The much-awaited Goods and Service Tax (GST) Bill will soon be a reality. The central government is taking every possible effort to rollout the new tax regime by July 1, 2017. The tax officials of the central and state governments will this week hold their maiden meeting on devising a formula fo…
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Fund-of-Funds: 17 VC firms sanctioned Rs 623.50 cr from govt start-up fund
New Delhi: Since its launch in January 2016, the government’s Rs 10,000 crore Fund-of-Funds for start-ups has faced a few too many brickbats. Up until last month, the conditions for raising capital from the Rs 10,000 crore Fund-of-Funds, which was meant to invest in local venture capital (VC) fun…
Ministry to seek Cabinet nod for National Steel Policy soon
The steel ministry will soon move the Cabinet to finalise the new national steel policy that seeks to more than double the capacity to 300 million tonnes by 2030. The ministry also expects steel demand to continue to grow this year given the stress on the infrastructure sector, Minister Chaudhary…
SAP banks on start-ups for tech disruption; More than doubles list for India
Mumbai: SAP, Europe’s largest technology company, will on board 16 startups for its accelerator programme in India this year against seven last year, as it increasingly banks on artificial intelligence, machine learning and internet of things to push ahead with its global transformation in …
GST impact: Small businesses could under-report income initially
When the nationwide goods and service tax rolls out on July 1, it is likely that micro and small enterprises will under-report their yearly income. Firms might do so to stay in the Rs 20-50 lakh bracket so that a low tax rate of 1-2 per cent applies to them. Increased compliance under GST will [&…
Lendingkart offers working capital loans to 1k SMEs in Gujarat
Online platform that facilitates SMEs in obtaining working capital loans through its NBFC ‘Lendingkart Finance’ on April 19 disbursed loans to over 1000 SMEs in the state of Gujarat. The Ahmedabad-based digital lending platform has reached out to SMEs in more than 40 cities in the sta…
How Cloud solutions empower SMBs
Coimbatore: Adoption of cloud technologies not only empowers small and medium businesses (SMBs) but also help them save cost on hardware, increase efficiencies and deliver agile products and services to their customers. Coimbatore incidentally is home to one of the largest markets for SMBs in Ind…
Patanjali to go global, says Acharya Balkrishna at FICCI Food Buyer Seller Meet
Gurugram : Acharya Balkrishna, Co-Founder and CEO of Patanjali Ayurveda announced Patanjali’s plans of going global in the near future. He was speaking at ‘Made in India – Food Buyer Seller Meet’ organised by FICCI and ‘Agricultural and Processed Food Products Export Development…
NowFloats records 38k+ live businesses in NCR; Boosts SMBs using innovative technology
New Delhi: NowFloats, a location-based disruptive technology for online discovery that helps businesses get discovered, has registered impressive growth in the Delhi/NCR region. The innovative platform has grown to more than 38,000 live customers in the past 3 years, and is playing a pivotal role…
TN plans $77 mn VC fund in bid to build the next top tier start-up hub
“She is a quaint city with quirky street names…She offers global cuisines on roadside carts, Piping hot idlies at the stroke of midnight… Is it denims,dry fruits or spices you want? Books, electronic or musical instruments? Name it and she will let you have it… She is the modernity that villages …