The Small and Medium Enterprises (SMEs) platforms started in early 2012 by the two national bourses, BSE and NSE, to enable smaller companies to list and raise money, have found support from some state governments. The Gujarat and Rajasthan governments have announced subsidies to pay for the expe…
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GST legislation likely to be passed by Rajya Sabha in forthcoming session | Ajay Tyagi
May 25, 2016 | Additional Secretary, Ministry of Finance, Ajay Tyagi said that the government of the day was making all out efforts and trying its best to create consensus for the smooth passage of GST and hoped that the upper house of the Parliament would be able to pass the legislation in the f…
SMEs can now book and track LCVs on demand through Porter’s iOS app
Porter, pioneers in tech-enabled intra-city logistics, has launched the iOS version of the booking app, spurred by the success of the Android version which was launched in October last year. The app offers a simplified, hassle free booking experience to registered individuals and SMEs who can boo…
NASSCOM CoE-IoT organizes conclave to discover new start-ups in IoT space
NASSCOM CoE-IoT, a joint initiative of Government of India (Department of Electronics and Information Technology (DEITY)) and ERNET hosted its 1st edition of IoT ecosystem connect program-NASSCOM CoE-IoT Conclave in Mumbai on May 20, 2016. Organized in association with L&T Technology Services…
Patanjali to take on online healthcare startups
Ramdev Baba’s Patanjali is reportedly planning up an online platform Chikitsalaya for Ayurvedic consultation and treatment. After taking on FMCG in the country, Baba Ramdev is looking for digital health startup. According to the industry experts this move will help Patanjali ramp up its outreach …
Askme Fin plans payment services for SMEs
E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…
Government revises norms of performance in Credit Rating Scheme
Government approved the revision in guidelines of the Performance in Credit Rating Scheme, aiming to increase its credibility and effectiveness for both borrowers and banks. Under the revised guidelines, the fee to be paid to the rating agencies shall be based on the turnover of the Micro and Sma…
LG Plans to invest US$100 mn in Maharashtra
Mumbai, May 24: As a part of their expansion plans, Global leader LG chemicals are planning to expand their Indian operations with investments of US$100 mn in Maharastra. Subhash Desai, Minister of Industries, Government of Maharashtra inaugurated the eighth edition of the G-Fair 2016 exhibition …
Government’s approach has been to set the fundamentals right and a reform-to-transform approach| Piyush Goyal
Singapore, 24 May 2016: Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy, Govt. of India addressed an august gathering including leading investors, energy companies and energy technology companies at the India-Singapore Energy Technology and Investors’ Meet on las…
Advanced farming market CAGR to be 13.4% in next 5 years
Bengaluru, May 24: Infoholic Research LLP, a global ICT and Electronics market research and consulting organization, has published a study titled “Worldwide Advanced Farming:Market Drivers, Opportunities, Trends and Forecasts, 2016-2022” (May 2016). Infoholic Research forecasts that a…