Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. “MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powerin…
Council fixes 4-level GST rate structure
The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. Ultra luxuries, demerit and sin goods, will attract a cess for a period of five years on top of the 28 per cent GST. Overcoming opposition from some States, the GST Council finalised on [&hel…
Coal allocation to MSMEs to be made Online
In a significant development related to the allocation of coal to Micro, Medium and Small Enterprises (MSME), the Andhra Pradesh Government has decided to migrate to an online system through its Single Desk Portal (SDP) to consolidate its standing in the ease-of-doing-business indicators. As per …
RK University inks MoU with GoI’s MSME centre
Rajkot: City-based RK University has signed a memorandum of understanding (MoU) with Micro, Small and Medium Enterprises MSME Technology Development Centre of the Government of India, to initiate joint programmes in various fields. “The aim of the MoU is to undertake various initiatives to …
Boost to exports: Duty drawback facility extended for textiles
The government has extended duty drawback facility for one year on all textile products to boost exports, and has increased rates in some cases for the benefit of Indian exporters. In a notification dated November 1, the Central Board of Excise and Customs (CBEC) extended the duty drawback benefi…
Act smart! There are enough funding options for your start-up
The Securities and Exchange Board of India (SEBI) recently warned investors about the legality of crowdfunding. “Electronic platforms facilitating fundraising on digital platforms are neither authorised nor recognised under any law governing the securities market,” said the SEBI note.…
Start-up Europe India Network will help in cross-fertilisation of talent: EU
The Start-up Europe India Network will help cross-fertilisation of talent between the growing Indian market and the dynamic European market, European Union’s Ambassador to India Tomasz Kozlowski tells in an interview. Edited excerpts: Q: What is the EU’s role in this mega India-Europe startup ini…
Learning from neighbour: 3 lifehacks from China for Indian start-ups
China always has had a huge influence in the Indian startup ecosystem. From investments and collaborations, China has been an inspiring neighbour for us. Chinese investors have also been warming up to startups and we have seen a plethora of funds being showered on startups like Hike Messenger, Pa…
Zarget raises $6 mn; quadruples seed funds in 6 months
Zarget, a startup that provides various web optimisation solutions as software as a service (SaaS) to enterprises, has raised $6 million (about Rs 40 crore) in a round of funding led by venture capital firm Sequoia India. The Series-A round also saw participation from Accel and Matrix Partners, b…
No need to leave! Start-ups now thrive inside the gate
Small and mid-sized companies are increasingly incubating startups within the organisation, once largely the domain of large technology enterprises, to access ideas that can give them a competitive edge. This is also a much faster way to test an idea in a low-risk environment before deciding whet…