• ELECTRONICS
    Indian govt steps up focus on electronics exports, new policy to outline measures

    The government is drafting the upcoming National Electronics Policy (NEP) with an increased focus on exports as it looks to harness the local capacity in electronic goods, including smartphones built for the domestic market, a top official told ET. The idea is to ensure that there is no excess manufacturing capacity and instead utilise the same to build products for customers […]

  • ELECTRONICS
    Govt tightens quality checks on imported electronics; smartwatches, CCTV cameras also under scanner

    To check the flow of sub-standard goods in the country, the Ministry of electronics and information technology (Meity) has added 13 more items including smartwatches and CCTV cameras, to the list of imported electronics that will have to undergo stringent quality checks, reports Mint. The 13 new items were added on August 17 to the Electronics […]

  • NEWS
    Ola gets notice from Karnataka govt on complaints over peak hour charges

    On 1 June, the state transport department gave an undertaking to court not to impound Ola. Photo: Mint Bengaluru: Barely a month after cab aggregator Ola received a permit under the Karnataka On-demand Transportation Technology Aggregators Rules 2016, the state transport department has issued a show cause notice to the company over complaints of charging […]

  • NEWS
    Govt defines e-commerce marketplace rules, allows 100% FDI

    The government notification on e-commerce models is expected to redefine the way online retail is done in India. Photo: iStockphoto New Delhi: The government on Tuesday allowed 100% foreign direct investment (FDI) in online retail of goods and services under the so-called “marketplace model” through the automatic route, seeking to legitimize existing businesses of e-commerce […]

  • ALL DEALS
    Govt hikes funding for start-ups, Flipkart invests more in Myntra

    Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]

  • NEWS
    Five-fold hike in govt budget for funding startups

    In the 2016-17 financial year, the government will provide seed capital to 50-80 new ventures with funding ranging from Rs.50 lakh to Rs.1 crore per company. Photo: Priyanka Parashar/Mint New Delhi: A five-fold hike has been made by the government in its budget for funding startups in the next fiscal, a move which is in […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    HC pulls up Delhi govt for inaction against school admission malpractices

    Two bodies representing private schools questioned the powers of the Delhi government to issue notifications without approval of the Lt. Governor of Delhi. Photo: HT New Delhi: The Delhi high court on Friday asked the Delhi government why it had not investigated or taken any action against alleged malpractices by private schools in the admission […]

  • NEWS
    Govt plans start-up center for capital goods sector

    Photo: Mint Mumbai: The Indian government has decided to create a ‘start-up centre’ for the capital goods industry and will also launch a technology development fund for the sector. The ministry of heavy industries and public enterprises, on Monday, while announcing national capital goods policy 2016, said it will create a start up centre for […]