For dialysis patients in rural areas, a ride to the nearest city hospital for treatment is usually a trying one. But a state in southern India is now ensuring that it is no longer part of the deal, with a little help from a startup. The Andhra Pradesh government recently tied up with dialysis pro…
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Startup merger and acquisitions surge on funds crunch
As venture funding slows down, startups seem eager to sell themselves off. This is showing up in a surge in Mergers & Acquisitions (M&As). In July, there were as many as 36 M&As, almost twice that in June and about three times the January and February numbers, according to data from s…
GST Bill likely to pass in Monsoon session; SMEs bullish on the turn around
With the Monsoon Session kicking off, small and medium business players seem enthused by the likeness of Goods and Services Tax (GST) Bill being passed by the Parliament. The NDA government has sought an all-party support in the passage of this long-pending bill, which seeks to create a uniform i…
Awards are solution and suggestion that can propel the growth of MSME sector | Jitendar Sharma, CEO, AMTZ Project, Andhra Pradesh
All governments, whether at the Central or in the states, have been launching several innovative healthcare schemes and projects. Health system of all states is slowly gearing up to achieve social health goals with technical expertise now available everywhere. The Andhra Pradesh government for ex…
Entrepreneurs launch web series, online reality programme
When digital entertainment startup TVF Media Labs launched a comedy series on YouTube called ‘TVF Pitchers’ in June last year, exploring the lives of young entrepreneurs, it was quick to get about 1.5-crore views. Ever since, entrepreneurs, bitten by the startup bug and enterprises se…
Government allows 100% FDI for online grocery startups
In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…
New startups that meet government norms escape tax
New business entities, which meet the government-prescribed definition of ‘startups’, will no longer have to suffer the burden of ‘angel tax’. This will enable them to obtain investments from unregistered venture capital funds or high net worth individuals, without having …
No funds crunch for fashion startups
Fashion startups are in vogue this season. Despite the current funding crunch dogging the Indian startup space, startups specializing in fashion are drawing huge investor interest. In May alone, several fashion startups including 6Degree, Blinge, Shopwati, Hoppingo and Coutloot raised funds from …
Start-ups formed under Limited Liability Partnerships to get three-year tax holiday
The Modi-led Government has given a boost to the start-up ecosystem in the country by allowing start-ups, set up as Limited Liability Partnerships (LLPs), to be eligible for a three-year tax holiday. This forms part of the 55 amendments moved by Finance Minister Arun Jaitley to the Finance Bill 2…
Reliance Entertainment to invest in 20 Indian gaming startups
With mobile gaming gaining strong traction in the country, Reliance Entertainment has brought its focus back on the Indian market and is looking to invest in 20 gaming startups this year. Reliance Games, a part of Reliance Entertainment, has also announced investments worth over USD 50,000 in mar…