The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging US technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since…
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Wipro launches Silicon Valley Innovation centre in US
New Delhi: IT major Wipro said it has set up a Silicon Valley Innovation Centre in Mountain View, California to develop and showcase next-generation technologies and solutions for enterprises. The centre will showcase and demonstrate cutting-edge enterprise applications based on technologies to s…
Why start-ups should consider joining an accelerator programme
There are differing ideas when it comes to accelerators. Some posit that accelerator programmes are to the advantage of first-time founders but not necessary for serial entrepreneurs. Some believe that early-stage startups could benefit from it, regardless of the extent of its founders’ entrepren…
ICEX to attract small traders to diamond futures
The Indian Commodity Exchange Ltd (ICEX), a Reliance ADAG-anchored platform, is set to facilitate trading and delivery of smallest tradeable polished diamonds on its platform, and the exchange is scheduled to launch futures trading by the end of August. This is to attract the smallest players in …
One month of GST: What traders, customers, manufacturers have to say
A month after Goods and Services Tax was rolled out traders, manufacturers and customers are settling into the new tax regime. While eating out has become a little more expensive for the urban middle class, manufacturers are elated over the benefits of Input Tax Credit. With old stocks in invento…
Govt to handhold small pharma export firms in implementing barcodes
Commerce and Pharmaceuticals Department under the Ministry of Commerce and Industry has decided to come forward and own the pleas of pharma MSMEs by way of financing the machinery and infrastructure lags of the sector in implementing the barcoding for drugs exported from India Government has deci…
Telangana govt introduces Innovation Policy to help start-ups
The Telangana government has introduced the ‘Innovation Policy’ in order to attract big corporates to set up research arms and encourage entrepreneurs to establish start-ups in urban as well as in the rural areas. The innovation policy focus on the development of physical infrastructu…
Dr. Sanjaya Baru to join as Secretary General of FICCI
New Delhi: “With Dr A Didar Singh nearing completion of five years as Secretary General of FICCI after joining FICCI post his retirement as Secretary to Government, he has been for some time been looking for a relatively lighter role within the organization and in view of this, the FICCI Com…
Why Indian SMEs enduring finserv disruption will reap the benefits
The financial services (Finserv) landscape in India has shifted dramatically in only the last few months. Following the dramatic implementation of demonetization efforts, the nation is now underway with a Goods and Services Tax reform (GST). Both of these events are disrupting the typical way sma…
GST regime affects small diamond units in Gujarat
Small diamond units in Gujarat say doing business in the goods and services tax (GST) regime has become difficult due to increased compliance requirements and uncertainty over when they will get input credit refund. The nearly 50,000 small and medium units in Surat and Saurashtra employ close to …