With a number of startups, some big names from food tech, shutting shop and over 100 getting snapped up in mergers and acquisitons, the theme at a panel discussion at International Management Institute (IMI), New Delhi, for its startup summit Emerge was apt: Is consolidation of startups a sign of…
Tag: KPMG
Single-window clearance facility to entrepreneurs soon: UPSIDC MD
To ease the process of setting up and running businesses in the state, the Uttar Pradesh government will soon provide single-window clearance facilities to entrepreneurs, while projects pending approval at the Uttar Pradesh State Industrial Development Corporation (UPSIDC) head office are expecte…
E-retail, allied sectors to create 1.45 mn jobs by 2021: Report
India’s e-retail and allied sectors including logistics, warehousing and IT/ITeS are expected to create about 1.45 million direct jobs by 2021, a joint report by Snapdeal and KPMG said. Logistics and warehousing sector is expected to be the largest contributor creating direct employment opportuni…
Currency Switch Impact | How India’s internet commerce industry is coping currency recall
In the two weeks since the government announced its demonetisation initiative, India’s internet commerce industry has scrambled to adjust. Internet entrepreneurs have applauded the move, ostensibly for its long-term payoffs, although online marketplaces and logistics startups have been hit hard b…
Currency Switch Impact | New entrepreneurs dominate small hydrocarbon fields auction
India received bids for about 34 of the 46 small oil and gas blocks offered in an auction that ended on November 21, mostly from local private companies, many of them new entities venturing into the hydrocarbon industry under a liberal contractual regime that the government offered to woo investm…
IDFC Bank & SME MaXX come together to boost Indian SMEs in e-Commerce
SME MaXX, India’s leading SME success services company, announced collaboration with IDFC bank to enable Indian SMEs set up an effective e-Commerce channel for their business. As a part of the collaboration IDFC bank will sponsor a series of e-Commerce workshops in major Indian cities. E-Co…
GST to provide MSMEs level playing field
Ahmedabad: The Goods and Services Tax (GST) Bill will boost the competitiveness of MSMEs and create a level playing field for organized and unorganized sectors, said experts at a manufacturing conclave held by Confederation of Indian Industries (CII) on September 27. “One of the major benef…
Focus on MSMEs for creation of jobs, says CEO of KPMG India
As India looks to grow at over 7% in the next two years, it will have to focus on sectors like tourism, retail, textile, leather and construction to create more jobs, said Richard Rekhy, Chief Executive Officer of KPMG India. As per government data, only 1,35,000 jobs were created till October la…
Healthcare startups attract 8% B2C investments: Study
The road ahead for India’s healthcare sector is set to be revolutionised with the rising base of healthcare startups that recognize the need for making quality healthcare accessible to India’s billion plus population, according to a joint study by FICCI and KPMG in India titled –…
Ease of doing business rankings rankle states
A fierce competition has broken out among states on the ease of doing business rankings, with states contesting every point, while some have even hired top consultants to keep tabs on the entire process. States want these consultants, including PwC, EY and KPMG, to not just help them with their o…