| Date | Title | Description |
| 25.07.2024 | Incuspaze's $8 Million Leap: A New Era for Flexible Workspaces in India**
** | ** In the bustling landscape of India's flexible workspace market, Incuspaze has made a significant splash. The company recently secured $8 million in its first funding round, led by the India Inflection Opportunity Fund (IIOF) and other fi... |
| 25.07.2024 | The Rise and Fall of Byju's: A Cautionary Tale in Ed-Tech**
** | ** Byju Raveendran was once the golden boy of India's startup scene. He transformed a simple teaching passion into a billion-dollar ed-tech empire. Byju's, his brainchild, soared to a staggering valuation of $22 billion. But like a house of... |
| 24.07.2024 | Co-working startup Incuspaze raised $8 M maiden funding from IIFO, others | In its first fundraising round, workspace solution provider Incuspaze raised about $8 million, with the India Inflection Opportunity Fund (IIOF) and other financial institutions leading the charge.
According to a statement from the business... |
| 22.07.2024 | India ed-tech firm Byju's founder faces reckoning as startup implodes | Previous
FILE PHOTO: Byju's owner Byju Raveendran photo is seen on his company web page in this illustration taken, July 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: BYJU'S owner Byju Raveendran photo is seen on his comp... |
| 22.07.2024 | Incuspaze Secures USD 8 Mn in Maiden Funding to Expand Workspace Solutions The raised capital will beef up Incuspaze's capabilities to provide top-tier workspace solutions to enterprises, MSMEs, and s... | Workspace solution provider Incuspaze has announced the raising of approximately USD 8 million in its maiden funding round, led by the India Inflection Opportunity Fund (IIOF) and other financial institutions.
"This investment will sig... |
| 20.07.2024 | Karnataka HC Rejects BYJU’S Plea In BCCI Case | SUMMARY
The edtech firm plans to approach the National Company Law Appellate Tribunal (NCLAT) again on Monday
Earlier, it was reported that the NCLT had admitted BYJU’S parent company, Think and Learn Pvt Ltd, into insolvency due to unpaid ... |
| 19.07.2024 | Indian ed-tech giant Byju's faces total shutdown if insolvency proceeds, CEO says | NEW DELHI : Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court fi... |
| 19.07.2024 | Insolvency Proceedings Will Force Thousands Of Employees To Quit: BYJU’S CEO | SUMMARY
In a plea before the Karnataka HC, CEO Byju Raveendran said that the insolvency proceedings will likely cause vendors, who “provide critical services” for the upkeep of the startup’s online platforms, to declare a default
Raveendran... |
| 19.07.2024 | [Weekly funding roundup July 13-19] VC inflows continue to show modest rise
Recommended Stories For You | The month of July continues to remain subdued for the Indian startup ecosystem as venture capital funding on a weekly basis remains modest with small upticks and no visible upward movements.
The total funding for the third week of July stoo... |
| 17.07.2024 | As NCLT acknowledges insolvency resolution, creditors may seize control of Byju’s | The Indian Cricket Board has filed a plea, forcing Byju’s—once the most valuable Indian startup—to go through the insolvency resolution process at the National Company Law Tribunal (NCLT).
In accordance with section 9 of the Insolvency and ... |
| 15.07.2024 | Deepinder Goyal’s stake in Zomato surpasses $1 B; joins billionaire club | Zomato’s founder and CEO, Deepinder Goyal, became a billionaire when the value of his shares in the foodtech company topped Rs 8,400 crore.
With this, Goyal becomes the latest in a line of businessmen who have achieved a comparable peak in ... |
| 06.07.2024 | Karnataka HC Restricts BYJU’S From Making Allotment Of Shares, Asks To Maintain Status Quo | SUMMARY
The court ordered that the status quo be maintained until the NCLT makes a final decision on the rights issue dispute
The court also directed the NCLT to decide on the rights issue aspect expeditiously, by July 31
The rights issue h... |
| 05.07.2024 | Former Employees Ask BYJU’S To Pay INR 2.3 Cr Salary Dues Or Face Insolvency Proceedings | SUMMARY
Bengaluru-based law firm Canvas Legal has issued the demand notice of over INR 2.3 Cr on behalf of 62 former employees of BYJU’S
BYJU’S has been given 10 days time as per the Insolvency And Bankruptcy Code. If it fails to respond, t... |
| 04.07.2024 | NCLT tells Byju’s to pay salary dues to employees or face audit | The National Company Law Tribunal (NCLT) has directed the embattled edtech major Byju’s to pay salaries irrespective of having access to the funds raised through its rights issue and warned of an audit if employees were not paid.
