New Delhi, Feb 20: In some bad news for the Modi government, Foreign Direct Investment (FDI) equity inflows to India from April to December 2018 have declined by seven per cent. Latest figures released by the Department for Promotion of Industry and Internal Trade (DPIIT) shows that India managed to attract almost $33.5 billion from […]
Bengaluru, Feb 20: Leading Indian IT firms’ share of revenue has increased as a proportion of the total revenue of the top tech services companies in the world. IT advisory firm Everest Group helped TOI look at 10 of the biggest global companies. Among the Indian heritage companies, Cognizant grew its share the most in […]
Mumbai, Feb 20: Indian market snapped its losing streak and closed with handsome gains led by large-cap names. The S&P BSE Sensex rallied over 400 points after 13 sessions while Nifty50 reclaimed 10700 levels. It posted best daily gain since Jan 31, 2019, when the index rose by 1.68 percent. The metal pack led the […]
Bengaluru, Feb 20: Walmart CEO Doug McMillon has said the changes in India’s FDI policy for the e-commerce sector have been “disappointing”, but they haven’t shaken Walmart’s “confidence and excitement” about Flipkart, where it acquired a 77% stake for $16 billion in August last year. “We feel good about the ability to transition with minimum […]
New Delhi, Feb 20: The government’s move to relax norms for start-ups will “unshackle angel investing” and unleash the next wave of entrepreneurship, helping India bolster its position as a leading start-up nation, said industry experts. This, they believe, would help bootstrapped firms in not only securing funds, but help further expansion. Angel investors believe […]
New Delhi, Feb 19: The central board of the Reserve Bank of India (RBI) on Monday approved the transfer of Rs 28,000 crore as interim dividend to the government, a much-needed transfer against the backdrop of a tight fiscal situation. “The board reviewed the current economic situation, global and domestic challenges and other specific areas […]
New Delhi, Feb 19: Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions by startups, an official said on Tuesday. Currently, startups avail tax concession only if total investment, including funding from angel […]
New Delhi, Feb 19: Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin’s personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, […]
Bengaluru, Feb 19: Ziploan, an online lending platform focused on small businesses, has raised Rs 90 crore in a funding round led by SAIF Partners as venture capital continues to flow into fintech startups. Existing investors like Matrix Partners, Waterbridge Ventures among others have also participated in this round, which will take the online lender’s […]
Mumbai, Feb 19: Global Rating agency Standard and Poor’s (S&P) on Tuesday warned that it’s time to turn cautious on rated Indian corporates as their revenue growth is likely to slow down in the next 18-24 months. Global risks such as stability of commodity prices as well as demand from the US and China will […]