Budget 2019: The Budget speech trivialising the issue said \"To resolve the so-called 'angel tax' issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums\".

With this latest round of fund infusion, Acko's total funds raised now stand at $107 million.

In the two-page letter seen by Business Today, start-up founders have cautioned the government that if the issue is not resolved immediately, Modi's 'Startup India' movement could be derailed forever.

The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalises an overarching data protection law.

Acko can possibly leverage on the shopping patterns of a consumer on Amazon and accordingly suggest insurance products.

The latest buzz in fashion, art, jewellery and food.

V Balakrishnan's remarks came a day after former Infosys Board member and chief financial officer T V Mohandas Pai said that the IT firm's move to settle severance pay dispute with Sebi was 'perfectly fine'.

It was alleged that the IT firm did not seek the prior approval of the nomination and remuneration committee and disclosures relating to Rs 17.38 payout to Bansal. The company said that it wants to resolve the allegations around it.

Cisco's Executive Chairman John Chambers has picked up 10 per cent equity in speech analytics software firm Uniphore Software

Padmaja Ruparel wants to mobilise Rs 5,000 crore in 10 years and deploy that in 500 companies. The aim is to build a robust start-up ecosystem.

Nilekani, a co-founder, is the right person who can restore the company's waning credibility among the investor community. Infosys is badly bruised by allegations of multiple slips in corporate governance - unthinkable till a few years ago.

The Infosys founders pulled off a coup with Nandan Nilekani returning to head the company as chairman after R Seshasayee quit the post and co-chair Ravi Venkatesan resigned as vice-chairman.

Infosys Secretary AGS Manikanta earlier this week made an announcement saying, \"The board of directors of Infosys Limited will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 19, 2017.\"

Pravin was hired and nurtured by Infosys founder Narayana Murthy. Earlier in April, Rao was in news for his massive pay hike approved by the Board.

In his resignation letter, Sikka has directly addressed the rift between the founders and the management, but hasn't named Narayana Murthy or any other founder member who have been critical of him.

Earlier this May, top major companies Cognizant, Wipro and Infosys were in news for firing IT professionals on 'performance' ground. However, it was believed that these companies were under economic pressure triggered by slow growth in the industry.