Sidbi tweaks startup fund rules, nudges VCs to draw capital faster
The Small Industries Development Bank of India (Sidbi), which manages the government’s Rs 10,000 crore Fund of Funds for Startups (FFS), has modified its rules,…
Climate tech startup InRisk raises $27 million from Bessemer, others
Climate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint Capital, while its…
Karnataka plans new procurement framework to ease startup tech adoption
Karnataka is planning a new procurement framework to enable government departments to adopt technologies developed by startups, as the state looks to bridge the gap…
Government moves closer to restoring MDR on UPI merchant payments
New Delhi: The government on Tuesday introduced amendments to the Payment and Settlement Systems Act in Parliament, moving closer to restoring merchant discount rates (MDR)…
Sugar prices surge 17% in a month, mills expect more government curbs
Pune: India’s sugar industry expects the government to implement additional measures to control rising prices of the sweetener. Prices increased 4.3% in the past week…
Govt unveils tax overhaul to woo global investors, boost manufacturing
New Delhi: Finance minister Nirmala Sitharaman has introduced a Bill to amend India’s tax laws to attract more foreign investment, support electronics manufacturing, encourage investment…
Govt weighs PLI 2.0 with sharper focus on high-performing sectors
New Delhi: India is targeting the second phase of its production-linked incentive (PLI) programme that will focus on giving additional support to high-performing sectors, while…
Despite swadeshi push, anti-dumping duties against Chinese firms crawl
New Delhi: Slow implementation of anti-dumping duties against China even after decisions of the Directorate General of Trade Remedies (DGTR) seems to be hurting domestic…
CEO confidence holds as AI gains shift
The movement among individual CEOs also tilts slightly positive. Nearly 60% of the 351 CEOs we returned to reported a change in their confidence levels,…
India, US working towards interim trade agreement: MEA
New Delhi: India and the US are working towards an interim trade agreement, with a few issues requiring finalisation, the Ministry of External Affairs (MEA)…