by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation
”So far, the startup founders have largely used VC from abroad for funding. The government would prefer that they use other avenues for funding including the offshore financing framework that we set up in GIFT City,” Rajesh Kumar Singh, the secretary of...
by AIP Online Bureau | Dec 11, 2023 | Data, Technology
New Delhi: Generative AI (GenAI) startups raised $10 billion in venture capital globally in 2023, a huge 110 per cent rise compared to 2021, a new report showed on Monday. Startup funding has been subdued in 2023 with $224 billion in total venture capital funding (as...
by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
“These changes offer taxpayers a broader range of valuation methods to choose from, including internationally recognized approaches, thereby attracting foreign investments and fostering clarity. Moreover, the notified final rule introduces an additional...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology
”Maximum guarantee cover per borrower shall not exceed Rs 10 crore. The credit facility being covered here should not have been covered under any other guarantee scheme,” the Department said New Delhi: The government has notified the credit guarantee scheme for...
by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, Indian News, Regulation
The Securities and Exchange Board of India (SEBI) last month flagged concerns in proposing stricter disclosures, saying more and more new-age tech firms which “generally remain loss making for a longer period” were filing for IPOs, and traditional...