The tribun... |
| 04.07.2024 | NCLT’s Ultimatum To BYJU’S: Pay Employee Salaries Or Face Audit | SUMMARY
During its July 4 hearing, the tribunal told the troubled startup to pay employees irrespective of getting an access to funds raised via its rights issue
The tribunal also warned the company of an audit by the Institute of Chartered... |
| 03.07.2024 | BYJU’S Seeks More Time From NCLT To Decide On Pledging Or Selling Assets | SUMMARY
BYJU'S has requested for 48 hours from the National Company Law Tribunal to decide whether it should undertake not to pledge, sell or transfer its assets amid a dispute with investors
This comes a day after the Karnataka HC set asid... |
| 02.07.2024 | Karnataka Labour Minister Asks BYJU’S To Resolve Dues Of Former Staff | SUMMARY
BYJU's reportedly owes its former employees about INR 4.5 Cr in unsettled dues
The edtech company has reportedly pledged to clear all dues owed to former employees within a month of receiving a relief order from the NCLT
This comes ... |
| 02.07.2024 | Karnataka HC Sets Aside NCLT’s Stay On BYJU’S Second Rights Issue | SUMMARY
Hearing BYJU’S petition against the NCLT’s order, the Karnataka HC sent the matter back to the Tribunal for a fresh consideration
Last month, the NCLT restrained BYJU’S from proceeding ahead with its second rights issue
BYJU’S inves... |
| 26.06.2024 | Индийские стартапы привлекли $3,9 млрд с начала года | - |
| 26.06.2024 | MCA Refutes Reports Of It Clearing BYJU’S Of Fraud, Says Probe Ongoing | SUMMARY
Terming the report “factually incorrect and misleading”, the MCA said no final conclusion should be drawn on the matter at this stage
The clarification came hours after a news report said that the MCA did not find any evidence of an... |
| 25.06.2024 | India: Prosus writes off Byju's investment, records $493m loss | Netherlands-based technology investor Prosus has written off the value of its 9.6% stake in Byju’s, once considered one of the most valued startups in India. |
| 17.06.2024 | SoftBank’s Masayoshi Son set for ‘next big move’: report | Artificial IntelligenceInvestmentsNews
Lokesh Choudhary · 2d ago · 2 min readSoftBank’s Masayoshi Son set for ‘next big move’: report
Photo credit: Shutterstock
SoftBank founder Masayoshi Son appears to be ready for his next big moves, Bloo... |
| 13.06.2024 | BYJU’S Rights Issue: NCLT Asks Edtech Giant To Maintain Status Quo On Shareholding | SUMMARY
The NCLT directed embattled edtech giant BYJU’S to maintain status quo with regard to existing shareholders and their shareholding
The bench was hearing a plea filed by General Atlantic Singapore and Sofina S.A. against the edtech g... |
| 12.06.2024 | Private Credit Industry Experiences Surge in Investor Demand Amidst Growing Complexity | The private credit industry is currently experiencing a significant surge in investor demand, with Briarcliffe Credit Partners at the forefront of this exciting trend. The recent appointment of Nelson Chikusa as Executive Director to lead f... |
| 12.06.2024 | Vitruvian Partners Ropes In Kedaara Capital MD Kartikeya Kaji As India Head | SUMMARY
Kaji is said to have been appointed to speed up Vitruvian Partners’ expansion in India
He has previously worked for PE giants such as Clayton Dubilier & Rice and Temasek Holdings, among others
Vitruvian’s India portfolio include... |
| 11.06.2024 | Edtech Funding Has Not Hit Bottom | 8 Shares Email Facebook Twitter LinkedIn
Education is not a hot area for venture investors lately.
