India’s textile industry is at a very important threshold. It has a great opportunity to capture the space being vacated by the Chinese industry due to their spiraling costs. However, the isolated increase in cotton prices in India is a cause of worry, said Northern India Textile Research A…
Tag: R&D
LinkedIn launches new product to help small businesses in India
LinkedIn expects to take what it calls ‘Made in India, for India’ products to other markets in the world, the CEO of the professional social networking company said. “There’s a lot of learning from what we are going to do here that we think can be extended elsewhere beyond…
Electropreneur Park by Electronics & IT Min set for launch
Government-funded Electropreneur Park, an incubation centre with focus on IP creation and product development to increase domestic manufacturing of electronics items, is scheduled for launch this week. The Electropreneur Park with funding support from Ministry of Electronics and Information Techn…
DIPP to suggest states to frame own IPR policy
The Commerce and Industry Ministry will suggest states to formulate their own Intellectual Property Rights (IPR) policy with a view to promoting innovation and giving a boost to the economy, an official said. The Ministry convened an interactive session with industry associations on the National …
Torrent loads Puro Wellness with Rs 250 cr
Ruchir Modi’s wellness startup Puro Wellness has raised Rs 250 crore from Torrent — the holding company of Gujarat-based conglomerate Torrent Group — in its pre-revenue stage. As per some investment banking executives, Torrent has taken a significant stake in Puro Wellness, which aims to de…
Food startups leave bad taste in hotels’ mouth due to patchy performance
Several restaurants are now backing out from food tech and hyperlocal delivery platforms such as Swiggy and Shadowfax due to high commissions and patchy delivery services. While some restaurateurs said high commission fee of up to 25% on the price of an order charged by delivery platforms has mad…
External and internal R&D would benefit Pakistan and Indian SMEs
Small and Medium-sized Enterprises (SMEs) play a vital role in the economic growth of a country. Specifically, in developing countries where poverty, unemployment, low income per capita, low literacy rate, and high inflation and interest rates can hinder economic growth, SMEs contribute significa…
Govt allows 74 per cent FDI in pharma sector
FDI in Brownfield pharma sector has been permitted upto 74% under automatic route; and FDI beyond 74% and upto 100% is allowed under Government approval route The move to permit 74% FDI under automatic route in Brownfield pharmaceutical sector is aimed at attracting required capital, internationa…
Robotics firm GreyOrange to ramp up global operations for contributing 70% to its revenues
Robotics firm GreyOrange is looking at strengthening its international presence and hopes to ramp up non-India operations to contribute about 70% of its revenues, up from the present 30%. “After starting operations in Japan, Hong Kong and Singapore last year, we are looking at entering the …
Gaia Smart Cities acquires IoT division of netCORE Solutions
In a joint statement, Gaia Smart Cities, an Indian start-up in the field of City Scale IOT technology solutions and netCORE Solutions, a leader in marketing technology & enterprise communication, announced that Gaia has acquired the IOT division of netCORE Solutions while netCORE will invest …