Mumbai: The Income Tax department is leaving no stone unturned in its bid to make the Income Declaration Scheme (IDS) a success. With less than 10 days to go before the September 30 deadline, small businesses and roadside eateries, many of which have never seen an IT officer before — are the late…
Apple acquires Hyderabad-based machine learning startup
San Francisco: US tech giant Apple has acquired Tuplejump, a Hyderabad-based machine learning startup that helps companies to store, process and visualise big data with its unique software. Founded in 2013, Tuplejump’s two Co-Founders Rohit Rai and Satyaprakash Buddhavarapu have already joi…
Carpediem Capital leads investment of $6mn in mobile repair Co. GadgetWood
On-demand repair services & refurbishment company GadgetWood raised approximately $6 million in funding from Carpediem Capital, an India-focused private equity fund, and its investors. Abhishek Sharman, Founder and MD of Carpediem Capital, will be joining the board of the company as part of t…
Start-ups will continue to disrupt business, say investors
The start-up culture, which has gathered pace in the country, will continue to disrupt traditional business models in a significant way, according to investors which have funded such activity. “Traditional businessmen understand business in their own way. That person will discount you in the firs…
India, China to jointly promote tea production & consumption
At a time when most sectors in India are complaining about Chinese dumping, tea producers from the two countries have joined hands to promote sustainable tea production and consumption. The United Planters’ Association of Southern India (UPASI) and China Tea Marketing Association (CTMA) signed a …
Firozabad glass industry not polluting Taj: TTZ Authority
Agra: In a big relief for officials of Taj Trapezium Zone (TTZ) Authority have concluded that the pollution caused by the industry isn’t reaching the Taj Mahal. Officials of the authority held a meeting on Monday where a recent study done by the National Environmental Engineering Research I…
Will meet April 1 target for GST rollout: Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal said the government will be able to implement Goods and Services Tax (GST) from April 1, next year. “April 1, 2017, is the target date for implementati…
BT Joins forces with Microsoft to simplify hybrid cloud
BT announces BT Compute for Microsoft Azure, a new service that allows BT customers to order Microsoft Azure alongside BT’s own cloud services through its award winning Compute Management System (CMS) online management tool. The service enables customers to build hybrid cloud infrastructure with …
Bengal gets Gourangdih ABC coal block for MSME sector
West Bengal has received Gourangdih ABC mine out of seven blocks alloted to states for allocation to MSMEs in respective states. “Out of seven blocks alloted to states, one block Gourangdih ABC is given to West Bengal”, Coal Joint Secretary Vivek Bhardwaj said. “Total 16 blocks …
Aadhaar, eKYC, UPI to fuel innovation in fintech, says report
Financial technology built around India Stack, (a set of tools to build software) Aadhaar, electronic know your customer (eKYC) process and Unified Payments Interface (UPI) will fuel innovation that can help 400 million more Indians access credit, insurance and investment opportunities, a report …