Fitch cuts India growth rate forecast for 2021-22 to 10% Recently, Fitch Ratings has revised down its GDP growth forecast for India in 2021-22 (FY22) to 10% from 12.8%. The reason for this reduction is attributed to the slow recovery after the second wave of COVID-19. Fitch believes the new restrictions have slowed reform efforts…
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Pharmeasy has announced the acquisition of rival Medlife, making it India’s largest online pharmacy. The deal will make FarmEasy the largest player in the domestic online pharmacy space, with the combined entity serving 2 million customers a month. The deal valued MedLife shareholders at $ 250 million. Find More Business News Here Medlife customers…
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A recent banking technology startup, Zeta, has raised $ 250 million from Japanese investment major SoftBank at a valuation of $ 1.45 billion. Zeta became the 14th Indian startup to surpass the $ 1 billion valuations in 2021. SoftBank’s Vision Fund II was the source of investment. However, SoftBank’s investment has resulted in a more…
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RBI gives PPI authority to Eroute Technologies Recently the Reserve Bank of India (RBI) has given authorization to Eroute Technologies to operate as a prepaid payment instrument (PPI) company. RBI issued authorization to Eroute Technologies Private Limited with permanent validity to issue and start operation of semi-closed pre-paid devices in the country. The company aims…
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In the new DLT system, the contents of every SMS containing the registered template will be delivered only after the verification. It was implemented from 8 March. Telecom Regulatory Authority of India (TRAI) has recently released the list of 40 companies, banks etc. that have failed to follow its latest SMS rules. Customers of these…
Mukesh Ambani topped Forbes India Rich List 2020 Click Here To Read Topic Wise Study Recently, Reliance Industries Limited (RIL) chairman Mukesh Ambani topped the 2020 Forbes India Rich List. He has topped Forbes India list for the 13th consecutive year as the richest Indian. The business tycoon added $ 37.3 billion in net assets,…
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SAP ने भारतीय MSMEs के लिए Global Bharat Program शुरू किया Recently the Global Bharat program has been launched by the German technology firm SAP India. The program is designed to equip Indian micro, small and medium enterprises (MSMEs) with digital technologies to make them globally competitive. SAP India will be able to provide MSMEs…
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ब्रिटिश पेट्रोलियम पुणे में खोलेगी अपना ग्लोबल बिजनेस सर्विस सेंटर Britain’s renowned oil company “British Petroleum” is opening a Global Business Service Center in Pune, Maharashtra to support its global businesses. The center will be set up in Pune, Maharashtra to operate Global Business Services (GBS). The center is expected to start operations by…
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Indian Energy Exchange launches “real-time electricity market” “Real-time Electricity Market (RTM)” has been launched by the Indian Energy Exchange on its platform, which will be effective from 01 June 2020. The Central Electricity Regulatory Commission (CERC) envisages creating a dynamic with the recently launched market — the market strength over time. RTM will make the…
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Airtel Payments Bank has joined hands with MasterCard to produce financial products according to Indian farmers and Small and Medium Enterprises (SMEs). These financial products are especially for the areas where bank administration has very little reach. This concerted effort will unite MasterCard’s worldwide and collaborative partnership to deliver advanced financial solutions and Airtel Payments…
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