Startup news and updates: daily roundup (April 29, 2021)

The UN team in India is supporting the country’s authorities to respond to the COVID-19 pandemic by providing critical supplies, and its agencies are procuring thousands of oxygen concentrators, oxygen generating plants, and other essential equipment as well as helping set up mobile hospital units, a spokesperson for the UN chief said. I know you’ve been asking about our support to India during the current surge in COVID-19 cases,” Deputy Spokesman for Secretary-General Antonio Guterres, Farhan Haq told reporters at the daily press briefing on Wednesday.

Reliance Foundation to provide free COVID treatment at upcoming 1,000-bed facility in Jamnagar

Reliance Foundation on Wednesday said it is setting up a 1,000-bed COVID-19 care facility with oxygen supply in Jamnagar, Gujarat, where all services will be provided free of cost. A 400-bed COVID care facility will be up and running at Government Dental College & Hospital in Jamnagar within a week. Thereafter, another 600-bed facility will be made operational at another location in Jamnagar within the next two weeks, the foundation said in a statement.

Indiamart acquires stake in Shipway Technology, Truckhall for about Rs 20 Cr

B2B ecommerce firm Indiamart on Wednesday acquired stake in two companies, Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing. The company has acquired a 26 percent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 percent stake in Truckhall for Rs 1.33 crore. According to the filing, Indiamart Intermesh, through its wholly-owned subsidiary Tradezeal Online will acquire 100 equity shares and 4,088 compulsorily convertible preference shares (CCPS) of Shipway Technologies.

FinMin relaxes COVID-relief material import norms for Indian Red Cross

The Finance Ministry has waived permissions required from any government departments for customs clearance of COVID-related relief material imported by the Indian Red Cross Society. In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27.

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