Amidst surge in digital transaction after Prime Minister Narendra Modi demonetisation drive, Bangalore based technology startup Unocoin which deals in bitcoin, has launched mobile app for both iOS and Android devices to help consumers buy, sell, send, receive and store bitcoin all in one place, f…
Global launch of Alcatel-Lucent Enterprise cloud-based collaboration platform
ALE, operating under the Alcatel-Lucent Enterprise brand, announced availability of Alcatel-Lucent Rainbow, an innovative cloud-based relationship management platform that connects business users, business contacts and systems. With Rainbow, employees can be more collaborative and productive, rea…
Nasscom to set up start-up warehouse in Odisha
Bhubaneswar: Software think-tank National Association of Software and Services Companies (NASSCOM) would set up a startup warehouse in Odisha that aims to incubate and provide hand-holding support to IT startups in the state. The state government would provide a 5,000 sq ft space in the Odisha Co…
Pay 50% tax on unaccounted deposits, or 85% if caught: Govt
New Delhi: Providing a window to black money holders, the government on November 28 proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don’t disclose but a…
Jobs will be safe in MSME sector, govt assures workers
Lucknow: Government sought to soothe concerns of layoff in micro, small and medium enterprises (MSMEs) that employ 80 million people against the backdrop of demonetisation, saying the decision might cause initial problems but will not impact job scenario in the sector. “There can be initial…
Budget Wishlist | Remove tax barrier for start-ups, says Nasscom to Fin Min
Amid economic and geopolitical headwinds and challenges to the IT sector, Nasscom has asked the finance ministry to defer applicability of Place of Effective Management norms to maintain India’s competitive edge and pitched for tax sops in R&D. The association has been “disappointed” by the d…
Demonetisation | PM urges SMEs to embrace cashless mode to multiply turnover
In his first monthly radio address after demonetisation, Prime Minister Narendra Modi on November 27 urged small businesses and workers to embrace cashless transaction through mobile banking and plastic money. “I would like to tell our small and micro businesses to take up this opportunity …
Digital India: AppSpace launches app to help SMBs become digitally visible
Hyderabad: City-based startup, AppSpace Innovation Pvt Ltd, that has been incubated at the T-Hub, on November 26 launched a mobile platform `FindMe@ SmartSites’ that empowers small businesses to go digital. The startup has been set up by former IBM and Oracle techies. Commenting on the laun…
Amitabh Kant panel to identify digital payment modes
New Delhi: The government has set up a high-level committee to identify all possible modes of digital payment across sectors as it pushes on with its drive towards a cashless economy. The committee is headed by Amitabh Kant, the CEO of NITI Aayog, the government’s policy think tank. “…
TN likely to come out with Defence Manufacturing Policy to encourage investments
From an automobile and allied industries manufacturing hub, Tamil Nadu is evolving into a knowledge hub as it focuses on drawing investments in R&D, design, aerospace and defence sectors, according to MS Shanmugam, Additional Secretary (Industries Department), Tamil Nadu government. At an int…