Top headlines: New rules for international arrivals; Spinny latest unicorn

Govt mandates Air Suvidha portal for international passengers’ comfort

In the wake of the Omicron menace, Ministry of Civil Aviation and Ministry of Health & Family Welfare mandated contactless self-declaration at Air Suvidha portal to make sure the sleek passage of international travellers arriving in India.

“The portal was launched in August 2020 and now has been strengthened to accommodate travel guidelines issued on November 30, 2021. This portal, developed by MoCA, aids passengers in providing their details of travel and final stay along with RT-PCR, vaccination status etc,” stated Ministry of Civil Aviation on Tuesday. Read extra

Spinny enters unicorn membership with $283 mn fundraise at $1.8 bn valuation

Used automotive retailing platform Spinny has raised $283 million in its Series E funding spherical from new and current buyers. The spherical was led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth.

In addition to those buyers, the spherical noticed participation from current buyers Feroz Dewan, Arena Holdings and Think Investments. Read extra

India is claimed to think about capital markets regulator for cryptos: Report

India is contemplating appointing its capital markets regulator to supervise cryptocurrencies, in response to individuals with information of the matter, as authorities look to categorise them as monetary belongings.

Prime Minister Narendra Modi’s authorities, which plans to introduce laws within the ongoing parliament session, will in all probability give crypto holders a deadline to declare their belongings and meet any new rules, the individuals stated, asking to not be recognized because the discussions are personal. Read extra

Medplus Health’s downsized IPO opens Monday at worth band of Rs 780-796

Pharmacy chain Medplus Health Services has set a worth vary of Rs 780-796 per share for its Rs 1,398-crore preliminary public providing (IPO). The share sale opens on December 13 and closes on December 15. Through the IPO, the Warburg Pincus-backed company is planning to lift Rs 600 crore by issuing contemporary fairness shares.

The relaxation Rs 798 crore is a proposal for sale (OFS). Among the promoting shareholders are Premji Invest’s PI Opportunities Fund, which is seeking to offload shares value Rs 623 crore and Natco Pharma which is promoting shares value Rs 10 crore. Read extra

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