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Startups get limited relief from ‘angel tax’

April 13, 2018 2:53:43 am

As many as 18 start-ups have received notices for the “angel tax” under Section 56(2)(viib) of the Income Tax Act, 1961. This section seeks to tax any capital raised by a closely-held company which is above its fair market value as income from other sources.

insolvency deadline ends today: Thriveni plan cancelled; Lanco may face liquidation

Govt-backed startups: Centre may provide retrospective tax break on angel funding

April 6, 2018 2:06:04 am

Angel investments are the earliest equity investments made in startup companies.

DIPP, StartUp India scheme, parliamentary committee, Department of Industrial Policy and Promotion, economy, indian express news

Only Rs 4 lakh of allocated Rs 10 crore used for promotion

April 4, 2018 7:03:48 pm

‘Huge gap’ in entities recognised and those receiving incentives

Punjab Technical Education and Industrial Training Minister Charanjit Singh Channi, Skill University, ounjab skill centers, education news

How dotcom survivors built a $950 million startup in India

March 21, 2018 2:25:24 pm

Bangalore-based Bigbasket delivers everyday cooking essentials like ghee (clarified butter), diced coconut and fragrant basmati rice, as well as 18,000 other items from bread to laundry detergent to eight million customers in 25 Indian cities.

Zomato, Swiggy gets $700m investment, restaurant sector $843m

March 7, 2018 8:31:33 am

PE and VC investors infused $843 million in the restaurant segment, including in categories such as quick service, casual dining and fine dining during the last five years.

Swiggy, Food delivery platform Swiggy, food delivery platform in India, Swiggy in Dehradun, Puducherry, Mysore, Vijayawada, Nashik, Guwahati, Kanpur, Ludhiana, Business News, Indian Expressnews

Swiggy raises Rs 642 crore from Naspers, China’s Meituan-Dianping

February 9, 2018 9:41:16 am

Naspers has also invested into the parent company of Swiggy's rival foodpanda, Delivery Hero.

DIPP, StartUp India scheme, parliamentary committee, Department of Industrial Policy and Promotion, economy, indian express news

Second highest after Bengaluru: City-based startups raise funds worth over $609 million

January 14, 2018 4:47:35 am

Investors looked at Mumbai more keenly than at Delhi, which saw a 3 per cent drop in fundings last year compared to 2016.

Startups, India startups, startups in 2017, Indian Express, Mumbai News

2017 was not a great year for startups

January 1, 2018 12:04:46 am

At 1,288, significant drop in number of new registrations; nearly 6 times as many came up in 2016

GES 2017: When PM Narendra Modi launched Mitra, the ‘Made in India’ robot

November 29, 2017 9:14:59 pm

PM Narendra Modi launched Mitra at GES 2017: The robot uses facial recognition technology to identify people and can also recognise several languages.

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Oil companies to back 30-plus start-ups with Rs 320-crore fund

October 26, 2017 2:00:38 am

The selected start-ups work in various fields related to energy such as converting waste plastics to petroleum fuels, solar stove, multipurpose fuel from agricultural waste biomass and leak detectors for liquefied natural gas (LNG) cylinders, among others.

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Stayzilla case: NCLT orders insolvency proceedings

September 19, 2017 3:53:40 am

Stayzilla counsel submitted that there were deficiencies in the works done by the vendor and accused Jigsaw of creating fake invoices to raise the bills.

DIPP, StartUp India scheme, parliamentary committee, Department of Industrial Policy and Promotion, economy, indian express news

Apprenticeship Rules: DIPP requests MSDE to extend self-certification duration for start-ups

August 22, 2017 3:05:28 am

Firms hiring apprentices just submit self-declaration with regards to Apprenticeship Rules for first year; DIPP has requested the ministry to raise it to 5 years

DIPP, StartUp India scheme, parliamentary committee, Department of Industrial Policy and Promotion, economy, indian express news

Start-ups complain to Centre: ‘PSUs not following public procurement guidelines’

August 18, 2017 4:10:29 am

Centre made it mandatory for its ministries, CPSUs to procure minimum 20% of their products & services from micro and small enterprises from April 1, 2015

Financial technology software, software, software services, Niti Aayog, startups, FinTech software, Amitabh Kant, digital payments, Indian express News

FinTech software services market to reach $14 billion by 2020: Kant

July 28, 2017 7:59:16 pm

"Currently, more than 600 startups are in the field of lending, payments, insurance and trading and the current financial technology software services market stands at USD 8 billion and this is expected to grow to about USD 14 billion by 2020," Amitabh Kant said.

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Indian-origin man’s start-up bags UK’s biggest funds injection

May 12, 2017 7:54:00 pm

The firm employs some 200 staff and recently opened offices in San Francisco.

Intellectual Property: Government extends IP protection scheme for startups till 2020

April 25, 2017 1:30:45 am

Startups covered under SIPP will not be required to obtain certificate of an eligible business from the Inter-Ministerial Board of Certification

Airbnb CEO Brian Chesky meets PM Narendra Modi: Here’s what they discussed

March 21, 2017 8:16:18 am

Airbnb on Sunday launched Trips in Delhi to help users experience unique features about destinations across the country.

Flipkart, Flipkart Funding, Flipkart e-commerce, Flipkart investment, Investors Flipkart, Kalyan Krishnamurthy Flipkart, Business news, India news

Flipkart’s $1 billion boost will come handy in war against against Amazon, Snapdeal

March 20, 2017 7:19:36 pm

Flipkart has raised $1 billion at a valuation of $10 billion and plans fundraising for a similar amount in the coming months, Bloomberg reported quoting sources privy to the developments.

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StayZilla co-founder Yogendra Vasupal arrested by Chennai Police in cheating case

March 15, 2017 6:52:12 pm

Vasupal, however, rubbished the cheating allegations against him and shared his ordeal in a blog titled "Help! I need everybody".

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Anil Ambani’s Reliance Cap sells Paytm stake for Rs 275 cr

March 7, 2017 1:12:26 pm

Paytm-Reliance Capital deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.

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