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Apex Body Of Chemists Strikes Against Epharmacy Regulation; 1mg’s Prashant Terms It ‘Unfortunate’
The All India Organisation of Chemists and Druggists (AIOCD) has opposed the government’s decision of epharmacy regulation. In lieu of this, AIOCD reportedly called in a day-long nationwide strike on Friday (September 27). As per the  regulations, the epharmacies are given a set of regulations including data localisation and other sets of rules regarding registration.
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This week 13 startups raised around $106.3 Mn funding and six startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed funding amount). One of the biggest funding this week was raised by hotel chain OYO securing a total of $800 Mn in its latest financing round led by SoftBank. Read more to find out other startups who made it to the list.
On September 28, the reports of ecommerce retailer Infibeam stock getting crashed by more than 70% in a single day circled the media all day round, leaving the industry amid a state of confusion. A few hours later, a WhatsApp message was found to be the culprit. The message circulating among traders raised concerns about the ecommerce company’s accounting practices.
In line with Supreme Court’s verdict on Aadhaar case thereby restricting the use of Aadhaar data by private entities, IT Minister Ravi Shankar Prasad has now reportedly asked Unique Identification Authority of India (UIDAI) to prepare an action plan to ensure compliance with Supreme Court judgement.
San Francisco-headquartered global payments company Stripe has reportedly raised $245 Mn, at almost 2x valuation than the previous fund raise. The latest funding valued the company at $20 Bn, while the last valuation was $9.2 Bn after the $150 Mn fund raise in November 2016.
Ahead of the Supreme Court’s decision in the crypto case, India’s leading cryptocurrency exchange operator Zebpay has shut down its exchange operations. On the other hand Google is apparently going to partially lift the cryptocurrency and ICOs related ads ban. Let’s take a look at the some of the top Bitcoin-related developments this week!
The report discusses the vast scope of application of blockchain across industries, specifically exploring opportunities in India and explains the difference between blockchainand cryptocurrencies for readers with limited or no knowledge of the technologyOrder your copy now!
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