In a move that will benefit startups across the nation,the Union Budget 2018-19 has extended the tax exemption for startups by two years and has expanded the definition so as to widen the scope beyond technology related venture. Startups that have been incorporated on or after April 1, 2016 and before April 1, 2021 will be […]
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Microsoft announced that it has acquired the gaming startup, PlayFab, which provides cloud-based tools for game developers. The terms of the deal are yet to be disclosed. The deal is intended to strengthen Microsoft’s position against its main competitor, Amazon Web Services, which introduced a set of tools for game developers around two years ago. […]
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The highly anticipated Union Budget 2018 has left startups disenchanted. Startups across the country were hoping the budget would address the issues faced by them and meet their various demands. Their biggest hope was that the Union Budget would finally abolish the Angel Tax. But the spirits of startups and investors were lifted with the […]
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Chinese electric car-maker, Xiaopeng Motors, announced that it raised 2.2 billion yuan (approximately $347.74 million) in a funding round led by Chinese e-commerce giant Alibaba Group Holdings Ltd and Foxconn Technology Co Ltd. The round also saw participation from other prominent investors including IDG Capital, GGV Capital, Morningside Venture Capital, and Matrix Partners, stated Alibaba […]
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The central government led by Prime Minister Narendra Modi, has been focussed on supporting startups and fostering the entrepreneurship spirit in the country. In lieu of this, the Startup India program was launched in January, 2016 which aims at creating a conducive environment for startups in the country by providing them with financial support and […]
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