Digital payments and financial services firm
Paytm has received in-principle approval from the company s board to raise around Rs 22,000 crore through an initial public offer (IPO) during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO.
Rural fintech startup Jai Kisan has raised $30 million Series A funding led by Mirae Assets. Existing investors Blume Ventures, Arkam Ventures, NABVENTURES (NABARD), Prophetic Ventures, Better, other global investors, and prominent HNIs also participated in the round along with Syngenta Ventures. Blacksoil, Stride Ventures, and Trifecta Capital contributed the debt in the round.
Ministry of Labour and Employment announced additional benefits for workers through social security schemes run by the Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC) amidst the COVID-19 pandemic.
The measure will play a key role in addressing the concerns of families of those workers who have died due to COVID-19 and also help them tackle financial troubles.
Prime Minister Narendra Modi said these steps will help mitigate financial difficulties faced by these families. “Family Pension under ESIC and EPFOEmployees Deposit Linked Insurance Scheme will provide a financial cushion to those families who have lost their earning member due to Covid-19. GOI stands in solidarity with these families,” he tweeted.
India News: NEW DELHI: The government on Saturday announced that dependants of workers who have died due to Covid-19 since March 23 last year will be eligible for.