Aadhaar-based eKYC: No discontinuation of mobile services, says government- Rich India! The country has 7,300 millionaires in 2017-18, wealth dominated by property and real assets
Big relief: Petrol, diesel prices cut for the first time in two months on softer crude
Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries' board
- Aadhaar-based eKYC: No discontinuation of mobile services, says government
- Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries' board
- Big relief: Petrol, diesel prices cut for the first time in two months on softer crude
- Rich India! The country has 7,300 millionaires in 2017-18, wealth dominated by property and real assets
SME News
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TDS decoded for startups: Salary, Rent, Fees and more; check what is your tax liability
October 17, 2018 3:21 PMUnderstand all about TDS for your startup. As a startup, you make certain payments wherein tax at a prescribed rate needs to be deducted by you. Similarly, you receive income which is tax deducted by the payer. Who is obligated to deduct TDS, and how much?
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OYO expands international presence with UAE foray
PTI | October 15, 2018 3:39 PMHospitality firm OYO Monday said it has launched operations in the United Arab Emirates as part of its expansion plans in the Middle East.
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After SoftBank, Microsoft invests in ride-hailing app Grab; to provide its expertise in AI, big data
Bloomberg | October 9, 2018 12:36 PMGrab counts Amazon Web Services among its existing cloud suppliers and has worked in the past with major shareholder Didi Chuxing to adopt new technologies.
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Priyanka Chopra invests in this billion dollar startup; key things to know about feminist dating app Bumble
FE Online | October 5, 2018 1:07 PMBollywood actor Priyanka Chopra has announced a partnership with the feminist dating app Bumble. The US-based billion dollar startup is all set for its India foray later this year.
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SoftBank nearing $500 million investment in ride-hailing firm Grab, say sources
Reuters | October 5, 2018 12:29 PMSoftBank first bought a stake worth $250 million in Grab in 2014 just as the two-year-old startup began competing with Uber Technologies in Southeast Asia. Toyota and financial firms led the fundings earlier this year.
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From co-working space provider to eggetarian outlet; how these startups are making a mark
FE Online | September 27, 2018 5:20 PMFor startups, Indian market currently extends a platform which proffers immense opportunity to the budding entrepreneurs to undertake successful business ventures.
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Foodpanda expands to 13 new cities including Lucknow, Guwahati, Visakhapatnam
PTI | September 27, 2018 4:21 PMOnline food ordering and delivery platform Foodpanda India Thursday said it has expanded its delivery network to 13 new cities as part of its expansion strategy.
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OYO raises $1 billion from Softbank, others; eyes major China expansion after disrupting Indian hotel industry
FE Online | September 25, 2018 1:41 PMAfter disrupting India’s hotel industry to a great extent, homegrown startup OYO has now set its sight big on its next target: China.
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MSME loans: Private banks, NBFCs eat into PSU banks’ market share, says Transunion Cibil, Sidbi joint report
PTI | September 17, 2018 4:43 PMState-run banks’ market share in loans to the micro, small and medium enterprises (MSMEs), a major thrust area for the government, has dipped on aggressive play by private sector banks and NBFCs, a report said Monday.
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Go-Jek, Indonesia’s most valuable startup, is said in talks to raise at least $2 billion
Bloomberg | September 17, 2018 2:44 PMGo-Jek, Indonesia’s most valuable technology startup, is in talks to raise at least $2 billion to fuel an accelerated expansion overseas, according to a person with direct knowledge of the matter.
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An Estonian startup is undercutting billion-dollar gaming stores
Bloomberg | September 17, 2018 2:37 PMUltra plans to use blockchain technology to process payments and offer tokens to gamers who use its platform. It also plans to initially offer between 150 and 200 games.
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Mumbai startup m.Paani in Google’s Launchpad Studio; how this rewards app helps small retailers with AI
FE Online | September 6, 2018 5:30 PMApproximately 86% of the transactions by Indian consumers occur within a 3-4 km radius of home at local businesses and there are over 15 million of these local businesses in India.
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IndianStartupFactory gets Sebi’s nod to launch Rs 200-crore fund
PTI | September 5, 2018 6:15 PMMarkets regulator Sebi has given approval to IndianStartupFactory to launch Rs 200-crore maiden India venture capital fund which will invest in startups as well as small and medium enterprises (SMEs).
