One of the key things to be looked at will be the change in the strategies of the domestic firms such as Flipkart and Snapdeal to fight the US-based rival Amazon.
E-commerce major Flipkart is putting in place a strategy to scale up a low-cost delivery model, which it piloted in a few cities in 2016, in about 50 cities this year. The move is aimed at slashing logistics costs and reduce pressure on delivery network.
Moneycontrol.com conducted a survey of Indian startups across sectors to get a sense of their suggestions for the Modi government this Union Budget. Startups were questioned on a range of issues including tax holiday, demonestisation, investment climate and Startup India policy. Here are the results:
Startups were questioned on a variety of issues ranging from tax holiday to startup policies. Here‘s a summary of what Indian startup CEOs and entrepreneurs feel
While startup CEOs and tech world echoed against protectionism, the survey conducted two months after the controversy paints a different picture
The Indian arm of world‘s largest transportation network company, Uber India, expects the government to provide more measures of smooth digital transactions for its users in the 2017 Budget.
The startup will be a finance company which shall provide loans to the short term small loan borrowers. It will cater to the market of Individuals who do not have a credit history or have a bad credit history and are employed with a consistent salary record.
Flipkart plans to halve its monthly spend to USD 20 million from USD 45 million as it prepares to raise USD 500-800 million in fresh capital, ET reported on Monday citing two people aware of the development.
India‘s internet companies are raising their voice against the equalization levy also termed 'Google tax' that was imposed in last budget even as the finance minister is expected to widen the tax net for such a levy
A lot needs to be done to bring back the consumer sentiment, encourage startups, lower taxes and improve infrastructure
In a regulatory filing on January 24, Fidelity reported value of its 52,096 shares in Flipkart at USD 2.7 million (USD 2,715,764), or USD 52.12 per share, as on November 30, 2016.
A San Francisco-based software company founded by an IIT alumnus will be acquired by American technology giant Cisco for USD 3.7 billion.
Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said.
India Inc is expecting some move on easing the country's tax system in the upcoming Budget. Dramatic simplification of income tax process and rates is expected, especially for the small industries, said V Vaidyanathan, Chairman of Capital First.
It‘s quite disappointing that out of the 1600 applicants only 8 startups have been approved for availing the tax benefits.
R&D has a significant role to play when it comes to improving individual and institutional performance, and the Indian SME sector is no exception to this rule.
From exempting startups from minimum alternate tax (MAT) to reducing taxes on capital gains, tech industry has lined up a slew of recommendations for startups
SME sector witnessed slowdown post demonetisation, resulting in fall in production, wages and employment, according to a study by the India Development Foundation.
Budget hotel room aggregator Oyo has launched a new brand called Townhouse which will allow guests to use the property as an alternative workplace, hold meetings and access a lounge.
The budget speech also proposes a hike in MUDRA fund.
In an exclusive interaction with Moneycontrol, Hitesh Oberoi, CEO of InfoEdge and Naukri - India's largest job portal said that the hiring scenario in 2017 will largely depend on what happens in the Union Budget. He said that the industry now needs a budget which can create jobs, lower interest rates and reduce taxes.
It will be interesting to see what strategy UberEats adopts to crack the Indian food delivery market, where most consumers do not pay a premium to get food delivered to their doorsteps
The company which last raised an undisclosed amount in Series A round from IvyCap Ventures in 2015 and targets to turn profitable in 18 months.
We believe that UC News is only surface how we implement data technology. It recommends people content (for consumption).
The service was started in 2014 in Los Angeles and is now present as stand-alone app in 58 cities around the globe including Bangkok, Singapore, Tokyo, Hong Kong and Taipei.