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Govt Of India May Exempt Crowdfunding From Companies Act

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Govt Of India May Exempt Crowdfunding From Companies Act,Startup Stories,Business News Updates 2017,Securities and Exchange Board of India,Crowdfunding Platforms in India,Companies Act,Startup Funding,SEBI Crowdfunding

The Government of India may exempt crowdfunding from the Companies Act to bring it under the regulatory authority of Securities and Exchange Board of India (SEBI.)

According to a news daily, two people with direct knowledge of discussions between the Corporate Affairs Ministry and SEBI, fundraising will be brought under the purview of SEBI to ease the way startups raise funding. The Government will be invoking Section 462 of the Companies Act which will give the Central Government the power to exempt class or classes of companies from the provisions of this act. However, this move requires the Parliament’s approval.

But, certain other sections of the Act stand as hurdles to this move as the Section 42 of the Companies Act limits the number of investors in a private entity to less than 50 at one go or 200 in a year. The companies, according to the section, will have to compulsorily make a public offer and list the securities on a recognized stock exchange if the number of investors is 200 or more in one year.

Crowdfunding uses social networks and internet platforms for fundraising attracting hundreds or thousands of donors who pay small amounts to fund a project. SEBI issued a warning against crowdfunding platforms in October last year calling them unauthorized, unregulated and illegal. However, in August 2017, SEBI tried to finalize norms for such platforms and even asked crowdfunding firms details about their businesses. The regulatory board further instructed such angel funds to exhibit a disclaimer that these platforms are neither stock exchanges nor authorized by the markets regulator to solicit investments.

As of September 2016, crowdfunding platforms in India raised close to $ 60 million in two years. With the unprecedented boom in the startup ecosystem, funding activity in the unlisted space has intensified. While the discussions between the market regulatores have begun, no concrete decision has been taken so far.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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MapmyIndia Sees 28% Surge in Q4 Profit, Hits INR 49 Cr

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MapmyIndia reported a strong fourth quarter for FY25, with consolidated net profit rising 28% year-on-year to INR 49 crore, up from INR 38.3 crore in Q4 FY24. Revenue from operations jumped 34% to INR 143.6 crore, while total income climbed 40% to INR 166.8 crore. EBITDA surged 47% to INR 58 crore, and the EBITDA margin expanded to 40% from 37% a year ago.

The Consumer Technology & Enterprise Digital Transformation (C&E) segment led growth, with revenue up 60% to INR 88.1 crore, while the Automotive & Mobility Technology (A&M) segment rose 7% to INR 55.4 crore. The company’s map-led business maintained strong EBITDA margins at 47%, and IoT-led margins improved to 14% in FY25 from 12% last year, reflecting a shift toward SaaS revenue.

For the full year, net profit increased 10% to INR 147.6 crore, and operating revenue grew 22% to INR 463.3 crore. The order book at year-end stood at INR 1,500 crore, up 10% year-on-year, supporting the company’s target to surpass INR 1,000 crore in revenue by FY28.

MapmyIndia also announced the renaming of its subsidiary Vidteq to Mappls DT, focusing on digital transformation and defence tech, led by former CEO Rohan Verma. The company declared a final dividend of INR 3.50 per share for FY25, and its shares closed 1.54% higher following the results.

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