Government of India is deliberating removing tax hurdles for angel investors, who have been struggling with notices, which have inevitably forced them to slow down their investments in the recent months. The move will be a major boost to startups. Angel tax is a tax on the capital raised by unlisted companies through the issue […]
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The Chinese e-commerce giant, Alibaba Group Holding, is reportedly in advanced talks to acquire a minority stake in the logistics company, XpressBees. The company is looking to acquire the stake by investing up to $100 million in XpressBees, the Economic Times reported. The transaction, which is said to be in the final stages of negotiations, […]
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The e-commerce giant, Amazon, is reportedly in the final stages of closing an investment in the online insurance startup, Acko, reports suggest. Amazon will invest Rs 100 crore in Acko and additionally co-create financial products with the startup. It will also act as a distributor of the products. Sources familiar with the matter have also […]
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Riders in Delhi shared the highest number of rides out of the 7 top metropolitan cities in the country for Ola Cabs, a statement released by the company said. This consequently led to over 1.139 million litres of fuel being saved and over 1.92 million kg of carbon dioxide emissions being reduced in the capital, […]
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After an unsteady year regarding losses and corporate management, Uber has sold a 15 per cent stake to SoftBank. The deal, with an anticipated close in January, would give Uber $1.25 billion investment from the Japanese company. The investment comes from SoftBank’s Vision Fund. An earlier tender offer by SoftBank offered the ride-share company $33 […]
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