Tag Archives: Karnataka

₹ 70 Crore Black Money Found After Income Tax Raids On Karnataka Civil Contractor

The Income Tax Department has detected unaccounted income of more than ₹ 70 crore after it recently raided a leading civil construction group of Karnataka, the Central Board of Direct Taxes (CBDT) said on Wednesday. The searches were carried out on October 28 at multiple locations in north Karnataka. “The search action has led to detection of unaccounted income of more than ₹ 70 ... Read More »

1,700 Startups Will Compete For A Seat In Karnataka Govt. ELEVATE 100 Programme

Karnataka Government has received 1,700 applications for its ELEVATE 100 initiative. Of these, the top 100 startups will be shortlisted to participate in the programme. ELEVATE 100 aims at elevating fledgling startups to the level of commercial success. The programme currently focusses on a number of diverse sectors, including IT, electronic system design manufacturing, animation visual gaming & comics, biotechnology, pharmaceuticals, agriculture, ... Read More »

Start-ups in Karnataka to receive Rs400 crore boost

A file photo. The Karnataka government will hold open houses to identify startups in Mangaluru, Kalaburgi, Mysuru and Hubli, after they had pitched their ideas to Elevate Team, said state IT and BT Minister Priyank Kharge. Bengaluru: The Karnataka government will spend Rs400 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into ... Read More »

Karnataka Announces ‘Initial Manufacturing Operations’ of Apple in India but No Deal Yet

The government of Karnataka said on Thursday it welcomed a proposal from Apple to begin initial manufacturing operations in the state, in a sign the tech company is slowly moving forward with plans to assemble iPhones in the country. “Apple’s intentions to manufacture in Bengaluru will foster cutting edge technology eco system and supply chain development in the state, which ... Read More »

Karnataka Government Says Seized 62 Uber Bike Taxis

The Karnataka government on Friday seized 62 two-wheeler taxis belonging to app-based cab aggregator Uber for violating the Motor Vehicles Act and continuing to operate without requisite permission. “We have seized 62 Uber bikes (two-wheeler taxis, uberMOTO) today (Friday) for operating illegally. We will take stern action against them (Uber) in accordance with the Motor Vehicles Act.,” Karnataka Transport Commissioner ... Read More »