QBiz: RBI to Announce Policy on 7 Feb, Intel’s Autonomous Driving
Top business stories of the day.
- Online food delivery startup Swiggy has acquired artificial intelligence startup Kint.io for an undisclosed amount, in its first acqui-hire in the so-called deep technology space.
- The Zee group owes Rs 13,500 crore to lenders, whose exposure is secured by equity shares of listed firms that include Zee Entertainment and Dish TV.
- Officials, however, said any company-specific relief would be difficult, and pointed out that the telecom industry itself is divided over the need for any financial relief, with latest entrant Reliance Jio not being in sync with market leader Vodafone Idea and Bharti Airtel’s call for relief.
- Asolution for India’s vexed angel tax may be around the corner, with the industry department setting up a panel comprising startups, angel investors and income tax officials to look into the issue.
- DPIIT on Monday held consultations with a select group of startups and angel investors at a meeting also attended by officials from the Central Board of Direct Taxes (CBDT).