EMPLOYMENT PROVIDENT FUND
Mastercard’s swipe makes Pine Labs 1st unicorn in 2020
In a prepared statement, Pine Labs said it will work with Mastercard to deliver a range of card and real-time payments-based instalment financing at checkout — both in-store and online.
HDFC Overnight Fund
Imagine that you have planned a trip for a few days. But before you leave, you make sure all your valuable things, which ...
Smart investors' guide to ELSS mutual funds
The section 80C includes a host of options that qualify for tax deductions. That includes your Em...
What women bosses want this Budget: Focus on women wellness, funds to spread menstrual hygiene awareness
What women business leaders share this year's Budget wishlist.
Budget may give Rs 500 cr each for two MSME funds
The distressed asset fund will also receive a guarantee from the Credit Guarantee Fund Trust for Micro and Small Enterprises, which was set up by the government and Sidbi a few years ago.
Info Edge opens Rs 100 cr venture fund
It is, however, yet unclear if the company will bring in external investors to back the fund along side it, or the stage in which it will invest in potential companies.
Sebi bans Equicom Financial, directors from providing investment advisory services
They have also been barred from capital markets, Sebi said in an order.
Communication Resource Unit created to provide support to national flagship programmes
The Unit provides social and behavioural change communications (SBCC) to state governments as well as to central government schemes such as POSHAN Abhiyaan, National Health Mission and Swachh Bharath Mission among others. It is currently operating in three states of Andhra Pradesh, Telangana and Karnataka.
NIRDPR and UNICEF to provide communication support to national flagship programmes like Swachh Bharat
A release from NIRDPR said: "It provides Social and Behavioural Change Communications (SBCC) to State Governments as well as to Central Government Schemes such as POSHAN Abhiyaan, National Health Mission and Swachh Bharath Mission among others. It is currently operating in three states of Andhra Pradesh, Telangana and Karnataka.
Battery storage, smart grid and efficiency companies raised over $536 million through venture capital in 2019
Log 9 Materials, a developer of aluminum fuel cell technology – raised $3.5 million from Exfinity Venture Partners and Sequoia Capital India while, LivGuard Energy Technologies - an automotive products to batteries company - raised $32 million from ChrysCapital and Ncubate.
Jobs are back in formal economy
Cumulatively, 2,642,549 employees were added in November under the three social security schemes of the govt as per the payroll data released by the ministry of statistics and programme implementation. While 1,162,863 net additions were in EPFO, 1433,000 people were added under the Employees’ State Insurance Scheme and 46,686 were added under the National Pension Scheme.
Shared mobility startup Bounce raises $105 mn in fresh funding
Bounce currently operates its dockless scooters in Bengaluru and Hyderabad with a fleet of 13, 000 and 2, 000 vehicles respectively. It's docked scooter rental service is available to commuters in over 35 cities.
NABARD sanctions Rs 486.47 crore for Assam under its Rural Infrastructure Development Fund
In a statement the NABARD stated it has sanctioned Rs 410.38 crore out of total financial outlay of Rs 455.98 crore for rural bridges to be constructed in 29 districts. Around 27.12 lakh population in 803 villages will be benefited. The better connectivity would also benefit 322 markets, 208 schools and 88 hospitals/health centres.
Fund paucity halts repair of PMGSY roads
As many as 40% of roads have completed their design life and require repair/renewal. But funds are elusive.
Last-mile funding for stuck home projects a big draw for investors
Positive interest follows govt’s Rs 25,000 crore boost for stressed housing projects.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service