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Governance in Indian startups needs to improve, and more independent directors are needed on company boards to that end, Flipkart Group CEO Kalyan Krishnamurthy told Money control in a rare and candid interview. Governance in the country on startups has to improve in general. In the last one or two years, a lot of rigour has set in.

Glenmark Pharmaceuticals Ltd. (Glenmark), a leading, research-driven, global pharmaceutical company, and Ichnos Sciences Inc. (Ichnos), its global fully integrated, clinical-stage biotech subsidiary, today announced the launch of their alliance Ichnos Glenmark Innovation to accelerate new drug discovery in cancer treatment.

Experts expect that the tax adjustments in the interim budget for 2024 would improve the existing climate for investments in startups While an interim budget does not usually have big announcements, there are some areas where longterm policies should not be delayed. Parity for equal capital gains tax rates for listed and unlisted companies is among one of them.

Cyber Insurance goes beyond financial protection, often encompassing elements like reputation management, business interruption, and compliance with data protection regulations. This insurance is crucial for companies relying heavily on digital infrastructure, such as startups, as it mitigates the potentially devastating consequences of cyber incidents, ensuring their ability to recover swiftly and continue operations in an increasingly digitized business environment.

China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are under stress. The rules reiterate the need for local governments to report wasteful and illegal use of such funds to central government ministries, and warn against the use of such funds for debt repayment, pensions and civil servant salaries, according to a document on the website of China s ministry of finance.

Ramkumar Ramachandran, Cofounder of the startup said, WIZ is set to double its workforce at the Tech and R&D Center in Chennai, which has 200 employees at present. It acts as a central control centre for tracking shipments. The company said it has an artificial intelligence-based platform for capacity discovery, dynamic pricing, optimizing routing and tracking etc.

While there has always been a lot of expectations from the Union Budget from the startup ecosystem, it often falls short of adequately addressing the needs of startups, primarily due to the government s inclination towards a more conservative approach, notwithstanding the ecosystem s rapid expansion which outpaces administrative responsiveness

TigerPay, the Dubai based fintech startup founded in 2023 by Prabh Singh, is revolutionizing payment solutions for SMEs in the region with its flagship product, softPOS, and QR and link payments. In a significant development, TigerPay successfully raised a preseed round of USD 250k last year and is now entering its second fundraising round, targeting USD 1.5M.

TigerPay, fintech startup established in 2023 by Prabh Singh and based in Dubai, is reshaping payment solutions for Small and Medium Enterprises (SMEs) across the region. The company s flagship product, softPOS, along with QR and link payments, has been a gamechanger.

AI based security startup P0 has raised $6.5 million in its seed round from Silicon Valley based investor Lightspeed Venture Partners. Founded by Kunal Agarwal, and Prakash Sanker, P0 works like an assistant for a developer, which utilises large language models (LLMs) to pinpoint safety and security concerns in software.