IT minister estimates over USD 1 billion exposure of Indian start-ups to SVB

During a Twitter live session, Chandrasekhar said he heard that over $200 million of startups’ deposits have been transferred to GIFT City bank.

published on : 17th March 2023

IT ministry to take up SVB linked startups woes with FinMin; pitches for Indian banks 

The Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system and assured them of resolving teething issues they may face.

published on : 14th March 2023

The Unwinding: Will collapse of $200-billion Silicon Valley Bank trigger major contagion event?

US regulators have been anxious to state the low risk of contagion and the overall strength of the banking system. However, there are several channels of potential contagion...

published on : 13th March 2023

With US govt action, looming risks to Indian startups have passed: Rajeev Chandrasekhar on SVB crisis 

The Biden administration has announced that depositors of the failed Silicon Valley Bank will have access to their money from Monday.

published on : 13th March 2023

Applications invited from startups for Rs 10 lakh grant

The outreach programme was organized by Crescent Innovation and Incubation Council.

published on : 12th March 2023

‘India needs its own resources to fund start-ups’ 

Minister Jitendra Singh said that there are apprehensions in many quarters about the start-up space where there is foreign investment as the global recession looms large over many countries. 

published on : 6th March 2023

Bio-manufacturing hub: India to break into top five by 2025

He said the Modi government was committed to promoting an innovation ecosystem in the country for industry-driven startups to facilitate jobs.

published on : 27th February 2023

Headstart Kerala: Keep an eye on them

In a series, TNIE introduces a few startups that made it to Headstart Kerala’s annual list of 23 companies to  watch out for

published on : 24th February 2023

'Angel Tax' provisions in Finance Bill will not impact startups: DPIIT Secretary

Startups were rattled because of the proposed changes in regulations in the Finance Bill through the amendments in Section 56(2) VII B of the Income Tax Act.

published on : 21st February 2023

Build special facility for startups in Visakhapatnam: CM Jagan

The CM said that the MSME policy in particular should advise, assist and support the start-ups in every respect.  

published on : 21st February 2023

G20-DIA to support 174 global startups

The programme will include market access, corporate connections, investor connections, skilling, and networking sessions.

published on : 14th February 2023

Look the part to get the part

They like founders who started building this brand from the very first year of their working life and who live and breathe the persona every moment of every day.

published on : 12th February 2023

Electric vehicle start-ups raise USD 1.66 billion in 2022

Blume Ventures, Micelio, and GrayCell Ventures are the top seed-stage investors in this space in India.

published on : 7th February 2023

AP’s poor show in startups a concern: TDP supremo

Neglect, disinterest of the Chief Minister has ruined the startup environment dealing a blow on the aspirations of potential entrepreneurs who wish for support to shape their dreams.

published on : 5th February 2023

Kerala budget: IT, startups get big boost

The commencement of the IT park at Kannur is also a giant leap towards IT development in the state.

published on : 4th February 2023

Accelerator fund for agritech startups a plus in Kerala

The accelerator fund is aimed at building innovative and effective agritech solutions for farmers to improve access to market linkages and yields.

published on : 2nd February 2023

In a first, TN govt makes equity investment in five startups

The state had earmarked Rs 30 crore in the 2022-23 budget for Tamil Nadu SC/ST Startup Fund, an equity and debt fund. The scheme has attracted 330 applications since May 2022.

published on : 28th January 2023

Startup spur needs budgetary push

The government may use creative methods to ensure that the benefits of the startups, which receive such tax exemptions, are large and contribute to equity.

published on : 27th January 2023

Budget 2023: Start-ups expect favourable capital gain tax system

As the funding winter is said to continue for another 12 to 18 months, we need a more favourable capital gain tax system, Vikram Ahuja, MD, ANSR and Co-founder & CEO, Talent500, said.

published on : 25th January 2023

Venture capital investment in Indian startups plunge 38 per cent in 2022

While the US, the UK and China registered decline in VC funding deal volume in 2022 compared to the previous year, India stood out as a notable exception and registered 0.6 per cent growth.

published on : 24th January 2023
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