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The malpractices were a result of online education firms trying to outperform rivals in a competitive sector.

The firm recently surpassed USD 1 billion in assets under management.

With the latest funds, Tamara plans to fuel its expansion and launch in new GCC markets by the end of the year.

The company said it will use the injection of new funds to fuel its aggressive growth plans for 2021 and beyond.

Austrianova uses proprietary technology to encapsulate cells and bacteria for use in the medical space.

The institute aims to achieve breakthroughs in technologies that enable China to be self-reliant in microchips.

The funding comes at a time when Reserve Bank of India is working on floating its own fiat currency and putting a ban on crypto trading.

Employment is increasingly shifting from traditional industries like manufacturing to the online services sector.