Icreate, an autonomous start up support institution will organize a one day event – Whatnext 2016 that will bring together a variety of opinion leaders, policy designers, successful entrepreneurs, academicians and leading investors to share the experiences and their vision in creation of a …
Tag: SME
Four Indian startups selected by Airbus BizLab accelerator
Airbus BizLab has selected four startups from India for its six month business accerator program. These are Blue Morfo, Shoonya Games, Qualitas and Open Turf. These four companies were selected from about 80 startups that had applied to the call for proposals in Bengaluru. Apart from these, Velme…
Vodafone Business Services bets big on SME segment
Vodafone Business Services (VBS), Vodafone India’s enterprise arm, unveiled its growth strategy to double its target of the Small and Medium Business segment (SME) in the country, specifically Karnataka. In line with government’s vision of Digital India and Make in India, VBS aims to …
Suzlon bags 81.90 MW Turnkey orders
Suzlon said it has won orders for a combined capacity of 81.90 MW across various segments including textile, chemical, food and agro in the domestic market. “The orders have been received from an assortment of customers representing SMEs across diverse industry segments including food and a…
CII to launch exclusive website to enable SME Finance
Confederation of Indian Industry will be launching an exclusive website for non-members within a month for fostering entrepreneurship, through its SME Finance Facilitation Centre. Having forwarded loans to the tune of Rs. 650 crore to 120 SME units in manufacturing, IT, ITES and other areas since…
Coal Ministry to auction 16 mines for MSME use
The Ministry of coal has earmarked 16 mines for allocation to states for sale to Micro, Small and Medium Enterprises (MSMEs). This is also a step towards the government’s effort to open the coal sector beyond the monopoly of Coal India Ltd. The 16 mines will be allocated through auction. Th…
SMEs, MSMEs turn to peer-to-peer lending as bank credit dips
Prolonged slowdown in the corporate sector and the rising bad loans has forced banks to squeeze funding to Micro, Small and Medium Enterprises. As a result these small businesses are increasingly turning to online platforms to raise funds. These online portals works in the space of peer-to-peer l…
RBI revises rules for resolution of stressed MSME loans
The Reserve Bank of India on March 17 revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committees to resolve stressed loans to Micro, Small and Medium Enterprises (MSMEs). “In order to enable faster resolution of stress in an MSME …
Global IT giants handhold MSMEs in Uttar Pradesh
Global IT majors including Facebook, Amazon and Microsoft are lending a helping hand to the beleaguered Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh to sharpen their competitive edge. These marquee brands are offering their domain expertise to prepare the MSMEs compete at th…
Qlivery raises $230,000 from Hong Kong-based swastika
Qlivery, a cross segment on-demand concierge service, has raised $230,000 from Hong Kong-based Swastika. “Funds raised will be utilised to expand the team, geographical reach and add customers. The team believes technology and analytics is the heart of the business and thus, a substantial a…