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For 3rd quarter in row, startup funding crosses $10 bn in Q1, creates 14 unicorns

by AIP Online Bureau | Apr 10, 2022 | Data, Eco/Invest/Demography, Technology

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report Amit Nawka, the startups leader at the consultancy, told PTI that despite uncertainties in the global economic...

FAQ on taxation of crypto, virtual digital assets in works

by AIP Online Bureau | Apr 10, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 per cent income tax plus cess and surcharges will be levied on such transactions in the same manner as the tax law treats winnings from horse races or...

FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities

by AIP Online Bureau | Apr 10, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said the inflow indicates that maybe foreign investors are almost done with the recalibration exercise of their portfolios owing to the current scenario. Also, the recent correction...

India-Gold imports surge to USD 46.14 bn in 2021-22

by AIP Online Bureau | Apr 10, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

India is the world’s second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion India’s gold imports, which have a...

Private COVID vaccination centres can only up to Rs 150 as service charge on precaution dose

by AIP Online Bureau | Apr 10, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Policy

Serum Institute of India has cut the price of its Covishield COVID-19 vaccine as the country plans to offer booster doses to all adults from Sunday. The price will drop to 225 rupees ($2.96) a dose from 600 rupees for private hospitals, the chief executive of SII said...
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