As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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Tag: financial services
GST impact: The good & bad for fintech & start-ups under new regime
For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
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Analytics firm Zeta to invest $50 million in acquisitions
American big data and analytics firm Zeta Interactive plans to spend $10-50 million as it scouts for acquisitions in India. The Blackstone-backed company, which is valued at $1 billion, plans to buy out an Indian firm that will help it get on board local clients in sectors such as financial servi…
Kalraj Mishra inaugurates incubation cell at IIFT Delhi
Kalraj Mishra, Union Minister of MSME inaugurated Incubation Cell at at IIFT Delhi on July 18. Highlighting the initiatives taken by the government for uplifting the entrepreneurial spirit of youths in the country under Startup India, Standup India and Atal Innovation Mission, Mishra said that th…
Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India
Deutsche Bank’s former co-chief executive Anshu Jain is partnering with former colleague Bhupinder Singh to launch a non-bank finance company in India, counting on the millions underserved by the banking sector in his home country. The NBFC will lend to individuals, SMEs and entrepreneurs, …