Government increases support for exports to Latin America

In a major push to market development in Latin America, Government has removed the upper ceiling with regard to eligibility for Market Development Assistance (MDA) for participation in Buyer-seller Mission BSMs/fairs/exhibitions abroad to explore new markets in focus countries of Latin America for export of their specific product(s) and commodities from India in the initial […]

Bangalore leads in entrepreneurship race in Nasscom’s start-up program

India’s National Association of Software and Services Companies (NASSCOM) has received an overwhelming response to its start up funding program. No less than 14,000 wannabe entrepreneurs registered. In all about 4,000 applications were received for funding. Early stage funding is typically called ‘angel funding’. Out of the total applications received, close to 23 per cent […]

Q4 GDP GROWTH – REACTIONS

There seemed to be not as much shock as expected from the surprisingly low 4.8% GDP growth number recorded for the March quarter. While industry associations took the chance to remind the government of the need to ease money flow into the economy, Angel Broking even said the current year growth will be only 5.8%, […]

India Ratings downgrades Educomp on declining profits and revenue

Once the darling of the Indian stock markets, India’s biggest education tools provider Educomp Solutions Limited has been downgraded by ratings agency India Ratings & Research on account of declining revenue and profits. “Educomp has reduced the pace of its growth in the hitherto upfront capital intensive smartclass business (multimedia education to private schools) as […]