India Small Business News Round-up – 2008/12/25

Dec 25, ’08 12:30 PM

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

Premji prescriptions for budding entrepreneurs There is no substitute for passion and hardwork; just follow your instinct, stop theorising and grab all opportunities that come your way.
Office agents feeling the heat: Compared to last year, air traffic is down and the market has shrunk. Corporate travel is down but we don’t have too much exposure to the sector.
Technical Gadgets to Survive the Drought: A gain in productivity is exactly what you and your small business need now.
‘IIT-ians have brought glory to the country’: In the global arena, they are salient members of scientific and research community, leaders of corporations VCs and entrepreneurs. When one takes a broad view, the fact that they bring glory to the country of origin is something to feel proud of.
OOOO… slowdown, but do not worry!: It was provocatively titled “Outsourcing, Offshoring, Obama, Over-reaction”. It was widely anticipated to be the panel discussion at the TiE Entrepreneur Summit (TES) on Wednesday that would reveal a lot about the state of the Indian IT/BPO industry, especially on the jobs front. But it turned out to be a tame discussion by a panel all of whose members were “positivists”, none took on the role of the devil’s advocate.
Moneybags say they continue to venture in India; The global recession may have slowed down businesses but certainly not the enthusiasm of first time entrepreneurs in India. The TiE Entrepreneurial Summit saw a whopping 90 per cent attendance on the second day.
Union Bank to finance small entrepreneurs: New Delhi, Dec 16 (IANS) Union Bank of India (UBI)
text-indent: -36px; line-height: 18px; font: 13px ‘Lucida Grande’: Tuesday signed an agreement with the National Small Industries Corp (NSIC) for financing micro and small entrepreneurs