ALL DEALS 
March 11, 2016 Govt may form panel to select start-ups eligible for incentives
In August, while delivering the Independence Day address from the ramparts of the Red Fort, Modi floated the slogan “Start-up India, Stand up India” to encourage innovation and entrepreneurship among young people. Photo: Bloomberg New Delhi: The government is likely to set up an inter-ministerial board on the lines of the Foreign Investment Promotion Board […]
NEWS 
March 11, 2016 Car pooling app Orahi raises Rs3.5 crore from IAN
The Orahi app allows private vehicle owners to choose passengers travelling in the same direction. The service costs Rs.3.5 per km, out of which Rs.3 goes to the car owner while 50 paise is earned by Orahi. New Delhi: Gurgaon-based Phonon Solutions Pvt. Ltd, which owns and operates car pooling app Orahi, on Thursday said […]
NEWS 
March 11, 2016 Amrita University’s incubation centre to invest $120,000 in four start-ups
According to the Amrita University’s incubation centre, it has so far mentored 181 start-up ideas, built 31 products, filed for five patents and trained 6,700 students, and incurred zero loss from its investments. Chennai: Four start-ups have won seed funding worth a total of $120,000 (Rs.80 lakh) from Amrita Technology Business Incubator (TBI), supported by […]
NEWS March 11, 2016 SBI launches specialized branch for start-ups
Chairperson of SBI Arundhati Bhattacharya and managing director Rajnish Kumar, National Banking Group (NBG) launch SBI Exclusif and SBI InCube. Photo: AP Bengaluru: State Bank of India (SBI), India’s largest lender, on Thursday opened a specialized branch—SBI InCube—that will cater to the specific financial needs of start-ups. The branch will assist start-ups in cash management, […]
ALL DEALS March 11, 2016 Domestic venture capital funds proliferate as HNI interest in start-ups grows
Anil Joshi, co-founder of Unicorn India Ventures, says the number of people who see start-ups as an investment asset class has grown in the last one-and-a-half years. Photo: S. Kumar/Mint Mumbai: Domestic early-stage venture capital (VC) funds are proliferating in an effort to tap increasing demand from rich individuals and investment offices of business families […]
ALL DEALS March 11, 2016 As start-up funding slows, venture capital firms back in the driver’s seat
Even some well-funded start-ups are feeling the heat. Last week, grocery delivery start-up Grofers shut operations in nine cities, citing poor demand. Photo: Ramesh Pathania/Mint Venture capital (VC) firms are again wielding strong control over their portfolio companies, as a funding slowdown helps shift power back to the investors after more than a year when […]
ALL DEALS March 11, 2016 Start-up India: NDA’s targeting of youth aspirations
Modi had announced the Start-up India Stand up India initiative from the ramparts of the Red Fort on 15 August last year. Photo: AFP New Delhi: Prime Minister Narendra Modi will launch the government’s Start-up India scheme and unveil an action plan on Saturday in yet another initiative to provide support to entrepreneurs. The scheme, […]
ALL DEALS March 11, 2016 The irony in the start-up world
It’s not that Indian start-ups don’t know the value of the India market, except they do it from the outside-in. Some of the more successful Indian start-ups are now incorporated outside—Flipkart and Practo are both Singapore incorporated. Here is something I find most amusing. Global start-ups have found gold in India, while Indian start-ups continue […]
ALL DEALS March 11, 2016 Three Indian B-schools in FT’s Global MBA Ranking 2016
Among the three, Indian Institute of Management-Ahmedabad tops the list and is the 24th best B-school globally, followed by the Indian School of Business-Hyderabad (29th place) and the Indian Institute of Management-Bangalore (62nd place). Photo: HT Three Indian business schools figure in the annual Global MBA Ranking 2016 of the Financial Times. Among the three, […]
ALL DEALS March 11, 2016 AICTE reduces land requirement for opening engineering schools
National Institute of Industrial Engineering. Mumbai Students coming out of their classroom. Main building seen behind. New Delhi: Technical education regulator the All India Council for Technical Education (AICTE) has reduced the land requirement to set up engineering schools, along with ushering in measures to improve quality, facilitate closure of ailing schools and tide over […]
ALL DEALS March 11, 2016 Engineering admissions fall for first time since 2006
Low capacity utilisation in labour-intensive manufacturing sector and fall in exports have to led to sluggish job creation in the economy. Photo: Hemant Mishra/Mint New Delhi: The growth of technical education in India since Independence has been phenomenal as the number of engineering seats increased from 3,200 seats in 1947 to 1.9 million in 2014-15. […]
NEWS March 11, 2016 UGC asks varsities to set up students counseling system
The UGC letter said that the counseling system should bridge formal as well as communicative gaps between the students and the institution at large. New Delhi: The University Grants Commission (UGC) has written to all universities to put in place a “students counseling system” for redressal of problems and challenges faced by students in the […]
