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Detailed stories on technology startups, business and economic current affairs.

News has been doing the rounds that ties between India and China have either already improved or are in the process of improving. Early last week, the government of India said that it had begun granting investment approvals on a case-to-case basis. Last year in April, the government had summarily banned all foreign direct investment, or FDI, from China after border tensions escalated between the two countries. From The Times of India:
“The sources made it clear that the large proposals would be taken up later after a careful analysis of the situation. To help smoothen the process, the …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.