Edmmond Mesrobian, chief technology officer of UK retail giant Tesco, believes the Indian start-up system is an untapped opportunity and the company is keen for partnerships. Tesco globally has been working with start-ups in the US and the UK, and with the recent surge, the retail players wants t…
Tag: start-up
Reserve Bank smoothens the wheels for Start-ups
The Reserve Bank of India (RBI) released a statement on February 11 clarifying payment-acceptance rules, especially when it came to foreign currency, for start-ups. “A start-up in India with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange e…
Govt open to tweaking Start-up Policy | Jayant Sinha
The government is open to tweaking its start-up policy as it aims to encourage enterprenuers to start new companies and provide employment to a larger number of people, minister of state for finance Jayant Sinha said on February 10. “Policy making is a dynamic process. There are no full stops,” S…
Defence start-up to showcase drones at Make in India week
Z Axis Unmanned Machines Pvt Ltd, India’s first start-up catering to the defence, security and allied sectors, will showcase four categories of unmanned aerial vehicles (UAVs, or drones) at the Make in India Week to be held in Mumbai from February 13 to 18. Founded in 2015, Z Axis is the only sta…
B2B startups warm up to SMEs
Even as various e-commerce companies and organised retail run mega sales promotions in a bid to outdo each other, it’s the neighbourhood kirana store that’s been caught in the crossfire. This is what prompted Sahi Sani, a Traditional Distributor, to look into whether technology could …
Start-Ups must come up with ideas for manufacturing sector | Nirmala Sitharaman
Start-ups in India should look at high knowledge areas such as core sciences and space technology, said Minister of State for Commerce and Industries, Nirmala Sitharaman. Addressing a gathering of around 300 delegates, which included members from the Indian Electronics and Semiconductor Associati…
RBI proposes easier access to Foreign Capital for start-ups
The Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement, has proposed steps to improve ease of doing business for start-ups through easier access to foreign capital and by enabling smoother transfer of ownership. RBI Governor Raghuram Rajan said the central bank wants t…
Exclusive | Outgoing MSME Secretary outlines what to expect in the Budget
For someone who drove positive change at the MSME Ministry, there is optimism in the air. His eyes are focused on February 29 even as he is set to move on. He believes the coming Union Budget would announce path breaking set of policies that would unlock the latent potential of the sector. Meet t…
Start-ups seek PM intervention on net neutrality woes
The net neutrality debate in India goes back to December 2014 when Airtel decided to charge separately for Internet-based calls but withdrew the plan later after facing protest. Hundreds of startups including bigger players like, Zomato, Cleartrip, Paytm and their employees on January 25 approach…
States to come out with start-up policy
Encouraged by the Centre’s StartUp India initiative, several states including Uttar Pradesh and Chhattisgarh are planning to come out with their own policies to promote budding entrepreneurs. States like Kerala, Tamil Nadu and Karnataka have rolled out their respective policies and more are…