Author: News Desk
https://youtu.be/GExxOwUxcK0 Startups with a DIPP Unique ID can petition for income tax exemption, according to Khushbu Verma, a spokesman of Startup India. Startups that have been established for less than ten years are eligible for this exemption. Startups would be excluded from paying income tax for up to three years in a row, according to Khushbu Verma’s statement to channeliam.com. Startups having a distinct ID registered in Startup India are exempt from Section 56’s requirement to pay angel tax. An early-stage startup cannot qualify for income tax advantages. Startups are only eligible to apply for the benefit two years following…
Vayve Mobility, a Pune-based startup, introduced the prototype of a solar-powered electric vehicle called ‘Eva’ at the Auto Expo 2023. The startup claims Eva to be India’s first solar-powered EV. This climate-controlled compact car can accommodate two adults and a child and can easily navigate and park. Compatible with android auto/Apple car play, the two-seater car has a six-way adjustable driver seat and a panoramic sunroof. In addition to the battery pack, the smart car has solar panels on its roof. The car is built on Monocoque chassis and comes with an IP68-certified powertrain and safety features such as a…
In 2022, January 16 was designated as National Startup Day with the goal of highlighting and supporting up-and-coming companies in the nation. Prime Minister Narendra Modi declared the official adoption of this day, referring to startups as the foundation of the “new India.” Several events are being held this year as part of the Azadi Ka Amrit Mahotsav celebrations at more than 75 locations across the nation with the goal of fostering an entrepreneurial and innovative spirit by involving the startup community.These include workshops specifically targeted at women entrepreneurs, workshops for incubator training, mentorship workshops, stakeholder round tables, workshops for…
New layoffs and a redesign of a number of features marked the start of Twitter’s ongoing transformation. The “bookmark” button, image length crop, and other adjustments were verified by the new CEO Elon Musk on Friday. The businessman provided a specific timeline for some of the upgrades, but his comments on the microblogging website suggest that there are still more adjustments in the pipeline. He wrote in a post on Friday, “Bookmark button relocating to tweet details page, resolving image length crop, and other minor bug fixes next week.” Additionally, the new Twitter CEO announced that bookmarks would become “searchable.”…
It’s important to follow your passions in life. No MNC job or size of paycheck could be compared to the satisfaction you get from following your passion. Meet Nihas Salahudeen, a man who, through pure willpower and dedication, transformed his hobby into a lucrative job. https://youtu.be/mVwkF_YgHBA Young people who are hesitant to follow their passions can get motivation from Nihas. Visualise a galaxy and a night sky with purple colours and sparkling stars painted on a helmet. What if the celestial beauty is combined with an unconnected design? Nihas Salahudeen, a native of Thiruvananthapuram, is engaged in producing such a…
By the end of the current fiscal year, Ajanta Shoes, a 66-year-old footwear firm with headquarters in Kolkata, expects to boost its turnover by close to 32% to $500 billion from 380 billion in FY-22. ImpaktoThe company, which debuted its AI-inspired smart sneakers under the Impakto brand, anticipates strong demand from both domestic and international markets. Sagnik Banik, the managing director of Ajanta Shoes, claims that Impakto predominantly produces athletic and athleisure footwear, with that market contributing about 13% of the company’s overall revenue in the previous fiscal year. It anticipates that as the market for sports and athleisure expands,…
The United Arab Emirates (UAE) has revised the minimum age requirement to run a business. As per the amended law, the new age limit is 18 years. Earlier, the age limit was set at 21. The amendment, which is aligned with international regulations, will give more opportunities to youngsters. https://youtu.be/nyCzmJfHZmk The new law supports Islamic banking and establishes it as one of the main drivers of growth. Banking institutions should follow a legal reference for commercial transactions to support businesses. It is mandatory to obtain licenses as per the regulation and establishment of financial markets. It also offers support to tech businesses and commercial activities linked…
After unveiling the next-generation Hector SUV, the British car manufacturer MG Motor India on Thursday launched MG Euniq 7 at the Auto Expo 2023. MG Euniq 7 is a new energy vehicle (NEV) with third-generation hydrogen fuel cell technology. The multi-purpose vehicle with Prome P390 fuel cell system is claimed to have a range of up to 650 km. According to Rajeev Chaba, President and Managing Director, MG Motor India, Prome P390 is the world’s leading hydrogen fuel-cell technology. “It is a delight to introduce the technology in India,” he said. https://youtu.be/16Ep-5O7QQo He further said that fuel cell vehicles using hydrogen have significant advantages such as being pollution-free, high efficiency, high load, fast refuelling, and long battery life. The Prome P390 system promises excellent…
Zippers are one of the most important parts of a garment. If the zipper goes wrong, the garment becomes useless. Do you know who makes the world’s majority of zippers? https://youtu.be/KJNesc8grAM It is the Japanese behemoth YKK. It makes roughly half of all the zippers on earth, which is more than 7 billion zippers every year. Established by Tadao Yoshida in Tokyo in 1934, YKK is the abbreviation of Yoshida Kogyo Kabushikikaisha, which means Yoshida Company Limited. A tinkerer, Yoshida, who was not satisfied with the existing production methods, designed his own zipper machines. Gradually, Yoshida owned every stage of…
The National Payments Corporation of India (NPCI) has allowed UPI platforms to onboard non-resident account holders from ten countries with certain conditions. With this, non-resident Indians (NRIs) can make use of the UPI facility with their international numbers. So far, they required an Indian number to use the third-party apps. NRIs residing in countries Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates, and the United Kingdom can utilise this option. As per the NPCI circular, those with NRE or NRO accounts can register and transact on UPI with their international numbers if they meet certain…