Finance Minister Arun Jaitley has proposed extending the window for startups to avail tax benefits to first seven years of existence, a move that will allow new ventures to extract full benefit of the permitted deductions. Earlier, startups were allowed to claim profit-linked deduction for three years out of the first five years of existence. […]
Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline 14444 for addressing all queries on digitial payments, as government takes strides to push for more digital transactions post demonetisation. After the fourth meeting of the Committee of Chief Ministers on digital payments, Convenor and Andhra Pradesh Chief Minister Chandrababu Naidu […]
E-commerce giant Amazon today rolled out its global programme ‘Launchpad’ in India to provide startups in the country a platform to market, sell and deliver products across the globe. India is the seventh country where Amazon Launchpad has been made available, and the platform, “tailormade” for startups, is available for a fee of Rs 5,000 […]
The last year has been a landmark year for startups in India. As per the Nasscom report, India ranks third among global startup ecosystems with more than 4,200 new-age companies. Aimed at supporting this growth, thinQbate, a new thinking incubator launched in Mumbai today. Based on a community and entrepreneur first approach to angel investment […]
Online businesses and Startups in India are growing at an astronomical speed. Today where everything is available online, any product or service need can be resolved in mere clicks. Where there is a need, there is a website/app to fulfill it, unfortunately, the visibility of these websites is quite limited to the general internet users. […]
The revenue growth of Indian IT exports this fiscal is likely to be slower than industry body Nasscoms projection of 10-12 per cent, according to industry veteran T V Mohandas Pai. “The figures could be lower than what Nasscom has said. But its still (expected to) be good figures. They forecast 10 to 12 per […]
The rapidly expanding e-commerce companies today made a strong case for keeping them out of the proposed GST net but the state finance ministers appeared in no mood to oblige. At the first meeting of the Empowered Committee of State Finance Ministers held after the Parliament approved the GST Bill, online retailers said they only […]
Indian financial technology (fintech) market is expected to double to USD 2.4 billion by 2020, primarily triggered by rising customer experiences, e-commerce and smartphone penetration, according to a report. Emergence of fintech companies in India is a prelude to the transformation in payments, lending as well as personal finance that has attracted significant investor interest, […]
BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate. With this investment, Edelweiss […]
Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India’s iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India’s startup scene. Tens of thousands of developers […]
Delhi-based home health care service startup, Healers At Home, has raised an undisclosed amount of funding from Daljit Singh (President, Fortis Healthcare), Dr. Pramath Raj Sinha (Founder, ISB), BVR Mohan Reddy (Chairman at NASSCOM & Director on the Board of Hyderabad Angels) and a few more angel investors. Founded in June 2014, Healers At Home, […]
The Indo-US Startup Connect was a unique exhibition of Start-Ups that showcased products from 40 different companies. Forty startups from India are participating in the programme at San Jose, which was planned following PM Modi’s “Startup India, Stand up India” call from the ramparts of the Red Fort on Independence Day.