November 22, 2024 21:12 (IST)
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Nirmala Sitharaman proposes abolishment of angel tax to bolster Indian start-up eco-system

Union Finance Minister Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors while presenting the Union Budget 2024-25 in Parliament on Tuesday.

Expert committee makes recommendations to prevent externalisation of Indian starts ups

New Delhi: A committee of experts focusing on understanding the reasons behind the externalization of Indian start-ups recently submitted its report to IFSCA.

Startups will increase 10 times in the next 4-5 years: MoS Rajeev Chandrasekhar

Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar, highlighted India’s remarkable progress in building unicorns and startups, how they have successfully entered areas in emerging technologies, such as AI, Web 3, and deep tech.

India's remarkable economic scale and market potential enable startups in global startup ecosystem: Piyush Goyal

New Delhi: Union Minister Commerce Minister Piyush Goyal has said that India's remarkable economic scale and market potential have played a pivotal role in enabling startups to flourish and thrive in the global startup ecosystem.

Kolkata: US Consulate, KIIT Technology Business Incubator join to host three-day Regional Startup Network workshop

Kolkata: The US Consulate Kolkata collaborated with KIIT Technology Business Incubator to host a three-day 'Regional Startup Network (RSN)' advanced workshop at the American Center, starting on Thursday, to build entrepreneurial capacities of select startups from India, Nepal, Bhutan, and Bangladesh.

Government today thinks like a startup, relentlessly focusing on newer and better ideas to improve efficiency: Piyush Goyal

New Delhi: Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Monday said that the Government today thinks like a startup, relentlessly focusing on newer and better ideas and striving to saturate them throughout the country to improve efficiency, effectiveness, productivity, transparency and integrity of systems and processes.

ESOPDhan to ease owning stock by high growth startup employees

Mumbai: ESOPDhan, a newly founded financial services firm, which seeks to ease the acquisition of stock options by employees of high-growth SaaS start-ups, is all set to unveil its lending offerings.

NASSCOM to host  Bengal Entrepreneurs’ Summit on Technology on Jan 19, over 400 companies to participate 

Kolkata: NASSCOM, the premier trade body of IT and ITeS sector, on Wednesday announced its Bengal Entrepreneurs’ Summit on Technology carnival will take place on Jan 19 in Kolkata where more than 400 companies will partcipate.

Sithraman urges startups to innovate to tackle climate change, boost millet production

Bengaluru/IBNS: Union Finance Minister Nirmala Sitharaman Saturday urged the startups to foray into less glamorous areas like climate change, millet production and improving the condition of farmers, said media reports.

India crosses 75,000 recognised Startups

New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups- a milestone which coincides with 75th year of independence.

Recognised startups jumped from 471 in 2016 to 72,993 in 2022 due to active govt intervention: Ministry of Commerce & Industry

New Delhi: Recognised startups in India shot up from 471 in 2016 to 72,993 in 2022 (as on 30th June 2022) across 56 diversified sectors propelled by the Startup India initiative, according to Minister of State for Commerce and Industry Som Parkash's written reply to the Rajya Sabha last week.

Creation of employment will be driven by startups during next 25 yrs : Rajeev Chandrasekhar

New Delhi/UNI: Union Minister of State for Electronics and Information Technology, Skill Development and Entrepreneurship Rajeev Chandrasekhar on Saturday said that during the next 25 years, the Indian economy's growth and expansion, as well as the creation of employment and investments, will largely be driven by the country's startup and entrepreneurial ecosystem.

Startups seek 'booster dose' in form of tax incentives from Union Budget

Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.

HDFC Bank signs MoU with AIC STPINEXT INITIATIVES to support start-ups

Mumbai/IBNS: HDFC Bank has signed an MoU with AIC STPINEXT INITIATIVES, a special purpose vehicle for Software Technology Parks of India's (STPI) to cater to the banking needs to start ups and other value-added services under SMARTUP Programme.

Venture Garage announces Kotak supported FY2019-20 edition of Find Your Investor programme

Kolkata/IBNS: Venture Garage (a company which handholds startups to help them raise capital), in association with Kotak Mahindra Bank (Kotak), has announced the Financial Year 2019-20 edition of its annual fund raising platform, Find Your Investor (FYI), for start-ups.