Monday, November 25, 2019, 1:08 PM
Digital payments company Paytm said it has raised $1 billion in a financing round led by US asset manager T Rowe Price with existing investors Ant Financial and SoftBank Vision Fund also participating. This is the largest amount raised by an Indian startup this year. The company said this values it at close to $16 billion.
Sunday, September 15, 2019, 12:15 PM
Stressing that Government is focused on exports-promotion and is aware of the hiccups being faced by the exporting fraternity, Union-Finance-Minister Nirmala Sitharaman announced a slew of measures to revive business-sentiments among country's exporting fraternity. "The Government is to extend the scheme of reimbursement of taxes and duties for export-promotion and it will also offer higher-insurance cover to banks lending working-capital for exports," said Sitharaman.
Saturday, September 14, 2019, 10:27 AM
Zomato is all set to launch 18 original shows over the course of the next three-months, starting Monday. This will be available in the new 'Videos' tab in the Zomato-app. These will be categorized by genre, letting users watch 3-15 minute videos across shows, recipes and sneak peek restaurant stories. Zomato said that it will launch more than 2000 videos that include Zomato Originals.
Friday, September 13, 2019, 3:22 PM
Zomato has suspended its 'Infinity Dining' programme from its app amid issues with restaurants over "deep and unsustainable" discounting. Introduced in July, the 'Infinity Dining' programme allowed Zomato Gold subscribers to order unlimited food and drinks at a set price from the menu of partner restaurants for a limited period of time.
Saturday, August 24, 2019, 9:11 AM
In a relief to startups regards the dreaded angel-tax, FM Nirmala Sitharaman announced that Section-56(2)(viib) of the Income-tax Act shall not be applicable to a-startup-registered with DPIIT. "That section is important for income-tax so it will continue. However, it will not be applicable to registered startups," she said. Industry experts were enthusiastic saying that exempting startups from application of the angel-tax is indeed a-heartening-development.
Sunday, August 11, 2019, 9:01 AM
The Society for Innovation and Entrepreneurship at the IIT Bombay has incubated 140-startups in the last 15-years. Speaking during the 57th convocation ceremony, Subhasis Chaudhuri, Director, IIT Bombay, said that these startups gave birth to 360 entrepreneurs, who in turn created more than 3,600 employment opportunities. SINE has been selected as 'Centre of Excellence' by the Department of Science and Technology, Government of India.
Tuesday, July 9, 2019, 6:20 PM
Food delivery platform Zomato has acquired non-profit organisation Feeding India for an undisclosed amount with an aim to deal with the issues of hunger and food wastage across the world. Feeding India will continue to be a non-profit entity and Zomato will fund the operations. It will also fund the development of the Feedi.ng app which will connect donors and volunteers at scale.
Friday, June 28, 2019, 2:48 PM
The government is looking to phase out the licensing requirement of businesses in an attempt to reach the top 50 in the World Bank's "ease of doing business" ranking, said the source. According to the report, the Department for the Promotion of Industry and Internal Trade (DPIIT) has given a draft Cabinet note on a policy proposed for inter-ministerial consultation.
Monday, May 13, 2019, 6:12 PM
Rajasthan government has given out funds ranging from Rs.1.2 lakh to Rs.20 lakh to over 30 startups as part of its program iStart Rajasthan. The funds were disbursed under the program's financial incentives like sustenance allowance, seed funding, marketing assistance and Techno Fund. The startups that received funding reportedly included Hippo Cabs, mPass and others.
Tuesday, April 30, 2019, 5:11 PM
Moscow is the 10th best city in the world for startups, followed by Bengaluru, StartupBlink Startup Ecosystem Ranking said on Tuesday. Moscow moved up from 14th position in 2017 to 10th position, while Bengaluru moved from 21th position to 11th position, bypassing cities such as Tokyo, Paris and Hong Kong. San Francisco has been crowned the world's best city for startups.
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