The Ministry of Textiles has received representations from the textile industry requesting the Centre to exempt textile jobs from service tax, and is examining it, according to a senior official. “These are the recent representations we have received from the industry. We are examining it,&…
14 tech start-ups graduate from Microsoft Accelerator
Fourteen startups which were part of Microsoft Accelerator’s 10th cohort were graduated at the Summer 2017 edition of ‘Think Next’ here, the company said on June 7. Think Next is Microsoft Accelerator’s flagship forum which brings together thought leaders in technology who…
GST Impact: Short term pain likely for pharma sector
The pharmaceutical sector expects some impact, at least in the short term, once the goods and services tax (GST) is implemented. Drug makers–big and small, are busy evaluating the impact of GST and are taking steps to get ready for the new tax regime. As per the GST slabs, the tax on most p…
Industry now gets 90 days to claim credit for GST transition stock
Traders and retailers can file declarations within 90 days claiming tax credit for transition stock after the GST rolls out from July 1. The draft transition rules for the Goods and Services Tax (GST) regime had pegged the time at 60 days. The transition rules approved by the GST Council provides…
FDI: एफडीआई प्रस्तावों पर लेना होगा 60 दिन के भीतर फ़ैसला
सरकार ने कहा है कि वह एफडीआई को बढ़ावा देने के लिए बढ़-चढ़ कर प्रयास कर रही है। इसी क्रम में फॅारेन इन्वेस्टमेंट प्रमोशन बोर्ड (FIPB) के उन्मूलन के बाद अब मंत्रालयों को आवेदन के 60 दिनों के भीतर एफडीआई प्रस्तावों पर फैसला करना होगा और किसी भी अस्वीकृति के लिए डीआईपीपी की सहमति की […]
…
Trend Tracking: Small fashion e-Tailers stitch together new categories
Several second-rung online fashion retailers are introducing categories not core to their businesses expecting to seize a little more of the market not captured by Flipkart and its units or Amazon. But analysts say they might be merely grasping at straws. Flipkart, along with its fashion units My…
Are ad agencies paying heed to start-up needs?
In April 2017, FCB India announced it will cater to start-up clients via its rebranded division Bushfire. Rohit Ohri, Group Chairman and CEO, FCB India, tells us that he took around six months to bring together the right team, to collaborate with businesses that demand fast ideas and quick result…
Coursera secures $64 m in Series-D funding at $800 m valuation
Coursera announced it has closed $64 million in a Series D funding round, taking the company’s total capital raised to date to $210.3 million. Coursera will use the latest round to fund efforts in its fast-growing enterprise business (Coursera for Business), to expand its master’s degree po…
As start-up story goes awry, Esops lose their sheen
Employee stock option plans (Esops) are so yesterday — so much so that almost no high-flyer recruit in e-Commerce now wants them. Once the ultimate wealth-creation vehicle, and part of the start-up lore, Esops have lost their sheen along with the start-up story. Headhunters say executives are neg…
Cloud storage firm NetApp launches its first start-up accelerator in India
US-based data storage and management company NetApp has announced the launch of its first startup accelerator in Bangalore. The programme, called NetApp Excellerator, is open to startups with solutions in Internet of Things, cloud, Big Data and analytics, machine learning, virtualisation, data se…