For example, March 2020’s largest deals were health and fitness startup Cure.fit raising $114 million led by Singapore’s sovereign wealth fund Temasek and lender Vivriti Capital raising $50 million led by swiss investor LGT Lightstone Aspada. However, these deals had term sheets as early as November last year, according to an investor aware of the matter. … [Read more...] about Coronavirus impact: Startup funding falls 50% in March
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Another association, Indian Pilots Guild, also wrote a similar letter to the minister."There is no additional insurance policy for our pilots or cabin crew to cover any COVID 19 related risk, which leaves crew members’ families extremely anxious and vulnerable given the distinct possibility of Force Majeure clauses being invoked by Life and Non-Life Insurance Companies in the event of a mass COVID 19 outbreak," the association said. … [Read more...] about Coronavirus pandemic: Air India pilots complain of flimsy PPE, lack of insurance cover against COVID-19
Seed investors Better Capital and AngelList Syndicate Cloud Capital also participated in this round.Rupifi was founded this year by three software engineers - Anubhav Jain, Ankit Singh and Jawaid Iqbal. Jain had co-founded another fintech startup Qbera, which he quit in 2018. Singh was the co-founder of Truckmandi while Iqbal comes with almost a decade of experience at tech giant Google. … [Read more...] about Rupifi raises undisclosed pre-seed round from Ashneer Grover, Kunal Shah and others
In 2019, a Supreme Court ruling required employers to include certain allowances that have been paid regularly and uniformly for that employee category in the ambit of basic salary. “Our understanding is that 'basic wages' definition may tend to vary as per the employer. Also, the verdict is relevant largely for relatively low-earners whose basic salary is less than Rs 15,000,” says Archit Gupta, CEO and Founder, ClearTax. For those in the middle and higher-income groups, the basic salary as specified by their organisation will be taken into account. … [Read more...] about COVID-19: How much can you withdraw from your EPF?
As many as 30 states and Union Territories in India have already ordered complete lockdown under their jurisdiction in the wake of the coronavirus outbreak. Several countries across the world have resorted to lockdowns and imposition to curfews as a means to control the spread of the coronavirus as the number of cases globally nearly touches 4 lakh. … [Read more...] about Coronavirus pandemic | Here’s why this WHO expert thinks lockdown is not a long-term solution