As the volume of world trade is expected to remain sluggish in 2016, India needs to devise cohesive strategies of retaining its market share first and then increasing it, President Pranab Mukherjee said. He also said that exports sector is dynamic and is affected by changes in the policy both at …
Tag: SME
SpiderG | Making small businesses count
SpiderG, a Pune-based tech start-up, currently serves around 250 businesses in that space but wants to take that count up to 20,000 in a year, while also taking its revenues from ₹ 1.5 crore to ₹22 crore by then. E-invoicing is its core offering while it also has specific features that help with …
Microsoft’s Pramanik says India data centers drive cloud services adoption
Microsoft has seen higher rate of adoption of its cloud services in the country after setting up local infrastructure, and the company is now aiming for a market share of more than 40% in the next fiscal in this segment, a top company executive said. The growth in cloud services has been driven b…
Polycom eyes 25% revenue growth in India; bets on government, SMBs
US-based voice and telephony gear maker Polycom is looking at deeper engagement with government and SMB verticals to drive expansion in India as it aims to grow revenues by 25 per cent this year. The company, which is being acquired by Canada’s Mitel Networks Corp in a $1.96-billion cash-an…
Ensure J&K SMEs get hassle-free loans, says Mehbooba Mufti to Raghuram Rajan
Jammu and Kashmir Chief Minister Mehbooba Mufti on April 30 sought Reserve Bank of India’s (RBI) support for youth empowerment in the state, while urging premier banking institutions to reach out to young, budding entrepreneurs and help them establish viable business units. She said she exp…
Haryana to give financial assistance to MSMEs for patents
Haryana government has launched a scheme to grant financial assistance of up to Rs 25 lakh to Micro, Small and Medium Enterprises (MSME) for registration of patents for products and processes. To promote patent registration among enterprises and protect their innovation, the state government has …
Haryana formulates scheme for e-Commerce linkages of MSMEs
Haryana Government has formulated a scheme for e-Commerce linkages of Micro, Small and Medium Enterprises (MSMEs) for online trading and brand building of their products. The scheme is primarily focused on increasing quality, industrial output and employment generation through incubation of e-com…
Two companies to migrate to BSE’s mainboard from SME platform
Two firms — Comfort Commotrade and Looks Health Services — will migrate to BSE’s mainboard from the stock exchange’s Small and Medium Enterprise (SME) platform. This will take the total number of companies migrating to mainboard platform to 18. In separate circulars, the e…
CareOnGo raises funds in pre-series A
B2B e-distribution startup CareOnGo has raised an undisclosed amount in pre-series A funding round led by Farooq Oomerbhoy of FAO Ventures. A consortium of investors including Anupam Mittal and Anand Mittal of People Group, Head of Flipkart’s ads Business Ravi Garikipati, Co-Founder of Unic…
Venture fund for product start-ups launched in Bengaluru
Ideaspring Capital, an early- stage venture fund by entrepreneurs for entrepreneurs, announced its official launch in Bengaluru on April 25. The Rs. 125-crore fund will focus on early-stage product innovation start-ups in the country in key areas, including machine learning & deep learning, c…