United under PayU brand, combined payments powerhouse will reachmore than 30M Indian customers and 200K+ merchants New leadership team brings together deep financial services experience in emerging markets PayU to build on Citrus Pay capabilities, offering breadth of financial services PayU, the …
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For MSMEs, legal constitution can lead to customer stability, faster growth
Micro, Small and Medium Enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership). CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. …
Ratan Tata invests in food-tech start-up IdeaChakki
IdeaChakki, a food-tech venture, has raised money from Ratan Tata. The Delhi-based start-up, however, did not disclose the quantum raised. The company also partnered with Enablers for their next round of funding. The start-up provides digital video menu for restaurants and allows customers to gif…
LinkedIn launches new product to help small businesses in India
LinkedIn expects to take what it calls ‘Made in India, for India’ products to other markets in the world, the CEO of the professional social networking company said. “There’s a lot of learning from what we are going to do here that we think can be extended elsewhere beyond…
Seven oil PSUs plan to set up Rs 100 cr start-up fund
Seven public sector oil companies—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp. Ltd—are coming together to launch a Rs.100 crore start-up fund shortly, said three officials who are …
Young entrepreneurs to get more funding from govt
To support young entrepreneurs, the central government will launch ‘special funds’ for those in the 16-21 years and 21-26 years age groups. “It’s on the drawing board. We have accumulated funds worth Rs 9,000 crore under the technology cess category, and we want to use this. We might launch incub…
India drags US to WTO over renewable energy subsidy to eight US states
India has dragged the US to the World Trade Organisation (WTO) challenging the domestic content requirements and subsidies provided by eight US states in the renewable energy sector. “On 9 September, India requested consultations with the US under the dispute settlement system regarding all…
SMEs need to innovate from time to time | Business Excellence President, Aditya Birla Group
Nagpur: Under ‘Make in India’ initiative, SMEs which currently are growing at a rate of 12-13%, will have an important presence in Defence, Manufacturing, Technology, Transportation and Health care sectors in the days to come said Jagdish Ramaswamy, President Business Excellence, Aditya Birla Gro…
Cabinet approves exchange of tariff concessions under the fourth round of negotiations APTA
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly …
FLO, Shopclues tie-up to bring women entrepreneurs online
FICCI Ladies Organisation (FLO), the industry body’s women wing and online marketplace major Shopclues have announced their tie-up to kick-start the ‘Women Entrepreneurship’ (WE) in e-commerce’ initiative. “As per the Memorandum of Understanding (MoU) signed between FLO and Clues Network Pv…