The ticket size of investments by 'TiE Angels Mumbai' would be Rs 25 to 50 lakh to be provided to entrepreneurs from across India based on the potential of idea or early stages of business.
"TiE is a platform to unite the global charter member network and create a cross=border investor initiative. Twenty of TiE Global network have their own Angel network and TiE Mumbai will be the first from India to have such a platform," a statement said.
Founded in 1992 in Silicon Valley, US, the global network of TiE (The Indus Entrepreneurs) has over 13,000 members across 18 countries. The network is driven by a mission of fostering entrepreneurship through mentoring, incubation and funding promising start-ups.
5nance.Com launches tax investment platform * Fintech startup 5nance.Com today launched tax investment platform, Tax-Max, which will enable taxpayers to complete the entire process right from planning, advisory, investments, filing and monitoring of investments done for tax saving under one single platform.
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"Income Tax return filing is usually perceived as a complex process. Most salaried tax payers still need assistance in filing the return. We have gone one step forward by helping our customers by offering tax planning and advisory through Tax-Max," 5nance.Com Founder and CEO Dinesh Rohira said in a statement.
CMI stocks make debut on NSE
* CMI Ltd, specialty cables manufacturing company, today said its shares got listed on the NSE, a move that will provide additional liquidity to retail investors.
Shares of the company is already listed on the BSE.
"Listing on NSE will provide additional liquidity to retail investors and will lead to better price discovery for CMI shares. Institutional investors, who are at times wary of investing in shares listed only on BSE due to liquidity concerns, will now have the additional comfort of CMI shares being listed on NSE while making investment decisions," CMI Ltd CMD Amit Jain said in a statement.
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