Olympic gold medal winner Abhinav Bindra’s venture fund Shooting Star and Franchise India Brands, led by Chairman Gaurav Marya, have invested $1 million in FITPASS, a New Delhi-based provider of access to gyms and fitness studios across multiple locations for a monthly fee. The current inve…
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What GST will change, what you could change
What we buy , how we buy and why we buy are questions that have for long fascinated anthropologists. But GST is expected to add a new twist to the tale of Indian consumerism. Cited as the “single largest taxation reform” in independent India, GST is set to change taxation for every se…
Small business owners feel jittery over GST
GST rollout may prove to be a bumpy ride for small businesses in Tamil Nadu, Andhra Pradesh and Telangana, according to multiple business people spoke to. While larger companies have either already aligned their systems with GST or are in the last leg of the process, uncertai…
10 things Revenue Secy, Hasmukh Adhia wants to convey about GST
With just two days to go for the GST rollout, the single-largest tax reform since Independence, there have been some doubts and confusion hovering in the minds of small businesses and general public at large over the transition. Accepting that implementation may see some hiccups in the init…
Maharashtra CM inaugurates fintech start-up accelerator ISME Ace
Indian School of Management and Entrepreneurship (ISME) Ace, India’s largest FinTech Accelerator Program, was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. The program is managed by the Three Sisters Institutional Office. The specialised accelerator programme was launched in Mumbai…
Sitharaman urges MPs to set-up start-up incubators under MPLADS Fund
Government’s ambitious Startup India initiative seems to be at the heartland of Commerce and Industry Minister Nirmala Sitharaman. The Union Minister has been continuously striving for the promotion and utilization of the scheme to build a strong start-up environment in the nation. Sitharaman, in…
India’s garment exports to register 15-18 % growth in FY18
India’s garment exports are expected to register a 15-18 per cent growth to touch US $20 billion, during the current fiscal following improved market conditions in US and other markets. It has clocked 15 per cent growth in garment exports at US $17 billion in FY17, and is expected to increase fro…
‘The intent of GST is not to reduce real estate prices’
Goods and Service Tax (GST) is a forward-looking tax reform on part of the government. There is no doubt that it will be a game-changer for Indian industry, bringing in a more comprehensive and uniform tax structure that will ensure greater transparency in the economy. However, there are certain …
MSMEs form the largest source of financing, reports KPMG-IMC
The whitepaper examines how several policy interventions along with technology and innovation will continue to play a pivotal role in creating a business-friendly atmosphere for the MSMEs. Different sources of capital are used by MSMEs across their lifecycle, and the traditional banking system st…
Investors stay bullish on fintech bandwagon
Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…