35 startups have chance to stand out among nearly 4 lakh startups in India; here’s how govt is planning

The Department for Promotion of Industry and Internal Trade (DPIIT) has invited applications for its first-ever National Startup Awards.

Industry News

Black Friday for Amazon: Blame Jeff Bezos’ firm for climate change, say French activists

Jeff Bezos’ Amazon is under fire again as protestors around France accuse the company of catalysing climate change. Several protestors were seen carrying banners asking Amazon to stop overproduction

Industry News

GST e-invoicing to help MSMEs secure loans faster

Another official said e-invoicing would help to generate invoice in a standard format, which can be read by any system and reporting of e-invoice to a central system becomes possible.

The IRP will also send the signed e-invoice to the recipient of the document on the email provided in the e-invoice. News

Paytm in talks to raise another $1 billion funding: Sources

Paytm had earlier this week announced a USD 1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price.

Paytm, Digital payments, David Cameron, Vijay Shekhar Sharma, Warren Buffett, Berkshire Hathaway, latest news on paytm News

Ariel, Tide, Gillette manufacturer hunts for ‘eco-friendly’ small businesses, startups; here’s what on offer

Credit and Finance for MSMEs: P&G is among a host of large enterprises in India focusing on startups in order to tap on their ideas, technology, and talent.

Industry News

Modi wants half of his $5 trillion economy from MSMEs; here’s how govt is bringing small biz together

Micro and small enterprises -- Cluster Development Programme (MSE-CDP) under the MSME Ministry to boost productivity and competitiveness of MSMEs developed 35 clusters between FY16 and FY19.

trade unions, employment News

Lend more to women, SIDBI tells how microfinance can boost women entrepreneurship

Credit and Finance for MSMEs: Lack of access to collateral and financial feasibility of the business deprives women of access to financial services. To overcome this, the disaggregation of women-speci

Even basic vocational training of the kind that the Skill India Mission endeavours to impart, such as in tailoring, driving, or essential computer skills, would go a long way in empowering these women. (Representational image) News

Forget spending big on marketing, branding; here’s what can get entrepreneurs more bang for their buck

Conversion rate optimization takes the already existing demand (traffic) and converts them into buyers at a higher rate. This is not only cost-effective but also yields a better RoI.

Mirum has come on board as a strategic digital and implementation partner for entire salesforce marketing Cloud stack News

Want to redesign the financial experience of youngsters: Rajan Bajaj, Founder, Slice | Interview

Issued in partnership with Rupay, the slice card can be used across 5 million merchants in India, online and offline. The average age of our customer is 22. Slice card is a zero fee card with no hidde

Industry News

Microservices will change the macro picture for tech firms

Under the microservices architecture, software systems are developed keeping each business application module independent

A change to any component shakes the entire application, making its adaptation quite difficult. News

Govt gets private tutor to coach fintech startups to make Modi’s digital payments dream come true

National Payments Corporation of India along with Government’s Department of Science and Technology and Hyderabad-based incubator T-Hub has launched an accelerator programme for fintech startups.

ekyc sebi circular, ekyc mutual fund, how to do kyc for mutual fund online, e-KYC using Aadhaar News

E-commerce for Bharat: Flipkart bets on Hindi speaking population to acquire users

Flipkart on Wednesday launched audio-based navigation feature in Hindi and English languages on its app to help first-time e-commerce users navigate through the app to shop online.

Industry News

More Chinese money for Indian startups: Alibaba’s Ant Financial plans new fund to invest in these areas

Ant Financial, which has backed large Indian startups such as Paytm and Zomato, would be focusing on startups in payments and online finance verticals.

Industry News

Unease of doing business: Despite positive intent, business-friendly environment still a long way to go

Ease of Doing Business for MSMEs: EoDB rankings are primarily based on data in Mumbai and Delhi. This may not be representative of how business is done in other cities.

Kolkata, Bengaluru, ease of doing business, ranking, DPIIT, Department for Promotion of Industry and Internal Trade, foreign investor News

Now book bus tickets on Amazon as Jeff Bezos company turns into mother of all apps

The company, which sells almost everything under 17 broad categories, is swiftly adding one service after another -- gradually becoming a super app -- one app housing several apps.

