In a move to simplify the process of raising fund for start-ups, the Corporate Affairs Ministry has allowed these companies to accept deposits from shareholders. This amount will be separate from their share in start-up. Prior to amendment in the rules of the Companies Act, only limited liability…
Tag: corporate
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Top tech buyers to listen to pitches from Indian startups
For the better part of two decades, chief information officers of some of the world’s largest companies such as General Electric, Apple and Citigroup have looked at India as a lowcost destination to fuel their back-office software projects. That narrative started to change over the past few…