The Government of India has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. with Unity Small Finance Bank Ltd. (USFBL).
After the amendment, a grant for the purchase of drones up to 100 per cent of the cost of agriculture drones or INR 10 lakhs, whichever is less, can be given.
Swiggy has signed a $700 million funding round led by asset manager Invesco. With this, the total valuation of Swiggy has reached to $10.7 billion i.e. it is now a decacorn.