Hefty space saver bags6/30/2023 ![]() ![]() Tell me more: The markdown has come in the backdrop of PharmEasy having breached its loan covenant terms for its high-cost debt from Goldman Sachs, ET reported on Thursday. Global asset management company Janus Henderson has further marked down the valuation of its stake in Mumbai-based online pharmacy PharmEasy’s parent company API Holdings, filings with the US Securities and Exchange Commission (SEC) on May 30 showed.ĭriving the news: As of March 31, 2023, funds managed by Janus Henderson valued their stake in the startup at $2.7 billion – less than half of the $5.6 billion valuation that was ascribed to PharmEasy at the time of its last fundraise in September 2021.ĮT had reported last month that the asset manager had valued the epharmacy company at $2.8 billion as of December 31.Īlso read | System of a down round: valuation markdowns hit Indian startups to affect fundraising, IPO plans We should be able to bring it in the winter or in the Budget session. Consultations on the Telecom Bill are done. We should be able to bring it for consultation within the next few weeks. …the draft (of the Digital India bill) is almost ready. Status of upcoming Data bill: The Digital Personal Data Protection Bill will be introduced in Parliament in the monsoon session. So, like the DPDP bill, instead of keeping it prescriptive, we will state the principles based on which companies can evaluate what to do. ![]() Our challenge is to create that balance, where we take the good things out of this new technology and limit the potential harm that it can cause. ![]() The entire world is today concerned about how AI will affect societies and economies. Regulation of AI: The Digital India Bill will also deal with emerging technologies. Once volume is created, then the component ecosystem starts coming in. As always, every industry starts with assembly activities. Their focus is now on getting the component ecosystem. Almost all of them suggested that 60% of the global semiconductor industry’s demand would be for mature nodes and the rest 40% for advanced nodes.Īpple and Samsung for PLI 2.0: Apple and Samsung are both present in India and expanding. That was based on the experience and the advice of experts who are in the ISM. Submission of new applications: We modified the India Semiconductor Mission (ISM) scheme last October. India will focus on creating a supportive ecosystem for semiconductor manufacturing in the country, and not only on fabrication units, union technology, railways, and telecom minister Ashwini Vaishnaw told ET in a wide-ranging interview. ![]()
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