The Indian startup ecosystem has once again proven its resilience and potential, as venture capital (VC) funding surged by an impressive 42% during the first seven months of 2024 (January to July). According to a report by Global Data, Indian startups raised a staggering $6.3 billion through 672 deals, showcasing strong investor confidence in the country's entrepreneurial landscape.
Sweat equity is one of those buzzwords continually coming up in the Indian corporate scenario, especially with startups and companies aiming to retain talent and incentivise employees. It has been used as an excellent tool that can bring the interests of the employees in line with the long-term success of the company.
In a move that has reverberated through India’s financial advisory sector, the Securities and Exchange Board of India (SEBI) has proposed significant amendments to its investment adviser regulations. As the industry grapples with these changes, it’s crucial to understand the trajectory that led us here.
Data protection laws have been evolving quickly, especially with India's recent Digital Personal Data Protection (DPDP) Act, passed in 2023. Many are comparing it to the European Union's General Data Protection Regulation (GDPR), particularly in terms of how far these laws reach. Vaneesa Agrawal, a prominent business lawyer specializing in data protection, notes that the territorial scope of these laws is a crucial aspect that organizations need to understand.
"In a landmark move, the 2024 Union Budget slashes the angel tax, unleashing a new era for Indian startups."
Maruti Suzuki, India's largest automobile manufacturer, has reached a significant milestone by exporting over 1,600 units of its Fronx SUV to Japan. This marks the first time that SUVs manufactured in India have been exported to the Japanese market, underscoring the success of the "Make in India" initiative launched by Prime Minister Narendra Modi in 2014. This initiative aims to transform India into a global manufacturing hub, and the export of the Fronx serves as a testament to its effectiveness.
Starting a new business is an exciting venture, but it comes with its own set of challenges, particularly in the realm of compliance. As regulations continue to evolve, startups must navigate a complex legal landscape to ensure they meet all necessary requirements. Business lawyers often observe that this regulatory environment can be overwhelming for new entrepreneurs. This article explores the top five compliance challenges faced by startups in 2024, drawing insights from perspectives from experienced business lawyers who regularly advise on these matters.
The world of cryptocurrencies has captured the imagination of investors and businesses alike. India is no exception, witnessing a surge in interest in these digital assets. However, the legal and regulatory landscape surrounding cryptocurrencies in India remains unclear. While the Supreme Court in 2018 struck down the RBI's banking ban on cryptocurrencies (you can read a detailed analysis of this judgment by SEBI lawyer Vaneesa Agrawalhere), the absence of a comprehensive regulatory framework creates a sense of uncertainty.
Funds play a significant role in supporting the startups. It allows individuals with innovative and business-oriented mindsets to take risks and invest their time and efforts in startups. Considering this, on 7th March 2024, the Union Cabinet approved over Rs 10,000 crore fund for promoting AI-centred industries. Out of which, close to Rs 2000 crore fund will exclusively be allocated to the AI startups.
Funds play a significant role in supporting the startups. It allows individuals with innovative and business-oriented mindsets to take risks and invest their time and efforts in startups. Considering this, on 7th March 2024, the Union Cabinet approved over Rs 10,000 crore fund for promoting AI-centred industries. Out of which, close to Rs 2000 crore fund will exclusively be allocated to the AI startups.
