Finance Minister Nirmala Sitharaman has decided to extend the last date to become a company for startups by 5 years to 1 April 2030. The industry has expressed happiness over this. This will provide tax benefits under Section 80 IAC of the Income Tax Act, 1961 for the startup marked by the Department of Industries … Read more
The Standing Committee on Finance is considering the role of the Competition Commission of India (CCI) in the emerging economy, especially in the digital landscape. “The number of challenges in the country and the crowding of big stakeholders in the market is a matter of concern as it is not allowing startups to grow,” the … Read more
The Central Consumer Protection Authority (CCPA) on Thursday issued notices to cab aggregators Ola and Uber for charging different rates from consumers depending on their mobile phone operating system. Consumer Affairs Minister Pralhad Joshi wrote on Twitter on Thursday, ‘Following initial reports of clearly differential pricing based on different models of mobile phones (iPhone/Android), the … Read more
Electric vehicle company Ola Electric today said it has expanded its network to 4,000 stores across the country. This is a four-fold increase compared to the existing network. The company said this is one of the significant expansions in EV penetration that has boosted penetration, growth and usage in the country. Ola Electric said that … Read more
With India’s growing population, elder care is becoming increasingly important for families and the healthcare industry. It has also given birth to new businesses. Now such startups have also come up which offer innovation based solutions, which can take care of the elderly at home from anywhere. This is especially true for those who live … Read more
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has partnered with Startup Policy Forum (SPF). SPF is a leading industry organization representing India’s new age companies. The objective of this strategic agreement is to establish India as a global center of innovation and entrepreneurship. The major … Read more
Zepto, which has made a splash in the world of quick commerce, has taken a big step before the IPO. To simplify its operations, the company has formed a new company named Zepto Marketplace Private Limited. This news has been confirmed to Business Standard by sources. According to media reports, this new unit was registered … Read more
Two years ago, food aggregators like Swiggy and Zomato entered the instant food delivery market with Swiggy Express and Zomato Instant. Due to operational challenges, the services promising delivery in 10 minutes were discontinued after just one year i.e. in the year 2023. The quick food delivery concept, which had failed once before, is now … Read more
Electric vehicle (EV) maker OPG Mobility (formerly Okaya EV) is planning to raise Rs 400 crore in the next 18 to 24 months to fund its growth plans. Managing Director of the company, Anshul Gupta said that the company intends to expand its portfolio and network. OPG Mobility MD said that the company has recently … Read more
Super Car Club Garage (SCCG), a car restoration service provider invested by Gautam Singhania, Chairman and Managing Director (CMD) of Raymond, is in talks with the Central Government for restoration. . The company is trying to get a license from the government to import foreign vehicles, refurbish them and then export them. Currently, Indian regulations … Read more