Fingerlix, the fresh, ready-to-cook food solutions brand targeted at today’s progressive homemakers, raised USD 3 Million from Zephyr Peacock (ZP) in its Series A round of funding. After having successfully made its presence felt in a few parts of Mumbai, Fingerlix recently branched out in …
Flipkart set to raise up to $1.5bn amid talks to buy Snapdeal
India’s largest online retailer Flipkart is set to get between $1.2 billion and $1.5 billion in fresh capital from Tencent Holdings Ltd, Microsoft Corp. and eBay Inc.—funding that will provide it ammunition in the high-stakes battle with Amazon India for dominance of India’s e-commerce market. Fl…
Tax planning for start-ups in India in 2017-18
In the last few years, government is encouraging the start-up businesses by announcing various incentives and tax exemptions. The taxation policies of the government have also witnessed lot of changes. The Govt launched the Start-up India Action plan to boost the start-up culture and encourage en…
राजस्थान: सूक्ष्म एवं लघु उद्यम सुविधा परिषद की 29 वीं बैठक, 68 लाख के अवार्ड पारित
जयपुर: राजस्थान सूक्ष्म एवं लघु उद्यम सुविधा परिषद की बैठक में बुधवार को 7 लघु उद्योगोें के पक्ष में करीब 68 लाख रुपए से अधिक का अवार्ड पारित कर प्रदेश के लघु उद्योगों को बड़ी राहत दी हैं। उद्योग आयुक्त अजिताभ शर्मा ने बताया कि परिषद की नियतकालीन बैठक राज्य की एमएसएमई इकाइयों के लिए […]
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बैंक, डाकघर से कैश विड्रॉल पर नकदी लेनदेन की लिमिट लागू नहीं होगी
2 लाख से ज्यादा कैश विड्रॉल पर 100 फीसदी पेनल्टी की खबरों के बीच एक अच्छी खबर आई है. अब सरकार ने साफ कर दिया है कि बैंकों और डाकघर बचत खातों से कैश निकालने पर 2 लाख रुपये की नकद लेनदेन की सीमा लागू नहीं होगी. इनकम टैक्स विभाग ने आज यह साफ किया […]
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In a first, foreign buyer bids for SME IPO
A foreign investor has participated in the public issue of a small and medium enterprise (SME) for the first time since the segment was introduced five years ago on the BSE and the NSE. The initial public offer (IPO) of Bohra Industries saw a bid from a foreign institutional investor (FII) amount…
MSME & Food Processing are the focus areas of Odisha government: CM Naveen Patnaik
Bhubaneswar: Micro, Small and Medium Enterprises (MSMEs) are the focus areas of the State Government as the sector will play a key role in employment generation over the next decade. Young entrepreneurs should take ample advantage from the policies charted in the ‘ease of doing business’ agenda …
India’s start-up ecosystem in a correction mode: Trifecta Capital
Venture debt firm Trifecta Capital plans to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore according to a top executive of the company. “We have made 18 investments in the last 15 months. Of the 18, we have committed about Rs 275 crore.…
Coming soon: India’s first International Mentoring Summit to sow seeds of entrepreneurship
With an aim to support employability initiatives in the country and encourage youth to take up entrepreneurship, BYST (Bharatiya Yuva Shakti Trust), a not for profit organization dedicated to empower underprivileged youth, is gearing up to organize India’s first International Mentoring Summit. Th…
Centre to work towards eradicating unemployment in Odisha: Kalraj Mishra
Micro, Small and Medium Enterprises (MSME) sector as an opportunity for Odisha, Union Minister Kalraj Mishra on April 4 said the Centre will take steps to eradicate unemployment from the state by promoting small scale units and start ups. “MSME sector has become a challenge as well as opportunity…