So far in 2024, startups in the space have pulled in just over $1 billion in total funding, 1 per Crunchbase data. Consequently, investment i... |
| 07.06.2024 | NCLAT Dismisses Appeal Petition Of Investors Against BYJU’S, Ball Now In NCLT’s Court | SUMMARY
The NCLAT dismissed the plea as investors of BYJU’S had already filed a contempt petition against the edtech major for the violations
The appeal by investors was filed against the NCLT’s April 23 order, in which the Tribunal decline... |
| 06.06.2024 | HSBC pegs Byju’s valuation to zero from $22b high | ManagementNews
Gabriel Budi Sutrisno · 4h ago · 2 min readHSBC pegs Byju’s valuation to zero from $22b high
Byju’s co-founder Byju Raveendran / Photo credit: Byju’s
Once at US$22 billion, HSBC has pegged the valuation of Indian edtech firm ... |
| 05.06.2024 | A realm full of opportunity and test Among the countries considered to be hotbeds for startups, India consistently makes the top ten; much of it has to do with the policy-making and cultural shifts th... | - |
| 05.06.2024 | BYJU’S Term Loan B Saga: Now, Lenders Initiate Bankruptcy Proceedings Against Epic!, Other Guarantors | SUMMARY
The ad hoc group of lenders for Term Loan B have filed petitions under Chapter 11 of the US Bankruptcy Code to initiate proceedings against Epic!, Neuron Fuel, and Tangible Play
The ad hoc group of lenders again alleged that BYJU’S ... |
| 31.05.2024 | Byju’s US affiliates slapped with involuntary bankruptcy cases from creditors | News
Elyssa Lopez · 17h ago · 2 min readByju’s US affiliates slapped with involuntary bankruptcy cases from creditors
A group of creditors led by US-based HPS Investment Partners has filed involuntary Chapter 11 bankruptcy cases against thr... |
| 29.05.2024 | US lenders urge NCLT to restrain Byju’s from alienating shares | Embattled edtech major Byju’s US lenders have urged the National Company Law Tribunal (NCLT) to restrain the company from pledging, selling or transferring its shares.
The US-based non-bank loan agency Glas Trust Company LLC have filed an i... |
| 29.05.2024 | TLB Lenders Urge NCLT To Restrain BYJU’S From Selling Shares | SUMMARY
The creditors argued that BYJU’S was borrowing more money and alienating its shares in exchange, “causing grave prejudice” to the creditors
Citing 10 insolvency petitions against BYJU’S before NCLT and its financial condition, the l... |
| 28.05.2024 | Relief For BYJU’S: K’taka HC Extends Stay On Resolutions Passed At EGM | SUMMARY
The Karnataka High Court extended the stay on the implementation of the resolutions passed by BYJU’s investors at the company’s EGM
This means that Raveendran will continue to helm of the troubled startup
The court’s decision today ... |
| 23.05.2024 | Delhi to Delaware: No end in sight for edtech giant Byju's problems | - |
| 23.05.2024 | EdTech Crisis: Rise And Downfall of Byju's The downfall for the company started when it failed to release results for FY2022 and later they were released after 18 months. The company is yet to declare... | - |
| 22.05.2024 | Byju's Director Riju Raveendran 'not truthful' on missing $533 mn: US judge | - |
| 22.05.2024 | Navigating the Boom: How Investors Are 'AI-ing' Big in India While the startup ecosystem tries to leave the funding winter behind, the AI startups and investors are having a pleasant time | - |
| 21.05.2024 | Edtech company Byju's starts new batches in 240 centres across India | - |
| 19.05.2024 | Mohandas Pai, Rajnish Kumar To Step Down From BYJU’S Advisory Council | SUMMARY
The two industry veterans will leave the advisory committee once their year-long tenure ends on June 30
In a statement, BYJU’S said that the edtech giant as well as the industry veterans have “mutually” decided not to renew the cont... |
| 17.05.2024 | Forbes 30 Under 30 Asia: Indian entrepreneurs shine among 300 trailblazers | - |
| 17.05.2024 | Prosus and parent Naspers name Fabricio Bloisi as CEO | Dutch-listed investment firm Prosus and its parent Naspers appointed Fabricio Bloisi as chief executive officer. He replaces long-time CEO Bob van Dijk who abruptly resigned last September.
