At the inauguration of the 5th National Industrial & Trade Fair organised by Dalit Indian Chamber Commerce & Industry (DICCI), Union Minister for MSME (Micro, Small & Medium Enterprises) Kalraj Mishra has announced that under Stand-up India initiative, each of the 1.25 lakh bank branc…
Start Up India
Angel network plans to invest over Rs 1 crore in artificial intelligence startups
Mumbai-based Angel Network and co-working space Venture Catalysts, which has over 150 angels in its network, plans to invest over a crore in artificial intelligence startups over the next one year. The network which recently partnered with Silicon Valley-based startup accelerator Plug and Play, e…
Startup India initiative to get a rural avatar
The government’s Startup India campaign aimed at boosting entrepreneurship will get a rural avatar in the soon-to-be-launched Deen Dayal Upadhyay Swaniyojan Yojana The programme being designed by the rural development ministry will be backed by MUDRA Bank loans, innovative credit linkages a…
Crowdsourcing job referrals gains popularity over traditional methods
Anandram Sarda, a chartered accountant in Hyderabad who has done his articleship from PriceWaterhouseCoopers, finds the concept of a crowdsourced referral platform far more cost effective against traditional methods for job referrals. MintMesh, a crowdsourced referral platform for jobs and servic…
Local logistics companies gain popularity in smaller cities
Intra-city logistics solutions providers are a growing tribe in tier II and III cities as traffic problems force the, municipality to oppose entry of heavy vehicles. Additionally, burgeoning e-commerce deliveries and a demand-supply lapse in the unorganised ‘tempo’ segment is helping …
PM Modi to launch Stand Up India programme in April
After the launch of the Start Up India programme, the government is now gearing up for Stand Up India, which mandates each bank branch to provide one loan to a Dalit or a borrower categorised as scheduled tribe or scheduled caste, and the other to a woman entrepreneur. While the scheme is already…
Mukesh Bansal, Ankit Nagori to launch a health, fitness startup
Mukesh Bansal, cofounder of online fashion retailer Myntra, and Ankit Nagori, former chief business officer at Flipkart, have joined hands to set up a healthcare, sports and fitness company. The move comes barely six weeks after Bansal, former head honcho at Flipkart, and Nagori resigned from the…
For entrepreneurs, ‘failed, not fallen’ is the echoing theme
In the fast-paced world of start-ups, what does an entrepreneur do when his first venture or idea fails? Undeterred, the entrepreneur ventures into the next, as he or she is now richer in experience and hardened by the failure. Their motto being: ‘failed, not fallen’. A case in study is that of U…
Tendulkar makes his first tech start-up investment
Cricket legend Sachin Tendulkar made his first investment in a technology start-up, a firm that makes smart devices, for which he will also be a brand ambassador. Tendulkar had earlier made seven investments — the Mumbai franchisee of the Indian Tennis League, the Kochi Franchisee of the Indian S…
Oil sector PSUs to float ‘start-up fund’ in FY17 | Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan on March 21 said public-sector oil companies led by Indian Oil Corporation (IOC) would set up a ‘start-up fund’ in FY17 to support technology innovation in the hydrocarbon sector. “The PSUs in consultations with the petroleum ministry are planning the creatio…