Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
Tag: MSME
Red Hat mulls more investments in startups to push growth
IT firm Red Hat is actively looking at investing in start-ups working on innovation, infrastructure and open source technologies to further accelerate its growth in the country. Red Hat, which has invested in start-ups in India and Israel, is also expanding its workforce in the country to cash in…
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…
Engineering college sets up business incubation centre
S.A. Engineering College, Chennai, has set up an incubation centre for entrepreneurship development on its premises. The centre functions in association with the Ministry of Micro, Small Medium Enterprises, the Bharatiya Yuva Shakti Trust, the Confederation of Indian Industry, ITCOT, EDI, SIDCO a…
Rs 22,595 crore so far initiated from Tamil Nadu’s global investors’ meet
Tamil Nadu government has said that 45 projects worth around Rs 22,595 crore has so far been initiated from the investment memoranda the government has entered with the companies in the Global Investors’ Meet, 2015. The government has taken all steps to support the companies, which signed m…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
The football mind launches a football e Commerce portal
Rapidly growing football networking portal The Football Mind has officially launched an E- commerce section on their web portal. With an ever growing interest for the game, the Football Mind has augmented networking of football in India and the world. This integrated e-commerce portal will avail …
Uber kicks off uberAUTO service in Bhubaneswar, Coimbatore
Uber, the smartphone app that matches riders with drivers, launched uberAUTO in Bhubaneswar and Coimbatore. “Auto-rickshaws play a big part in city transport, and uberAUTO will help transform the existing transportation options by using the best-in-class technology,” a release from Ub…
OLA to make wi-fi services available across categories soon
Transportation app Ola will soon extend Wi-Fi services to users across segments including Micro, Mini and even autorickshaws. The Bengaluru-based firm currently offers in-car Wi-Fi services to users of its Prime category. Ola today announced the launch of Ola Wi-Fi that will allow users to auto c…
Fitcircle ties up with insurance brokers to reach out to their clients
Chat-based health and fitness platform FitCircle has tied up some of India’s leading insurance and health brokers including Aon, United Healthcare, MediManage and Marsh to reach out to their corporate clients. The target is to reach out to 2,000 companies over the next three years, FitCircl…