Major News Headlines, March 8th to March15th

1)On this Women’s Day SWAN (Smart Women Angels Network) Launched to Promote Women Entrepreneurship
2) Anil Ambani led Reliance Capital makes a whooping 275 crores profit from just 10 crore investment in a span of 4 years.
3)  India plans to Modernize its Railways via Investment from UAE
4) Women Employees are now entitled To Maternity Leave of 26 Weeks

1)SWAN

On the occasion of International Women’s Day, T-Hub and Anthill have launched an international startup initiative for women, Smart Women Angels Network (SWAN). The initiative is aimed at supporting Entrepreneurship among Women, creating awareness about investing and facilitates women with investments.

2)Reliance Capital

Reliance capital sold its 1% equity in paytm to Alibaba group for 275 crores. Alibaba is prime investor and majority shareholder in PayTM and planning to increase its investment in the company and create a competing landscape in eCommerce space.

According to a statement released by the Indian embassy in Abu Dhabi, Mr. Prabhu visited the UAE from March 5th to 7th, on the invitation of Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of the UAE.In January 2017, PM Narendra Modi said that his government was in a ‘mission mode’ when it came to rejuvenating the Indian Railways.

4)Maternity leave

The Lok Sabha (with 53 MPs among which 11 are women MPs ) passed the bill which entitles women both from the Public and Private sectors to enjoy Maternity Leave of 26 weeks.The Bill was already passed in Rajya Sabha but the demand was to amend the Maternity Benefit Bill. It demanded extension of maternity leave from 12 weeks to 26 weeks