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Day: January 10, 2024

BluSmart Mobility Unveils ‘Rush Hour’ Pricing in Revised Fee Structure

What is BluSmart Mobility? BluSmart Mobility is an Indian ride-sharing company that offers 100% electric, sustainable and reliable mobility solutions. The company was founded in 2019 by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi, and operates in Gurugram, Delhi and Bengaluru. BluSmart’s fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata […]

Toothsi’s Parent Firm MakeO Raises $16 Mn in New Investment Round

MakeO, the parent company of dental tech startup Toothsi and skincare brand Skinnsi, has raised $16 million in a new funding round led by 360 ONE Asset and the investment office of Ashish Kacholia, a public markets investor . The round also saw participation from existing investors Eight Roads Ventures, Paramark Ventures, and the family […]

Akshayakalpa Raises $12 Mn in New Funding Round Led by A91 Partners

Akshayakalpa Organic, a Bengaluru-based startup that specializes in organic dairy products, has raised $12.8 million in its Series C funding round led by A91 Partners. The funding comes after a gap of 16 months for the company, which claims to supply organic milk and related products to over 65,000 consumers daily in three cities. Investment […]

Zomato Introduces Daily Payouts to Boost Cash Flow for Small Restaurants

Zomato, one of the leading food delivery platforms in India, has announced a new feature called Daily Payouts for its restaurant partners. The feature, which is currently available to restaurants that receive 100 or fewer orders a month, aims to improve the cash flow situation of small eateries that face financial challenges with the current […]

From Rs 1 Trillion This Fiscal to Rs 2.5 Trillion by 2030: The Growth Trajectory of Annual Loan Sanctions

Introduction India is witnessing a surge in annual loan sanctions to various sectors, especially renewable energy, roads and highways, and logistics. The government has been promoting entrepreneurship among women, Scheduled Castes (SCs) and Scheduled Tribes (STs) through the Stand-Up India Scheme, which has facilitated more than 1.33 lakh new job-creators and entrepreneurs in six years. […]

Rural Jobs Outlay May See 50% Hike for Women and the Poor in Interim Budget

Introduction The government is likely to allocate around Rs 90,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the Budget estimate (BE) for 2024-25, an increase of 50% over 2023-24 BE, in a strong signal to the poor ahead of approaching general elections. Background MGNREGS is a flagship scheme that provides […]

Indian Exporters Must Adapt as EU Shifts to Paperless Customs System from June

The European Union (EU) is moving towards a paperless and risk-based import compliance system, implementing the second phase of its Import Control System (ICS) from June 3, 2024. This change will affect Indian exporting firms, as the EU accounts for about 17% of India’s total merchandise exports. What is ICS2 and how does it work? […]

Hybrid Cars May See Tax Rationalisation: Government Deliberation

The Indian government is considering reducing the tax rates on hybrid vehicles, which are currently higher than those on electric vehicles (EVs). Hybrid vehicles use both an internal combustion engine (ICE) and an electric motor to power the wheels, resulting in lower emissions and better fuel efficiency than conventional petrol or diesel cars. Current Tax […]

How the Supreme Court Settlement Affects Personal Insolvency of Corporate Guarantors: An Insolvency Code Perspective

The Supreme Court of India recently delivered a landmark judgment that upheld the validity of the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) that enable creditors to initiate insolvency proceedings against personal guarantors of corporate debtors. This ruling has far-reaching implications for the resolution of bad debts and the protection of creditors’ rights […]