Enlighten Angel Fund has announced it has received SEBI approval to operate as an Alternate Investment Fund (AIF).The fund has launched its maiden fund of Rs 200 crore, which includes a Rs 100 crore greenshoe option. It will focus on emerging technologies and disruptive startups, aligning with the country's vision for sustainable growth.
Open FlipManmohan Singh, the trailblazer of new economic policy (NEP) reforms is no more. In 1991, Indian economy was opened up, from the suffocating autarky, under the able guidance of then Finance Minister Manmohan Singh.From a pathetic forex level, insufficient to finance a few week of imports, India did take off towards liberalisation, globalisation and privatisation under his term as finance minister.
Open FlipIndia’s banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection. The banking system’s liquidity shortfall has jumped to its highest level in nearly seven months due to tax outflows and central bank’s regular foreign exchange intervention, market participants have said.
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