Ahmedabad: Small and medium enterprises have clambered onto the IPO bandwagon with alacrity: fund-raising activity through junior bourses has gone up by about seven times in the past six years. For small entrepreneurs, raising funds through the SME IPO platform yields dual benefits of increased c…
Now, Govt eyes 56-years-old ‘Direct Tax Law’, FinMin in process of setting up a task force
New Delhi: After indirect taxes, the government has now set its sights on overhauling the 56-year-old direct taxes law covering income and corporation tax as it seeks to make the Indian regime more contemporary and tailor it to current requirements. Senior government officials told that the finan…
Businessmen talk positive in public, but not putting their money on ground, says Rajan
Rajan, former RBI governor, on September 7 identified a pick-up in private investment as an important requirement to improve health of the economy Speaking at the launch of his book, he said more than positive statements about the economy that Indian entrepreneurs make, what matters is …
Aye Finance raises around $7 m from Netherlands’ Triodos Investment
Mumbai: Aye Finance, a Gurugram-based small business loan provider, September said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment fu…
Airtel launches solution for GST filing
New Delhi: Airtel Business, the enterprise arm of Bharti Airtel has rolled out a solution aimed to help small and medium scale entrepreneurs file their goods and services tax (GST) returns. Called Airtel GST Advantage, its features include a help desk to attend customer querie…
OYO raises $250 m in fresh round of funding led by existing investors, Hero Enterprise
Online hotel aggregator OYO said it has raised $250 million (over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise. The company plans to use the funds to expand its presence in India and South-East Asia, OYO said. “We have raised $250 million in a fres…
Chinese accelerator and venture fund ‘ZDream Ventures’ launches incubator in Gurugram
New Delhi: ZDream Ventures, an India-focused venture capital firm based in Beijing, on September 5 launched its start-up incubator ZDream Labs in Gurugram. The incubator, housed in a 5,200 sq ft. facility, will provide mentorship and training to Indian start-ups and access to capital from Ch…
Start-ups, unlisted subsidiaries of Indian Cos & Multinationals on black money radar
Mumbai: Startups and unlisted subsidiaries of some major Indian companies and multinationals find themselves in the crosshairs of the income tax department for raising funds through preference shares in excess of what it considers the fair market value. The inv…
BRICS nations should launch an innovation challenge TV show, says Prasoon Sharma Fellow India Global
Prasoon Sharma, Fellow at India Global and renowned expert of Indo-China relation proposed a BRICS Innovation challenge TV show in the BRICS summit 2017. This TV show should be broadcasted by all public and private TV channels and should invite entrepreneurs like Jack Ma of Alibaba, Robin Li of B…
Online credit score start-up CreditVidya raises $5 m in series B from Matrix Partners, others
CreditVidya, which uses data to provide credit scores for individuals, has raised $5 million in its series B funding round led by Matrix Partners India. The Mumbai-based company’s existing investor Kalaari Capital has also participated in the latest fund raise. CreditVidya co…