Feb 7, 2018 - Pre-2016 Incorporated Startups To Get Angel Tax Exemption On Up To $1.56 Mn Angel Funding

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

Budget 2018: Excise duty cut on petrol & diesel to assuage industry concerns; No change in prices for consumers
Even as the petroleum sector stays outside the GST regime, the government in the Union Budget 2018 tried to pacify the problems of the industry by reducing the excise duty on petrol and diesel by Rs 2 per litre.

However, the reduction in excise duty will not result in an additional burden on the government, as it has proposed a levy of road and infrastructure cess of Rs 8 per litre, although the additional excise duty of Rs 6 per litre has been removed.

The basic excise duty on both branded and unbranded petrol was slashed by Rs 2. For unbranded petrol it was reduced to 4.48 per litre and on branded petrol to Rs 5.66 per litre. Similarly on unbranded diesel, additional excise duty was brought down to Rs 6.33 per litre and on branded diesel to Rs 8.69 per litre. Read More

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Naspers’s talks to invest in Capital Float fall through

South Africa-based firm Naspers was in talks to invest up to $200 million in fintech startup Capital Float.This year so far, India’s fintech segment has seen 66 rounds of investments worth $746 million, as per Tracxn data

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Today's TradeBriefs Cartoon

Delivery firms use Artificial Intelligence to scale at faster clip

Once dismissed as a failure, the hyperlocal delivery market in India is expected to grow to ₹2,306 crore by next year, as per a report.Technology has enabled Dunzo to show dynamic pricing to users and match right delivery partners with customers

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Aditya Birla Capital uses mobile app to hire employees, boost their productivity

Talent solutions firm PeopleStrong has launched an app that takes care of employee transaction within seconds.PeopleStrong’s solution takes care of hiring, onboarding, time and time-off management, payroll, performance, learning, reimbursements and separation

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The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?

Bitcoin, ethereum, Ripple's XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the psychological $10,000 per bitcoin mark to highs of $11,200...

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How Islamophobia Runs Riot on Indian Social Media

According to a report by Equality Labs, Islamophobia tops the list of issues of hate speech on Facebook in India.

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Why Naspers is backing Facebook's cryptocurrency project

Naspers CEO Bob van Dijk believes cryptocurrencies could have a huge and positive impact on societies by allowing for frictionless and costless transfer of value between people.

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Amazon invests ₹450 crore in India payments unit

Amazon Pay allotted 45 crore shares of ₹10 each aggregating to ₹450 crore to Amazon Corporate Holdings and Amazon.com.incs Ltd.The funding comes at a time when Paytm, PhonePe, Google Pay and others are making significant investments to tap into the booming digital payments market in India

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Govt plans Rs 15,000 cr investment for one lakh digital villages

Govt plans Rs 15,000 cr investment for one lakh digital villages - A proposal has been prepared by CSC e-Governance; the plan may be activated in a month

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