mPOS Solution Mosambee Raises $1 Million Seed Funding from SID...

NEW DELHI: SIDBI Venture Capital Fund, a subsidiary of (SIDBI), is planning to invest about Rs 150 crore of in the next 3-4 months. "Of the first disbursement (by the government) of Rs 500 crore, we have already committed Rs 350 crore," SIDBI ...

Banks give term loans, guarantees, establish letter of credits and offer both pre and post shipment funding; NBFCs give short and medium term loans and engage in asset financing including second hand goods/products. HIGHLIGHTS OF SPEECH OF ...

Under the MoU, SIDBI would not only help in income generation and employment creation in Egypt, but also provide much-needed boost to strengthen the ties between India and Egypt Small Industries Development Bank of India (SIDBI) signed a tripartite ...

The Central Government on Tuesday approved six foreign direct investment (FDI) proposals envisaging a capital inflow worth about Rs.732.77 crore in foreign exchange. According to a Finance Ministry statement here, the approvals, based on the ...

Sequoia Capital is set to inject another INR 1.20 billion (USD 22.09 million) into Indian kitchen appliances maker Stovekraft three years after first backing the business, according to the Times of India, citing several sources briefed on the ...

FY12 market size Rs 2,520 crore Growth rate 15% Total number of taxis 480,000 Radio taxis 15,000 Radio taxi fare Rs 20 per km* *** Circa 2005. A newcomer to Mumbai steps out of Chhatrapati Shivaji Airport to be greeted by a vast bank of ...

The Ministry of Micro, Small and Medium Enterprises operates a number of schemes to promote entrepreneurship. Under the Prime Minister's Employment Generation Programme (PMEGP) subsidy linked bank loan is provided to new entrepreneurs; under the ...

The Defence Ministry finalised a new procurement policy under which Indian public and private sector will be given first priority for military procurements and will help in plugging loopholes that allow corruption. To avoid scams such as the ...

The Asian Development Bank (ADB) and the Government of India signed here a $252 million loan to continue improving rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal. Top Stories Prevent round-tripping to stop ...