The Ministry of Corporate Affairs on Monday allowed businesses to make a fresh beginning as fully compliant entities by making good any defaults related to statutory filings, irrespective of the duration of the default.
Electric scooter maker Ather Energy Pvt. Ltd said on Tuesday that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million (?220 crore).
In a move that would diminish the adverse impact of angel tax on the startup ecosystem to a large extent, the Ministry of Commerce and Industry on Tuesday widened the definition of startup thus making it smoother for investors to put in their money in these companies.
After the deadline of July 31 for online food delivery platforms to delist non-FSSAI licensed food businesses, about 40% of restaurants listed on online food delivery platforms such as UberEats, Zomato and Swiggy have failed to meet its deadline for obtaining licence.