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Zomato users may not find their favourite restaurants on list anymore! Here’s why
FE Online | September 5, 2018 3:26 PMZomato’s de-listing: In a blog post on Tuesday, Goyal wrote that the de-listed restaurants were not able to furnish an FSSAI license to Zomato.
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5 ways to ensure that your start-up does not burn out
September 4, 2018 3:36 PMOne of the main reasons why start-ups shut down is that they run out of cash because of a high burn rate. While start-ups and investors are mostly concerned about net burn rate, they should be equally concerned about gross burn rate as revenues can quickly dip due to a range of micro and macro reasons, not excluding an economic downturn.
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Ex-Flipkart employees’ startup Udaan becomes India’s fastest Unicorn; raises funds at $1-billion valuation
FE Online | September 4, 2018 2:11 PMUdaan had raised $50 million in Series B funding round in February this year from Lightspeed Venture Partners and Yuri Milner’s Apoletto Fund.
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OYO moves from budget to luxury, launches upper-end leisure property in this city: See pics
FE Online | August 30, 2018 5:08 PMOYO on Thursday said it is currently partnering with select resorts that offer amenities including spacious and aesthetically designed rooms, private villas and beaches, gourmet dining, spa and other recreational provisions.
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Hypersonic Advisory is result oriented and impact is demonstrated within 90-100 days from start, says Venkatesh Rangachari
Arunava Biswas | August 29, 2018 6:57 PMHypersonic Advisory is looking at SMEs and start-ups who have a huge amount of passion, great business ideas, adequate capital but are not at optimal growth as they are under-served with respect to best in class Business, Marketing, GTM and operations experience and capabilities.
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HoloSuit, augmented reality startup, gets funding from Singapore, India investors
FE Online | August 23, 2018 7:44 PMHoloSuit Pte Ltd, an augmented reality startup, has got funding from Singapore and India-based investors.
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MSME loans underreported by Rs 10 lakh crore? Here’s why small business credit is much more than you think
Ashish Pandey | August 21, 2018 12:35 PMNearly Rs 10 lakh crore worth of loans were under-acknowledged as a bulk of these were disbursed to the proprietors who in turn used them in their businesses, a report said.
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Funds boost: Indian startups get $4.4 billion this year; Paytm, BigBasket, others raise over $100 million each
Anuradha Choudhary | August 20, 2018 2:10 PMThe year started with the fresh funding round by food delivery startup Zomato in February, raising about $200 million from Ant Financial Group, followed by Paytm, which raised about Rs 2,900 crore (around $450 million) in April 2018 from SoftBank Investment Holdings and existing investor Alibaba to fuel its growth plans.
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Fintech startup CASHe targets Rs 800 cr loan book by fiscal end, backs Modi government’s Digital India
Arunava Biswas | August 16, 2018 3:15 PMBacking Prime Minister Narendra Modi’s Digital India, V Raman Kumar of CASHe says the government has taken several initiatives to boost the FinTech ecosystem.
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Online food delivery platforms under government scanner: FSSAI to conduct large scale audit in September
FE Online | August 10, 2018 5:31 PMAccording to the FSSAI, despite guidelines operationalised for e-commerce food business operators in February 2018, several complaints were received by the food regulator with respect to sub-standard food being delivered through these platforms.
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Paytm acquires Bengaluru-based startup Balance Technology; deal size said to be $2 million
PTI | August 9, 2018 2:42 PMAccording to Balance Technology’s website, the company helps users invest as per goals that they have set, allowing them to earn up to 8.7% in returns without lock-in periods.
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Azim Premji pumps Rs 400 crore in glass manufacturing company, and for this reason
FE Online | August 9, 2018 12:40 PMThe family investment arm of Azim Premji — Premji Invest — has pumped Rs 400 crore in domestic floating glass manufacturer Gold Plus Glass Industry Ltd.
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Ola’s latest threat to Uber: Indian cab aggregator drives into UK after speeding in Australian lanes
Reuters | August 7, 2018 1:01 PMThe Bengaluru-based outfit appears to be executing Uber’s strategy in reverse, moving from emerging to developed markets in search for profit, as the cost of competing at home rises.
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Baring Private Equity invests Rs 150 crore in NBFC Capital Trust
FE Online | August 2, 2018 5:58 PMCapital Trust plans to use the fund to fuel its growth and expansion plans and cater to unbanked population, thus encouraging self-sufficiency and entrepreneurship in the country.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
