Friday, June 9, 2023

business

Kerala Startup Mission (KSUM) ranked world’s top public business incubator

Kerala Startup Mission (KSUM), the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state, has been ranked as the world's top public business incubator. The ranking has been announced by the UBI Global World...

US Chamber of Commerce warns of increase in risks for businesses in China

The US Chamber of Commerce has warned that rising scrutiny of American firms in China "dramatically increases" the uncertainties and risks of doing business in the country. The influential business lobby said it was closely monitoring "heightened official scrutiny" of...

Significant irregularities in reporting to investors led to Zilingo’s failure: Investor Burda

Burda Principal Investments, one of the leading investors in Singapore-based fashion startup Zilingo, has backed the action against its founder and CEO Ankiti Bose, hinting that legal action against the ousted founder may be on the anvil. Burda Principal Investments...

Google Cloud supports all Polygon protocols to help people grow Web3 products

Google Cloud and Polygon Labs have announced a multi-year strategic alliance to accelerate adoption of core Polygon protocols, making it easier for developers to build, launch, and grow their Web3 products and decentralised applications. Google Cloud will support all Polygon...

Centre unveils foreign trade policy 2023-2028, focus on boosting exports to $2 tn

The Centre on Friday unveiled new foreign trade policy for the period 2023 to 2028 with the aim of boosting exports to $2 trillion by 2030, even as trade has been impacted due to fluid geopolitical situation and disrupted...

Myanmar-Bangladesh’s growing trade and business ties in 2022 Year

According to reports of pro-government media outlet of Myanmar, Global New light of Myanmar, Myanmar’s export has been surpassing imports in the cross-border trade with Bangladesh and 8,620.7 tonnes of exports to Bangladesh was estimated at US$10.733 million between...

GST on rent for business entities, govt clarifies

The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity. Responding to news reports, claiming that tenants would now have to...

Most Indian businesses now investing in risk management capabilities: Report

In the current turbulent business environment, nearly eight in 10 business executives in India say that keeping up with the speed of digital and other transformations is a significant risk management challenge, a new report said on Tuesday. Six in...

Now top crypto broker Voyager Digital files for bankruptcy

Top cryptocurrency broker Voyager Digital on Wednesday filed for bankruptcy in the US, after top crypto hedge fund Three Arrows Capital (3AC) did the same last week, in which Voyager has made significant investments which the company is yet...

New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities

While the new or hike in tax rates on some sectors may increase the government's revenues and fight inflation, it will also hurt corporate profits, market capitalisation, disinvestment plans and India's overall investment climate, said Kotak Securities Ltd. In a...