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SIDBI to Support Banks/NBFCs in MSME Refinancing, Resources
Small Industries Development Bank of India (SIDBI), the apex body for the development of MSME sector, has identified four major gaps in financing MSME sector in India that impacted the viability and sustainability of the sector. The four areas are risk ca
May 17, 2013 | comments ( 0 )
IndiaMART Launches Mobile Site to Help SMEs Find Suppliers on-the-go
The emergence of m-economy is evident from 919 million mobile phone subscribers, 40 million smartphone users and 48 million mobile Internet users in the country today. Taking the lead in bringing this mobility to Indian SMEs, IndiaMART.com, India’s larges
May 17, 2013 | comments ( 0 )
Managing Human Capital a Top Challenge for CEOs: Survey
A FICCI-The Conference Board CEO Challenge Survey 2013 drew responses from over 700 CEOs, Presidents and Chairmen across the globe, 60 of them from India. \r\n \r\n
May 16, 2013 | comments ( 0 )
State Bank of Patiala Opens First Ladies Specialised Branch
State Bank of Patiala converted one of its prestigious branches at Model Town, Bathinda, as “Ladies Specialised Branch”. The branch is wholly staffed by ladies only. This is first branch in State Bank of Patiala to be christened as ladies specialised br
May 15, 2013 | comments ( 0 )
Indian Entrepreneurs Show Never-Say-Die Attitude: Survey
The country’s small and micro businesses are displaying unwavering entrepreneurial spirit despite an overhang of low credit, government apathy and continuing economic slow-down, says a new research commissioned by Regus, the world\'s largest provider of f
May 15, 2013 | comments ( 0 )
Madison Street Capital India Partnered With IICA to Promote Corporate Growth
Madison Street Capital India (MSCI) and the Indian Institute of Corporate Affairs (IICA) have formed a partnership to provide businesses in India with access to training and consultation on corporate governance and sustainable growth models. The announcem
May 14, 2013 | comments ( 0 )
NASSCOM Announces Product Council to Boost Software Industry
As a next step to achieving its 2020 vision outlined by the Narayana Murthy Committee, National Association of Software and Services Companies (NASSCOM) today announced the launch of the Product Council 2013-15. Ravi Gururaj, Charman & Co-Founder, Frictio
May 14, 2013 | comments ( 0 )
Indiaproperty.com raises $10-12 million
India\'s leading portal to buy and sell residential property, Indiaproperty.com, has raises another $10-12 million.Chief Executive of Indiaproperty.com Ganesh Vasudevan said that last year, the company had raised $7 million from Canaan and Mayfield.
May 13, 2013 | comments ( 0 )
Young Indian entrepreneur wins prestigious Thiel Fellowship
Oravel.com founder Ritesh Agarwal, a VentureNursery Season-1 acceleration programme graduate has made it to the list of the prestigious Thiel Fellowship winners 2013 in the US. The 19-year old Agarwal will get a $100,000 two-year fellowship.
May 10, 2013 | comments ( 0 )
Mega conclave for MSMEs to be held in Lucknow
The state capital of Uttar Pradesh, Lucknow will be hosting a mega conclave for MSMEs called ‘Uttar Pradesh Udyami Mahasammelan 2013’ in order to boost their growth.
May 10, 2013 | comments ( 0 )
OCS Group picks up minority stake in CISS
International facilities services provider, OCS Group, has taken a minority stake in Central Investigation & Security Services Ltd. (CISS) after its acquisition in engineering and housekeeping companies last year.
May 09, 2013 | comments ( 0 )
TN announces incentives for MSMEs’ development in the state
Chief Minister of Tamil Nadu, J Jayalalithaa on Tuesday announced a slew of schemes and incentives in order to boost MSMEs in the state.
May 08, 2013 | comments ( 0 )
SEBI approves $10 m angel fund for Startup Village
In a major boost to the country\'s first telecom incubator Startup Village, market regulator SEBI has approved the Startup Village angel fund of $10 million that could go up to $20 million with a \'Green Shoe\' (over-allotment) option.
May 08, 2013 | comments ( 0 )
VC firm Exhilway Private Capital Market to raise $1 bn
Exhilway Private Capital Market, a growing venture capital firm in India will raise $1 billion or little close to Rs 5,000 crore this year from the open market to fund its over 50 portfolio companies lined up for funding this year. The company made the an
May 07, 2013 | comments ( 0 )
Goldman Sachs invests $110 m in DEN Networks
Indian cable distribution company, DEN Networks Limited has secured an equity investment of $110 m (approximately Rs 600 crores) from the global investment bank and active investor in cable and broadband, Goldman Sachs.
May 07, 2013 | comments ( 0 )
MSME Ministry Launches $4m Project to Promote Clean Energy Among SMEs
The MSME Ministry has launched a $4-million project in association with the Global Environment Facility (GEF) to promote energy efficiency and renewable energy among small and medium enterprises.
May 04, 2013 | comments ( 0 )
Funskool ranked among top 100 Indian SMEs
Toys and gaming brand Funskool India Ltd, has been selected as one of the top 100 SMEs of India amongst an overwhelming 40000+ nominations filed by SME’s across India.
May 03, 2013 | comments ( 0 )
RBI Hikes Cap on MSME Credit, Widens Scope for PSL
The Reserve Bank of India has more than doubled the limit for the Micro Small and Medium Enterprises (MSME) advances to the services sector to Rs 5 crore and announced three changes to the Priority Sector Lending (PSL) norms.
May 03, 2013 | comments ( 0 )
$1-bn Innovation Fund Announced by Govt
The Indian Government has outlined a plan to set up Rs 5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, said the top official.
May 03, 2013 | comments ( 0 )
Pramati Acquires WaveMaker Assets from VMware
Pramati, a software engineering firm and incubator of innovative technology companies that address new business opportunities in cloud, mobile, social and big data, has officially announced the acquisition of certain assets of WaveMaker from VMware. WaveM
May 03, 2013 | comments ( 0 )