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Idea's proposal seeking 100 pc FDI under DIPP consideration
Sun, Apr 22, 2018
The proposal assumes significance against the backdrop of pending merger of Idea Cellular Ltd and Vodafone India to form the country's largest telecom operator. The present foreign direct investment policy allows an overseas firm to buy up to 49 per cent stake in an Indian telecommunication company under automatic approval route. But government's approval is required for stake above 49 per cent .
Relief for start-ups in India; Rs 10 cr tax concession set to boost segment
Mon, Apr 16, 2018
This means that start-ups can seek out tax concessions under Section 56 of the I-T Act by applying for a merchant banker certificate from the Inter-Ministerial Board (IMB) that has been set up by the Department of Industrial Planning and Promotion (DIPP). According to Harsh Shah, co-founder of online fashion platform Fynd , this move will certainly boost support towards start-ups and will witness more activity from angel investors towards the sector
DoT awaits FDI clearance for Idea to approve merger with Vodafone
Sun, Apr 15, 2018
"Only FDI clearance for Idea is pending before merger of Vodafone (India) with it. FDI limit needs to be raised in FDI for clearing both the deals of Idea -- sale of tower to ATC and Vodafone merger," a government official told PTI. Idea Cellular has sought to raise FDI limit in the company to 100 per cent
Startups with up to Rs 10-cr investment to get tax concession
Thu, Apr 12, 2018
Several startups have raised concerns to taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity. As many as 18 startups have got notices from tax authorities.
Incentives for green tech, artificial intelligence likely in new industrial policy
Sun, Feb 18, 2018
The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991.
Startups await govt policy to ease their concerns
Tue, Feb 06, 2018
Often times founders struggle to explain their concept and viability of their business for availing fund
Startups floated before 2016 may get breather from angel tax
Mon, Feb 05, 2018
The government has also reportedly asked tax officials not to pursue cases against startups
Idea Cellular seeks govt nod for raising FDI limit to 100%
Sat, Jan 27, 2018
At present, 100 per cent FDI is allowed in telecom companies, of which up to 49 per cent can be done through the automatic route. The inflow of overseas investment beyond that level requires government approval because of security reasons.
India, Israel ink nine pacts on cyber security, other sectors
Mon, Jan 15, 2018
India today assured Israeli firms to resolve their concerns and make things easier for them to do business here.
Amazon plans to open first physical food-only outlets in India; to sell local products on offline & online platforms
Thu, Feb 16, 2017
Amazon is planning to open first physical food-only oultets in India to sell locally produced food items on offline as well as online platforms.
Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017
Mon, Jan 16, 2017
Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.
'CPSE ETF is a good platform for investors to park their funds in this volatile market'
Thu, Jan 12, 2017
We are offering 5% discount for all categories of investors, but retail investors will be given preference in allotment in the non-anchor portion. This is a good opportunity for the retail investors to invest in the Maharatna and Navratna companies of the Government of India.
Patent filings by Indians up 2% to 8,273 in April-November
Wed, Jan 04, 2017
With the government taking steps to promote intellectual property rights (IPRs), filing of patents by Indians have increased by about 2% to 8,273 during April-November this financial year.
FDI up 27% at $27.82 billion in April-October this fiscal
Wed, Jan 04, 2017
India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan.
Govt introduces 8 reforms to push India's 'Ease of Doing Business' ranking to top 50
Tue, Dec 20, 2016
In an effort to improve the ‘Ease of Doing Business’ ranking of India to top 50 countries in the World Bank report, the government announced the formation of Nodal Departments for a ‘reform process.’
Govt expects high FDI inflow momentum to continue in 2017
Fri, Dec 16, 2016
Pinning hopes on a slew of foreign direct investment (FDI) reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year. FDI inflows in January-September jumped 21% to $32.18 billion.
Apple holds talks with Indian government on opening stores
Wed, Dec 07, 2016
Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.
Amazon launches 'Launchpad' in India; will support Indian startups
Tue, Dec 06, 2016
E-commerce giant Amazon on Monday rolled out its global programme 'Launchpad' in India to provide startups in the country a platform to market, sell and deliver products across the globe.
Sebi eases norms for angel funds to boost investment in start-ups
Wed, Nov 23, 2016
Some of the norms that it has eased for angel investors include the reducing the lock in period and smaller investment amounts in start-ups.
Amazon to start 'Great Indian Festival' sale from October 1
Thu, Sep 22, 2016
Amazon.In will flag off its 'Great Indian Festival' sale from October 1, a day ahead of rivals Flipkart and Snapdeal.