Search Result for : Innovation

The Dollar Business Bureau   The Government has introduced some slight changes to the definition of start-up and said that an entity not older than 7 years will now be eligible to get benefits under the ‘Start-up India’ Action Plan. Currently, only businesses incorporated five years back were eligible for sops under the Action Plan, which was announced by the government in 2016. According to the new definition, an enterprise with a turnover of less than Rs.25 crore shall be considered a startup if it has not finished 7 years from its date of registration/incorporation. However, for the start-ups in biotechnology sector, this period shall be 10 years, a notification by the Ministry of Commerce and Industry said. “An entity shall be considered as a startup if ...

PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...

PTI Microsoft's India-born chief Satya Nadella on Wednesday attempted to allay concerns over the increasing use of technology in public life and said building trust was crucial to its utilisation as a tool to "empower" people. Nadella, the chief executive officer of Microsoft, also urged software developers to use technology to bring in "more and more people" within the global technological network. "Building trust in technology is crucial... Ensure that there is more trust in technology each day. We have to capture the essence of the timeless value," Nadella told the annual Microsoft developer's conference 'Build 2017' here. His remarks gain significance amid concerns raised about the use of technology both in the United States and India. The ...

The Dollar Business Bureau  Noticing the huge potential for Research & Development (R&D) and innovation in India, Katherine B Hadda, the US Consul General in Hyderabad, on Wednesday said that the US and India are working jointly in various related fields to boost innovation.  Hadda said that she has witnessed a huge potential for innovation in the country during her visits to several R&D institutes in the city of Hyderabad. She was speaking at a conference on 'Fostering Innovation & IP for A Better Tomorrow', organised by APTDC (Andhra Pradesh Technology Development and Promotion Centre) of CII (Confederation of Indian Industry) in Hyderabad. Noting that the two countries are together working in various fields, she said a fund for technology development has been set ...

The Dollar Business Bureau  The government will create a team to look into the positioning of India as an innovative country, said Nirmala Sitharaman, Minister of Commerce and Industry, on Friday at the unveiling of Global Innovation Index (GII) 2016, in which India is in the 66th position.  The Department of Industrial Policy and Promotion (DIPP) will form the team, consisting of government officers and experts from private sector firms, the minister said.   “We will analyse the weaknesses and challenges and find out the areas where the government needs to get more involved or stay away,” she said.   India had witnessed a downward path during the period between 2013-2015 in its position for inputs and outputs. However, this year’s GII report shows ...

PTI Bullish on India's growth, major French companies will be investing about euro 8 billion in the country in next few years. "Leading French companies will invest some 8 billion euros in Indian market over the few years," French Ambassador to India Alexandre Ziegler said on the sidelines of a CII event here today. French majors had already invested euro 20 billion in the country accounting for the third largest FDI inflow from the European country. In his presentation, the ambassador emphasised that France did not look at India as just a market but as a partner and so it participates strongly in 'Make in India' along with innovation. "There is 25 research and development centers by French companies in India," ...

Sharath Chowdary After re-loading the smartphones with ‘Make for India’ features such as S bike mode and Ultra Data Saving (UDS) mode, Samsung India has now come up with new innovations – Turbo Speed Technology (TST), Smart Glow, and 7-inch WXGA display. “Samsung has around 48.3% share in Indian smartphone market. The company is focusing in further research and development (R&D) to deliver better technologies as part of ‘Make for India’ initiative. Other than South Korea, India is the only country where we have big R&D centres,” Manu Sharma, Vice President - Mobile Business, Samsung India told The Dollar Business Bureau. The South Korean smartphone maker has three R&D centres at Bengaluru, Noida and New Delhi. Speaking about the importance of Indian market, he said, ...

The Dollar Business Bureau Pears Foundation of Israel is hosting a bination hackathon focusing on affordable healthcare across four cities – Hyderabad, Bengaluru, Mumbai and Tel Aviv (Israel). The 36-hour hackathon in Hyderabad will be conducted by India's largest incubator for startups T-Hub in association with its Israel counterpart. The bination hackathon is the first outcome of T-Hub’s international partnership with StarTau, Israel. This hackathon will build bridges between the innovation ecosystems of Israel and India by providing a platform for entrepreneurs and industry experts from both the countries to work together to pioneer affordable healthcare solutions, T-Hub said in a statement. Winners of the hackathon will receive a minimum cash prize of Rs.1 lakh for each sponsored challenge and a fully paid ...