SEBI Eases Fundraising Rules for Small NGOs, Enhancing Financial Opportunities
One of the most notable changes is the reduction in the minimum fundraising size for NPOs and NGOs, which has been halved from Rs 1 crore to Rs 50 lakh.
“Navigating Expansion: MapmyIndia’s ₹500 Crore Fundraising Move
CE Info Systems Ltd, operating as MapmyIndia, has recently announced plans to raise funds worth up to ₹500 crore through a Qualified Institutional Placement (QIP).
Mounting Concerns as Stressed Unsecured Loans Cross Rs 93,240 Crore in Bank Portfolios
The Indian banking sector faces a mounting challenge as stressed unsecured loans in bank portfolios soar, crossing the alarming threshold of Rs 93,240 crore.
Blod.in Revolutionizes Healthcare with Blod+: India’s First Blood Logistics Platform
This innovative software and logistics platform addresses the critical issue of blood wastage in healthcare facilities, promising to significantly reduce such wastage and improve the efficiency of blood distribution.
BITS Pilani Unveils ‘Womenpreneur for Bharat 1.0’ with NITI Aayog and ABCF
‘Womenpreneurs for Bharat 1.0’ aims to provide financial support and incubation assistance to women entrepreneurs who are developing solutions for or from Tier 2/3/4 cities in the Northeast, Rajasthan, Haryana, and Jammu and Kashmir.
Project Maitri: Empowering Women Entrepreneurs in North-East India with MakeMyTrip
MakeMyTrip, a leading online travel platform, has partnered with the Women Entrepreneurship Platform (WEP), incubated under Niti Aayog, to launch ‘Project Maitri’.
Transforming Online Insurance: PB Fintech Injects Rs 350 Crore into Policybazaar
The capital infusion will be executed through the allocation of approximately 58 lakh shares by PB Fintech to Policybazaar. Specifically, an investment of INR 349,99,99,904 will result in the issuance of 58,04,311 equity shares priced at INR 10 each, with a premium of INR 593 per share.
Digital Devotion: Vama’s $1.5 Million Leap in Virtual Spirituality
Vama, a virtual spiritual platform, has successfully raised $1.5 million in a seed funding round. This investment is indicative of the growing interest in digital spiritual solutions and Vama’s unique approach to this domain. Here’s a detailed overview of this development:
ED Issues Show-Cause to BYJU’S: Exploring the Alleged Rs 9.3K Crore FEMA Violations
These notices came after a comprehensive investigation by the ED, which found several contraventions of FEMA provisions amounting to Rs 9,362.35 crore (about USD 1.2 billion).
SEBI Halves Minimum Issue Size on SSE to Rs 50 Lakh: Boosting NPO Fundraising
SEBI has announced a 50% reduction in the minimum issue size for NPOs fundraising on the SSE, bringing it down from Rs 1 crore to Rs 50 lakh. This applies to the public issuance of Zero Coupon Zero Principal Instruments (ZCZP).