Leaping Ahead: OneWeb India First to Receive Satellite Broadband Authorization in India
OneWeb India, a subsidiary of Eutelsat OneWeb, has made a significant breakthrough by becoming the first company to receive approval from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial satellite broadband services in India.
Transforming Logistics in India: Blue Dart and India Post Team Up
Blue Dart Express has a market capitalization of Rs. 16,276 crores. The company’s shares opened higher at Rs. 6,916 compared to its previous close at Rs. 6,859, hitting a high of Rs. 6,949, which is around a 0.5 percent gain.
Warren Buffett’s Paytm Exit: A Rs 507 Crore Setback for India’s Digital Payments Giant
Warren Buffett’s Berkshire Hathaway recently made headlines with its exit from Indian digital payments giant Paytm, marking a significant move in the investment world. This transaction involved the sale of Berkshire Hathaway’s entire 2.46% stake in Paytm’s parent company, One97 Communications Ltd., through a large block deal.
Zomato and Swiggy Slapped with Rs 500 Crore GST Each: A Deep Dive into the Legal Battle
Each company has received a Goods and Services Tax (GST) notice amounting to Rs 500 crore over the classification of their delivery fees. This dispute centers on a total of nearly Rs 1000 crore related to the delivery charges collected from customers.
“The Angel Tax Explained: What Startups in India Need to Know About New Investment Rules”
India’s thriving startup ecosystem is set to receive a significant boost with the recent introduction of new rules by the Income Tax Department (I-T) aimed at simplifying the valuation process for investments in unlisted startups.
India’s Startup Ecosystem: Paving the Way for Economic Growth
As of now, India stands as the third largest startup ecosystem globally. The country boasts over 1.12 lakh startups, with more than 110 identified as unicorns, collectively valued at around $350 billion. These startups are diversely spread across 56 industrial sectors, demonstrating India’s strength in innovation.