RIL Chairman Mukesh Ambani announces Rs 5k cr start-up fund ‘Jio Digital India Startup Fund’ to invest in digital businesses
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News
IFC to increase focus on India by backing early-stage venture capital funds
As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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GST on textile job works cut; e-way bill provisions finalised
e-way bill mechanism likely to come into force by October 1; GST-exempted goods kept out of purview of bill
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‘Aiding SMEs with right financial support remains challenging’
At a seminar organized by the Confederation of Indian Industries, the issues related to SME finances were discussed at length. It was said that a large number of SMEs were unable to get financial aid from the banks.
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Telangana to celebrate National Handloom Day on Aug 7
District Collectors would be organising handloom walk, rallies, exhibition of handloom products and felicitate eminent weavers in their respective districts
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India has huge potential to surpass China in footwear production by 2020: Santosh Gangwar
Indian industry has huge potential to surpass China in footwear production by 2020, Union Minister Santosh Gangwar said. The government has recognised footwear as a priority sector and introduced favourable policy reforms along with the GST, the Minister of State for Finance said at the inaugurat…
Dalberg Advisors & iSpirit to host start-up pitch competition on India Stack interface
Dalberg Advisors, a social advisory firm and software industry think-tank iSpirt have joined hands to launch a venture pitch competition for early stage startups that will build on India Stack, a set of APIs released by the government, to build India-specific solutions. India Stack uses Aadhaar a…
India International Travel Mart to launch ‘Startup Pavilion’ in Mumbai
Bangalore: In an attempt to nurture the Indian Start-Up Ecosystem, IITM announced the launch of Starups Pavilion, an exclusive platform for startup companies embodying fresh, innovative ideas. Startups are encouraged to participate and get featured at India International Travel Mart Mumbai in Sep…
Startup Odisha recognises 80 start-ups, 32 more under process
The Government of Odisha has recognised 80 startups in the last two months under its Startup Odisha initiative. The statistics were revealed during the recently held meeting of the Task Force held under the Chairmanship of L.N. Gupta, IAS, Additional Chief Secretary, MSME. The Task Force also rev…
FDI in textile sector doubled to $619 m in 2016-17: Ajay Tamta
Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed today. In a written reply to Lok Sabha, Minister of State for Textiles Ajay Tamta said during the first two months of current …