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Latest round of Covid restrictions has lenders fretting over rising defaults SECTIONS Share Synopsis Yesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays and also extended the night curfew until further orders. Agencies However, the presence of a vaccine and last years experience of the lockdown along with government support to sectors hit due to Covid could cushion the impact this year unlike last year. Indian banks are fretting over another spike in defaults as tighter restrictions in Maharashtra, the largest state in terms of GDP contribution, along with rising cases across the country has brought credit quality challenges due to Covid-19 back to the fore. ....
[Funding alert] Career guidance app ICS Career GPS raises $400K from Bagla Group The investment, made by Aurangabad-based Bagla Group, will help the app to expand its presence across new markets, including Tier II and III cities. 0 claps Share on ICS Career GPS, a mobile app which is making online career guidance accessible and affordable for students and young professionals in both English and Hindi, has raised Rs 3 crore ($400,000) in an angel funding round. The investment, made by Aurangabad-based Bagla Group, will help the app to expand its presence across new markets, including Tier II and III cities. The funding will also be utilised for research and development, expanding its reach, and adding more useful features to the product. ....