Ratan Tata invested in as many as 29 startups in the past two years through March 2016. He took minority stakes in 22 companies in fiscal 2016, three times more than the previous year when he chose seven to bet on, according to Tracxn Technologies, a data analytics company. Eight of the prominent…
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Jaitley hopes to resolve dual control issue in next GST Council meet
Admitting that the Goods and Services Tax (GST) Council was racing against time on the government’s implementation target of April 1, Finance Minister Arun Jaitley on January 4 said it is hoping to resolve the vexed issues of Integrated GST (iGST) and dual control over assesses in its next …
VC fund 500 Startups puts India on hold citing tax issues
Bengaluru: Silicon Valley-based venture capital fund and accelerator 500 Startups has put on hold its plans to raise a $25 million India-focused fund, Kulfi, citing taxation and regulatory reasons. Run by Dave Mcclure, one of the most prolific seed investors in Silicon Valley, 500 Startups has re…
Myntra to provide 10 small brands with technical, financial support
Myntra, the country’s largest fashion ecommerce company, is reviving an incubation programme aimed at providing 10 small brands with technical, design and financial support, targeting about $500 million worth of business from them in the next five years. The online retailer had nurtured about a d…
30 Indian-origin entrepreneurs in Forbes list of super achievers
New York: Over 30 Indian-origin innovators, entrepreneurs and leaders have been featured in the 2017 edition of Forbes’ list of super achievers under the age of 30 who seek to break the status quo and transform the world. The Forbes list has 30 game changers in 20 industries including healt…
Demonetisation hits December services growth
The government’s demonetisation move provoked a downturn in the Indian service sector growth in December, with business activity contracting for the second consecutive month, revealed key macro-economic data on December 4. Indian service providers continued to be impacted by the November 8 …
More Chinese investment led by Alibaba Group, continues to flow into Indian start-ups
Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip. In the last year or so, India’s startups have seen an influx of investments from China’s top technology fir…
Lodha Developers floats maiden fund for start-up investments
Lodha Developers Pvt. Ltd, the country’s largest real estate developer in terms of sales, has launched its maiden investment fund for start-ups focused on smart city solutions and the overall real estate sector, it said in a statement on January 4. With an initial investment corpus of Rs 50 crore…
Roposo enables SMBs, sellers & brands to expand their reach exponentially
With over 4,200 already on board, Roposo-India’s favourite fashion social network is quickly becoming the hub for small sellers including home-sellers, offline boutiques, and many others selling niche fashion and lifestyle products. Roposo’s unprecedented reach and popularity has helped expand th…
Sundar Pichai Live: Google CEO announces ‘MyBusiness’ tool to help SMEs set up own website
Google CEO Sundar Pichai is hosting a technology event today in New Delhi and the focus is mainly on SMEs in India. The event is also be attended by IT Minister Ravi Shankar Prasad along with many senior executives from Google. Pichai during the event said, “With the internet, even small business…