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Jan 9, 2020

The Union Cabinet eased the rules for mining and selling coal in India. Union Minister of Coal Pralhad Joshi said "The coal sector is now open for foreign direct investments. Previously there was a restriction that anyone who participates in the auction should have coal mine operation in India. That has been removed. Anybody can participate in coal auction.” Read more

Jan 9th, 2019

1. Paytm launches new QR; adds support for RuPay cards. 

2. James Murdoch’s Lupa Systems makes the first India investment with Harappa Education. 

3. Edtech startup Testbook raises Rs 60 Cr led by Iron Pillar.  

4. Piyush Goyal directs SIDBI, CGTMSE to set up a framework for faster processing of SME loans.

5. Samsung Electronics estimates Q4 operating profit down by 34pc.

6. SaaS startup HighRadius becomes 2020's first unicorn, raises $125M in Series B from ICONIQ Capital, others. 

7. Mantra Capital launches a $60M early-stage fund to invest in Indian, US startups. 

8. PhonePe launches a new savings product ‘Liquid Fund’ for users on the platform. 

9. QR code facility for voters to be in 11 assembly constituencies in Delhi.

10. After Byju’s, OYO is now a Harvard Business School case study. 

11. University admissions company Leverage Edu raises $1.5M in a round by DSG, Blume.

12. GoMechanic raises $14.7M in Series B round led by Sequoia Capital, Chiratae Ventures.

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The government of India is working on plans to require all two-wheelers to be electric by 2026. “We are working in partnership with the private sector to finalise a road map for electrification of 2 Wheelers by 2026,” wrote Amitabh Kant in a recent email. Kant is the CEO of the government think tank Niti Aayog. Read more