SME

SMEs restrained by lower utilisation of installed steel capacity

While the major players are operating at a level of 81% of capacity, the SME sector is restrained by a much lower utilisation of installed capacity (68%), primarily due to raw material shortages in ir

Against Flipkart, Amazon: Small firms Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules

ShopClues co-founder and CEO Sanjay Sethi echoed similar sentiments and urged for an "expeditious implementation of the policy clarifications, leaving no scope for extension to the given deadline".

Flipkart, Snapdeal, ShopClues, FDI rules, Walmart, amazon, Suresh Prabhu, Sanjay Sethi, CAIT, ecommerce market

PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

Policybazaar.com became the first internet-based company in India to turn profitable on yearly basis from among the start-ups that have emerged in the last decade in FY17.

PolicyBazaar, health insurance, India retail health business, Softbank, InfoEdge, health insurance

Indonesia turns third biggest market for SoftBank-backed OYO after China and India

OYO's launched its Indonesia operations in October 2018 with more than 30 hotels and 1,000 rooms in Jakarta, Surabaya, and Palembang.

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Real-life Farmville: Rent a farm, grow your own organic vegetables

Another benefit is that Farmizen follows a natural farming methodology, heavily relying on mulching, indigenous microbe solutions, activation of local earthworms and multi-cropping.

Citadel Intelligent Systems: Finding the right connect in fibre optics solutions

The startup provides specific fibre optics solutions to various industries.

Uniphore: Aiming to be an Indian product MNC in speech recognition solutions

The speech recognition solutions provider is looking to become a global player and recently started operations in the US market.

Pathology lab chain Oncquest Laboratories to add 18 labs, 500 collection centres by end of 2020

Oncquest Laboratories Aditya Burman said that the company will be spending around Rs 50 crore through internal accruals to fund the expansion plans.

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Yellow Tie Hospitality gulps down casual dining brand Bombay Blue from Everstone Capital

Yellow Tie will revamp the brand to make it more relevant to the competition and customers experience and then relaunch it in a fast-casual family dining format.

Now Paytm Money users can track all their mutual fund investments on its app; claims over 1 million customers

Investors would have to upload their Consolidated Account Statement (CAS) generated via Karvy Fintech on Paytm Money to track their all investments in their portfolio on the Paytm Money app.

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In Modi’s flagship Startup India only 88 of 2,197 ventures got tax exemptions

Department of Industrial Policy and Promotion considered only 88 of the total applicants as certified for tax exemptions, implying a strike rate of mere 4%.

US asks India to protect Walmart, Amazon investments; seek concessions citing ‘good relations’

The US government is concerned about India's revised e-commerce regulations and has told officials in New Delhi the policy will hinder the Indian investment plans of Amazon.com and Walmart

india us talks, india united states talk, india us trade talk

Ayurvedic blast from the past: this startup is betting on nature to capture vast healthcare product market

Kapiva has over 40+ food products in its portfolio and has a presence in 10 cities via more than 4,000 outlets even as it sells through e-commerce marketplaces including Amazon and Big Basket.

How this startup is looking to leverage Cricket World Cup 2019 to accelerate growth

Sports social gaming platform Rooter has raised Rs 1 crore from early-stage venture capital firm Anthill Ventures to fast-track growth ahead of this year’s Cricket World Cup.

How Artificial Intelligence is poised to boost SME growth

Although SMEs account for nearly 30% of India’s GDP, employing about 460 million people, they continue to struggle in making their presence felt.

India’s Paytm may enter two more developed markets in 2019, says CFO Madhur Deora

Paytm has already found its footing in Canada and Japan, and several commerce and financial services verticals of the company have begun to churn out revenue and profits, Deora told the Reuters Global

IDFC fund, India SME Investments invest Rs 100cr into Citykart

The company has opened 40 stores on an asset light model in large retail malls across various small towns and cities in UP and Bihar during the past two years.

IDFC, SME Investments, Citykart, IDFC Private Equity Fund IV, UP, bihar

Govt should not come under pressure from e-commerce players: CAIT writes to PM Modi

CAIT’s national secretary general Praveen Khandelwal in a letter urged PM Modi to direct Commerce Ministry not to give in to the requests of e-commerce companies.

Sequoia follows in Blume, Axilor Ventures’ footsteps; launches program to invest $1.5 million in startups

Participants that have an idea or a presentation apart from early-stage startups that have a product-market fit and raised seed funding can also apply.

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RSS affiliate says Flipkart, Amazon circumventing laws, demands robust e-commerce policy

The RSS affiliated SJM has passed a resolution demanding a robust e-commerce policy to protect the interests of small shopkeepers.

Maruti Suzuki is looking to back your next big startup; here’s why?

Maruti Suzuki will allow startups with ideas in the areas of connected cars, shared mobility, autonomous cars, electric vehicle and its infrastructure etc., to apply.

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Indian startup ecosystem: 9 things that will define 2019

Given that, there has been significant Chinese investment in Indian startups, it should lead to having the confidence to enter the Chinese and Southeast Asian markets.

Ranking of states, UTs on startup development to be announced on Dec 20

One lakh jobs, 5000 firms by 2023: Tamil Nadu startup policy aiming for the sky

The Tamil Nadu govt is proposing to set up a Rs 250-crore fund for startups. The thrust areas include biotech, electronics, healthcare, etc.

tamil nadu, employment

Only 5% MSMEs have fully embraced digital technology, says Yes Bank survey

Lack of understanding in choosing the right technology solution and low impact on overall profitability are among the key challenges in adoption of technologies among MSMEs.

We will also challenge Ola and Uber for their monopoly in market: CAIT

Though the policy was there since last two years, it appears that the government was bit sleeping on the issue and was not very serious about its implementation, says CAIT.

E-commerce rules do not allow FDI in inventory-based model or multi-brand retail: DIPP

This NBFC raises $8 million amid rising clamour over liquidity crisis

LoanTap raised the amount via a combination of equity and debt instruments, between October to December 2018.

NBFC crisis, economic growth, GDP growth, Share of NBFC, public sector banks share

Angel tax: Startups find much-awaited relaxation in norms by govt to be half-hearted

In order to claim exemption as per the relaxed rules, startups and investors will be required to make an application via DIPP in a prescribed format along with the essential documents.

income tax, income tax return
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