tax deduction, Startup India, startup boost, boost for startup, Angel Tax, Business news

Promotion of startups: Listed companies and relatives of the founder can also get exemption from Angel Taxes.

In order to promote startup funding, the central government is considering increasing the tax exemption for Angel Investors, in addition to the listed companies, relatives of the founders and some ‘recognized investors’. They may be allowed to fund up to Rs 50 crore possibly in startups. Under current provisions, they get tax rebates on funding […]

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solar powered bus, Smart bus, Punjab students, driverless bus, Car Bikes News

The country’s first solar powered-driver less bus built by the students of Punjab, the price is only 6 lakhs.

The students of Lovely Professional University (LPU) of Punjab have prepared the country’s first smartbus. This is not just a solar powered but also a driver less. This car was presented in the 106th Indian Science Congress (ISC). The cost of this fully pollution-free bus is around 6 lakh rupees. Electric motor runs with the […]

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FDI,Ecommerce,Govt ecommerce policy,FDI rules in ecommerce,Ecommerce norms,FDI rules,flipkart ,amazon

New FDI policy: E-commerce companies do not agree to ‘delivery’ on February 1! They need some time.

Amazon, Walmart’s Flipkart and the other online marketplace can ask the government to make the recent changes in the Foreign Direct Investment (FDI) rules for e-commerce have not been implemented since February 1. People familiar with the matter told that these companies say that changing business models in such a short time is not easy, […]

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Zomato, swiggy, online food supply chain, FSSAI, BigBasket, Business news

FSSAI has issued revised guidelines, which will also affect the delivery of online food delivery platforms like Swiggy and Zomato.

The Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines, which will also impact on food delivery platforms such as Swiggy and Zomato with online grocery store like Grofers and bigbasket. They told that in the interest of the customers and they’re increasing the monitoring system of e-commerce food companies. FSSAI said […]

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patanjali, ramdev baba, patanjali business down, financial data , tofler

Patanjali’s business is going down due to hard competition and GST, worst performance since 2013

Yoga Guru Ramdev’s company Patanjali Ayurveda’s sales and its profits have come down significantly in the financial year ending March 2018. One of the reasons for this is that in order to answer Patanjali, especially multinational companies have launched a number of natural and herbal products. Among them, Patanjali Goods and Services Tax was trapped […]

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walmart, Flipkart, Ecommerce, binny resignation, binny bansal, Business news

Bansal’s resignation that raises more questions than it answers.

Binny Bansal, the co-founder and group Former CEO of the country’s leading e-commerce company Flipkart, resigned from his post on Tuesday. On the resignation, the company’s largest shareholder Walmart, issued a very confused statement, in which they said that the decision has been taken against Binny after allegations of “serious personal misbehavior”. Binny, while rejecting […]

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