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SPACs face new test: A wave of Asia-focused deals

SPACs face new test: A wave of Asia-focused deals
FILE PHOTO REUTERSPremium
Jing Yang
, The Wall Street Journal
Tycoons in the region put money into U.S. blank-check companies as major local stock exchanges haven’t allowed such listings
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Thousands of miles from Wall Street, the boom in blank-check companies is taking hold in a region where major stock exchanges don’t let firms raise money for unspecified uses.
In mainland China, Hong Kong and Singapore, investment firms controlled by tycoons and money managers have collectively raised billions of dollars on the New York Stock Exchange and Nasdaq Stock Market over the past year via special-purpose acquisition vehicles, showing how far-reaching the SPAC boom has been. ....

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Kinara Capital secures $10 million in funding from IndusInd Bank

The funds will be used by Kinara Capital for expanding financial inclusion of MSMEs, across manufacturing, trading, and services sectors in India. It has has disbursed Rs2,000 crore across 56,000 collateral-free small business loans ....

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IMA 'shocked' over Patanjali's Coronil claim, asks health minister to clarify

IMA shocked over Patanjali’s Coronil claim, asks health minister to clarify
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Being Health Minister of the country, how justified is it to release such falsely fabricated unscientific product, the IMA statement said
The IMA statement further said: Can you clarify the time frame, time line for the so-called clinical trial of this said anti-corona product
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The Indian Medical Association (IMA) on Monday said that it shocked over Patanjali Ayurveda s blatant lie of WHO certification for Coronil tablet, which the company claims is an evidence-based medicine to fight COVID-19. And it also demanded clarification from the Union Health Minister Harsh Vardhan regarding the medicine, saying, Being Health Minister of the country, how justified is it to release such falsely fabricated unscientific product. ....

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CM Uddhav Thackeray gives Maharashtra 10-15 days before lockdown decision: 10 updates

CM Uddhav Thackeray gives Maharashtra 10-15 days before lockdown decision: 10 updates
People visit the Juhu Beach, even as Maharashtra sees renewed spike in coronavirus cases, in Mumbai.
(PTI)
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Amid increasing cases of coronavirus in Maharashtra, Chief Minister Uddhav Thackeray has given a stern warning to the people of the state and said there will be a total lockdown if people don t start wearing face masks.
CM Thackeray said that lockdown will start from tomorrow evening wherever needed .
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. 27 Mar 2021
Bank FDs insured up to ₹5 lakh. Should I opt for bank that offers higher interest rates? ....

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Israel's speedy vaccination campaign now faces key test in returning to normal

Israel’s speedy vaccination campaign now faces key test in returning to normal
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(AFP)
. Updated: 22 Feb 2021, 05:12 PM IST The Wall Street Journal
Officials combine incentives with threats, offering perks like free meals at Covid-19 vaccination sites while warning that those who don’t get the shot will be shut out of everyday activities
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Israel lifted restrictions on most commerce and public activity, opening malls, markets and museums and requiring the use of a pass for some activities, to document vaccination status.
Sunday’s moves illustrate how Israel, which rolled out the world’s fastest Covid-19 vaccination campaign, is combining incentives and threats to get the rest of its population vaccinated and how it learned from missteps. ....

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