New Delhi: Micromax is setting up an independent fund which will raise upto $100 million (Rs 680 crore), aimed at investing in consumer Internet companies across the world that have relevance to the Indian market. The fund, in which the leading home-bred handset maker will be the anchor investor,…
Telangana government launches India’s first social innovation centre
Hyderabad: Telangana government launched the Kakatiya Hub for Social Innovation in Nizamabad on February 5, which is expected to be up and running by September. Funded by the Telangana government, Kakatiya Hub, which will function like a rural incubator to encourage entrepreneurship at grassroots…
Maybank unveils payroll processing software for SMEs
Small and Medium Enterprises (SMEs) can now enjoy greater convenience and efficiency in their payroll processing with the launch of Maybank’s tie-up with Asian Business Software Solutions (ABSS). Maybank said this is its first collaboration in Singapore with an external software company to provid…
Technology & bio-business meet ‘BioAsia 2017’ to showcase healthcare start-ups
Hyderabad: (PTI) Over 1,500 delegates from nearly 50 countries will take part in a three-day technology and bio-business convention on Asia that will get underway here. The event, BioAsia 2017, is a technology and bio- business convention of Asian nations on life sciences, pharmaceuticals and hea…
Digital lending firm Zen Lefin raises Rs 17 cr from IFMR
Bengaluru: Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised Rs 17 crore from IFMR Capital Finance and its alternative investment fund by allotting nonconvertible debentures (NCDs), bringing the company’s total capital raised through the route…
Capital Float secures ₹17 cr funding from IFMR Capital through NCDs
Capital Float, a finance technology startup which helps SMEs secure capital online, has raised close to ₹17 crore in a round led bt IFMR Capital Finance and its alternative investment fund. Unlike others, this is not a private equity deal. The company has raised money by allotting Non-Convertible…
Fintech start-up SlicePay acquires P2P lending platform Trustio
SlicePay, a fintech startup that provides buy-now-pay-later kind of service to its users, has acquired a peer-to-peer lending company Trustio. The deal is said to be an equity deal and as a part of the acquisition, the founders of Trustio will be joining the core team at SlicePay. Launched in 201…
Stellaris hits first close for $100 mn fund
Mumbai: After a year of breaking away from Helion Venture Partners — one of the country’s oldest venture funds — Ritesh Banglani, Alok Goyal and Rahul Chowdhri have managed the first close of their $100 million (Rs 680 crore) maiden fund which will back domestic early-stage startups. Stella…
98% छोटे कारोबारियों को नहीं मिलेगा टैक्स छूट का फायदा, केवल कंपनियों को राहत
अगर आप छोटे कारोबारी हैं, आपकी सालाना टर्नओवर 50 करोड़ रुपए से कम है और आपको लगता है कि बजट में आपके लिए इनकम टैक्स में 5 फीसदी की छूट दी गई है तो ऐसा नहीं है। हो सकता है कि यह छूट आपके लिए न हो। फाइनेंस बिल 2017 में स्पष्ट किया गया है […]
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GDP growth to be 7% plus in 2018-19, says Economic Affairs Secretary
New Delhi: The 2017-18 Union Budget charts a story that is consistent with the policies of Government in the last couple of years, is predictable in its approach and is shorn of unnecessary surprises for the industry and society, said Ashok Lavasa, Finance and Expenditure Secretary, Ministry of F…