Friday, August 11, 2017, 7:04 AM
India and the US will co-host Global Entrepreneurship Summit (GES) at Hyderabad from November 28 this year and the American delegation will be led by US President Donald Trump's daughter Ivanka Trump. This was announced by Prime Minister Narendra Modi on Thursday. "The Summit is a unique opportunity for bringing together entrepreneurs and start-ups with global leader," Modi tweeted.
Thursday, August 10, 2017, 11:43 AM
Prime Minister Narendra Modi will interact with young entrepreneurs, including startup founders and CEOs, later this month to get their views on policymaking in the first such exercise in the country. The NITI Aayog has shortlisted 150 names each to participate in two meetings that the PM will chair: first on August-17 with young entrepreneurs and the next on August-22 with young CEOs.
Thursday, August 10, 2017, 8:14 AM
A total of over 130 internet start-ups have closed down operations in the first six months of calendar year 2017, with the e-commerce and foodtech space contributing to the deadpool the most. According to data analytics firm Tracxn Technologies, 19 retail e-commerce start-ups wound down and formed a significant part of the deadpool list this year.
Tuesday, August 8, 2017, 8:30 AM
Angel networks which serve as vital-link between startups scrounging for funds and faceless investors, are being scowled at by the financial market regulator. SEBI has shot off notices to at least half a dozen angel firms in the past one-and-a-half months, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law.
Tuesday, August 8, 2017, 7:38 AM
Over 2,196 new ventures have been recognised by the Department of Industrial Policy and Promotion (DIPP) since the launch of Startup India, easing patent filing and credit availability for them. Government data shows there has been a spurt in registrations of startups following the change in definition in May 2017, which did away with the requirement of a recommendation letter from an incubator.
Tuesday, August 8, 2017, 7:19 AM
Health and wellness startup Cure.fit has signed on actor Hrithik Roshan as brand ambassador in what is touted as one of the largest endorsement deal signed by an Indian startup. The five-year association, valued at Rs 100 crore, includes the actor’s equity stake in the company in lieu of cash investment, promotions and royalty from his personal brand HRX’s specialised workout plan.
Thursday, August 3, 2017, 7:42 PM
The National Academy of Agricultural Research Management (NAARM) on Thursday launched "AGRI UDAAN" programme in which selected startups will be trained to develop innovative agriculture products. The startups will learn about different aspects of capacity building such as technology commercialisation, business plan preparation, finance management, said Ch. Srinivasa Rao, Director of NAARM.
Monday, July 31, 2017, 8:59 AM
Vanguard, one of the world's largest asset management company, has marked up the valuation of two poster boys of Indian startup ecosystem - online retailer Flipkart and cab-hailing app Ola - according to filings made by one of the funds managed by the firm.While Vanguard World Fund has marked up Flipkart's valuation by up to 64%, Ola's was marginally moved up by 12%.
Saturday, July 29, 2017, 3:02 PM
Indian banks are saddled with bad debt and as the banking industry goes about recovering about Rs 8 lakh crore in doubtful loans, the new Insolvency and Bankruptcy Code is expected to provide the much-needed teeth to the financial institutions. Aspects like a time bound recovery period for corporates, simpler ways for creditors to initiate bankruptcy proceedings means there would noticeable impact on companies, including start-ups.
Wednesday, July 26, 2017, 6:47 PM
The government is in the process of formulating a Rs.2,000 crore credit guarantee scheme to enable startups to raise loans without any collateral, parliament was told on Wednesday. "Government is formulating a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of Rs.2,000 crore that will enable startups to raise loans without any collateral for their business purposes," Commerce Minister Nirmala Sitharaman said.
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