You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Cautiously Optimistic

DNMUM412181 | 4/16/2018 | Author : Priyanka Golikeri | WC :595

Tax concessions on investments up to `10 crore will ease the flow of funds into the ecosystem, accelerate innovation, technology adoption and growth

It’s time to be optimistic, albeit in moderation.
Start-ups received a slight pat on the back when the government recently announced that they can avail full tax concessions on investments of up to Rs 10 crore that they have got from investors including angels. 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.
Angel investors come i
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Caught in a handshake
DNMUM424659 | 10/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :671

As start-ups race ahead to acquire emerging competitors, a clutch of high-profile, big branded start-ups are debating mergers with their equally competent rivals.Speculation about an Ola-Uber merger in India has been gathering storm since a

Add To LightboxCalculate Price

Why ship repair yards lag global peers
DNMUM424668 | 10/23/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :883

Mumbai: Drydocking facilities for ship repairs in India are far from adequate as compared to shipbuilding capacities. Hence, the country’s ship repair industry is no match for the global competition.As per a research paper - A Comparative St

Add To LightboxCalculate Price

ZEE secures tech patent from US
DNMUM424672 | 10/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :123

Mumbai: Global media and entertainment firm ZEE Entertainment Enterprises Ltd (ZEE) has secured a patent from the United States (US) for a technology platform developed by its unit ZEE Media Lab in the Silicon Valley.
Built on robust and state-o
Add To LightboxCalculate Price

Nokia bets on 4G feature phones
DNMUM424673 | 10/23/2018 12:00:00 AM | Author : Mansi Taneja | WC :652

New Delhi: The latest entrant in the fast-growing 4G feature phone market, Nokia, is betting big on the category that has created enough buzz in the last year since the new telecom player Reliance Jio launched its 4G feature phone at dirt ch

Add To LightboxCalculate Price