Tag: Small Industries Development Bank of India (Sidbi)

Start-ups likely to get tax benefits in Union Budget 2017

New Delhi: Prime Minister Narendra Modi’s key Start-up India programme may get a boost in the upcoming budget with the industry department drawing up a list of tax concessions on employee stock options, unlisted securities and convertible instruments. The union budget is expected to be announced …

Utkarsh to start small bank in January

Utkarsh, a Varanasi-based micro-finance institution which had received an in-principle licence from Reserve Bank of India (RBI) last year to start a small finance bank, is planning to start operations in the second week of 2017, Govind Singh, Managing Director and Chief Executive Officer of the m…

Logistics start-up HeyDidi expanding to Pune & Nagpur

HeyDidi, an all-women logistics start-up that provides delivery services for e-commerce companies and restaurants in Mumbai and Bangalore, will expand to Pune and Nagpur before Diwali. The logistics service provider, which hires young women to carry out instant parcel delivery services on two-whe…

Two more startups qualified for Startup India tax breaks

Two more startups have qualified for tax breaks as part of the Startup India programme, taking the total to 19. But even that is a very small figure considering over 800 start ups have applied under the scheme so far. The duo was picked at the third inter-ministerial board meeting on August 5 tha…

State govts lend support to SME platforms

The Small and Medium Enterprises (SMEs) platforms started in early 2012 by the two national bourses, BSE and NSE, to enable smaller companies to list and raise money, have found support from some state governments. The Gujarat and Rajasthan governments have announced subsidies to pay for the expe…