Top private sector banks with deep reserves are now playing venture capitalists to startups at a time when startup valuations are sliding and angel investors have become more cautious than before. ICICI Bank , HDFC Bank and Axis Bank have formed separate lending teams to fund small startups, main…
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SEBI plans to relax start-up listing norms by next month
To make start-up listing platform more attractive, regulator Sebi plans to relax norms by next month to help them tap this avenue for raising funds as also to give an easier exit opportunity to their existing investors including from abroad. The platform is aimed at providing easier exit options …
Minimum import price on steel hits MSME sector
Having hit by the imposition of Minimum Import Price (MIP) on steel, Punjab-based engineering industry, especially the Micro, Small and Medium Enterprises (MSMEs), have appealed to the Centre to roll back it or direct the Indian steel makers to reduce the price of raw material at December 2015 le…
MSMEs can benefit from producing defence components | Experts
Leveraging the liberalised Defence Production Policy and the offsets clause governing imports of military hardware, Micro, Small and Medium Enterprises (MSMEs) can look at making components for the sector provided they are in it for the long haul and adopt disciplined manufacturing processes, exp…
Frost & Sullivan India ICT Awards recognises Vodafone’s leadership in the enterprise segment
Vodafone Business Services (VBS), the enterprise arm of Vodafone India, claims top honors at the Frost & Sullivan India ICT Awards 2016. VBS won the award for the ‘Enterprise Mobile Service Provider of the Year’ for the sixth year in a row. In addition, it was also the first time that VBS wa…
KVIC to come up with Innovation & Incubation Centres through suitable appropriation of underutilized assets | CEO, KVIC, Arun Kumar Jha
Khadi & Village Industries Commission (KVIC) is gearing up to channelize all its energies for suitable appropriation of all its utterly underutilized assets, spread across the country with an estimated amount of Rs.50,000 crores for setting up of innovation and incubation centre for start ups…
Bihar tops in MSME registrations using UAM
More than 7.9 lakh MSMEs have registered themselves using Udyog Aadhaar Memorandum (UAM) out of which maximum are from Bihar and minimum from the north eastern states. According to the data available on the UAM website, 794,886 MSMEs have registered themselves through UAM. Out of the total units …
Madras chamber wants state to expedite approvals
With a new government in place, Tamil Nadu industrialists hope that it will give impetus to Small and Medium Enterprises and accelerate regulatory approvals. Addressing media persons recently, SG Prabhakharan, President, Madras Chamber of Commerce and Industry, said the government should bring po…
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe stress. The Series B round of equity financing has been led by Singapore-based investor …
Cremica Food Industries raises Rs 100 crore from Rabo Equity Advisors
Cremica Food Industries, makers of condiments and has raised $15 million (Rs 100 crore) from Rabo Equity Advisors, investment advisors for India Agri Business Fund II. This is the first investment from the new fund focused on sectors including food services, agro chemicals and seeds, cold storage…