Whether yours is a small business or a multinational conglomerate, you can bank on two things: a lot of your information will be geographically referenced, and the more information you have, the harder it becomes to manage and interpret. In such complication, Geographical Information System (GIS)…
Tag: Startup India
HDFC Bank launches dedicated product for start-ups
Country’s second largest private sector lender HDFC Bank launched a dedicated product for start-ups which will offer banking, payments and forex services. The product’s features include enhanced transaction limits with no minimum balance requirement for the first six months, customise…
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
Uber to mentor start-ups
In sync with ‘Startup India’ initiative, app-based taxi-hailing service provider Uber on March 3 said it would mentor and help 10 start-ups with funding under ‘UberExchange’ programme. As many as 750 start-ups are participating in the programme. The company will host six l…
Jewellery duty may dim start-ups’ prospects
Finance Minister Arun Jaitley’s Budget announcements were in line with the expectations of most start-ups. It was an affirmation of what had been promised by Prime Minister Narendra Modi at the ‘Startup India’ initiative in January. However, the proposed one per cent excise duty on branded jewell…
Indian railways mull incubators to promote start-ups
Indian Railways, owner of India’s largest online e-ticketing marketplace Indian Railway Catering and Tourism Corporation (IRCTC), plans to dive into the start-up ecosystem. With an initial fund allocation of Rs 50 crore, it plans to start incubators where its employees would get assistance to ope…
Economic survey 2016 | 19,000 startups in India but exit options are bleak
While India’s startup ecosystem continues to develop at a rapid pace, the exit options for risk capital investors, who have poured in billions of dollars backing home-grown ventures, remain bleak, according to the Economic Survey 2015-16 released by the Government on Friday, and which was t…
Google, TechHub join hands to boost ‘Startup India’ initiative
Internet giant Google and global community for tech entrepreneurs TechHub on Wednesday announced their global partnership that will benefit startups from India for the first time. The partnership with Google for Entrepreneurs will bring more opportunities to TechHub’s 700-plus tech startups…
SIDBI okays Rs 600 crore under India Aspiration Fund
The Small Industries Development Bank of India (SIDBI) has approved Rs 600 crore under the India Aspiration Fund so far, said the Joint Secretary and Chief Vigilance Officer, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Shailendra Singh on February 21 Singh pa…
Deserving companies to draw benefits of ‘Startup India action plan’
The government has set out the definition of a ‘startup’ to ensure that only deserving companies draw the benefits of its ‘Startup India Action Plan’ and to “create a conducive environment for startups in India”. As per a government notification, ‘startup…