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PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

Bessemer Venture Partners raises $1.6B for new global fund

venture capital

Global venture capital and growth capital investor Bessemer Venture Partners (BVP) has raised $1.6 billion for its ninth fund BVP IX, the company said in a blog. The firm will focus on its current sectors along with exploring new areas of opportunity. BVP invests across sectors like consumer, internet, enterprise technology, mobile, cyber security, cloud…

I Think Apple had a plan to Buy TESLA!!!

Here’s a fun wrinkle to the story that Apple is now exploring development of its own electric car. Almost one year ago exactly, Thomas Lee and David R. Baker of the San Francisco Chronicle reported that Apple’s head of M&A met with Elon Musk. They wrote, “such a high-level meeting between the two Silicon Valley…

What is Initial Public Offering (IPO)??

funding in kerala

Definition: The first sale of securities (almost always as stock) in a corporation under the regulations of a company Large amounts of capital have been raised in recent years by small companies that went public. Initial public offerings (IPOs) have made instant billionaires of entrepreneurs such as Yahoo’s Jerry Yang and Broadcast.com’s Mark Cuban. These…

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