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AGR-hit Vodafone Idea seeks 15 years from govt to clear dues

The telco has to pay dues of about Rs 57,000 cr, as per DoT’s estimates, but has so far paid only Rs 3,500 cr.

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Feb 27, 2020, 02.22 AM IST

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Ex-IT Minister Kharge joins startup fund as advisor

The fund will focus on tech businesses such as security, semicon and embedded devices.

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Pepper raises Rs 2.2 crore from Snapdeal founders' Titan Capital, other investors

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  • An alumnus of Campus Law Centre, the University of Delhi from 2001 batch, Sharma had started his career as practising lawyer in the Delhi and later had joined law firms Kesardass B. & Associates and FoxMandal Little for around a decade.

    India-based angels have also backed up and coming ventures such as app analytics platform App Annie, drone logistics network Matternet, automation software company Puppet and construction technology startup Icon, among others.

    According to Geetika Dayal, Executive Director, TIE Delhi-NCR, the startup community had been waiting with bated breath to receive some relief from the taxing of employee stock ownership plans (ESOPs).

    GetVantage, Spring Marketing, Drip Capital, OfBusiness and 100x.vc, as well as corporate investment arms Next47 and Sony Innovation Fund, among others, offer startups targeted expertise beyond cash to grow their business.

    With the help of the new form, which is to be rolled out on February 15, the government hopes to reduce the time taken as well as the cost for registering a company that was estimated at around 4 hours in December-January.

    In its new avatar, Rooter will allow fans to not just upload audio and video content, but also go live during the matches to comment & analyse for their followers.

    Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.

    Traxof’s cloud-based, automated desktop and mobile-based solution provides real-time visibility and monitoring of recruitment processes to support the planned ramp up of IM resources, especially in India for Airbus’ digitalisation.

    Service provider Reliance Jio showcased at the expo its technology developments that connect vehicles to the cloud and can be used for wireless information exchange. The company is yet to commercialise these technologies. Telecom companies see great opportunity in collaborating with carmakers to provide wireless communication as vehicles get more and more connected, experts said.

    Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.

    Startups have long demanded that tax on Esops must be levied only at the time of sale and not at the time of vesting, as valuation of new ventures remains volatile even as opportunities to sell are rare.

    The event envisages funding those upstart businesses that have outstanding ideas and models but are financially struggling to hit the market.

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