Developing Asia’s coronavirus-battered economy will shrink for the first time since the early 1960s, with the level of output next year still seen below pre-pandemic projections even as growth recovers, according to the Asian Development Bank.
The region’s gross domestic product will decline by 0.7 per cent in 2020, down from June’s projection of an increase of 0.1 per cent, the Manila-based bank said in a report Tuesday. A contraction this year would be the first since 1962, Yasuyuki Sawada, the ADB’s chief economist, said in a live-streamed briefing. Read More...
CashKaro, India’s largest Cashback and Coupons site has secured $10 million in a Series B funding round led by Korea Investment Partners and existing investor Kalaari Capital. This fresh funding takes the total amount raised by the Gurugram-based startup to $15 million. The company had previously raised their Series A and angel round of funding from Kalaari Capital, Ratan Tata, and London-based angel investors. Read More...
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