The number of startups in India has increased steadily since the COVID-19 pandemic. This is a positive trend, but it raises two important questions: is it necessary to register a startup, and if so, should it be incorporated as a private limited company or a limited liability partnership (LLP)? Many new entrepreneurs see startup registration
In the corporate realm, adherence to meetings, schedules, and timelines is imperative; failure to comply may result in reprimands or job termination. The prospect of launching a startup holds greater appeal than following directives from a superior, attracting numerous young graduates towards entrepreneurship. As these aspiring entrepreneurs endeavour to seize control of the market, the
Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, chaired the 52nd GST Council meeting in New Delhi today. The meeting was attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya holding the finance portfolio, as well as Finance Ministers of States & UTs (with legislature)
The government on Tuesday said it will provide a grant-in-aid of up to Rs 50 lakh for startups and individuals to promote innovation in the niche technical textiles segment. “The Startup Guidelines for Technical Textiles – Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) providing grant-in-aid of up to Rs 50
Tamil Nadu has launched a revamped Startup and Innovation Policy 2023 with several action points aimed at making the state achieve leadership in the startup ecosystem, the government said on Wednesday. The policy, equipped with 50 action points, was rolled out by Chief Minister M K Stalin at the Secretariat to support the state government’s
In a year when frugality has been the rallying mantra for the technology world, expectedly so the ET Startup Awards jury kicked off the discussions for this year’s ‘Bootstrap Champ’ category taking note of the scale and profitability achieved by the nominees without having raised any external funds. Three Bengaluru-based firms — Boldfit, a manufacturer
Foreign bank HSBC India announced that it will provide $250 million in loans to start-ups in the country. In a statement, the bank said it did not specify a timetable for the payment amount. The loan will be made available to technology-led, high-growth startups in the world’s third-largest startup ecosystem. The loan will be administered by the
The number of government-recognized startups has increased to over 1 lakh at present from 450 in 2016, Commerce and Industry Minister Piyush Goyal said on Saturday. Addressing entrepreneurs here, he expressed confidence that by 2047, India’s economy would experience exponential growth. Goyal underlined the government’s commitment to improving the ease of doing business in India,
