• Bitcoin takes a hit: Value against Indian Rupee slumps 38.9 % in two weeks

    The dream run for cryptocurrencies seems to have hit a wall, as Bitcoin values with respect to Indian Rupee kept decreasing over the past two weeks. The value of Bitcoin in India slipped down to Rs 1,93,799.20 by the end of a day on Friday.The website stated that one unit of...
  • Goomo gets $50 million package from Emerging India

    “Goomo is being built ground up to be an omnichannel platform that will facilitate corporate and consumer travel bookings across online and offline channels,” “The travel industry in India offers immense opportunities for growth and consolidation. Over the past 12 months, we have built a great team with a...
  • Indian Start-ups Get a New Definition Under ‘Start-up & Stand-up India’ Initiative

    The Narendra Modi Government has recently modified the definition of ‘start-up’, under its ‘Start-up and Stand-up India’ initiative to accommodate businesses that are seven years old, thus making them eligible for government-sponsored funding, tax, and other benefits. Earlier, start-ups active for maximum five years were selected for the scheme....
  • Spinny is a new age online retailer for used cars in India

    Spinny is a new online retailer for used cars Market in India

    Delhi base spinny, which operates in the pre-owned car segment, has acquired Gurgaon-based Hop car, another startup in the same industry. Spinny is a new age online retailer for used cars in India. With transparency & technology as core pillars, we are helping customers save big with experience of...
  • Online Loan Provider Paysense Raises $5.3 Million Funding

    Paysense, a tech-driven loan distributor, on Thursday said it has raised $5.3 million in a round of funding led by Jungle Ventures. Naspers and Nexus Ventures also participated in the Series A funding, the company said in a statement. Two-year-old Paysense calls itself a technology and data science company....
  • Hudco IPO opens today: Should you buy?

    The Rs 1,224 crore initial public offering (IPO) of state-run Housing and Urban Development Corporation (Hudco), a ‘Mini Ratna’ firm, will hit the capital market on Monday. The government intends to sell 2,04,058,747 shares in the Rs 56-60 price band. The issue closes off on May 11. The company...
  • Govt’s refusal to tax agriculture raises many questions; it goes against principles of equality

    The alacrity with which the FM reacted to this proposal was much more interesting than the Debroy suggestion. Debroy made a strong case for taxing agriculture income. This was in sharp contrast to the government’s stated position. It may be recalled that even while and after submitting his budget...
  • MakeMyTrip to raise $330 million to grow hotel booking biz

    India’s largest online travel firm MakeMyTrip is raising $330 million in a new funding round from its existing investors Ctrip and Naspers as it tries to bolster its position in the high margin hotel booking space. The news of the raise comes at a time when Oyo, backed by...
  • GST to help raise India’s medium-term growth to over 8%, says IMF

    The ambitious Goods and Services Tax (GST) to be implemented from 1 July would help raise India’s medium-term growth to above eight percent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future. “The...
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