Start-ups News

According to the venture capital firm Elevation Capital, the performance of employees continued to hold 50 percent of the weightage on salary increments while taking on additional responsibilities and receiving a promotion factored in about 20 percent.

In H1 2023, the leading investors were IPV and Y Combinator and the largest funding round (in April) was reported by edtech unicorn Byju at $700 million.

Notably, these startups have secured Series A and Series B funding, are well-capitalised, and are actively seeking to hire new talent.

The first unmanned biryani takeout location in India has been established by Bai Veetu Kalyanam, or BVK Biryani, in Kolathur. The business soon plans to open 12 other sites throughout the city.

"We have already moved from the 10th largest to the 5th largest economy, and have a young demographic dividend that is being recognised as our biggest asset," Goyal pointed out.

The government calls it a success as hundreds of start-up's have been established in Jammu Kashmir that not only promote the local traditional businesses but also generate employment for hundreds of educated youngsters.

The PSL will include bank finance to start-ups for up to Rs 50 crore. The targets prescribed for “small and marginal farmers” and “weaker sections” are being increased in a phased manner. Higher credit limit has been specified for Farmers Producers Organisations.

Tomar said the Agriculture Ministry is funding start-ups under the innovation and agripreneurship component of Rashtriya Krishi Vikas Yojana In the first phase (2020-21), 112 startups in the area of agro-processing, food technology, and value addition will be funded for a sum of Rs 1185.90 lakhs This fund will be released in instalments to contribute in enhancing the income of farmers, he added

For recovering pending taxes from start-ups under a specific provision of the Income Tax Act.

Airtel Business, is the B2B arm of telecommunications service provider Bharti Airtel.

The government will come out with three new policies, including electronics manufacturing and data protection, as part of its efforts to make India a USD 1 trillion digital economy in a few years.

Commerce and Industry Minister Nirmala Sitharaman today indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.

Amid the corporate war raging within Tata Sons, which has also highlighted Ratan Tata`s work as angel investor in startups after his earlier retirement in 2012, startup founders have come out in strong support of the Tata scion.

In an unprecedented move, the Indian Institute of Technology-Bombay (IIT-B) on Thursday released the names of nine companies it has blacklisted for allegedly going back on plum job placements they offered to its students.

The companies such as Pepper Tap, Zimply and many more won't be allowed to participate in the placement session this year.

Amid a huge controversy over loan defaults by Vijay Mallya-led UB Group firms, regulator Sebi plans to choke fund-raising taps for 'wilful defaulters' while fund-raising norms are set to be made easier for start-ups as part of wide-ranging reforms in capital markets.

A five-fold hike has been made by the government in its budget for funding start-ups in the next fiscal, a move which is in line with Prime Minister Narendra Modi's ambitious 'Start-Up India' initiative.

A bill to amend the Companies Act will be introduced in the current session of Parliament for greater ease of doing business, including for facilitating registration of a new company in just one day, Finance Minister Arun Jaitley said Monday.

Markets regulator Sebi will consider next month proposals regarding favourable tax regime and steps to bring in long-term capital from domestic and overseas investors in alternative investment funds (AIF), including for start-ups and through avenues like crowdfunding.

Ratan Tata has invested in specialty tea firm Teabox, thereby continuing his long series of investments in various start-ups globally in the recent past.