Micro, Small and Medium Enterprises operating in the information technology (IT)/IT enabled services (ITeS) space tend to find growth constrained, mainly due to lack of capital. An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 …
Tag: information technology (IT)
Tamil Nadu should arrest decline in IT investments: Assocham
The Tamil Nadu government should arrest the decline in investments in the information technology (IT) sector in the state, industry body Assocham said on July 25. “The state government needs to arrest the continuous decline in the share of IT sector in investments attracted by Tamil Nadu by…
Amazon reaches the cloud to shower start-ups with data
One of the world’s biggest providers of cloud computing services in the world, Amazon Web Services (AWS), launched two data centres in Mumbai on June 28. The new AWS Mumbai Region consists of two separate Availability Zones, data centres in distinct locations within a single region that can funct…
Start-ups seek easier institutional ownership for IPO regulations
Start-ups want markets regulator Sebi to ease minimum institutional ownership criteria to qualify for launching an initial public offering (IPO). Currently, regulations mandate a company to have a 50% institutional ownership in order to launch an IPO. However, many small start-ups are funded by a…
Gujarat unveils new policy to pep up IT start-ups in 5 years
As part of Prime Minister Narendra Modi’s “Make in India” and “Start-up India” moves, Gujarat Chief Minister Anandiben Patel, on June 5, announced her government’s new policy for promotion of information technology (IT) and electronic start-ups, envisaging setting up of 50 incubators to provide l…