Investment

The Federation of Indian Export Organizations (FIEO) has presented its wishlist for 2020-21 Budget, calling for double tax deduction scheme for internationalization of MSMEs and more shipping capacity in the country.

The Defence Acquisition Council (DAC) has approved procurement of equipment worth over Rs.5,100 crore from indigenous sources, including the sophisticated Electronic Warfare Systems for the Army designed by Defence Research and Development Organisation (DRDO) and manufactured locally by the Indian...

Department for Promotion of Industry & Internal Trade (DPIIT) will showcase a tableau on Startup India with a theme “Reach for the Sky” in this year’s Republic Day Parade on 26 Jan 2020 in New Delhi. 

Redis Labs, the home of Redis and provider of Redis Enterprise, has doubled headcount within India, expanded its presence across the country (Delhi, Mumbai, and Pune), and opened its first dedicated regional office in Bangalore in 2019.

Zomato, one of the largest food apps in India, has acquired Uber’s food delivery business in the country in an all-stock transaction. This gives Uber 9.99% ownership in Zomato.

Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), has announced a new GBP12 million (US$15 million) support for 30 startups across five key emerging markets for fintech innovation.

Startups from India will be presenting their innovations and technologies to chief executives of aerospace, civil aviation and air services heavy weights at the Singapore Air Show 2020 being held 11-16 Feb 2020.

The Competition Commission of India (CCI) approves subscription of units of Tower Infrastructure Trust (InvIT) by BIF IV Jarvis India Pte Ltd, British Columbia Investment Management Corporation (BCI), Anahera Investment Pte Ltd and Valkyrie Investment Pte Ltd under Section 31(1)...

To further boost investor sentiment and encourage investments, the Union Budget could announce a roadmap for convergence of all corporate tax rates to 15%, with no exemptions and incentives, by 1 April 2023, a senior industry official said.

The Government is coming out with a new trajectory of loss reduction and distribution companies will have to follow it to get further Government grants and or for access to loans from the Power Finance Corporation.