• ELECTRONICS
    InnoVen Capital invests in consumer electronics firm boAt

    InnoVen Capital has invested Rs 16 crore (approximately $2.31 million at current exchange rates) in consumer electronics technology startup boAt, the venture debt firm said in a statement. InnoVen, which had earlier invested in other consumer-focused startups, said the move is in line with its strategy of capitalising on rising consumer spending in India. boAt […]

  • ELECTRONICS
    Bharat Electronics corrects for 9th consecutive session, hits new 52-week low on Axis Capital downgrade

    State-owned defence company Bharat Electronics share price has been correcting for ninth consecutive session on Thursday amid government’s likely new pricing policy for defence orders which may limit margin. The stock corrected 23.7 percent in nine straight days to hit fresh 52-week low of Rs 89.70 despite positive management commentary on new pricing policy and after large […]

  • ALL DEALS
    Gains from sale of inherited property taxed as capital gains

    iStockPhoto I am selling my ancestral residential property, which will fetch around Rs.30 lakh. This will be equally divided among all the heirs. What will be the tax liability of this transaction? Can this money be deposited in a savings bank account? —Jay Sinha In the absence of complete facts, we have assumed that the […]

  • ALL DEALS
    Domestic venture capital funds proliferate as HNI interest in start-ups grows

    Anil Joshi, co-founder of Unicorn India Ventures, says the number of people who see start-ups as an investment asset class has grown in the last one-and-a-half years. Photo: S. Kumar/Mint Mumbai: Domestic early-stage venture capital (VC) funds are proliferating in an effort to tap increasing demand from rich individuals and investment offices of business families […]

  • ALL DEALS
    As start-up funding slows, venture capital firms back in the driver’s seat

    Even some well-funded start-ups are feeling the heat. Last week, grocery delivery start-up Grofers shut operations in nine cities, citing poor demand. Photo: Ramesh Pathania/Mint Venture capital (VC) firms are again wielding strong control over their portfolio companies, as a funding slowdown helps shift power back to the investors after more than a year when […]

  • NEWS
    Indiamart raises fresh funds from Amadeus Capital, Westbridge and Intel

    The company offers a platform and tools to over 1.4 crore buyers to search from over 2.57 crore products and get connected with over 18 lakh suppliers. New Delhi: Indiamart.com, one of the largest online listing platforms for small and medium businesses has raised an undisclosed amount in Series C funding led by Amadeus Capital, […]

  • ALL DEALS
    Start-up investment in India to get capital gains tax exemption

    File photo. Announcing the start-up action plan at the concluding session of the Startup India event, prime minister Narendra Modi said Indian youth need to be encouraged to be job creators rather than job seekers. Photo: Reuters New Delhi: In an effort to give a fillip to the start-up ecosystem in the country, the government […]

  • NEWS
    CREO raises $3 million from Sequoia Capital, others

    Analysts say there is space for home grown phone-makers as India is seen as the growth engine in the global smartphone business, but are doubtful of the prospects of another OS. Photo: Bloomberg Bengaluru: Motiveprime Consumer Electronics Pvt. Ltd has raised $3 million from venture capital firms Sequoia Capital, Beenext Ventures and India Quotient to […]

  • ALL DEALS
    Govin Capital signs agreement with IIT Madras Incubation Cell

    Chennai: Singapore-based Govin Capital signed an agreement with Indian Institute of Technology Madras Incubation Cell to offer Bio-Entrepreneurial education and accelerate Med-tech and Life-Sciences start-ups from the wider IITM community. Govin Capital is focused on early-stage medtech and technology startups in Singapore and India will also be mentoring start-ups at IITM’s bio-incubator and medtech Incubator […]