As many as three companies will come out with initial share sale to raise around Rs 17 crore this week. The Initial Public Offerings (IPOs) of Kwality Pharmaceuticals, Titanium Ten Enterprise and Commercial Synbags will open for subscription from June 30. These companies will get listed on BSE…
News
United Bank bets big on MSME sector
State-run United Bank of India has said it will focus its lending on Micro, Small and Medium Enterprises (MSMEs) and retail according to news agencies. The bank is planning to raise up to INR 1000 crore in one or more tranches through Qualified Institutional Placement (QIP) for which it sought sh…
Ola signs MoU with Haryana to create 10,000 entrepreneurs in the state
Ola, India’s leading mobile app for transportation, has signed a Memorandum of Understanding (MoU) with the Government of Haryana, to create over 10,000 entrepreneurs in the state. As part of the MoU, Ola will invest Rs. 350 crores over the next five years to skill and train thousands of men and …
DIPP to handhold startups, put them in touch with government
In a conversation a few months ago, Petroleum Minister Dharmendra Pradhan sought commerce Minister Nirmala Sitharaman’s help in collecting used oil at an industrial scale, which can be recycled and put to use again. The trend of recycling used oil from restaurants and homes that can be recy…
Tamil Nadu has highest number of factories in India: RBI
Tamil Nadu has the highest number of factories in the country and employs the largest factory workforce, according to RBI data for the financial year 2014. The Reserve Bank of India, for the first time, has published a Handbook of Statistics on state-level data. In terms of capital, Gujarat has b…
KVIC bags order for durries from coast guard
The Khadi and Village Industries Commission (KVIC) has added yet another feather to its cap. The organisation has bagged first ever order for supply of 3,500 durries from the Indian Coast Guard for the use by its units in Chennai, Mumbai, Kochi, Porbandur and Paradeep at a total cost of Rs 14 lak…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…
Here is a ‘speed-dating’ opportunity for startups with venture capitalists
Following highly successful conferences over the past 5 years in Singapore, Jakarta and Tokyo, Tech in Asia, the online hub for Asia’s tech community, is bringing its conference formula to Bangalore, the epicentre of India’s tech ecosystem. Held on July 6-7 at Manpho Convention Centre, the confer…
Snapdeal’s ex-CPO Anand Chandrasekaran sees a good deal in these 6 startups
Anand Chandrasekaran, who quit as the Chief Product Officer at Snapdeal a month ago, has announced investments in six startups — Truce, MagicX, Lucideus, LoanCircle, Lernr and Rupeek — and plans to invest in three to five more companies this year. Chandrasekaran has become an active angel investo…
Paytm to help SMEs get products from China
Digital payments and e-commerce platform Paytm is working with sellers in India to help them source products from neighboring China, according to a senior company official. While the company has already started sourcing products under the fashion accessory category on a pilot basis, it plans to a…