The statement said that the announcements cover a range of partnerships across strategic growth sectors, including energy and water, technology, arts and entertainment, healthcare, trade and investment.

BusinessToday.In spoke to a few businesses to understand what the government announcements regarding the angel tax norms and change in definition of startups meant to them

Saudi's stand on terrorism is very clear, so are its plans for bilateral tie-ups on business and economic matters, says Kamel Al-Munajjed, Chairman of the Saudi Indian Business Council.

The investment is not only Bansal's largest individual investment, but also accounts as the largest financing by an individual in Ola to date.

Given the close ties Saudi has with Pakistan, the country that is known to be sheltering the alleged masterminds of the attack, there is a general concern over its possible impact on the bilateral India-Saudi talks.

The government's move to relax norms for start-ups will \"unshackle angel investing\" and unleash the next wave of entrepreneurship in the country, helping India further strengthen its position as a leading \"start'up nation\", according to industry experts.

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement.