SME

Uber launches second India centre of excellence in Visakhapatnam

Uber claims the centre will create 500 jobs. “India is definitely a very big market for us,” Wen-Szu Lin, senior director, community operations for Asia Pacific at Uber told FE.

Uber, Wen-Szu Lin, Swiggy,  Zomato, Uber Technologies, Uber community, Dara Khosrowshahi News

Govt purchases from MSMEs exceed minimum procurement limit again; here’s how many businesses benefitted

Central Public Sector Enterprises (CPSE) have exceeded the minimum procurement threshold of 25 per cent goods and services from micro and small enterprises (MSE) under Public Procurement Policy.

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SoftBank’s 300-year plan: Why OYO is central to Son’s ‘Vision’ after WeWork debacle

Amid WeWork’s implosion and uncertainty in success of SoftBank’s other companies ahead, the leftover criticism and scrutiny are targeted at Indian decacorn (a startup valued at $10 billion or more

Industry News

Credit growth to small businesses remains flat despite govt’s push; here’s what RBI data shows

Credit and Finance for MSMEs: Finance ministry in June this year directed heads of public sector banks to do an in-depth analysis with respect to challenges faced by MSMEs in accessing credit and the

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Freelance economy: Why part-time workforce is new normal for entrepreneurs to cut cost, attract talent

A major driver of the gig economy is the quest for work-life balance. Younger professionals lay great emphasis on family life and personal aspirations.

employability,GDP,employability crisis,industrial training program,classroom training,education system, News

Xpay.Life: Now pay your bills in a jiffy

While collaborating on a number of projects for XIPHIAS Software Technologies, the co-founders perceived an opportunity to explore new ways of approaching product development and village commerce.

(L-R) XPay founders Rohit Kumar and Bohitesh Misra News

Twid: Millenials’ new mode of payment

The platform seamlessly pools multiple loyalty/reward points of banks, retail, entertainment, F&B, travel, etc., and enables consumers to access them at one place and pay with them everywhere.

Amit Koshal, the co-founder & CEO, Twid News

Not only Amazon, Flipkart, banks, brands too part of ‘unholy’ nexus of discounting, CAIT to Piyush Goyal

Several Banks are giving cashbacks, incentives, and various other offers on purchase of goods from Amazon and Flipkart through their credit or debit card, said CAIT.

CAIT alleged that MNCs and domestic Corporate Companies are with e commerce companies like Amazon & Flipkart in game of predatory pricing and deep discounting  News

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

Skill India Scheme, PM Modi, Pradhan Mantri Kaushal Vikas Yojana PMKVY 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.

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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.

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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

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