The Indian government has abolished the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012 to target investments in unlisted companies.

Finance Minister Nirmala Sitharaman announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, in a move to support India’s startup ecosystem.

Tuesday, July 23, 2024 9:35 pm Startup Times 0

Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the removal of the angel tax. […]

Global Microsoft Outage Hits Banks, Airlines, and Broadcasters

A global Microsoft outage on Friday disrupted services for banks, airlines, and media broadcasters, including major institutions in Australia and New Zealand

Friday, July 19, 2024 7:27 pm Startup Times 0

Summary A global Microsoft outage on Friday disrupted services for banks, airlines, and media broadcasters, including major institutions in Australia and New Zealand. The outage […]

Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.

Thursday, July 18, 2024 9:33 pm Startup Times 0

Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024. […]

WazirX Faces Security Breach After Suspicious $230 Million Transfer

Thursday, July 18, 2024 8:46 pm Startup Times 0

Indian cryptocurrency exchange WazirX suffered a security breach on Thursday, resulting in the temporary suspension of all withdrawals. The breach involved the transfer of approximately […]

AstroTalk Secures ₹78.3 Crore in Series A Extension from Left Lane Capital and Elev8 Capital

Thursday, July 18, 2024 1:18 pm Startup Times 0

Summary: AstroTalk, an online astrology platform, raised ₹78.3 crore in a Series A funding extension from Left Lane Capital and Elev8 Capital. Founded in 2017 by Puneet […]

Mumbai’s EleFant, a mobile app-driven toy library, secured Rs 6 crore ($750K) in seed funding from Venture Catalysts and Malpani Ventures.

Friday, July 5, 2024 2:37 pm Startup Times 0

Key Points Seed Funding Success: EleFant, a Mumbai-based mobile app-based toy library, secured Rs 6 crore in seed funding co-led by Venture Catalysts and Malpani […]

Funding News

Finance Minister Nirmala Sitharaman announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, in a move to support India’s startup ecosystem.

A global Microsoft outage on Friday disrupted services for banks, airlines, and media broadcasters, including major institutions in Australia and New Zealand

Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.

WazirX Faces Security Breach After Suspicious $230 Million Transfer

AstroTalk Secures ₹78.3 Crore in Series A Extension from Left Lane Capital and Elev8 Capital

Mumbai’s EleFant, a mobile app-driven toy library, secured Rs 6 crore ($750K) in seed funding from Venture Catalysts and Malpani Ventures.

Ather Energy Secures INR 286 Crore to Power Up Its Electric Future

Indian Startup News and Funding Alert: Daily Updates

Indian Startup Weekly Funding News Report

ThinKuvate Launches Rs 100 Crore Maiden India Fund, Aims to Boost Tech Startups

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