For the first time, the Ministry of Steel will be giving away awards to the secondary steel sector on 13thSeptember 2018 at a function in New Delhi. The awards have been instituted in order to encourage the secondary steel sector as it plays a key role as a growth engine for the national economy and employment generation. Strong performance of the secondary steel sector has added muscle to India’s steel production. Encouraged by the overall potential, the Government of India has taken various initiatives to improve the performance of this sector. A few such initiatives are - supporting energy efficiency projects (Energy conservation and control of GHG emission) and R&D activities, strengthening institutional support, protecting domestic producers from below-cost import fro
Launching a new business hinges on a lot to be successful, not least industry and timing. If you're considering pursuing your entrepreneurial dream, you need to consider the state of the industry you're preparing to enter. More established industries experiencing disruptive technological advancements could be ripe for the picking, or fledgling industries with big growth prospects can offer a lot of opportunities for you to get in on the ground floor. Whether you're looking to revitalize old ideas or build something new, there are plenty of opportunities to enter industries with exciting futures. We looked at some of the most promising industries with impressive growth prospects. Here are five fast-growing markets to consider. 1) Artificial intelligence Artificial intelligence and ...
Trying to find financing for your startup can easily turn into a full-time job. From building a network of investors to connecting with other founders, financing is at the heart of any business's success, but it can turn into a serious time commitment. However, by working with the right investors and taking the time to be purposeful in your pitch, you can take important steps toward funding your company. Make no mistake; it will be difficult, but by being precise in your search, you can position yourself for success. Warm introductions The key to obtaining funding as a startup is the "warm introduction," according to Casey Berman, managing director of VC firm Camber Creek. Berman said startup founders can look to their immediate network to try and find opportunities. While this includ
Every small business should be on social media, especially Facebook. From its powerful advertisement options to Facebook groups, Facebook has many tools small businesses can and should use. A solid Facebook presence helps you engage potential customers and grow your business. "Having a Facebook page helps to legitimize your business in the customer's eye, Or another way to look at it is a business without a Facebook profile may seem outdated at the best or untrustworthy at worst." With so many ways to promote your business on Facebook, it can be difficult to know where to start. Here are six easy steps to make Facebook work for you. 1. Create a business page. If you want to have a solid and professional Facebook presence, you need to create a separate page for your business – your
Long before he became China’s most globally prominent business figure, Jack Ma was just an English teacher trying to persuade his friends that they would one day buy things over the internet. His vision changed China. As Ma makes plans to leave Alibaba Group Holding Ltd., his legacy will be an enduring one. He did far more than just create and build an e-commerce juggernaut into the most valuable company in Asia, impressive as that may be. He showed that an innovative private enterprise could thrive under a Communist Party regime once hostile, and still at times suspicious, of ambitious capitalists. To a remarkable degree, his path-breaking success created a model that gave rise to a technology industry that rivals Silicon Valley, propelling a Chinese economy on track to eclipse that
The Indian Commodity Exchange (ICEX) launched the world's first diamond futures contracts on Monday to provide exporters with a hedging tool. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. At the launch, the first diamond contract for delivery in November was traded at Rs 3,279/cent. One cent is the one-hundredth of a carat (ct). With over 103 registered members so far, ICEX has launched 1 ct diamond futures contract for delivery in November and followed by contracts with monthly settlements. 50 cents and 30 cents contracts will be introduced after making the initial contract successful. The 1-carat contract for expiry in November, December and January will have delivery centre at Surat. The merger of Ahmedabad-based Nation