Startup employees holding ESOPs can benefit significantly from the recent LTCG tax cut. Learn how secondary share sales can lead to substantial tax savings compared to traditional buybacks. Discover recent examples of successful secondary deals by Indian startups and understand the potential impact of indexation removal on tax benefits.
Startups

Big Tax Benefit For Startup Employees Selling Shares In Secondary Deals

A recent reduction in Long-Term Capital Gains (LTCG) tax in India may provide a considerable tax benefit for startup employees holding Employee Stock Option Plans

Tamil Nadu is emerging as a hotbed for Direct-to-Consumer (D2C) brands, challenging the dominance of established players in the FMCG sector. At the recent Tamil Nadu Story event, three successful D2C founders shared insights into their journey and the state's potential in this burgeoning industry.
Events

Tamil Nadu’s D2C Stars: A New Era Of FMCG

The Rise of Tamil Nadu’s D2C Powerhouses Tamil Nadu is emerging as a hotbed for Direct-to-Consumer (D2C) brands, challenging the dominance of established players in

Average personal loan size in India plummets to INR 9,861 as fintechs target younger borrowers and expand into rural areas. RBI reports a decline amid regulatory scrutiny and rising delinquencies. Learn about the impact on the fintech industry.
Fintech

Fintech Personal Loans Shrink: Average Ticket Size Plunges To INR 9,861

Shift in the fintech landscape The Indian fintech landscape is witnessing a significant shift as the average ticket size of personal loans has contracted sharply.

Ola Electric Mobility IPO to open on August 2 with a price band of ₹72-76 per share. The IPO comprises a fresh issue and an offer for sale by promoters and existing shareholders.
Business

Ola Electric Mobility IPO: Key Details

Ola Electric Mobility, an electric vehicle (EV) manufacturer, is set to launch its Initial Public Offering (IPO) on August 2, 2024. The IPO price band

FirstCry, India's leading baby and mother care products retailer, is set to file its IPO papers this week, aiming for a $3-3.5 billion valuation.
Startups

FirstCry Gears Up For $3-3.5 Billion IPO

FirstCry, India’s leading baby and mother care products retailer, is set to file its final IPO papers this week. The company is aiming for a

Finance Minister Nirmala Sitharaman delivering the Budget 2024 speech in Parliament."
Business

Job Schemes Not A Mandate But A Nudge To Companies, Says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman emphasized that the government’s employment-linked incentive schemes and internship programs announced in the Union Budget 2024 are intended as a nudge

The Indian government is in the final stages of identifying buyers for a majority stake in IDBI Bank. Learn about the government's disinvestment strategy and the potential impact of this sale on the banking sector.
Banking

Government Nears Final Stage Of IDBI Bank Sale

The Indian government is in the final stages of identifying suitable bidders for a majority stake in IDBI Bank, according to Tuhin Kanta Pandey, Secretary

New tax rules allow companies to conserve working capital by reducing TDS on purchases. Learn how this amendment can boost the Indian startup ecosystem.
Startups

Tax Relief For Startups: Budget 2024-25 Offers Working Capital Boost

The recent Union Budget 2024-25 has introduced a key amendment to the Income Tax Act that could provide a much-needed lifeline to loss-making companies, particularly

Take control of your finances with CRED Money. Easily track income, expenses, and investments in one place. Get personalized insights and recommendations to help you save, invest, and reach your financial goals.
Fintech

CRED Launches CRED Money: A Unified Platform For Financial Management

Kunal Shah’s fintech giant, CRED, has unveiled a new product, CRED Money, designed to simplify financial management for its users. This platform offers a consolidated

The Indian government has acknowledged a data breach at state-owned telecom company BSNL that occurred on May 20, 2024. The breach was detected by CERT-In and involved an FTP server containing data matching the sample provided by the cybersecurity agency. The government has assured that no breach into the core telecom network has been reported.
Information Technology

BSNL Data Breach Confirmed: Government Forms Audit Panel

BSNL Data Breach The Indian government has acknowledged a data breach at state-owned telecom company BSNL that occurred on May 20, 2024. The breach was