Peerzada Abrar &Amp;Amp; Abhijit Lele

Stories by Peerzada Abrar &Amp;Amp; Abhijit Lele

Qatar fund moves HC to recover $235 mn from Byju's

Qatar fund moves HC to recover $235 mn from Byju's

Rediff.com   26 Aug 2025

Qatar's sovereign wealth fund is suing Byju Raveendran in Indian courts to recover $235 million from the embattled educational technology (edtech) entrepreneur, escalating a global legal battle that has ensnared one of India's most high-profile startup founders.

Why PSBs are raising home loan rates

Why PSBs are raising home loan rates

Rediff.com   25 Aug 2025

Some public sector banks, including State Bank of India (SBI), Union Bank of India, Canara Bank, and Bank of India, are increasing the spread on home loans for new customers to protect margins.

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

Rediff.com   21 Aug 2025

Commercial banks in India reported 26 per cent year-on-year (Y-o-Y) growth in slippages at Rs 63,000 crore during the first quarter ended June 2025 (Q1FY26). This was predominantly due to stress in microfinance and unsecured retail portfolios of select lenders.

Amazon Gives India $12.7B AI Boost

Amazon Gives India $12.7B AI Boost

Rediff.com   11 Aug 2025

'The Indian developer community is one of the most vibrant communities.' 'Indian builders are incredibly passionate, curious, and excited to embrace new technologies.'

India May Wait Out Trump Tariffs

India May Wait Out Trump Tariffs

Rediff.com   8 Aug 2025

'Just as we cannot surrender the interests of our farmers and dairy industry, Trump is also looking for markets for the produce of the farmers in the Midwest, which are his support base.'

'AI Can Improve The Lives Of Millions Of Indians'

'AI Can Improve The Lives Of Millions Of Indians'

Rediff.com   7 Aug 2025

'We're already seeing signs of superhuman capability.'

SBI eyes spot among world's top 10 banks by market value in 5 years

SBI eyes spot among world's top 10 banks by market value in 5 years

Rediff.com   24 Jul 2025

Country's largest lender State Bank of India (SBI) is looking to be among 10 top global banks in market capitalisation terms in the next five years, chairman CS Setty said on Wednesday. "The scope for value creation for the stakeholders is potentially very high. So the larger ambition is if the market supports whether we can be part of the top 10 global banks in terms of the market capitalisation (five years)," he said after listing of shares issued under Qualified Institutional Placement (QIP) at NSE.

Why The Bankruptcy Code Needs A Makeover

Why The Bankruptcy Code Needs A Makeover

Rediff.com   23 Jul 2025

The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.

18K orders per min: Amazon India's Prime Day sale hits record high

18K orders per min: Amazon India's Prime Day sale hits record high

Rediff.com   22 Jul 2025

Amazon's latest Prime Day sale event broke records with over 18,000 orders per minute - a 50 per cent jump from 2024. Nearly 70 per cent of new memberships came from Tier-III cities.

Byju's Founders to Sue Investors

Byju's Founders to Sue Investors

Rediff.com   18 Jul 2025

'Byju's founders reserve all rights to bring actions against those parties that have caused damage to them personally and to their businesses.'

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

Rediff.com   17 Jul 2025

State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.

Trump Effect: Study Loan Surge to Ease in FY26

Trump Effect: Study Loan Surge to Ease in FY26

Rediff.com   11 Jul 2025

Education loan growth is set to halve this fiscal (FY26) because disbursements for the US decelerate following a raft of policy changes there.

Google AI Bets Big On Indian Farms, Languages

Google AI Bets Big On Indian Farms, Languages

Rediff.com   11 Jul 2025

Google says its AI models are being used across sectors in India, from improving maternal health programmes and streamlining patient-care to supporting agri-tech solutions and advancing the country's sovereign AI efforts.

Ola Electric Scooters Get Smarter with OS Update

Ola Electric Scooters Get Smarter with OS Update

Rediff.com   10 Jul 2025

Ola Electric's latest MoveOS 5 upgrade delivers sharper performance on its Gen 3 platform due to an optimised in-house Motor Control Unit that enhances range and responsiveness.

Govt urges banks to close inoperative Jan Dhan accounts

Govt urges banks to close inoperative Jan Dhan accounts

Rediff.com   7 Jul 2025

State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.

Bike Taxis Go Off Roads in Karnataka

Bike Taxis Go Off Roads in Karnataka

Rediff.com   27 Jun 2025

Bike-taxi drivers are also left stranded as many depended on the service.

Amazon enters India's $15 bn diagnostics market with At-Home testing

Amazon enters India's $15 bn diagnostics market with At-Home testing

Rediff.com   23 Jun 2025

Amazon India has launched Amazon Diagnostics, an at-home healthcare service that allows customers to book lab tests, schedule appointments and receive digital reports directly via the Amazon app. Initially available in six cities-Bengaluru, Delhi, Gurgaon, Noida, Mumbai and Hyderabad-the service covers more than 450 PIN codes and offers access to over 800 diagnostic tests.

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Rediff.com   20 Jun 2025

Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.

Ola Electric Hits Speed Bumps On Road to Future

Ola Electric Hits Speed Bumps On Road to Future

Rediff.com   19 Jun 2025

Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Rediff.com   4 Jun 2025

The dispute between Aakash Educational Services Ltd (AESL) and edtech firm Byju's has escalated, with Aakash filing a sharply worded petition before the National Company Law Tribunal (NCLT) in Bengaluru, alleging conflict of interest and professional misconduct by global consulting firm Ernst & Young (EY), according to court filings