Mumbai: Shares of companies that listed in the one year ending 2 June on the BSE’s platform for small and medium enterprises (SMEs) have gained more than those that listed on the main exchange, data shows. The S&P BSE SME IPO index gained 52.85% in the year ending 2 June while the BSE IPO ind…
Ireland keen to woo Indian start-ups, offers tax benefits
With quite a few nations mulling stronger immigration laws, Ireland, the island in North Atlantic, wants to play a different tune. The Investment and Development Agency (IDA) wants to triple the number of start-ups, IT services organisations, entrepreneurs from various sectors in India in the nex…
Airtel Business plans to woo emerging enterprises to digital platform
Bharti Airtel’s enterprise arm Airtel Business is eyeing a larger share in emerging enterprises, including small and medium businesses (SMBs) and start-ups through its new digital platform, which is offering internet plans without any data caps. “Emerging enterprises are key growth dr…
New Goa Startup Policy likely to focus on IT-anywhere
In a span of less than three months, the government is ready with draft Goa Startup Policy which is likely to focus on promotion of IT startups and the concept of IT anywhere. The policy aims at creating 5,000 jobs in the IT sector over the next five years and will work towards putting Goa [&hell…
India-Germany to sign pact for start-up exchange programme
Indian start-ups may soon get easier access to the German market and investments, thanks to an agreement the government is planning to sign with the country for a start-up exchange programme. Commerce and Industry Minister Nirmala Sitharaman, during her recent visit to Germany alongside Prime Min…
GST rollout: Khadi yarn, Gandhi topi, National Flag to attract no tax
New Delhi: Khadi yarn, Gandhi topi, India’s National Flag will not attract any tax under the GST regime, while imitation jewellery, pearls and coins will carry 3 per cent levy from July 1. Besides, the GST Council on June 3 decided to include rudraksh, wooden khadau, panchamrit, tulsi-kanth…
Goomo gets $50 m package from Emerging India
Singapore and Mumbai-based Goomo Holdings, which owns and operates travel tech start-up Goomo has raised $50 million (about Rs 332 crore) in funding from private equity firm Emerging India. The round, which has seen Emerging India pick up a majority stake in the company, is one of the largest rai…
Textile industry welcomes govt’s move to keep low GST rates for natural fibres below Rs 1k
Confederation of Indian Textile Industry (CITI) has welcomed the move to keep the GST rates for all natural fibres including cotton, cotton yarn, fabrics and readymade garments valued below Rs 1000 at 5 per cent. CITI Chairman J Thulasidharan complimented the government for keeping the rates at l…
GST: खादी धागा, गांधी टोपी और तिरंगे पर नहीं लगेगा टैक्स
माल एवं सेवा कर (जीएसटी) व्यवस्था में खादी धागा, गांधी टोपी, राष्ट्रीय झंडा पर कोई कर नहीं लगेगा। वहीं नकली आभूषण, मोती और सिक्के पर 3 प्रतिशत शुल्क लगेगा। इसके अलावा जीएसटी परिषद ने पूजा के सामान के तहत बेचे जाने वाले रूद्राक्ष, खड़ाउ, पंचामत, तुलसी माला, पवित्र धागा और विभूति जैसे जिंसों को पूजी…
3% GST on gold to hit unorganised sector, say industry experts
The GST Council’s decision to impose a 3 per cent GST on gold will not only make jewellery costlier but also lead to a higher incidence of illegal gold trade, industry experts have said. They also said bringing the unorganised gold sector into the GST ambit will be a challenge. “With GST, the tot…