The proposed credit guarantee fund that will help startups get collateral-free loans is likely to get the cabinet nod in July. The fund, with a total corpus of Rs 2,000 crore, was announced in January 2016 by Prime Minister Narendra Modi to enable greater financial support for startups. “We…
Tag: SAARC
Cisco betting big on SME sector for growth, to triple customer base to 90k
IT hardware giant Cisco is betting big on India’s Small Medium Enterprises (SMEs) sector for growth. Company is looking to increase its customer base from 30,000 to 90,000 over the next three years. “We have about 30,000 SMEs customer in India and over the next three years we aim to triple this t…
Digital payment start-ups unaware of high security risks: FireEye
As India embraces a cashless economy, there has been a sudden spurt in new mobile wallet companies — but most of these start-ups are setting up digital shops without knowing the cyber risks involved, a top executive from US-based cyber security firm FireEye has emphasised. This is a dangerous tre…
Modinomics: New art of diplomacy
Prime Minister Narendra Modi has been able to leverage India’s economic advantages to improve international relations and vice versa. He recognises that India’s ambition to become a $10-trillion economy and create 175 millions jobs by 2032 will depend on linking the country’s foreign policy to do…
India cottoning on to ending cotton ties with Pak
India’s $782-million worth of cotton exports to Pakistan is likely to come to a halt, with exporters keen to divert shipment to other cotton scarce countries, following talks of withdrawal of the Most Favoured Nation (MFN) status to its neighbour. India had granted MFN status to Pakistan in 1996 …
Rajasthan partners with Cisco for connected learning solution
Rajasthan’s Education Department has partnered with US-based technology firm Cisco to promote digital learning across the state using virtual digital room solutions. “This initiative aims to enhance the quality of education through digital learning for academia to connect, collaborate…
Maharashtra Govt partners with Autodesk to offer free design tools to MSMEs
3D design company Autodesk on May 5 signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to provide advanced design technology to – local MSMEs from the manufacturing sector in the state. As per the agreement the company will offer Fusion 360, Autodesk’s cloud-based…
India born Tally Solutions wins million customers globally
One of the most-preferred accounting software for SME/MSMEs, Tally Solutions, the premier Indian software product company, has announced its one millionth customer win across the globe. From its humble beginning in 1986, Tally Solutions today offers its solutions to a million customers in over 10…
Autodesk to enable MSMEs adopt technology for design innovation
California-headquartered Autodesk, the world’s leading 3D design firm, aims to push MSMEs (Micro, Small and Medium Enterprises) adopting technology in a bigger way for designing innovation, a top company executive said. Talking to Deccan Herald, Autodesk Head of the Manufacturing Division India a…
Bangla ban on raw jute export hits Bengal jute mills hard
The over Rs 8,000 crore jute industry, which has been passing through a demand crisis and subsequent closures at the mills level, is also being hit hard by imposition of ban on export of raw jute by the Bangladesh government, said top Indian Jute Mills Association (IJMA) officials. The ban has l…