New Delhi: The Union Cabinet has approved the much-awaited strategic partnership model which will allow local private sector companies to form manufacturing joint ventures with foreign defence equipment makers—a shot in the arm for the government’s ‘Make in India’ programme as well as efforts by …
Tag: Tata Group
Defence Ministry approves policy to create vibrant defence manufacturing ecosystem with MSMEs
New Delhi: The Defence Ministry on May 20 broadly finalised a much-awaited policy under which select private firms will be roped in to build military platforms like submarines and fighter jets in India in partnership with foreign entities. Seen as a major initiative, the ‘strategic partners…
How a start-up can take steps with a mentor
I got “wings to fly” from IBM, says Sandeep Singh Kolhi, Co-Founder of a patent searching and analytics tool Xlpat. The US tech major mentored the tool, apart from offering infrastructure, training and hosting the platform on their cloud. “With IBM technology and services aiding us, we could focu…
Ratan Tata to resume investing in start-ups
Tata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, Managing Director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retir…
Narendra Modi vows more reforms at Vibrant Gujarat Global Summit
Making a strong and impassioned case for reforms which have been initiated during his two-and-a- half years at the helm and those on the anvil, Prime Minister Narendra Modi used the platform provided by the Vibrant Gujarat Global Summit to sell India as the fastest growing major economy in the wo…
Israel’s OurCrowd looks to bring more Indian investors on board
Israeli crowdfunding platform OurCrowd is looking to bring Indian angel investors on board to fund companies in Israel and in other countries and has caught the interest of prominent angel investor Mohandas Pai as well as Indian crowdfunding platform LetsVenture. Pai said he is set to join the pl…
Large companies open purse for start-ups
The participation of large Indian corporate’s in providing financial backing to startups is growing, and while only firms such as Infosys and Wipro have set up dedicated startup funds, others are tracking disruptive technologies in their own sectors with clearance from their boards to sink …
Bluestone raises Rs 200 crore from IIFL, RB Investments
IIFL and RB Investments Pte have led Rs 200 crore Series D round in online jewellery retailer Bluestone at undisclosed valuation. Existing investors in the company Kalaari Capital, Accel and IvyCap Ventures participated in the current round. The company competes with Tata Group backed Caratlane i…
Uber looks to have its own payment wallet in India
App-based taxi aggregator Uber is keeping its options open to have its own payment wallet in India despite its current collaboration with Paytm that allows riders to pay digitally. We recently announced our partnership with Paytm and I think part of Uber’s success and strategy is to work wi…
Microsoft launches its online store with Tata CLiQ
Software giant Microsoft on June 13 announced the launch of its online store with Tata CLiQ — the e-commerce portal of the Tata Group — to sell a wide range of Microsoft products including tablets, personal computers, software and phones. “We are expanding our online presence th…