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NASSCOM recommended extending concessional corporate tax rate to all new IT-BPM units incorporated in SEZs that commence operations within a set period and commit to create certain number of jobs
Vadodara/ Anand: A total of 1,813 graduating students including 30 gold medallists were conferred degrees during the tenth convocation of Changa-based Charotar University of Science and Technology (CHARUSAT) on Saturday.
In all, 313 students of Faculty of Computer Applications, 197 students of Faculty of Management Studies, 128 students of Faculty of Pharmacy, 285 students of Faculty of Applied Sciences and 890 students of Faculty of Technology and Engineering have been conferred degrees this year.
Considering Covid-19 induced pandemic and to adhere to social distancing rules, the university has decided to award the degrees to the students over the next two days – January 11 and January 12 – at six different venues.
Expect 50 unicorns by 2021 in India: Nasscom
Nasscom report on the India s tech start-up ecosystem points out that both funding and investment are on a recovery path and start-up base is growing at 8-10% year-on-year
Rukmini Rao | January 7, 2021 | Updated 19:52 IST
Image source: Freepik.com
With accelerated digital adoption post-COVID-19 opening several new avenues of growth and opportunities for Indian start-ups, calendar year 2020 saw over 1,600 tech start-ups and a record 12 unicorns emerging (the highest ever added in a single calendar year), even as the tech start-up base grew 8-10 per cent year-on-year.
According to the latest annual report on start-up by the National Association of Software and Services Companies (NASSCOM), despite a lower number of total start-up deals in 2020, the seed-stage investment is seeing a pick-up with the number of investors cutting cheques of lower ticket sizes going up . The seed-stage funding in 2020 recovered to more than 90 per cent of
Many of these deals are spread across years and will generate big revenue for these firms.
Recently, two information technology majors in India Wipro and Infosys signed multi-year deals with German companies. While Wipro’s deal with German general store chain METRO AG, was pegged at $700 million for five years with an extension of four years, the amount of Infosys’ deal with makers of Mercedes-Benz Daimler AG was not declared.
“Partnering with Wipro allows us to simplify and streamline our information technology landscape and critically gives us access to innovation and the best digital practices,” said Timo Salzsieder, chief solutions officer, METRO AG in a statement.