A couple of years ago, there were worries that India wasn’t seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights. The US led …
Tag: MAS
Govt drops cap gains tax on startup shares held for 2 yrs
In a fresh boost to startups, the government on May 5 inserted an amendment to the Finance Bill to provide for capital gains tax exemption if shares of an unlisted company were held for more than two years. Currently, there is no capital gains tax on share transactions in listed companies if thos…
Tech startups snap at the heels of Asian private bankers
Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers. By aggregating all the monthly statements mailed to high net worth individuals on the multiple accounts they hold at different institutions, Singapore st…