 "Union Minister for Finance and Corporate Affairs Arun Jaitley with Banking Secretary Rajeev Kumar in New Delhi on Thursday photo: pti")
Big capital push for PSU banks
The government will infuse Rs 830 billion into public sector banks in the remaining months of 2018-19, taking capital injection into lenders to Rs 1.06 trillion in the year. Read more
Swiggy raises $1 bn; valuation jumps fivefold since February
India’s largest online food-ordering service, Swiggy, has raised a mammoth $1 billion in fresh funding led by South African internet and media conglomerate Naspers, pulling its valuation up to $3.3 billion. This represents a fivefold increase in the company. Read more
No coercive action
The government will infuse Rs 830 billion into public sector banks in the remaining months of 2018-19, taking capital injection into lenders to Rs 1.06 trillion in the year. Read more
Swiggy raises $1 bn; valuation jumps fivefold since February
India’s largest online food-ordering service, Swiggy, has raised a mammoth $1 billion in fresh funding led by South African internet and media conglomerate Naspers, pulling its valuation up to $3.3 billion. This represents a fivefold increase in the company. Read more
No coercive action
