be filled for a double digit growth
With country’s population growing at a rate of about 1.7 per cent, there are few jobs available to the youth today. An economic slowdown too is affecting the job market. The best case scenario to earn a descent living thus, is to start something of your own. It could be a cottage industry, …
Will Reliance Jio revolutionise the start-up & SME sector in India?
One has to only log on to Twitter or drive past a Reliance store to get a sense of the excitement generated by the Reliance Jio launch. At one point, it seemed to be the only thing Indians were talking about. The promise of fast, affordable Internet access really seems to have struck a chord with…