Government removes Angel Tax burden from Startups – Union Budget 2024
In a significant move to support startups, the government has scrapped the 'angel tax' for all investor categories, providing a major boost to the startup ecosystem.
News
Latest developments in startups, business, and technology across India, MENA, and global markets. Stay informed with breaking news, in-depth reporting, and analysis on entrepreneurship, innovation, and emerging trends.
BYJU’s Crisis: Founder’s Personal Assets Under Threat as Qatar Fund Moves to Karnataka High Court
Qatar Investment Authority (QIA) which invested in India's former edtech unicorn Byju's in 2019 is now taking legal action against the company amid insolvency.
Jagnoor Singh Departs Unacademy, Gaurav Munjal and Sumit Jain to Lead the Company Forward
Unacademy is undergoing a significant restructuring. The edtech giant's chief operating officer (COO) for offline centers, Jagnoor Singh has also left.
Koo Co-Founder Launches New Tech Venture, Seeks Top Engineering Talent
Mayank Bidawatka, co-founder of the now-defunct Karnataka-based social media platform Koo, is pioneering a new consumer technology venture
Assassin’s Creed Shadows: Controversy Sparks Apology, Cancellation Demands
Ubisoft Japan has apologized for the unauthorized use of the Japanese historical reenactment group's flag in Assassin's Creed Shadows concept art.
Liver Doc Slams ‘Alcohol is Good Business’ Claim by Billionaire Nikhil Kamath
Dr. Cyriac Abby Philips, a popular Hepatologist, shared his strong disapproval of a popular podcast discussing the liquor industry in India, featuring Nikhil Kamath.
Paytm Crisis – Softbank Sells Remaining Paytm Stake, Incurs $150 Mn Loss
Japanese Softbank Vision Fund has exited from the Indian fintech major Paytm, with a loss of approximately $150 million.
BharatPe Fraud – High Court Frees-Up INR 80 Cr Deposit as Ashneer Grover, Madhuri Jain Return to India
Back in May, the Delhi High Court ordered Ashneer Grover and Madhuri Jain to deposit a security amount of INR 80 crore as a condition for allowing them to travel to the United States.
Senior Advocate makes shocking claim stating China’s involvement in Hindenberg report on Adani
Mahesh Jethmalani, a senior advocate, on Thursday alleged a "China Link" in the preparation of the Hindenburg report citing a notice from SEBI.
Disagreements with Irish Data Protection Commission force Meta to postpone the launch of Meta AI in EU
The Irish Data Protection Commission (DPC) has recently asked Meta to postpone training its AI on user data from the European Union.
Haltia.AI Celebrates First Anniversary with Launch of ASIMOV, a Private, Explainable AI Platform Built for Trust
With the launch of its new product ASIMOV, Haltia.AI, a rising star in UAE's AI landscape, celebrated its milestone anniversary.
Careem and Payrails join forces to optimize payment performance across MENA
The partnership aims to facilitate payments for Careem’s services, including ride-hailing, food and grocery delivery, bill payments, and more.