Top private sector banks with deep reserves are now playing venture capitalists to startups at a time when startup valuations are sliding and angel investors have become more cautious than before. ICICI Bank , HDFC Bank and Axis Bank have formed separate lending teams to fund small startups, main…
Tag: startups.
India introduces cheaper & faster patent registration for startups
Startups from the world over will now be able to register patents in India faster and at much lower costs under a ‘tatkal (instant)’ option offered under the latest amended patent rules. These benefits will also be available to entities that file their first application in India. Indi…
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…
Job portal Monster India to use database for funding startups
Job portal Monster has launched MakeIndiaWork initiative under which it will use its database to crowd source funds for entrepreneurial ventures with an aim to further boost the startup ecosystem in the country. ‘MakeIndiaWork’, a central hub will bring together startups, job seekers,…
Ujjivan expects modest growth on way to becoming a small bank
Bengaluru-based Micro Finance Institution Ujjivan Financial Services, which will hit the primary market on April 28 with a Rs 900-crore IPO, expects moderate growth in the next couple of years as it transitions into a small finance bank. “The RBI has told us for the first two years that we …
Gennext Hub, Invest Ottawa team up to connect India, Canada
GenNext Hub, a Reliance Industries Ltd-backed startup program, entered into a partnership with Invest Ottawa on April 20 to create a bridge to engage innovative startups from India and Canada. For starters, they have inked a Memorandum of Understanding (MoU) that includes co-branding, events invi…
20% of all applications received from smaller towns | Startup Expo
The Indian startup revolution is not limited to metros anymore; one-fifth of applications for a Startup Expo being organised by Lufthansa Airlines and The Indus Enterprise have come from smaller towns. Out of 34,000 applications for the one-day expo in Gurgaon this weekend, about 20% came from to…
Banks develop an appetite for start-ups
In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…
RBL Bank launches dedicated branch for startups
RBL Bank (formerly Ratnakar Bank) will open specialized branches for start-ups offering a bouquet of banking products to service their end-to-end needs. The first such branch was opened by the bank today at Koramangala in Bengaluru, home to several budding start-ups. The dedicated branch will ass…
Truckers in for a royal treat from logistics startups like Lobb, Trukky and BlackBuck
Inter-city logistic startups like Lobb, Trukky and BlackBuck are providing fringe benefits to truckers for inclusive growth of the trucking ecosystem. Discounted foods, parking & bed facility at dhabas, fuel & service station facilities, truck financing support and other benefits are attr…