Indian Startup News Stories Of The Week

CAIT writes to DIPP against February 1 deadline for ecommerce companies

DIPP has published a draft discussion document for States’ Startup Ranking 2019

Budget Hotel Association of Mumbai has said that it is planning a city-wide boycott of OYO

UPI recorded 3 Bn transactions in 2018

Madras High Court stays ban on the online sale of medicines

RBI lifts ban on Paytm Payments bank

The new draft ecommerce policy may be introduced in the next few weeks

The government has opened public discussions on social media regulations

FSSAI issued revised guidelines for ecommerce food companies

Sachin Bansal registers new venture BAC Acquisitions

Amitabh Kant seeks domestic registration of angel investors

CBDT said no coercive action against angel tax notices

Google launched its shopping feature in India

Centre sought an opinion from the law ministry on the use of Aadhaar-based eSign services

The Delhi High Court has issued an all-India ban on the online sale of medicines

India recorded over 500 Mn UPI transactions in a month

RSS’ Swadeshi Jagran Manch targets Chinese ecommerce players

FHRAI, hotel associations threaten OTAs, OYO

OYO to add 2K stock options to its ESOP 2018 plan

Amazon looks to pick up more stake in Future Retail

I-T Department issued notices to Flipkart shareholders abroad

The Ministry of Corporate Affairs issued notices to 2000 startups in last 45 days

The US-based global retail giant Walmart increased its share in recently acquired Indian ecommerce subsidiary Flipkart to 81.3%

DIPP will put out a draft of ecommerce policy for the public discussion covering more than 15 issues relevant to the sector

Indian PM Narendra Modi says fintech can be used to combat financial crimes

Ecommerce companies miss deadline for submitting their deposit tax deducted at source (TCS)

The Surajpur District and Sessions Court has rejected the bail application of Roopak Jain, co-accused in the Paytm extortion case

Freecharge cofounder Kunal Shah announced his new venture Cred

Fintech Players Look For Aadhaar Alternatives

CCI Rules In Favour Of Ola, Uber And Flipkart

According to World Bank’s Doing Business Report (DBR, 2019), India ranks 77th in ease of doing business across the globe

India-Japan Prime Ministers launched Startup Hub between India and Japan, India-Japan Business Platform among other initiatives

Google India had remitted a total of $2.18 Bn (INR 16,119.6 Cr) towards expense on “purchase of advertising space”

MeitY has asked sectoral regulators and relevant departments to define what constitutes sensitive personal information

Paytm Chief’s secretary Sonia Dhawan along with two others has been sent on police remand for 14 days against the charges of extortion

UIDAI has now reiterated that direct benefit transfers (DBT) will continue to be Aadhaar-linked and thus banks can continue with the AePS facility