The textile industry is watching to see what the final rate of tax under the proposed goods and service tax (GST) regime would be. This is because of the tax implications the new law will have on major input goods going into the textile production process such as cotton and man-made fibres. Accor…
IIT-Indore & IIM-Indore to host i5 Summit to foster entrepreneurship
Start-ups, entrepreneurs, students, investors and others experts to congregate at i5 Summit, an event hosted by IIT-Indore and IIM-Indore to foster the spirit of entrepreneurship in the country and support young entrepreneurs by connecting them with investors and mentors to take their ideas to th…
PropTiger acquires virtual reality startup 3DPhy
Online real estate advisor PropTiger has acquired Gurgaon-based virtual and augmented reality & 3D visualisations startup 3DPhy. “With this acquisition, PropTiger aims to advance its technological platform to further enhance its hi-tech marketing solutions for developers,” the com…
‘Skill India’ digital meet in Nagaland
The Department of Information Technology and Communication in association with National Institute of Smart Government (NISG) is holding a week-long training programme on ‘Champions Skill Enhancement Programme’ under the ‘Skill India’ project in Nagaland capital. “The agend…
Kwan Entertainment buys 85 per cent share in Gigstart
Celebrity management firm Kwan Entertainment & Marketing Solutions has acquired 85 per cent stake in Delhi-based entertainment startup Gigstart for an undisclosed amount. It plans to operate Gigstart as a marketplace-cum-discovery platform for the creative community. “We are investing i…
Meat delivery company EasyMeat owns ‘Nonveggies’ now
Pune-based meat delivery startup EasyMeat.in is in the process of acquiring meat delivery player Nonveggies in an undisclosed all cash deal. “The Nonveggies team is located in the western part of Pune which is not close to our warehouse that is located in central Pune, through this acquisit…
Zenoti plans big facelift in US, Europe with newly-raised Rs 100 cr
Software maker Zenoti has raised Rs 100 crore ($15 million) in a round led by Norwest Venture Partners along with existing backer Accel India in the largest such deal this year for a startup offering software as a service. The Seattle and Hyderabad-based company, which provides cloud-based softwa…
Travelyaari raises $7 mn from GVFL, BCCL
Online bus booking platform Travelyaari said it has raised $ 7 million (about Rs 46.6 crore), led by Gujarat Venture Finance Ltd (GVFL), Bennett Coleman & Co Ltd (Times Group) and other investors. The Series B investment will be used to facilitate product development as well as business growt…
Government brings Bill to benefit around 1 cr workers & meet skill gap
The government has introduced in Parliament a Bill to amend the Factories Act, 1948, with a view to double overtime hours in an establishment with 10 or more workers, to 100 per quarter. The aim is to enhance employment opportunities and facilitate the ease of doing business. The Bill also propos…
Guj & Israel discuss possible investment synergies in startups
Israel extended a warm welcome to the visiting Vibrant Gujarat delegation from India. The first meeting of the delegation was Start-Up Nation Central to discuss and connect Government and Business leaders between Israel and the state of Gujarat in India. The Vibrant Gujarat delegates discussed po…