New Delhi: The government on September 6 exhorted businesses not to wait till the last day to file GST returns, saying just over half of registered taxpayers have so far paid taxes and 11 lakh have not yet completed even registration. Revenue Secretary Hasmukh Adhia said the g…
Lendingkart raises $10.74 m in bridge round, eyes more funding
Lendingkart Technologies Pvt. Ltd, the technology and digital marketing arm of Ahmedabad- and Bengaluru-based fintech startup Lendingkart, has raised Rs 69.02 crore ($10.74 million) in a bridge round. Lendingkart issued 23,294 preferential shares, mainly to existing investors, at Rs 29,634 apiece…
Online tools helping Indian SMEs sell products internationally: Facebook Survey
New Delhi: While 43 per cent of Indian exporters in small and medium-sized enterprises (SMEs) depend on online tools for 75 per cent of their international sales, 63 per cent agree that using online tools for selling internationally has increased their revenue, a new survey by Facebook …
Edtech start-up NEST Education raises $600k from Dell Foundation, Anand Mahindra
Edtech company, NEST Education (Naandi Education And Support Training) has raised $600K in follow-on funding from the Michael and Susan Dell Foundation and Anand Mahindra , Chairman and MD of the Mahindra Group. NEST Education has deployed Alphabyte – The Learning Centre , which are high-quality …
CIPAM-DIPP launches social media campaign to promote Geographical Indications
The Cell for IPR Promotions & Management (CIPAM) under the aegis of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, has launched a social media campaign to promote Indian Geographical Indications (GIs) with #LetsTalkIP which is an ongoing movement init…
Crisil lowers GDP forecast to 7% in FY18 on GST hiccups
Mumbai: Domestic rating agency Crisil today lowered its growth forecast to 7 per cent for fiscal 2018, down from 7.4 per cent earlier, as it sees disruptions arising from the implementation of the new uniform tax regimeto continue to impact the economy for a few more quarters. …
IFC invests $10 m in Power2SME to lift SME sector
International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce platform Power2SME that helps small and medium companies buy raw materials at bulk prices. Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partne…
Bitter truth: A troubling snapshot of Indian manufacturing
A NITI Aayog and IDFC Institute’s ‘Ease of Doing Business’ report sharply delineates the manufacturing sector’s problems
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Don’t collect & don’t pay GST: Textile workers to launch ‘tax denial satyagraha’
Bengaluru: Come September 7, artisans from unorganized sectors will band together to fight the Goods and Services Tax (GST) regime under which handmade products, including textiles, have been taxed. Led by the Bengaluru-based Graama Seva Sangha, artisans and textile workers will launch …
Lending app Shubh Loans raises $1.5 m in pre-Series A round from SRI Capital, others
Datasigns Technologies Pvt. Ltd, which runs online lending platform Shubh Loans, has raised $1.5 million (about Rs 10 crore) in a pre-Series A round from SRI Capital, Japan’s BeeNext and Pravega Ventures. Shubh Loans will use the funds for building its technology team and market expansion, the Be…