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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ShareChat raises Rs 720 crore, valuation may touch Rs 3.3k cr

Round led by Shunwei Capital, along with Morningside & DST Global affiliate Jesmond.

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Today's TradeBriefs Cartoon

Google Pay sharing payment data with group cos: Paytm to NPCI

India's biggest digital payments company Paytm has flagged concerns over rival Google Pay's privacy policy, saying it allows collection and disclosure of users' personal data with group companies. The Alibaba and SoftBank-backed company also alleged

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Inside Facebook’s election ‘war room’

The War Room’s half-finished state shows how nascent and hurried many of Facebook efforts are to curb fake news in the upcoming US mid-term elections

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Crypto Pioneer David Chaum Says He's Built a Better Bitcoin

David Chaum, the godfather of the cryptocurrency movement, is back with a plan to address bitcoin’s biggest shortcoming: speed.

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Silicon Valley waits as China’s unicorns race to public markets

Five initial public offerings have helped at least 16 tech bigwigs ring up a combined $48 billion of net worth at the time of the IPOs

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Inside a failed Silicon Valley attempt to reinvent politics

The election of Donald Trump as US president led to an unusually large wave of political activity from liberal-leaning Silicon Valley

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Bengali video streaming app Hoichoi plans offline subscriptions

Hoichoi will be selling top-up cards similar to ones sold by telecom companies for prepaid connections

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Wearables for heart health: Can they help save your life?

Doctors are recommending wearables with ECG and BP monitors for routine assessments

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Mindtree to expand digital sales team, deepen India focus

Mindtree is looking to boost the number of salespeople in its digital sales team and bring increased focus on India and Asia-Pacific as it scouts for more customers.

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Building a digital roadmap for healthcare organisations in India

The global movement towards digital health has many implications for the Indian healthcare sector.

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79% merchants tapping social media platforms to access large consumer base in India: report

Among all Asian markets, excluding China, India has emerged at the top in usage of YouTube (64%), Twitter (61%), Google+ (50%), Skype (53%) and LinkedIn (33%) for the sale of goods and services, says a report by Paypal

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Hindi gains prominence on Twitter, BJP leads in terms of social media following: Study

Between a period of January and April 2018, Indian Prime Minister Narendra Modi leads significantly in online following.

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HCL Tech wins IT deal from UK's third largest retailer Asda

The three-year application services contract will involve Asdas IT Application Services being transformed with a new DevOps delivery model to drive data and analytics and support back-office applications.

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Infosys launches next-generation learning solution Wingspan

Analysts say professional IT services firms should create university-like environments to renew their talent pool.

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