Amazon invests an additional $2.75 billion in artificial intelligence startup Anthropic

Amazon.com Inc said it will invest an additional $2.75 billion in Anthropic, completing a deal struck last year to back the artificial intelligence startup and expand the partnership between the two companies. The capital injection brings Amazon’s total investment in Anthropic to $4 billion, following an earlier investment announced in September. Anthropic is a well-respected … Read more

Krutrim AI chatbot launches public beta: How to test your chatbot

Krutrim AI is being rolled out to users as part of a public beta, allowing users to try out the latest artificial intelligence (AI)-powered chatbot. Krutrim Si Designs (commonly known as Krutrim) founder Bhavish Aggarwal announced on X (formerly known as Twitter) that the new AI chatbot is being launched as a public beta and … Read more

Cactus Venture Partners raises Rs 630 crore to invest in startups

Published by: Muhammad Haris Last updated: February 7, 2024 17:17 UTC Cactus Venture Partners on Wednesday announced that it has raised Rs 630 crore for its maiden fund to invest in early-stage growth-stage startups. This is the final closing for the fund, which will invest in climate technology, health technology and business-to-business software services companies … Read more

Interim Budget 2024: Find out about tax benefits for start-ups, pension funds; see what the experts say

As the government has been taking various measures to promote startups in the country, Finance Minister Nirmala Sitharaman has proposed some tax incentives for startups and pension funds in the interim budget 2024-25. The finance minister said in his budget speech that certain tax benefits for start-ups and investments in sovereign wealth or pension funds, … Read more

Rs 100-crore corpus for long-term funding of R&D projects gets thumbs up | Medium-Term Budget

Industry insiders welcomed Finance Minister Nirmala Sitharaman’s announcement of a 50-year interest-free loan of Rs 100 crore to fund research and innovation in rising sectors in the long term. Also Read: Budget 2024 Live Updates | Income Tax Highlights A Corpus fund, often called an endowment or capital fund, is a collection of funds reserved … Read more

Tax incentives for start-ups, sovereign wealth and pension funds extended until March 2025

Published by: Pragati Pal Last updated: February 1, 2024 15:13 UTC In a bid to give the startup ecosystem some breathing space, the Center on Thursday announced extension of tax benefits for startups as well as investments by sovereign wealth and pension funds till March 2025. Certain tax benefits for start-ups and investments in sovereign … Read more

Budget 2024 News | No change in tax norms, but FM offers help to startups Income Tax Budget

Budget 2024 News | No change in tax norms, but FM offers start-ups a step to help income tax budget in right direction.armed Follow us on Google news ,Twitter , and Join Whatsapp Group of thelocalreport.in

Survey says 44% domestic investors across 30 domains are focusing on startups in tier 2, 3 cities

India is currently home to the third largest startup ecosystem in the world due to increased investment in tier 2 and tier 3 cities in recent years. A survey by Primus Partners, a renowned Delhi-based management consulting services provider, revealed that around 44% of domestic investors across 30 domains including IT, food and agriculture have … Read more

100 Indian startups to shed over 24,000 jobs in 2023: Report

Throughout 2023, more than 24,000 employees were reportedly laid off by 100 or more Indian startups. Driven by financial constraints and investors’ expectations for profitability, startups in various industries implemented workforce reductions to control expenses. Also read: Impact of AI on jobs: Nearly 40% of global employment could be disrupted by AI, says IMF According … Read more

National Startup Day 2024: Once a niche conversation, Indian startups have become the national conversation

National Startup Day 2024: Once a niche conversation, Indian startups have become a national conversation and the country now boasts of having the third largest global startup ecosystem in the world. This National Startup Day, celebrated on January 16, it is important to recognize India’s close-knit and resilient new-age entrepreneurial community that has propelled the … Read more