Prosus, which is an investor in start-ups like Byj... |
| 09.05.2024 | Indian PE, VC investments decline 35% to $39 billion in 2023: Report | - |
| 02.05.2024 | Cash-strapped Byju's may pay salary to employees for April this week | - |
| 28.04.2024 | Startups grew over 300 times in ten years: Union Minister Jitendra Singh | - |
| 26.04.2024 | Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024 | - |
| 23.04.2024 | Byju's continues facing cash crunch as NCLT defers hearing to June 6 | - |
| 22.04.2024 | Raveendran secures pvt debt to pay March salaries of employees at Byju's | - |
| 22.04.2024 | Raveendran raised debt to pay March salaries of Byju's employees | - |
| 22.04.2024 | Embattled BYJU’S Clears Part Employee Salaries For March | SUMMARY
After multiple delays in disbursing the employee salaries for the month of March, BYJU’S cleared part of the pending salaries on April 20
Founder and CEO Byju Raveendran took more personal debt to clear the salaries, a source told I... |
| 19.04.2024 | PE, VC investments decline marginally to $13.5 bn in March quarter: Report | - |
| 19.04.2024 | Singapore-based Amazon execs feel the brunt of job cuts | ManagementNews
Miguel Cordon · 11h ago · 1 min readSingapore-based Amazon execs feel the brunt of job cuts
Amazon Web Services will be investing US$5.4 billion in Malaysia. / Photo credit: Amazon
Recent job cuts from US ecommerce titan Amaz... |
| 18.04.2024 | Teleperformance’s Insolvency Plea: NCLT Gives BYJU’S One-Week’s Time To Settle Dispute | SUMMARY
BYJU’s counsel informed the Bengaluru bench of the NCLT that the company was trying to resolve the dispute with Teleperformance
The NCLT adjourned the matter till April 30 and will hear both the parties if a settlement is not reache... |
| 17.04.2024 | Wider social security net on cards for unorganised sector workers | - |
| 16.04.2024 | Raveendran Set To Take Over Daily Operations at Byju's Simultaneously, Mohan will now exit to an external advisory role, lending his deep edtech expertise to the company and its founders during this t... | - |
| 16.04.2024 | Data.ai lays off at least 11% of staff after Sensor Tower acquisition | ManagementNews
Miguel Cordon · 1d ago · 2 min readData.ai lays off at least 11% of staff after Sensor Tower acquisition
Photo credit: Sensor Tower
After its acquisition by Sensor Tower in March, Data.ai – previously App Annie – has undergon... |
| 15.04.2024 | Edtech company Byju's shareholders approve $200 million rights issue | - |
| 13.04.2024 | Abhishek Nag & Vaibhav Agrawal Quit Lightspeed Venture Partners | SUMMARY
As per Abhishek Nag’s LinkedIn profile, he left Lightspeed India last month and joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management)
As per a report, Silicon Valley-based Vaibhav Agrawal left Lightspeed’s US fun... |
| 11.04.2024 | Vietnam tells Netflix to stop offering video games by April 25 | GamingNews
Lokesh Choudhary · 38m ago · 1 min readVietnam tells Netflix to stop offering video games by April 25
Photo credit: Elliott Cowand Jr / Shutterstock
Vietnam has directed Netflix to discontinue promoting and providing video games ... |
| 10.04.2024 | Byju’s India CEO steps down, co-founder Raveendran takes charge | ManagementNewsStartups
Samreen Ahmad · 13h ago · 2 min readByju’s India CEO steps down, co-founder Raveendran takes charge
Byju Raveendran / Photo credit: Byju’s
In a major restructuring drive, Byju‘s co-founder Byju Raveendran will take ov... |
| 09.04.2024 | HDFC Bank Misses MSCI Threshold by a Hair's Breadth | HDFC Bank's foreign legroom inches close to the MSCI threshold but falls short by a mere 5 basis points, causing a ripple in the investment world. The potential for further selling this quarter could lead to a weight-up adjustment in the up... |
