News

Unbxd raises $12.5 m in series C from Infosys Cofounder & others

Unbxd, the cloud based product discovery platform for e-Commerce, has raised 12.5 million dollars in Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Vent…

TIIC conducts loan mela for MSMEs

Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of Rs1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on June 19. Kirubakaran, General Manager, TIIC (Projects), said that the State-run financi…

Govt to unveil package for Knitwear industry in 2 months

The government will announce a package for the country’s knitwear sector in the next two months, a top official said. The package is expected to provide a level-playing field to the knitwear industry, which is facing tough competition from countries like China owing to factors like lower au…

NITI Aayog looks to set up 1k tinkering labs

NITI Aayog CEO Amitabh Kant has stated that this year, the Atal Innovation Mission (AIM) scheme will look to select 1,000 schools. They will receive a grant of about $31K (INR 20 Lakh) each. The money will be utilised to set up tinkering labs to foster innovation, as per a recent report. The repo…

Amitabh Bachchan to be the brand ambassador of GST

The government has roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST), ahead of the sweeping tax reform’s implementation scheduled from July 1. The Central Board of Excise and Customs will be making the 74-year-old Bachchan as the brand ambassador for GST. …

India plans SAARC meet for start-ups: Nirmala Sitharaman

India is planning to organise a meet of start-ups of the South Asian region for exchange of new ideas and promoting interaction among them. Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian start-ups to hold this programme. “I will be working towards having a SAARC (So…

BSE SME platform receives 214 draft prospectus

BSE’s Small and Medium Enterprise (SME) platform seems to be generating significant interest from investors with as many as 214 firms filing draft papers to raise funds through IPOs since the launch of the segment, nearly five years ago. Out of 214 companies, 183 of them are already listed …