Union Minister Kalraj Mishra said that exemplary work undertaken in Haryana for expansion of small enterprises, technical education and digital literacy, has made the state a model for others to follow. The Union Minister for Micro, Small and Medium Enterprises was speaking at an event here.…
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Laghu Udyog Bharti demands sops for sick units in UP’s industrial policy
The proposed industrial policy of the Uttar Pradesh government has not gone down well with Laghu Udyog Bharti, which has demanded that certain points in the draft be reconsidered. Throwing a spanner in the policy, Laghu Udyog Bharti, associated with small scale industries and having a network of …
Small traders want penal norms delayed
With 60 per cent of the country’s small traders yet to be computerised, wholesalers and traders are demanding amnesty from penal provisions of GST for atleast nine months. A large number of small traders are still not educated about GST and there are expected to be teething problem for them in th…
It’s time for start-ups to move to the next level: NASSCOM
The Indian start-up ecosystem is evolving and it is time for stakeholders to move to the next level and collaborate with the external eco-system, said KS Vishwanathan, Vice President at Nasscom. “It is now time for the companies to move to the next level of mid-stage and growth,” Vish…
3rd edition of North East India fashion week to give platform to indigenous weavers
The third edition of North East India Fashion Week themed as ‘Khadi Movement’ will be held from October 27 to 29 at Arunachal’s Itanagar. The registration and audition of designers and models have started. Chief Operating Officer of North East India’s fashion week, Yana Ng…
Insurance platform Coverfox raises $15 m funding from Transamerica, others
Mumbai-based online insurance brokerage platform Coverfox has reportedly raised about $15 Mn (INR 96 Cr) in Series C round of funding. As per ET sources closer to the development, the round was led by US insurer Transamerica, along with the participation of existing investors. Glibberbug Technolo…
Fintech start-up Lendingkart raises $7.8 m in debt funding from Yes bank
Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…
Rajasthan Angel Investor Network to launch $15.6 m fund in 2018
Rajasthan Angel Investor Network (RAIN) is planning to launch a Rs 100 crore ($15.6 million) fund early next year, Mahavir Pratap Sharma, Chairman and Co-Founder of the 30-member investment firm. “The fund size will be at least Rs 100 crore and will focus on early stage or idea stage companies,” …
How Indian traders can reap benefits from GST
Trading has been the primary business activity in India since time immemorial. Even the British set up a trading post through the East India Company. While India has advanced in technology and has seen rapid industrialisation along with growth in the manufacturing sector, it is the trading sector…
BSE small-cap gives 72% return, sensex 34% in 3 years
With 72 per cent return to investors, S&P BSE SmallCap index has outperformed the sensex and large-cap indices in the three-year period ended May 31. While the small-cap index of the BSE has given a return of 72.11 per cent, S&P BSE SmallCap Select index, which is a measure of the perform…