Industry News

Uber’s loss Ola’s gain? Here’s how Ola sweeping into Uber’s territory in London

Ride-hailing company Ola on Tuesday said it has started registering licenced drivers in London on its platform ahead of the launch of its operations in the city.

Ola, Ola Microsoft tie up, SoftBank, Ratan Tata, uber in india, Kia Motors, sachin bansal, Tencent Holdings News

Another blow for Zomato? After NRAI, 8,000-member strong AHAR boycotts Deepinder Goyal’s company

AHAR logout comes weeks after the National Restaurant Association of India’s (NRAI) logout campaign that reportedly saw over 2,500 restaurants delist themselves against Gold’s dine-in service.

Zomato, Zomaland, Zomaland Picnic, Events, Chaitanya Mathur, food-tech, online food delivery, online food delivery firm, Dubai, Toyata, TikTok News

Not just product delivery, logistics companies helping SMEs bring efficiency in supply chain, technology

Logistics for MSMEs: Logistics companies usually have a pan India reach. They cover even the hinterlands of the country and are helpful to the MSMEs in these areas.

Cafe SME News

Money lenders, friends, family, not banks the lifeblood for SMEs

Credit and Finance for MSMEs: Even as Indian MSMEs continue to struggle with access to low-cost credit, a majority 67 per cent of finance supply for small businesses in India comes from informal sourc

money myth, millennials, millennial money myths, most dangerous money myths, debts are bad, income tax, Lifestyle borrowing, stock market, cryptocurrency News

Oyo losses rise over 6 times to Rs 2,385 crore in FY19

Flipkart Internet posted losses of over Rs 1,000 crore, while Paytm’s parent company reported a near 165% y-o-y increase in losses to about Rs 3,959.6 crore.

oyo, oyo restaurants News

Government formulating policy on credit ratings for MSMEs, says Nitin Gadkari

The MSME sector, which is facing liquidity shortage is contributed 49 percent of India's total exports.

Nitin Gadkari, Digital data based credit ratings, MSME, rural areas, Vidarbha,  Maharashtra,  good credit ratings News

Shuttl raises $18 million from SPARX Group, Toyota Tsusho Corporation

The Amazon-backed company currently operates across six cities - Delhi-NCR, Kolkata, Pune, Mumbai, Hyderabad and Chennai. It serves over one lakh rides daily by operating over 350 routes and 2,000 bus

Industry News

Govt enhanced budget for key MSME marketing schemes in FY20, here’s how much has been spent

Nitin Gadkari had earlier this year announced that the government will be launching a dedicated portal -- Bharat Craft for the marketing of goods by MSMEs on the lines of Amazon and China’s Alibaba.

Maharashtra govt formation, Maharashtra government formation, Maharashtra politics, Maharashtra election results, nitin gadkari, shiv sena, shiv sena congress alliance, NCP, congress ncp alliance News

Adtech unicorn InMobi steps up to tap vernacular content market; acquires Tiger Global backed Roposo

India’s first unicorn Inmobi has acquired Tiger Global backed short-video platform Roposo for its mobile content arm Glance launched last year.

Industry News

How MSMEs in after-sales automobile accessory market is witnessing change in fortune

Despite the slowdown in the auto sector, the after-sales of auto accessories have created massive growth for MSMEs.

Private Car Vs Ola Vs Uber, cheaper ride, slowdown in auto sector, app based taxi services, finance minister, nirmala sitharaman, ओला और उबर News

India’s biggest unicorn Paytm commits $1.4 billion to penetrate deeper into hinterland; raises funding

Paytm announced raising its latest funding round of reportedly $1 billion at $16 billion valuation even as it faces intense competition from Walmart’s PhonePe, Google Pay, and Amazon Pay in hyper-co

Industry News

Paytm raises $1 billion in fresh funding from SoftBank, Alibaba’s Ant, others

The company will expand into insurance, lending and investments and invest 100 billion rupees ($1.39 billion) over the next three years to include more users in the country, Paytm said.

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