Cellphone makers to set up manufacturing hub in Andhra

Three domestic mobile device makers—Micromax Informatics Ltd, Karbonn Mobile India Pvt. Ltd and Celkon Impex Pvt. Ltd—are coming together to set up the country’s first mobile phone manufacturing hub at Tirupati in southern Andhra Pradesh, giving a fillip to the…

Budget 2015: Rs 1,000 Cr Fund Is A Confidence Booster But Start-Ups Fear Red Tapism

The Rs 1000 crore fund set aside for IT start-ups in the Budget 2015 would pave way for entrepreneurs to explore opportunities in newer sectors, provided the proposed techno-financial, incubation and facilitation programme, or Self-Employment and Talent Utilisation (SETU) does…