Now there’s a larger definition for startups….. India has finally broadened the definition of ‘startups’ eligible under ‘Startup India Initiative.’ In a move to boost entrepreneurship and employment, Modi government has upped the age of startups, to seven from five now; relaxed the norms for tax benefits and included employment generation potential. According to a…
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‘Make in India’ ushers in ‘Buy in India’
Cabinet approves policy for buying in India… In a move to promote ‘Make in India’ flagship programme, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a policy for providing preference to it in government procurements. The new policy will give a substantial boost to domestic manufacturing and service provision, thereby…
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Who gets the ‘GeM’? Flipkart or Amazon?
Flipkart and Amazon strongly compete over GeM now. Catch the latest update... Bigwigs in the e-commerce business, Flipkart and Amazon, are eyeing to tap into the government’s biggest buying platform from the country, for purchases. Sources have revealed that both these companies are interested to avail the managed service provider(MSP), against a request for proposal…
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Startup India Summit begins in UAE on Tuesday
More to share on the startup tale. Have a quick look... In a historic move, the Consulate General of India (CGI) holds its first two-day ‘Startup Summit’ in the UAE on Tuesday. The event is organised by CGI in partnership with iSPIRIT, a non-profit organisation, supported by TiE, Dubai. It aims to provide a transparency…
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SoftBank Vision Fund raises $93 billion in its first tranche
The Vision Fund would invest in and acquire both listed and technology firms and startups in areas such as Artificial Intelligence, Robotics, among others. An investment panel, including Misra & Masayohi Son, SoftBank chairman and CEO will finalize these bets. The Vision Fund will be deployed for over five years, with an exit timeline of…
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Be innovative or shut down, says recent IBM study
Innovation is the new mantra for a startup success. Scroll down for more… As a developing country, India might have created a special place for itself in the startup sphere, however the tenure is not going to last too long, says a recent IBM study. As per the report, the main reason has been identified…
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