Andhra Pradesh-based enterprise class data centre and cloud service provider Pi Datacenters has raised $90 Mn in a Series B funding round from existing and new investors. Details about the investors that participated in the deal have not been disclosed. The Series B funding will be utilised to su…
Tag: SME News
Next GST meet to finalise a mechanism to operationalise anti-profiteering clause
New Delhi: The Goods and Services Tax Council will at its next meeting finalise a mechanism to operationalise the anti-profiteering clause which seeks to protect consumers interest, Finance Minister Arun Jaitley told the Lok Sabha on August 1. He said a proper decision would be taken on Air India…
Why start-ups should consider joining an accelerator programme
There are differing ideas when it comes to accelerators. Some posit that accelerator programmes are to the advantage of first-time founders but not necessary for serial entrepreneurs. Some believe that early-stage startups could benefit from it, regardless of the extent of its founders’ entrepren…
ICEX to attract small traders to diamond futures
The Indian Commodity Exchange Ltd (ICEX), a Reliance ADAG-anchored platform, is set to facilitate trading and delivery of smallest tradeable polished diamonds on its platform, and the exchange is scheduled to launch futures trading by the end of August. This is to attract the smallest players in …
Govt to handhold small pharma export firms in implementing barcodes
Commerce and Pharmaceuticals Department under the Ministry of Commerce and Industry has decided to come forward and own the pleas of pharma MSMEs by way of financing the machinery and infrastructure lags of the sector in implementing the barcoding for drugs exported from India Government has deci…
Centre to give financial boost to village entrepreneurs in 12 Kerala districts
Central Government has given nod to the Start-up Village Entrepreneurship Programme (SVEP) for 12 districts in Kerala under the National Rural Livelihood Mission (NRLM) to give a financial boost to women entrepreneurs. Under the programme, technical and financial support will be offered to over 2…
Sitharaman to raise concerns for MSMEs over India-China growth strategy in BRICS meeting
Commerce and Industry Minister, Nirmala Sitharaman who arrived in Shanghai on July 31, is expected to raise concerns over a joint growth strategy for MSMEs with China in the BRICS meeting. The seventh trade ministers meeting of the BRICS (Brazil, Russia, India, China and South Africa) is getting …
MSMEs look up to Composition Scheme for GST levy; 5 lakh businesses opt for benefits
With the number of businesses registered on GSTN increasing day in and out, the need and followed benefits of opting composition scheme is also catching fire amongst small businesses. As many as 5 lakh businesses have opted for the Goods and Services Tax (GST) Composition Scheme as of July 30, in…
SMEs too join the bull run with IPOs
Total Transport System becomes highest subscribed SME issue by attracting investment interest of Rs 2,200 crore on NSE Emerge
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CG Corp brings $100 m venture capital fund for South Asian start-ups
Fund aims to invest in tech-enabled companies in sectors such as hospitality, consumer, financial services, rural product and services sectors, usually in ‘Pre-Series A’ deals of around $2-3 million
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