Year 2021 was another great year for fund-raising through equities. A total of Rs 1.8 trillion was raised through initial public offerings (IPOs), qualified institutional placements (QIPs), and rights issues, against the Rs 1.7 trillion raised in the previous year. Funds raised through IPOs quadrupled, while those from rights issues and QIPs reduced.
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
The criteria for allowing companies to avail of this provision will include profitability, networth, paid-up capital, and turnover.
India, which wants to double its coal output by 2020, in February raised the tax on mining coal to $6 per tonne from $1 in a bid to make it more expensive to consume the dirty fuel
Singh made the remarks while addressing a "CEOs' Roundtable" at the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru.
'The Iranians are very resilient people. So even when they are throttled, they try their best to survive.'
'Jack', 'John' and 'Alpha' were among the National Investigation Agency's protected witnesses who helped nail banned Jammu and Kashmir Liberation Front chief Yasin Malik.
For 2017-18, the plan size has been pegged by the Railways at Rs 1,31,000 crore.
Always acknowledge what you don't know and know that there are many paths to an end goal, says three-time founder and CEO Neha Sampat.
Maria Sharapova and Andy Murray have pledged to support relief funds for children affected by the invasion.
What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.
In January, Gopalakrishnan had donated Rs 225 crore (Rs 2.25 billion) to set up a brain research centre in a joint effort between IISc and a trust formed by him and his wife.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
'We will take tough calls where needed in the interest of doing what is right.'
The aim of the mission is to accelerate the development of at least six vaccine candidates and ensure that they are licenced and introduced in market for emergency use at the earliest.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
'If I win the Australian Open, I will be the happiest person on the planet. I think that the (money) will be in much better use in the hands that know what to do with it, and know how to help others.'
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
The NPR data will be used for schemes such as Ayushman Bharat, Pradhan Mantri Awas Yojana, Ujjvala and Saubhagya for identifying the intended beneficiaries.
CoLife offers shared living and working spaces under the brands CoLive247 and CoWork247.
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'
India's first mRNA platform-based vaccine will remain stable at 2-8 degrees Celsius while Pfizer-BioNTech's vaccine needs minus 70 degrees Celsius and Moderna vaccine can remain stable for six months at minus 20 degrees Celsius, reports Sohini Das.
Might opt for salaried employment after failure of his latest venture
There's little interest in seed funding now as investors are finding it a risky proposition.
While Mahindra isn't the first person to think that building a social network out of India was a good idea, past attempts have all failed to compete with the multi-billion dollar giants Google, Facebook, Twitter, Instagram, WhatsApp and the like.
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
Indian freestyle wrestlers claim Asian team title in U-17 category
A strong start-up ecosystem can propel investment, jobs, and demand creation, and for that, substantial growth capital is required.
Mumbai-based BabyChakra is among the four start-ups Google has shortlisted from India for the fifth batch of its mentorship programme
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
'We will resist it.' 'Farmers will not let that happen.'
Faulting previous governments for not taking adequate measures to economically empower women in the country, Prime Minister Narendra Modi on Thursday said his government was constantly creating an environment in which women self-help groups can connect villages with prosperity as he released Rs 1,625 crore as capitalisation support fund to over four lakh such groups. In a virtual interaction with the women self-help groups (SHGs) under the "Aatmanirbhar Narishakti se Samvad" (dialogue with self-reliant women) initiative, Modi said in a changing India, opportunities are increasing for women to move forward. The movement of woman SHGs has intensified in the last 6-7 years with over 70 lakh of them working across the country, a figure over three times more than earlier, he said, adding over eight crore women are connected with these groups.
The government has also extended till August 31 the repayment date of short-term crop loan of up to Rs 3 lakh for agriculture and allied activities. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will give respite to farmers and also help them take a call on which kharif (summer) crop to grow as sowing picks up with the arrival of southwest monsoon.
Railways, rural infrastructure, urban rejuvenation, solar and transmission and distribution of electricity are the new priorities, says Vinayak Chatterjee.
As the FM said, this is a Budget that lays the foundation for the next 25 years, observes Kumar Mangalam Birla.
Under the scheme, the government will provide subsidy for two years in respect of new employees engaged on or after October 1, 2020, and up to June 30, 2021, Labour Minister Santosh Gangawar said in a briefing on the Cabinet decision.
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