CAMBRIDGE, MA-- The Boston chapter of The Indus Entrepreneurs, known as TIE-Boston, this morning kicked off its annual TiE StartupCon conference with call for budding entrepreneurs to focus on a big problem, find great people to work with and finally keep an absolute focus on customers.
"I would rather be a mule that caters to my customer than an unicorn that my investor loves," serial entrepreneur Ash Ashutosh, founder and CEO of copy data virtualization company Actifio, told the packed room of entrepreneurs and business owners. "Find a big problem, find a great colleague and focus absolutely on your customer, and nothing else."
Ease of Doing Business in SEZs improved
Seeking to improve ease of doing business in special economic zones (SEZs), the Commerce Ministry has permitted units in these zones to send goods for purposes such as repair and maintenance to outside markets and abroad.
Highways, Railways Will Raise $4.7 Billion with Tax-Free Bonds
The Finance Ministry has mandated the National Highway Authority of India (NHAI) and Indian Railways Finance Corporation to raise $3.8 billion and $900 million, respectively, by selling tax-free bonds. The higher share of tax-free bonds will help NHAI to fund road projects in the country. Road Minister Nitin Gadkari plans to award 15,000 km of roads by March 2016 spread over two fiscal years.
BOSTON--Localytics, a marketing and analytics platform for mobile and web apps,announced the acquisition of Splitforce, an automated optimization tool purpose-built for mobile apps. With the acquisition, Splitforce co-founders Zac Aghion and David Ruiz join the Localytics team, bringing additional data science expertise to fuel the company's predictive app marketing capabilities.
NEW DELHI— The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the current account deficit has narrowed, and external reserves have increased.
CAMBRIDGE, MA—TiE-Boston has rebranded it annual flagship entrepreneurial conference as TiE StartupCon, which was previously known as TiECon East and has been recognized as the largest start-up conference on the East Coast.
In an exclusive video interview with INDIA New England News, Tie-Boston President Gaugarin Oliver talks about TiE-Boston, why the name of its flagship conference was changed and what should we expect at the TiE StartupCon on May 1 at Cambridge Marriott in Cambridge, MA. To watch the interview, click here.
CAMBRIDGE, MA—MIT India Conference on May 2 is bringing together prominent speakers to discuss leading business and socio-economic opportunities and challenges in one of the world's largest economies—India.
The conference will be held on Saturday, May 2, 2015 from 8:00 AM to 8:00 PM at MIT Media Lab, located at 75 Amherst St. in Cambridge, MA. On this occasion, INDIA New England News conducted an interview via email with Arita Sehgal, an MBA student at Massachusetts Institute of Technology and director of marketing for MIT India Conference. Here are unedited excerpts from the interview:
FM Jaitley Pitches for Low Taxes, Says No to Retrospective Tax
Promising a "modern tax system" with low and globally competitive rates, Finance Minister Arun Jaitley has assured foreign investors there will be no retrospective action and said taxpayers will be seen as "partners and not as potential hostages or victims."
Big Firms Can Now Produce 20 Items Reserved for Small Industries
Big companies can now produce bread, pickles and chutneys, wooden furniture, fireworks, glass bangles and other items that had been reserved for small businesses. In keeping with the various ease-of-doing business measures, the Government said the move will encourage greater investment to upgrade technology and standards toward enhancing competition.
Panel Formed to Simplify Business Startup Regulations
In furtherance of Finance Minister Arun Jaitley's Budget speech, the Government has established a committee to recommend a simpler mechanism to replace the myriad permissions needed to start a business. The committee will examine the possibility of replacing required permissions with regulations, identifying necessary safeguards and drafting proposed legislation.
India and U.S. Sign Memorandum of Cooperation
India and the U.S. signed a Memorandum of Cooperation that aims to foster cooperative work on key issues of mutual interest for all modes of transportation
MUMBAI, India--M/s SOLICIS LEX, represented by its Managing Partner, Advocate Ameet Mehta and M/s GONZALEZ OLIVIERI LLC, represented through Mr Raed Gonzalez agreed to exchange and work together in legal fields especially immigration laws, and the MoU was signed on 8th April, 2015.
The Indian Government has renamed the online visa program for travelers as "e-Tourist Visa." The Ministry of Home Affairs said that the program will be extended to more countries and airports in a phased manner.
Indian newspaper The Hindu reported that the Central Government has renamed the online visa scheme for travellers as •e-Tourist Visa' (eTV). The scheme was earlier called •Tourist Visa on Arrival-Electronic Travel Authorisation' (TVoA-ETA).
The Hindu quoted a statement from the Ministry of Home Affairs that that the extension of the scheme to more countries and airports will be in a phased manner, in order to avoid any confusion.
NEW YORK--The Rosen Law Firm, a global investor rights law firm, announced it is investigating potential securities claims on behalf of investors of Rolta India Limited's $200 million 10.75% Senior Notes due 2018 and and $300 million 8.875% Senior Notes due 2019 resulting from allegations that Rolta India may have issued materially misleading business information to the investing public.
On April 16, 2015, Glaucus Research Group published a report initiating coverage on Rolta India's Delaware-issued 2018 and 2019 Corporate Bonds with a "strong-sell" recommendation. The report asserts that Rolta India fabricated its reported capital expenditures to conceal that it materially overstated its EBITDA.
NEW YORK, NY — Time Warner Cable Inc. (TWC) has added India to its growing list of international destinations included in its Unlimited Home Phone National calling plan. With this calling plan expansion, unlimited calls can be made to India at no additional charge and are treated the same as long-distance calls anywhere in the U.S., Canada, Puerto Rico, Guam, the U.S. Virgin Islands, Mexico, China and Hong Kong.
Noting that one third of all international calls from the U.S. are placed to India, Jeff Lindsay, GM for Home Phone at TWC, said this enhancement offers tremendous benefits and savings to anyone who calls India to stay connected to loved ones.
In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes. In recent years, however, some of these credits were challenged. Some of the people who purchased them had to redo their tax returns. Now, 88 cents is one of the best prices available. You still have to pay short-term capital gains on what you save. As a result, we are not recommending them this year.
In December 2009, Tristina Elmes owed more money than she could pay in taxes and found herself in tax court. The IRS wanted to collect as much as they could as quickly as possible. During an IRS summons, Elmes chose to plead the Fifth Amendment because she didn't trust the IRS in its fishing expedition.