Leading payments company Innoviti Payment Solutions on July 12 announced financing of Rs 120 crore (~ $18 million) to further its vision of digitally organising the flow of money for businesses across the retail supply chain. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Soluti…
Startup Visa delay may impact Indian start-ups
Indian entrepreneurs and start-ups may face problems as the US government, under President Donald Trump’s administration announced to delay the ‘Startup Visa’ programme until next March. The government also intended to tighten the work visa rules to the Indian IT companies…
AI start-up Halli Labs to enter Google team as first Indian acquisition
Bengaluru-based Artificial Intelligence (AI) and machine learning start-up Halli Labs is all set to join global internet giant Google under its Next Billion Users team to help get more technology and information into people’s hands around the world, the team announced through its blog on Medium o…
Cabinet apprised of MoU between India & Palestine on cooperation in e-Gov, start-up ecosystem, others
The Union Cabinet chaired by Prime Minister Narendra Modi on July 12 has been apprised of the Memorandum of Understanding (MoU) between India and Palestine on Cooperation in the field of Information Technology and Electronics (IT&E). An official release by Ministry of Information and Broadcas…
DIPP drafting new “future ready” industrial policy with MSMEs, innovation & taxation on its mind
With Industrial Revolution 4.0 knocking on doors, Department of Industrial Policy and Promotion (DIPP) is gearing up to step up the 1991 Industrial Policy of India with its thought over mid and long-term targets for the new industrial policy. The reforming new industrial policy for a “future read…
SIDBI launches Certified Credit Counsellor programme for MSMEs
SIDBI has launched a programme for Certified Credit Counsellor for MSME on July 11. The program was launched by S S Mundra, Deputy Governor at Mumbai and attended by senior officials of RBI, banks and other stakeholders concerning MSME including from industry associations. MSMEs sector faces seve…
FDI in e-Comm & start-ups contracts over 65% in CY2016: Kotak report
According to the report, about 13 e-Commerce companies which raised a total of around $3.46 billion in 2015 managed to receive just $1.31 billion in 2016 in FDI inflows.
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Tech start-up funding touches $5.56 b in first half of 2017: Report
Over $5.56 billion was invested across 452 Indian tech start-ups during the period January-June 2017. While in Q1 2017 about $1.46 billion was invested across 206 start-ups, Q2 witnessed 217 deals amounting to $4.1 billion in funding.
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EY India launches free of cost GST Helpdesk for small businesses
Built by the EY GST domain experts, EY GST Helpdesk is a free of cost service for small businesses, traders and entrepreneurs wherein information seekers can post their queries.
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‘SIDBI has touched lives of more than 360 lakh people in MSME sector’
Small Industries Development Bank of India (SIDBI) has touched the lives of more than 360 lakh people in the MSME sector, directly and indirectly through various credit measures, informed officials in the 19th Annual General Meeting of SIDBI on July 07, 2017, in Lucknow. In the meeting, Ajay Kuma…