Zomato raises $250 million from 5 different investors
Food delivery platform Zomato has raised $250 million from five different investors as part of a primary fundraising round. The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, which holds a stake in the company, said in a regulatory filing. Info Edge's stake in the company stands at 18.4 per cent after the fundraising round.
Growth momentum needs to strengthen further for sustained economic revival: RBI Governor
The growth momentum needs to strengthen further for a sustained economic revival and a quick return of output to pre-COVID trajectory, RBI Governor Shaktikanta Das said, as per the minutes of Monetary Policy Committee meet. During the MPC meeting held from February 3 to 5, the Reserve Bank of India (RBI) had kept the policy rates unchanged and decided to continue with accommodative stance as long as necessary
IMA appalled over Patanjali's WHO certification claim on Coronil; demands explanation from Harsh Vardhan
The IMA on Monday expressed shock over the "blatant lie of WHO certification" for Patanjali's Coronil tablet, which the company claims is an evidence-based medicine to fight COVID-19, and demanded an explanation from Union Health Minister Harsh Vardhan in whose presence the medicine was launched. This comes in the wake of global health body, WHO, clarifying that it has not reviewed or certified the effectiveness of any traditional medicine for the treatment of COVID-19.
Covid-19 cases on the rise again in India; Kerala and Maharashtra worst hit
Active Covid-19 cases in India rose for the fifth consecutive day following an upsurge in infections in Maharashtra, Kerala, Chhattisgarh, Punjab and Madhya Pradesh. According to the Union Health Ministry, active cases went past the 1.5 lakh mark on Monday after a gap of 17 days, with total infections crossing 1.10 crore. Maharashtra and Kerala account for 74 per cent of all the active cases.
India set to clear 45 investment proposals from China, may include Great Wall Motor, SAIC
India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp, government and industry sources told Reuters, as military tensions between the two countries ease at the disputed border. The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against alleged Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.