GoDaddy, the world’s largest cloud platform dedicated to small, independent ventures, today marked its fifth anniversary in India by celebrating its customers and acknowledging their key role in GoDaddy’s successful growth in the region. Since establishing its India operations in 2012…
Andhra based Pi Datacenters raises $90 m in series B from existing investors
Andhra Pradesh-based enterprise class data centre and cloud service provider Pi Datacenters has raised $90 Mn in a Series B funding round from existing and new investors. Details about the investors that participated in the deal have not been disclosed. The Series B funding will be utilised to su…
Next GST meet to finalise a mechanism to operationalise anti-profiteering clause
New Delhi: The Goods and Services Tax Council will at its next meeting finalise a mechanism to operationalise the anti-profiteering clause which seeks to protect consumers interest, Finance Minister Arun Jaitley told the Lok Sabha on August 1. He said a proper decision would be taken on Air India…
Seed funding slows in Silicon Valley
The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging US technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since…
Wipro launches Silicon Valley Innovation centre in US
New Delhi: IT major Wipro said it has set up a Silicon Valley Innovation Centre in Mountain View, California to develop and showcase next-generation technologies and solutions for enterprises. The centre will showcase and demonstrate cutting-edge enterprise applications based on technologies to s…
Why start-ups should consider joining an accelerator programme
There are differing ideas when it comes to accelerators. Some posit that accelerator programmes are to the advantage of first-time founders but not necessary for serial entrepreneurs. Some believe that early-stage startups could benefit from it, regardless of the extent of its founders’ entrepren…
ICEX to attract small traders to diamond futures
The Indian Commodity Exchange Ltd (ICEX), a Reliance ADAG-anchored platform, is set to facilitate trading and delivery of smallest tradeable polished diamonds on its platform, and the exchange is scheduled to launch futures trading by the end of August. This is to attract the smallest players in …
One month of GST: What traders, customers, manufacturers have to say
A month after Goods and Services Tax was rolled out traders, manufacturers and customers are settling into the new tax regime. While eating out has become a little more expensive for the urban middle class, manufacturers are elated over the benefits of Input Tax Credit. With old stocks in invento…
Dr. Sanjaya Baru to join as Secretary General of FICCI
New Delhi: “With Dr A Didar Singh nearing completion of five years as Secretary General of FICCI after joining FICCI post his retirement as Secretary to Government, he has been for some time been looking for a relatively lighter role within the organization and in view of this, the FICCI Com…
Why Indian SMEs enduring finserv disruption will reap the benefits
The financial services (Finserv) landscape in India has shifted dramatically in only the last few months. Following the dramatic implementation of demonetization efforts, the nation is now underway with a Goods and Services Tax reform (GST). Both of these events are disrupting the typical way sma…