Digital payments market size in the country is expected to touch USD 500 billion by 2020, accounting for about 15 percent of gross domestic product (GDP), a report said on July 25. The ‘Digital Payments 2020’ report, jointly published by Google and Boston Consulting Group, projects th…
Tag: India
Three Taiwanese companies heed ‘Make in India’ call
Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries, has announced that three Taiwanese Machine Tool companies are investing in India, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company. Post the Taiwanese Ma…
No registration fee for Udyog Aadhar: Govt clarifies
The Government on June 20 clarified that there is no registration fee for filing Udyog Memorandum and it is the only form of registration for MSMEs in India, in view of complaints received regarding fee charged by certain agencies for facilitating the registration “It may be pointed out that fill…
FICCI & TSMG Study on plastic industry throws interesting insight
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years. Myth regarding the polluting characteristic of plastic needs to be addressed in a scientific manner. A report prepared by FICCI and Tata Strategic Management Group (TSM…
Three-year tax holiday for startups
The three-year tax holiday proposed for startups in India will be available over a five year window, ensuring that innovators won’t lose the benefit even if they make a profit later, the government said. Those seeking the income tax exemption, announced in the Startup Action Plan on Saturda…
Need to evolve customized funding solutions for SMEs: RBI
The Reserve Bank of India is of the view that the ‘one-size-fits-all approach’ of banks is detrimental when it comes to lending to small and medium enterprises (SMEs). In a recent report prepared by RBI Executive Director Deepak Mohanty, global examples such as Amazon Lending and supplier financi…
CARE24 raises $4 million in Series-A round
Care24, a Mumbai-based home health care services start-up, has raised $4 million in a Series-A funding round led by SAIF Partners, supported by a strong follow-on by seed investor, India Quotient. The fresh capital comes within three months of Care24 receiving the seed funding. Founded by Indian …