From the Editor's Desk Why do we NOT feel the GDP growth in India right now? This article tries to address this question through the MSME story. India has over 45 million MSMEs (micro, small and medium enterprises). Financial data on these are hard to come by, but the RBI recently released financial averages of over 2.3 lakh small enterprises that are registered with the Ministry of Corporate Affairs (there are 15 lakh companies registered overall, only 6000 are listed in the stock markets). What we read about in the media is mostly about these 6000 odd large listed companies. While sales growth in listed firms dropped from 9.1% to 4.7% to 1.4% in the past 3 years, that of SMEs was 13.3%, 8.7% and 12% respectively. Net profits showed an even more contrasting trend, where SMEs showed growth (16%, 23.6%, 12.3%), while listed firms had negative growth (-2%, -5.1%, -0.7%). MSME's contribute 35% of India's GDP and are probably doing some of the heavy lifting right now - Comment
Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds.
Bike taxi startup Rapido raises funding from Hero MotoCorp’s Pawan Munjal, Google’s Rajan Anandan, Ankit Nagori, others Bangalore-based Roppen Transportation Services Pvt Ltd said on Tuesday it has raised an undisclosed amount in a pre-Series A round of funding from investors including Hero MotoCorp Ltd chairman Pawan Munjal and Google India managing director Rajan Anandan. People Group CEO Anupam Mittal, Smile Group founder Harish Bahl, former Flipkart chief business officer Ankit Nagori and Carnation Auto co-founder Kunal Khattar also invested in this round, the startup said in a statement. AdvantEdge Partners, Astarc Ventures and Tesellate Ventures invested, too.
Advt: The Power of a Great Digital Hospitality Experience A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).
4G war: Vodafone Pug vs Airtel Girl The fight for ad space on your television screens issued by leading telecom players Airtel and Vodafone for their 4G offering is just a precursor to the big war. With more players poised to enter the arena, is the player with the biggest ad budget going to win?
What is ICICI bank's secret to wooing so many startups? ICICI Bank on Tuesday also joined the startup bandwagon by announcing tie ups with 3 mobile based technology startups with whom the bank plans to integrate its own platform and offer innovative services to its customers.
Is slower growth in trade the new normal? In the recent past, gap between the volume of trade and services has not only narrowed, in fact growth in trade and services volume has been lower than the GDP growth in 2015 and is predicted to be lower in 2016 as well.
Resource crunch hits startups in Port City Even as the AP government is bringing out policies to attract startups to Vizag, the existing ones are facing a daunting task in securing human resources in various IT domains in the Port City.
Chat Bots, VR/AR, Drones; When marketing marries technology : Report MUMBAI: From Tata Motors taking India on its first ever virtual drive using Google Cardboard, Facebook allowing brands to message users using chat bots, to drones covering live gig at concerts --the last few months have been exciting in brand land. By themselves these events maybe little pockets of wonder, but they also point towards a larger paradigm shift in the way products will be hawked, how methods to attract consumers have evolved and are evolving. | Chat Bots, VR/AR, Drones; When marketing marries technology | Indian Television Dot Com
‘Insaniyat, Kashmiriyat and Jamhooriat’: PM Modi invokes Vajpayee; praises Mehbooba Katra (J-K): Prime Minister Narendra Modi on Tuesday invoked the famous quote of former Prime Minister Atal Bihari Vajpayee, 'Insaniyat, Kashmiriyat and Jamhooriat', as he pitched for taking ahead the growth story of Jammu and Kashmir. "People of Jammu and Kashmir had enormous faith in Atal Bihari Vajpayee. Very few leaders commanded such respect. He …
Govt Makes A U-Turn On Kohinoor Diamond Government tonight made a U-turn on the Kohinoor issue saying it will make all efforts to bring back the valued diamond it had said in the Supreme Court was "neither stolen nor forcibly" tak