The 'Voyager - Nomura FinTech Partnership' programme in India was launched earlier this year with an aim to build innovative solutions for CMIB that can be deployed across the firm and financial services industry, a company release said.
The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don't eat into working capital.
The programme is a joint initiative of Intellectual Property Office of government of India and Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Department of Industries and Commerce of the Kerala government, an FICCI release said.
Power utilities, tech start-ups and oil majors are fighting to establish themselves as the dominant players in the fast-growing business of charging stations “ but advances in electric vehicles means where they build them is changing.
In a video message to budding entrepreneurs on Twitter, the minister said the government has created a corpus of Rs 10,000 crore and has also decided to give guarantees to the tune of Rs 2,000 crore.
Start-ups can issue equity or equity linked instruments or debt instruments to FVCI against receipt of foreign remittance, said the document which incorporates all the changes made in FDI policy over the past year.
Ahead of the meet, Narendra Modi will hold a private chat with the CEOs over a dinner on Monday
The need for both large and small companies to be GST-compliant has given a huge boost to the fintech sector
"Delhi has all the right components, you have the entrepreneurs, the funders, the government, the capital and other complementary factors. We saw an ecosystem here which was needed for starting this initiative."
Alyssa Fitzpatrick, general manager of Microsoft's worldwide channel sales, on the sidelines of the ongoing annual partnership meet of Microsoft 'Inspire', said that some of the great things have been happening in the Indian market from an innovation perspective.
The government is increasingly focusing on manufacturing, research, and development, through its Make in India campaign
Gast said, then the main question would be how to have a sustainable infrastructure as start-ups need space, funding (VC and seed funding), mentorship and an environment where one can learn from one another.
Have the Start-Ups capitalised enough from the venture capitalist funding and have angel investors played the part of angels? Therefore the family offices have also sprung up and are now playing a critical role in funding these entrepreneurs, helping them in realising their ideas and translating these into big profitable businesses and probably creating the unicorns of tomorrow.
"...the GSMA is not collaborating with COAI in the development of the India Mobile Congress scheduled to take place in September," the GSM Association said in a statement.
The focus of the two-day event is to build capacities and promote fresh talent by giving them a platform to display their innovations, encourage greater learning, and strengthen the cadre of young rural innovators and start-ups, NIRDPR said in a statement issued here.
The Bharat Fund is a public-private-academia partnership set up by IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE) that helps entrepreneurs turn ideas into viable businesses.
Spearheaded by two advocacy groups Engine and National Venture Capital Association they urged Trump to reconsider the actions and their impact on America's economic future.
In an interview to PTI, Revenue Secretary Hasmukh Adhia said securities transaction tax (STT) was levied in 2004 and capital gains made out of STT-paid listed stocks are exempt from long-term capital gains tax.
The legacy issue of royalty taxability for use v/s right to use shrink wrapped software has been a matter of litigation for a very long period, especially under the Tax Treaty scenario.
The country's Central Statistics Office amended the way India counted its gross domestic product (GDP) numbers in January 2015, amending the base year to 2011-2012 from 2004-2005.
Sitharaman, the Commerce and Industry Minister, emphasised that industrial revolution "can give us answers", adding that countries like India cannot stay away from robotics.
The ministry has already suggested the finance ministry to consider raising tax holiday for start-ups to 7 years from the current 3 years to encourage budding entrepreneurs.
Some of the proposals may draw upon the recommendations that a Securities and Exchange Board of India (Sebi) panel on Alternative Investment Funds(AIFs) headed by Infosys founder NR Narayana Murthy had made last year.
The government is working on the assumption that in times of cash crunch, the best way to achieve higher spending is by raising disposable income through tax breaks.
With the original deadline of April rolling out the new indirect tax system looks missed for now, Finance minister Arun Jaitley is widely expected to announce GST's implementation schedule in the upcoming budget 2017-18.