In order to create employment opportunities, Chief Minister MK Stalin on Tuesday gave a big push to industrial growth in the State.
Proposed Apex Skill Development Centre will be set up as a public-private partnership
Applications for the award were received from countries such as Australia, Germany, Hungary, India, Israel, Netherlands, Peru, Singapore, Sweden, UAE, UK, USA and Vietnam.
Governing body formed under chairmanship of Industries Min to make State services hub
Meanwhile, a FinTech cell has also been set up comprising members from Guidance and the industry. An official also highlighted the role of the cell.
Of the entire issue, 75 per cent will be reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
The collaboration will lead to an improvement in business climate, increased international trade and investments in TN, the release stated.
The initial public offer comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale of Rs 2,267.50 crore by existing shareholders, according to DRHP.
'We need to concentrate and focus all our attention on minimising digital fraud. We need to up our guard against digital frauds and cyber crimes,' Sankar stressed.
With credible solutions to delayed payments and access to credit, MSMEs can triple their gross value added from Rs 60 lakh crore to Rs 180 lakh crore in the coming decades
Karad said that the country had an adoption rate of 87 per cent in March 2020, as compared to the global average of 64 per cent.
The upcoming Initial Public Offerings (IPOs) including that of Paytm and Policy Bazaar is set to further boost the prospects of India’s fintech industry.
Already over 40 companies have hit the IPO market so far this year, raising close to Rs 70,000 crore.
The firm may consider raising around Rs 750 crore by way of a private placement of equity shares ahead of the IPO.
The company in its annual audit for the financial year 2020-21 had traced embezzlement of Rs 1.92 crore and an internal investigation was launched into the matter.