Passenger vehicle sales rise 20%; volumes at over 4 year high

Domestic passenger vehicle (PV) sales grew at 19.92 per cent in September, touching highest volumes in over four-and-a-half years, led by record sales in the utility vehicles segment.

DIPP taking steps to resolve problems faced by startups: Ramesh Abhishek

The industry department has identified roadblocks faced by startups and is in talks with other departments to resolve the issues to provide favourable policies for budding entrepreneurs.

‘Chain restaurants to become Rs 51,000 cr market by 2021’

The market for chain restaurants including cafes and quick service restaurants (QSR) is expected to grow at 20 per cent a year to reach Rs 51,000 crore (USD 8bn) by 2021, a recent report said.

‘288 start-ups cumulatively raised USD 1.36 bn in Q3’

Investors continue to adopt a "cautious approach" regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said.

Khadi may find way into government hospitals

During a meeting with Health Minister J P Nadda, KVIC Chairman V K Saxena made a request for measures to promote the use of khadi in hospitals.

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DIPP to hire consultants to push Startup India

The commerce and industry ministry is looking to engage consultants to promote the government's Start-up India campaign for budding entrepreneurs.

MSME proposals should be viable enough to attract bank funding

Country's MSME sector requires more financial support from the banks to set up businesses, but the business proposals will have to be viable to attract funding from the banks, a senior government offi

Government taking steps to boost MSMEs: Nirmala Sitharaman

MSME sector can strongly face the "impact of recession" and the government is taking all necessary steps to support and promote micro, small and medium units, Commerce and Industry Minister Nirmala Si

’60 large and medium industrial units set up Haryana in 2 years’

Sixty large and medium industrial units have been set up in Haryana with an investment of Rs 2,437 crore during the last two years.

SBI hopes to achieve 12% SME credit growth

Country's largest lender State Bank of India (SBI) hopes to achieve a 12 per cent credit growth for financing Small and Medium Enterprises (SMEs) in the current fiscal, a bank official said on Friday.

MSEB rapped for disconnecting power of small industrial units

A consumer court here has rapped the Maharashtra State Electricity Board (MSEB) for its deficient service, and asked it not to disconnect power supply to small scale units at an industrial estate in t

Sapphire Ventures closes $1 billion fund to back startups

Venture capital firm Sapphire Ventures has closed a $1 billion fund to invest in technology startups, becoming the latest investment firm to join a record-breaking clip of venture fundraising.

Startups to see turnaround in 1-2 years: Infosys co-founder Senapathy Gopalakrishnan

Funding challenges being faced by Indian start-ups is a "temporary phenomenon" and the sector is expected to turnaround in 1-2 years, IT industry veteran Senapathy Gopalakrishnan said today.

Investor group CAN to support 10 startups

Investor group Calcutta Angels Network plans to support 10 startups, including at least three three city-based ventures, in the remaining period of this fiscal.

KVIC launches garment range designed by Ritu Beri

The Khadi and Village Industries Commission (KVIC) today said it has launched garments conceptualised and designed by fashion designer Ritu Beri.

DigitalOcean launches ‘Hatch’ to nurture startups

US-based cloud infrastructure provider DigitalOcean on Thursday announced “Hatch”, a global incubator programme that offers startups access to its Cloud for a year, providing free technica

Lenskart raises funds from Premji Invest

Three months after its Rs 400-crore funding, Lenskart has raised an undisclosed amount from Premji Invest, the investment office of Wipro chief Azim Premji.

Startup Deadpool: Government says it’s only a lean phase

Despite reports claiming that a Startup Deadpool is an Indian reality, with as many as 800 new tech ventures closing shop or on death row in the past 3-4 years, the government contends it is only a le

KVIC bags order to supply post boxes to Uttarakhand

Khadi and Village Industries Commission (KVIC) today said it has bagged an order from the Department Post for supply of post boxes to Uttarakhand.

Close industrial units in residential areas: NGT

Irked over the menace of unauthorised industrial units running in residential areas here, the National Green Tribunal has directed the Centre and Delhi Government to close all of them in an East Delhi

NCR startups face funding crunch; attract just $170 million in 2016

Funding activity in the national capital region witnessed a slowdown with deals signed worth $170 million in 155 transactions so far this year, says a report.

KVIC hikes wages for spinners to Rs 5.50 per hank

Khadi and Village Industries Commission (KVIC) today said it has hiked the wages for spinners from Rs 4 per hank to Rs 5.50 per hank. In textile sector, a hank refers to a unit of yarn or twine that

Govt to provide benefits to small tea growers: Nirmala Sitharaman

Minister of State for Commerce Nirmala Sitharaman said in Lok Sabha that a proposal has been mooted to amend the Tea (Marketing) Control Order 2003 so as to define mini and micro factories and exempt

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Kris Gopalakrishnan sees 70% startups failing globally: 5 things he said

Kris Gopalakrishnan, Infosys co-founder, is of the opinion that only 5-10 per cent startups around the world will become large.

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NITI Aayog analysing all sick, loss making CPSEs: Babul Supriyo

"78, 70 and 77 CPSEs incurred losses during 2012-13, 2013-14 and 2014-15 respectively," Minister of State for Heavy Industries and Public Enterprises Babul Supriyo said in a written reply to the Lok S

E-commerce platform can give SMEs access to global markets: Rita Teaotia

E-commerce platform is fast emerging as a new trend in global trade and SMEs should use this medium to get direct access to the world markets, a top government official said today.

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‘Plug and Play’ offices the answer to office space woes of SMEs

To start a venture and turn it into a flourishing enterprise is the goal of SMEs. However, there are many challenges that SMEs usually face in their growth and operations.

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