In indications that investors were getting increasingly cautious while funding for start-ups in India, there has been a sharp dip in the number as well as the value of such deals in the start-up space in the first quarter of 2017 in comparison to the previous year. The number of deals have seen a…
IICA & NSDC to forge collaboration on skills, CSR & MSME
New Delhi: Indian Institute of Corporate Affairs (IICA) and National Skill Development Corporation (NSDC) will join hands to set up collaboration on skills and in areas of Corporate Social Responsibility (CSR). Manish Kumar, Managing Director and CEO, NSDC, while on an invited visited to the IIC…
Soon, T health clinic to come to the rescue of `sick’ MSMEs
Hyderabad: After several rounds of deliberations, the Telangana Industrial Health Clinic (TIHC), touted to be the first of its kind initiative in the country , is finally set to be launched now. Its primary objective: to assist with the rehabilitation of `sick’ micro, small and medium enter…
Donald Trump’s new plan may create hurdles for PM Modi’s Startup India
The US is all set to become a tax-haven for most companies wishing to save tax after the Trump administration last evening announced lowering corporate tax to as low as 15 per cent from the present 35 per cent. Currently, several Indian tech startups including the likes of Flipkart, Grofers, Prac…
GCCI sets up cell to tackle trade disputes of MSMEs
Ahmedabad: The Gujarat Chamber of Commerce & Industry (GCCI) on April 25 announced the establishment of the Arbitration, Mediation, Conciliation and Alternate Dispute Resolution Centre (GCCI-ADRC) that will provide quick and hassle-free redressal to industry disputes. The industry body plans …
IAN announces India’s first & world’s largest maiden fund worth Rs 350 cr
Indian Angel Network (IAN) has become the first angel investor group globally to raise a 350 crore fund. The fund which marked its first close at rupees 175 Crores has industry stalwarts like Kris Gopalakrishnan, the cofounder and ex-CEO of Infosys; Sunil Munjal, joint managing director of Hero C…
Stamp duty & registration fee to be waived for start-ups buying space in Mumbai
Mumbai: For recognized incubators or startups keen to buy or rent spaceproperty, the state has proposed a 100% waiver on stamp duty and registration fees on their first transaction and 50% on the second. The provision is part of a draft policy now in the public domain. In a bid to encourage small…
Mumbai based hyperlocal delivery app Scootsy raises $3.6 mn from agnus capital, others
Mumbai-headquartered discovery and delivery service provider Scootsy has raised a $3.6 Mn Pre-Series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, also participated in this investment round. Founded in July 2015 by Rishi Khiani, Sandeep Das, Sanjay Ghai and Sun…
‘Industry must focus on intellectual property issues’
Hyderabad: In India, just 8-10 corporates invest more than Rs 500 crore annually in research and development. This was out of more than 960 companies which are listed to be doing R&D, according to Nirmalya Bagchi, Dean of Research and Management Studies, Administrative Staff College of India,…