News

SBI rolls out Rs. 200-cr start-up fund

State Bank of India seems to be setting great store by start-ups in the financial technology (FinTech) space. After starting an exclusive branch for start-ups in Bengaluru earlier this year, it has set up a Rs. 200-crore fund to provide assistance to them. SBI Chairman Arundhati Bhattacharya said…

Over 400 entrepreneurs queue up for tax benefits

Over 400 budding entrepreneurs have filed applications with the Department of Industrial Policy and Promotion (DIPP) for recognition as innovative startups to avail tax breaks and other benefits. An inter-ministerial committee, which assessing such applications, has already considered 189 request…

Chennai-Bangalore corridor promises win-win for all

The long-term vision of the Chennai-Bengaluru Industrial Corridor (CBIC) is to develop itself as a globally competitive manufacturing hub that promotes sustainable development by creating at least 22 million additional jobs in the next 20 years. The project will drive growth of both large industr…

MSME Ministry approves revised guidelines of IC Scheme

The Ministry of Micro, Small and Medium Enterprises (MSME) has approved the revised guidelines of International Cooperation (IC) Scheme and it would be effective with immediate effect. “…in order to make IC Scheme more effective and beneficiary oriented, the guidelines have further been reviewed …

NASSCOM launches GPS attendance to help SMEs track their staff

A Mobile-based GPS Attendance for SME’s in the Unorganised Sector by a NASSCOM 10,000 Start-up Company A huge pain point for SME’s, particularly the small ones is how to track staff on the move as well as in the office. It is a major problem across the board for the estimated 51 milli…

Indian SMEs readying for INNOPROM 2016

India and Russia have set a challenging goal for bilateral trade to reach $ 30 billion by 2025, while the target for mutual direct investments between them is $15 billion. Compared to these ambitious targets, bilateral trade stood at $ 9.5 billion in 2014 and decreased by around 6 per cent to $ 9…