| 09.04.2024 | Maruti Suzuki Expands Manesar Plant's Capacity, Air India Addresses Uniform Issues, Indian Tech Startups See Decline in Layoffs | Maruti Suzuki India has boosted the production capacity of its Manesar facility by 100,000 units per annum, aiming to double its capacity to 4 million vehicles per annum in the next 7-8 years. The expansion includes a new vehicle assembly l... |
| 09.04.2024 | Byju's vs Investors: A Battle of Titans | Byju's, the embattled edtech giant, is locked in a fierce dispute with its investors, leading to a legal showdown at the National Company Law Tribunal (NCLT). The company has filed an application seeking arbitration, citing a clause in its ... |
| 09.04.2024 | Byju's Edtech Firm Resumes Salary Payouts After 2-Month Delay | Byju's, the embattled edtech firm, has finally started disbursing employee salaries after a prolonged two-month delay. Despite facing financial constraints and being barred from using funds from a recent rights issue, the company has manage... |
| 09.04.2024 | Byju Raveendran's Fall from Grace: A Billionaire No More | Forbes Richest List 2024 revealed a shocking twist for Byju Raveendran, once a billionaire with a net worth of $2.1 billion, now reduced to zero. The edtech giant, Byju's, faced a series of crises leading to this downfall, including financi... |
| 09.04.2024 | A-I takes cognizance of fabric issues flagged in new cabin crew uniforms | Air India has received feedback on the new cabin crew uniforms, including about fabric issues, and will soon start their production for all the cabin crew after taking into consideration the inputs, according to people in the know.
In Decem... |
| 09.04.2024 | 'Pleased to inform': Byju's begins salary payout after delay of 2 months | Edtech firm Byju's has started salary payments after delaying them for the past two months. This comes as the company is barred from using the proceeds of a recently floated rights issue.
"We are pleased to inform you that salary disbu... |
| 09.04.2024 | Layoffs by Indian tech startups dip 60% in Jan-March this year, says report | Indian technology startups laid off more than 2,000 workers in the first quarter of the calendar year, but that’s 60 per cent less compared to the same period last year, according to a tracking website.
The layoffs declined occurred at a ti... |
| 09.04.2024 | Maruti Suzuki expands Manesar plant's capacity by 100K units per annum | Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum.
The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants func... |
| 09.04.2024 | VC Funding Driving Startup Behaviour, Which Is Not Good For Edtech Sector: Aakash CEO | SUMMARY
Deepak Mehrotra said digital learning alone can’t meet the aspirations of medical and engineering students and it is important to address the requirements of new learners
The BYJU’S-owned coaching institute’s MD and CEO said that Aa... |
| 08.04.2024 | Byju's Restrained from Selling Aakash Stake | An emergency arbitrator has directed edtech giant Byju's to refrain from selling a 6% stake in its subsidiary Aakash Education Services Limited due to a breach of loan terms with MEMG Family Office. The arbitration proceedings were initiate... |
| 08.04.2024 | BYJU’S-Owned Aakash Ropes In Former Pearson India Executive Deepak Mehrotra As MD And CEO | BYJU’S-owned Aakash Educational Services Limited (AESL) has appointed Deepak Mehrotra as its managing director (MD) and CEO, aiming to enhance its offerings and expand its reach in the education landscape. Mehrotra, with over 30 years of ex... |
| 08.04.2024 | Byju’s begins salary disbursements amid delay in payments for two months | Byju's salary
Embattled edtech firm Byju’s begins salary payments after delaying for the past two months even as it is barred from using proceeds of recently floated rights issue.
