Tata group chairman emeritus Ratan Tata, a serial start-up investor, said on September 20 that he will support startups that have founders who have passion to build sustainable company rather than scaling it up just to sell it. Tata has been investing in startups in India and abroad. Some of thes…
Cyber Security firm Securonix raises $29 m in series A from Volition Capital, others
Cyber security firm Securonix has raised $29 Mn Series A funding. The funding round was led by Volition Capital. Eight Roads Ventures also participated in the round. With this investment, Roger Hurwitz of Volition Capital will be joining the Securonix Board of Directors. Securonix …
22nd meeting of GST Council to be held on Oct 6, exporters wait for relief
New Delhi: The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6 to deliberate on GSTN glitches and ironing out issues faced by exporters, a ministry official has said. The meeting was scheduled to be held on October 24 …
Jaitley asks biz to avoid last-minute rush for tax filing
With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley on September 20 asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) has the capacity to handle 1 lakh returns per hour, which translates to 24 lakh re…
Microfinance providers decide to curb excess, multiple lending in the sector
Mumbai: To address multiple and over lending issues in the microfinance space, micro-credit providers, including microfinance institutions (MFIs), small finance banks (SFBs) and banks will voluntarily abide by a mutually agreed code of conduct (MACC), whereby they will not lend to a client who al…
India may see further 30-40% reduction of jobs in manufacturing sector: Survey
Prime Minister Narendra Modi has a jobs problem. He swept to power three years ago promising India’s poor and middle classes he’d restore their “dignity” after years of swelling inequality, with job creation central to his pitch. But now, the jobs market has been slugged by last Novembe…
Niti Aayog receives 5k applications under Mentor India campaign
Government think-tank Niti Aayog has received strong response to its Mentor India campaign, under which the body has received over 5,000 applications. There is “fantastic response” with over 5,000 applications for the Mentor India campaign, said Ramanathan Ramanan, Mission Director, Atal Innovati…
Jaypore raises $3 m from investor Aavishkaar, plans offline expansion
Delhi-based online retail start-up Jaypore has raised $3 million in a bridge round from the existing investor Aavishkaar and plans to set up offline stores in a move which is likely to improve its revenue, according to a top executive of the company. “We had announced $5 million from Aavish…
GoDaddy launches hosting platform ‘Business Hosting’ for Indian SmallBiz
New Delhi: Expanding its services in the country, US-based web hosting company GoDaddy on September 20 launched its easy-to-manage hosting platform “Business Hosting” for small businesses. The Business Hosting platform is optimised for high-traffic websites, e-commerce…
Start-up to popularise young talents
Are you an artist who is looking for ways to popularise your talent? Is your spectacular theatrical skills ensconced only within the peripheries of your college campus? Have you been struggling to present your talent across before a larger public? Here’s a unique platform that aims to help young …