Foreign travel to get expensive from July 1 as tax collected at source to jump from 5% to 20%. This means if the air travel costs Rs 50,000, the corresponding TCS amount would be Rs 10,000, which is equivalent to 20% of the air travel cost. #travel #foreign #expense #tax #news #government #indianstartupnews Cre: Indian Startup News

Online travel ticket booking platform MakeMyTrip has posted a profit of $5.4 million or Rs 44.8 crore in the fourth quarter ended March 31, 2023. The US-listed company last posted a loss of $4.1 million in the same quarter of the previous fiscal. #makemytrip #profit #business #ticket #booking #travel #company #news #startup #indianstartupnews Cre: Indian Startup News

The Indian government will make an equity infusion of Rs 300 crore in regional airline Alliance Air as it continues to face financial challenges. The airline, which was earlier part of Air India, is now owned by AI Assets Holding, a special-purpose vehicle formed by the central government. #allianceair #airline #company #government #investment #news #indianstartupnews Cre: Indian Startup News

▪ It's not an elite Indian startup with a fancy valuation but does a real business. ▪ A Bengaluru-based cafe called 'Rameshwaram Cafe', as shared by Udaan co-founder Sujeet Kumar, does a business of Rs 4.5 crore per month, which makes around Rs 50 crore annually in the business. ▪ Interstingly, One of their cafes cuts around 7,500 bills every day. ▪ Sujeet also revealed that one of their cafes is hardly...

According to the Haryana government's new excise policy, employees at large corporate offices, which have at least 5,000 employees and cover an area of 1 lakh sq ft, can consume low alcohol content drinks like beer and wine at the workplace. #wine #beer #office #haryana #employees #news #indianstartupnews Cre: indianstartupnews

🔸Zerodha's billionaire CEO Nithin Kamath, in a thread, wrote that his 70-year-old father-in-law, Shivaji Patil, was in the Indian Army & voluntarily retired as a Havaldar after losing his fingers to frostbite during the Kargil War. 🔸He later started a grocery shop in Belgaum and refuses to stop working despite the success Seema and Nithin have from Zerodha, Nithin wrote. #zerodha #billionaire #ceo...

📍After laying off 12,000 employees due to cost-cutting measures, Google CEO Sundar Pichai seems that he did not compromise on his annual pay package. 📍As per the filings, Google has increased Pichai's pay package to $226 million, which included massive stock awards worth $218 million. #google #technology #employees #ceo #salary #money #stocks #sundarpichai #layoffs #news #company #indianstartupnews Cre: indianstartupnews

Bengaluru will soon have India’s first post office constructed using 3D printing technology. The project at Cambridge Layout in Ulsoor is being implemented by Larsen & Toubro, which has experience in constructing 3D-printed buildings. 👏 #indianstartupnews #news #startup #business #india #bengaluru #postoffice #3d #building Cre: indianstartupnews

🙏 OYO Founder Ritesh Agarwal's father Shri Ramesh Agarwal has died after falling from high-rise Gurugram building. 🙏 "With a heavy heart, my family and I, would like to share that our guiding light and strength, my father, Shri Ramesh Agarwal passed away on 10 March. He lived a full life and inspired me and so many of us, every single day," Agarwal said. #oyorooms #riteshagarwal #founder #father #gurugram...

▪ The World Bank and India on Friday signed two complementary loans of $500 million each to support and enhance the country's healthcare infrastructure. ▪ Through this combined financing of $1 billion, the bank will support Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM). #India #worldbank #loan #healthcare #infrastructure #bank #indianstartupnews Cre: indianstartupnews