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India launched a production scheme which provide the US companies for investment in pharmaceutical, medical devices sector

India launched a production scheme which provide the US companies for investment in pharmaceutical, medical devices sector

India has launched a production scheme which will provide the US companies a new opportunity for investing in pharmaceutical and medical sector. India has reached out to top American pharma companies seeking investment in the...

Wealth Management Platform Nivesh raises 1.6 million USD from Indian Angel Network Fund & Others

Wealth Management Platform Nivesh raises 1.6 million USD from Indian Angel Network Fund & Others

Nivesh, which is a wealth management platform, has raised $1.6 million in a funding round led by the Indian Angel Network (IAN) Fund. Other IAN angel investors, including LV Angel Fund, also participated in the round. The Indian Angel Network...

Goldman Sachs lowers India growth forecast to 11.1% for FY21

Goldman Sachs lowers India growth forecast to 11.1% for FY21

Wall Street brokerage firm Goldman Sachs has lowered its estimate for India’s economic growth to 11.1 per cent in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns of varying intensities to check spread of...

Accenture pledges 25 million US dollars for pandemic relief efforts in India

Accenture pledges 25 million US dollars for pandemic relief efforts in India

Global IT and professional services company Accenture on Tuesday said it has pledged USD 25 million (about Rs 185 crore) for the pandemic relief efforts in India. This is in addition to the company’s ongoing investments in people and...

Local Lockdowns to Cost Indian economy up to $38 billion till June says Barclays

Local Lockdowns to Cost Indian economy up to $38 billion till June says Barclays

Holding liable on the slow pace of vaccinations and uncertainty around the number of those infected and dead in the second wave of COVID-19, global brokerage firm Barclays cut India's FY22 GDP growth estimate to 10% from earlier 11%. If...

Corporate Affairs Ministry (MCA) to relax Late Fee for various filings under Companies Act

Corporate Affairs Ministry (MCA) to relax Late Fee for various filings under Companies Act

The corporate affairs ministry has provided relaxations waived late fees for various filings under the Companies Act, LLP Act and extended till July 31 on account of disruptions caused by the second wave of Pandemic. The period between two...

Bitcoin Market Raises 58 percent in Past Three Months

Bitcoin Market Raises 58 percent in Past Three Months

It was $1.15 trillion on February 5, 2021, when Bitcoin was nearing the $37,800 price mark and Ethereum was at $1,724. Cut to May 3, 2021: Bitcoin is now 53 per cent up at $58,000, Ethereum 83.8 per cent to $3,170, and the combined market cap of...

SEBI Relaxes Rules for Compliance Timelines for Debentures Trustees

SEBI Relaxes Rules for Compliance Timelines for Debentures Trustees

In the midst of the ongoing coronavirus pandemic, the Sebi on Monday loosened restrictions for debenture trustees in order to comply with regulatory criteria pertaining to transparency about asset cover certificate monitoring. The move comes...

Small and medium businesses get relief on GST interest and late fee

Small and medium businesses get relief on GST interest and late fee

The central government has announced late fee waiver on filing of goods and services tax (GST) returns for March and April, besides reducing interest rates on late payments, according to orders issued by the finance ministry on Saturday. The move...

Yes Bank explores bid for Citibank's Indian assets

Yes Bank explores bid for Citibank's Indian assets

Private lender Yes Bank is exploring a potential bid for the Indian retail assets of Citibank, joining a list of suitors eyeing the local operations of the foreign bank that is partially exiting 13 countries. Yes Bank will also look at acquiring...

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