This initiative highlights SCOPE's dedication to fostering innovation, collaboration and growth in the startup landscape, according to an official statement
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The maturity period for the debt issue spans five years, with interest payments scheduled on a half-yearly basis
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According to the ministry's announcement, this financial support includes a USD 1.086 billion loan from the World Bank, a USD 190 million grant from Norway, a USD 50 million grant from the United States and a USD 20 million grant from Switzerland
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This substantial growth stems from strategic advancements across its primary business segments
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This decline came in the wake of the company's announcement regarding the layoff of over 1,000 employees across its engineering, operations and sales divisions
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The bank confirmed the approval of Kalra's appointment by the Reserve Bank of India and the company's board
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This downsizing, one of the most extensive since the financial crisis, emerged as investment banks faced declining fees due to a slowdown in dealmaking and public listings
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Several banks and non-banking financial companies (NBFCs) have urged fintech partners to limit small-ticket personal loan disbursements
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