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The uncertainty around future taxable profits because of the Covid-19 virus outbreak may lead to write downs or impairments of tax assets at some top banks, non-banks and manufacturing companies.
Jupiter, the digital banking startup founded by former PayU India managing director Jitendra Gupta, has raised an additional $2 million (Rs 15.2 crore) in a top-up funding round led by British venture
The central government has allowed 28 states to cumulatively borrow up to Rs 3.2 lakh crore from the open market in the first nine months of this fiscal year.
Bad loans put up for sale had few takers in March, a traditionally busy month for such deals, with just about a third of the assets drawing bids in a market virtually shut down by the Covid-19 pandemic.
Personal finance start-up SoFi has agreed to buy payments software company Galileo for $1.2 billion.The cash-and-stock deal will help the companies launch new products, expand internationally and capitalize on