“We are pleased to inform you that salary disbursement has c... |
| 08.04.2024 | Investor funding in edtech drives unwarranted behaviour: Byju's Aakash CEO | Investors' funding in the edtech space is driving an unwarranted behaviour which is not good for the industry, Byju's Aakash Education Services Limited (AESL) Managing Director and CEO Deepak Mehrotra said on Monday.
Speaking to PTI, Mehrot... |
| 08.04.2024 | BYJU’S-Owned Aakash Ropes In Former Pearson India Executive Deepak Mehrotra As MD And CEO | SUMMARY
The appointment of Mehrotra is part of Aakash’s strategic vision to enhance its offerings, expand its reach, and create a positive impact on the education landscape
Prior to this, Mehrotra was serving as the MD of Ashirvad Pipes and... |
| 07.04.2024 | NTPC's Green Revolution: A Bright Future for Renewable Energy | NTPC, a powerhouse in India's energy sector, has embraced green scheduling for its 130 MW solar project in Rajasthan. This move marks a significant leap towards integrating renewable energy into the national grid efficiently. By utilizing c... |
| 06.04.2024 | Zomato's Tax Troubles: A Bitter Bite | Zomato, the food delivery giant, is facing a sour taste as it receives a hefty Goods and Services tax (GST) notice of Rs 23.26 crore from Karnataka tax authorities for the financial year 2018-19. The demand includes a GST payment of Rs 11,2... |
| 06.04.2024 | Arbitrator asks Byju's to not sell 6 per cent stake in Aakash | Edtech firm Think and Learn, which owns Byju's brand, has been asked by an emergency arbitrator not to sell around 6 per cent stake in its subsidiary Aakash Education Services Limited as it has failed to pay back around ₹350 crore raised fr... |
| 05.04.2024 | Byju’s-owned test prep company names ex-Pearson India head as CEO | ManagementNewsStartups
Samreen Ahmad · 4h ago · 2 min readByju’s-owned test prep company names ex-Pearson India head as CEO
Photo credit: mrinalpal / Shutterstock
Byju’s-owned Aakash Educational Services Limited (AESL) has named Deepak Mehr... |
| 05.04.2024 | Angel One garners Rs 1,500 cr via QIP to fund working capital requirements | Fintech player Angel One on Friday said it has raised Rs 1,500 crore through the Qualified Institutional Placement (QIP) route to fund working capital requirements of the company.
The issue, which was opened on March 26 and concluded on Apr... |
| 05.04.2024 | Why Global Investors are Looking to Invest in Indian Startups Investment in India is being driven by a confluence of factors, including educated young talent, cheap data availability, digital infrastr... | - |
| 05.04.2024 | Now, Arbitrator Orders BYJU’S To Not Sell Aakash Shares Over Breach Of Loan Terms | FOLLOW US FOLLOW US
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| 04.04.2024 | Byju’s vs Investors: Byju’s seek arbitration, files application with NCLT | The embattled edtech major Byju’s has filed an application with the Bengaluru bench of the National Company Law Tribunal (NCLT) to refer its dispute with the investors for arbitration.
The company argued that there is an arbitration clause ... |
| 04.04.2024 | Forbes list: Byju Raveendran no longer a billionaire, now has $0 net worth | Forbes Richest List 2024: A year ago, Byju Raveendran's net worth stood at Rs 17,545 crore ($2.1 billion), and he was prominently featured in various prestigious 'world's richest' lists. However, the recently released Forbes Billionaire Ind... |
| 04.04.2024 | Byju Raveendran’s Net Worth Plummets To Zero Amid Crisis | SUMMARY
As per recently released Forbes Billionaire Index 2024, the embattled edtech major’s founder and CEO’s net worth plummeted to zero in 2024, pushing him out of the coveted list
Byju Raveendran’s net worth stood at INR 17,545 Cr ($2.1... |
| 04.04.2024 | HDFC foreign legroom rises but misses index provider MSCI threshold | The investment legroom for foreign portfolio investors (FPIs) in HDFC Bank rose to 24.95 per cent during the quarter ended March 2024. However, it fell short by only 5 basis points (bps) of the threshold required for index provider MSCI to ... |
| 02.04.2024 | Lip service, broke every barrier: SC pulls up Ramdev in misleading ad case | The Supreme Court on Tuesday termed as “lip service” the apology tendered by Baba Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna in connection with the contempt notice issued to them for flouting its directions in the mis... |
| 02.04.2024 | Byju's laying off employees via phone calls, dropping notice period: Report | Edtech firm Byju's is laying off employees over the phone and letting them go without serving notice period, Moneycontrol.com reported, quoting sources.
