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Reliance General Insurance Files For Initial Public Offering

Tuesday, February 12, 2019, 2:53 PM

Reliance General Insurance Co Ltd has filed for an initial public offering (IPO) consisting of a fresh issue of shares worth up to Rs.200 crore ($28.15 million), parent Reliance Capital Ltd said on Tuesday. The IPO will also include an offer by Reliance Capital to sell up to 7.95 crore shares, Reliance Capital said.
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Swiggy 'Stores' to Start Delivering Home Essentials, Groceries

Tuesday, February 12, 2019, 2:40 PM

Indian online food delivery service Swiggy said it was expanding its ambit to include home delivery of essentials such as groceries from brick-and-mortar stores. Swiggy has tied up with stores to deliver fruits and vegetables, baby care items and health products, it said in a statement. Swiggy, which runs a mobile-based application and a website for food-delivery services, currently operates in more than 80-Indian-cities.
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DPIIT-certified startups likely to be exempted from angel tax

Tuesday, February 12, 2019, 11:31 AM

The government is reportedly considering giving complete exemption from 'angel tax' to startups certified by Department for Promotion of Industry and Internal Trade (DPIIT). This comes as startups raised concern on receiving 'angel tax' notices, impacting their businesses. Currently, funds raised by startups above the "fair market value" is deemed as income from other sources and taxed at 30%.

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