1. Angel tax relief for startups: Funding cap for exemption raised to Rs 25 cr
Bowing to sustained pressure from start-ups and venture capital funds over the so-called angel tax, the government on Tuesday eased tax norms for new businesses in a bid to boost investment and job creation. Click here to read more.
2. Flipkart's Sachin Bansal may join Ola board after Rs 650-crore investment
Ride-hailing firm Ola on Tuesday confirmed an investment of Rs 650 crore ($92 million) from Flipkart co-founder Sachin Bansal. This investment, which has been made by Bansal in his personal capacity as an investor.

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