The website said Byju's is following phone calls with emails to employees that read, &q... |
| 02.04.2024 | PepsiCo to invest Rs 1,266 crore to set up new facility in Madhya Pradesh | (This report has been updated)
Beverage and packaged foods major PepsiCo India will invest Rs 1,266 crore to set up a flavour manufacturing facility in Ujjain, Madhya Pradesh, the company said on Tuesday. Spread over 22 acres, the plant wil... |
| 01.04.2024 | Byju's delays salaries for 2nd month in a row amid rights issue dispute | Edtech major Byju’s is grappling with another setback as it faces delay in paying salaries to employees. The delay stems from funds raised through a recent rights issue, which have been locked in a ‘separate account’ due to the ongoing disp... |
| 01.04.2024 | Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project | In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for c... |
| 01.04.2024 | NTPC wins 3,445 MW renewable energy projects in total during FY24 | State-owned power giant NTPC on Monday said it has won 3,445 MW of renewable energy (RE) projects in the fiscal year ending March 31, 2024.
"NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the com... |
| 31.03.2024 | Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities | Food delivery major Zomato has received a Goods and Services tax (GST) notice worth Rs 23.26 crore for financial year 2018-19 from Karnataka tax authorities, the company said in a regulatory filing on Sunday.
According to the filing, the or... |
| 22.03.2024 | SpiceJet cleared all outstanding dues: Credit Suisse tells Supreme Court | Swiss financial services firm Credit Suisse on Friday told the Supreme Court that SpiceJet has cleared all its outstanding dues in the $24 million payment dispute.
The apex court took note of the submission and listed the matter for hearing... |
| 22.03.2024 | BYJU’S To Restructure 30 Tuition Centres, Says 90% Will Continue To Run On Hybrid Model | SUMMARY
BYJU’S said its offline centres are entering their third year of operations and 90% of them (262 centres out of 292) would continue to function in a hybrid model
However, it said, the remaining will undergo a “strategic restructurin... |
| 22.03.2024 | Edtech major Byju's says now 262 tuition centres operate across India | Beleaguered edtech firm Byju’s said on Friday that its tuition centres had entered the third successful year with 262 operating across India, rejecting reports that it was planning to shut down many of its centres.
Nearly all of Byju’s Tuit... |
| 22.03.2024 | Cong's 3rd list for LS polls: Kharge's son-in-law to contest from Gulbarga | The Congress released its third list of Lok Sabha candidates on Thursday, pitting heavyweight Adhir Ranjan Chowdhury against former cricketer and now TMC man Yusuf Pathan from Baharampur seat.
Congress president Mallikarjun Kharge is not co... |
| 21.03.2024 | B Capital's Latest Fund Closes at $750 Million | B Capital, the brainchild of Facebook co-founder Eduardo Saverin, has sealed the deal on its second Opportunities fund, raking in a hefty $750 million. This fund, a double-up from the previous one, has attracted a diverse mix of investors, ... |
| 21.03.2024 | Government preparing for big-bang union budget in July | PM Narendra Modi
Confident of coming back to power after the Lok Sabha elections, the Narendra Modi-led BJP government is preparing for a big-bang July union budget, with major announcements lined up.
“India is the pilot that will take the ... |
| 20.03.2024 | Ola Electric Ropes In Former BYJU’S Exec Jitesh Shah To Lead After-Sales Vertical | SUMMARY
In his new role, Shah will spearhead the expansion of Ola’s service centres and fast-charging network
Additionally, he will oversee the extension of warranty on all new scooter sales
Shah held one of the top executive positions at B... |
