The International Financial Corporation (IFC) is planning to invest Rs 50 crore in Ujjivan Financial Services Ltd, a microfinance company that lends to urban and semi-urban poor, especially salaried and self-employed women.
YM Deosthalee of L&T Infotech offers views on the various aspects of the SME sector and its potential to contribute significantly to the Indian economy
EFS Facilities Services, a UAE-based group acquired Dalkia India Pvt Ltd, a facility management service provider for an undisclosed amount.
The terms 'social media' and its affiliates 'social network', 'social graph', etc have gone through a transition; from being jargon to cliches. Also, social media marketing has shed its tag of being 'snake oil sales' to becoming an integral part of any organisation's marketing and customer reach strategy.
Kenscio Digital Marketing, a digital direct marketing company, expanded by setting up larger facilities in New Delhi, Mumbai and Bangalore, to meet increasing customer demand. It also appointed Hemant Patel, director of Data Services for Mumbai.
Ivalue Infosolutions, the Bangalore-based IT solution provider, was appointed national value-added distributor (Vad) by Arrayshield, a pattern-based two factor authentication solutions provider.
The one most important factor for deriving the best from professional managers is â€œempowermentâ€, in absence of which the promoter entrepreneur can take it for granted that the professional manager will be practically defunct and the whole purpose of getting the professional manager in the team is lost.
Wipro Limited acquired Australia-based Promax Applications Group (Pag), an analytics company specialising in trade promotion for Rs 192 crore (A$35 million). The sale was made through its IT services arm Wipro Technologies in an all-cash deal.
Regen Powertech, a Chennai-based wind turbine manufacturer, promoted by the Nuziveedu Seeds Group received Rs 52 crore from TVS Capital and existing investor, Summit FVCI. The funds will be used for expanding its manufacturing capacity at its Udaipur plant, as well as for project development.
Louis Vuitton Moet Hennesy (LVMH) bought 8 percent stake in Fab India, the Indian clothes and lifestyles products retailer. The stake sale saw the exit of Wolfensohn Capital Partners exit from the company.
MIH Group acquired 51 percent stake in Gurgaon-based Tek Travels Private Limited, which owns B2B travel portal Travel Boutique Online.
Adhunik Metaliks Limited, sold its forging subsidiary, Neepaz V Forge, to Nagpur Automotive Industries Private Limited for Rs 230 crore ($44 million), outlaying a strategy to divest non-core assets.
Metroplots, the Chennai-based start-up, which runs property transaction portal Metroplots.com, raised its second round of angel funding from existing investors from Chennai Angels, as well as a new investor, Vardhman Jain.
Marketing a social enterprise is a bit of tight-rope walk, and requires a fine act of balancing the positive social impact you are trying to create and awareness you would want to build.
MSMEs in India have always been a growing sector in the Indian economy. However, the importance of reforms for the MSME has never been a continuous issue for the policy makers and stakeholders.
United Mobile Apps (Uma), a 4G technology company, that provides next generation wireless deployments, got a $1 million infusion from Mumbai Angels, an angel network in India.
When running a small or medium scale enterprise there is a positive expectation that business relationships between parties are successful and that opposite parties will live up to the word and spirit of business dealings agreed between the parties.
Increased automation powered by innovative applications of cloud computing act as key growth boosters for the wellness industry, says AMI study.
Talentsprint, a provider of employability programs using experiential learning and a proprietary technology platform developer raised Rs 20 crore in Series-A equity funding from Nexus Venture Partners.
Epson has unveiled their first Workforce branded series of printers designed for small to medium business use.
The Maharashtra government is scouting land in Marathwada region to set up three solar energy plants as part of its efforts to augment electricity generation in the state.
Planning Commission Deputy Chairman Montek Singh Ahluwalia said tea would be declared as national drink by April next year. This could have positive impact for the entire supply chain of the tea industry.
The Saurashtra Vyapar Udhyog Mahamandal (SVUM) urged the Centre as well as state government to set up an IT park in Rajkot.
The Government of India enterprise KIOCL (formerly Kudremukh Iron Ore Company) has expressed interest in setting up an integrated steel plant in Anantapur district of Andhra Pradesh subject to granting of iron ore mining lease.
Meghalaya is the largest producer of strawberry in the North-East and is the sixth largest producer of the 'fruit of love' in the entire country. This was disclosed by officials at a strawberry festival held in the state.