Infosys Co-Founder Kris Gopalakrishnan has said innovation and small and medium enterprises (SMEs) go hand in hand when it comes to economic growth. Innovation is important for every state and also good for the economy as well as SMEs, he said. Gopalakrishnan was speaking in an exclusive interact…
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SME lending to get a boost at Yes Bank with $150 m investment from OPIC
India’s fourth largest private sector bank – Yes Bank – has received another round of $150 million funding from US government and Wells Fargo to fund small and medium enterprises (SME) lending. Overseas Private Investment Corporation (OPIC) will provide $75 million in financing to Yes Bank and up…
Maharashtra signs MoU with Walmart to setup modern wholesale cash & carry stores
Walmart and Government of Maharashtra, in the presence of Chief Minister Devendra Fadnavis, have signed a memorandum of understanding (MoU) for 15 modern wholesale cash and carry stores in the state. This wholesale cash and carry stores by Walmart will in bring investment of up to Rs 900 crore an…
‘Microsoft sees innovative global opportunities for Indian start-ups’
Fitzpatrick said India is a great place for innovation and some of the greatest things have been happening in the Indian market from innovation perspective. India has gone through the entire maturity of Cloud and starting to adopt and embrace it, she added.
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GST Impact: Lenovo sees 5% growth in biz on the back of SMEs
PC maker Lenovo is expecting a 5 per cent increment in business after the GST rollout, given small traders will also be required to file their I-T returns thrice a month now, a company’s top executive said. “The computer industry is the only one which has a dual impact of GST which pe…
Startup Visa delay may impact Indian start-ups
Indian entrepreneurs and start-ups may face problems as the US government, under President Donald Trump’s administration announced to delay the ‘Startup Visa’ programme until next March. The government also intended to tighten the work visa rules to the Indian IT companies…
GST & DigitalMSME can together drive growth of “New India”: Kalraj Mishra
GST will improve MSMEs market expansion. The regime has not differentiated between sales and services, which is “good news” for MSMEs related to the sales and services business model
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AI start-up Halli Labs to enter Google team as first Indian acquisition
Bengaluru-based Artificial Intelligence (AI) and machine learning start-up Halli Labs is all set to join global internet giant Google under its Next Billion Users team to help get more technology and information into people’s hands around the world, the team announced through its blog on Medium o…
IIA submits White Paper for a better tomorrow of MSMEs in Uttar Pradesh
IIA has also proposed to redesign an online system to address the grievances of MSMEs as well as to re-establish the online single table system for the sector.
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Exports share to top 10 destinations hike from 49% to 51.6% : PHD Chamber
Export volume to top ten export destinations declined 7.7 per cent from $154.05 billion to $142.55 billion in 2016-17 whereas export volume to rest of the economies declined 16.6 per cent from $160.36 billion in 2013-14 to $133.73 billion in 2016-17.
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