Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
'He asserted in his usual jovial style that he was not an MBA like his audience at IIM-Ahmedabad but perhaps had an even better business degree: MBB'. 'He went on to explain to his perplexed, blue chip B-School audience that MBB stood for "Marwadi by birth"!' Shivanand Kanavi salutes Shashi Ruia, co-founder of the Essar group who passed into the ages on November 25, 2024 in Mumbai.
How to make a satisfying comfort food from leftovers.
The study conducted by French scientists shows that, during late winter and spring, underneath the seasonal CO2 ice layer heated by the Sun, intense gas fluxes can destabilise the regolith material and induce gas-lubricated debris flows which look like water-sculpted gullies on Earth.
Mutual funds have ratcheted up Rs 53,700 crore (Rs 537 billion) through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches this year eclipsing the 2021 tally. Industry insiders cite the absence of launches in popular categories as the reason behind lower collections this year. Typically, only NFOs in popular categories from major fund houses rake in the moolah.
Thotakura was selected as one of the six crew members for the mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
Durga Puja celebrations cannot be complete without serving this traditional Bengali mutton dish.
"Just three months more," says mom-to-be Deepika Padukone in a witty reply when asked if she is still in her character of a pregnant woman from her coming film Kalki 2898 AD.
Foreign portfolio investors (FPI) have pulled out $3.5 billion from India's equity markets so far this month. The selling comes on the back of election-induced volatility and the rotation of flows from India to China, where stocks are available at half the valuations. If the selling pressure remains at the current level, this will be the highest FPI pullout since January 2023.
Thotakura was selected as one of the six crew members for the NS-25 mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.
'We are looking at the next target which is to be a $1 billion ARR firm in the next 4-5 years.'
From installing water-saving aerators on taps to using cans for washing hands and dishes, Bengaluru is adopting diverse strategies to tide over the water crisis. While several citizens have taken to social media to urge Karnataka Chief Minister Siddaramaiah to make work from home mandatory for IT companies, it appears that hybrid mode will continue to be the norm for most - although with new water conservation measures in place. Co-working space provider Urban Vault has, for instance, installed smart water meters to detect leakage.
What can you do with common leftovers -- bread, coconut chutney, dal, rice, rotis.
IMAGES from the WPL match between Delhi Capitals and UP Warriorz in New Delhi on Friday
Mother's Day reminded me of how my mom learned to cook Indian food.
An expert committee, set up by the Supreme Court to probe allegations against the Adani group following a bombshell report from a US short seller, has members with potential conflict of interest, a fresh petition filed in the apex court on Monday said.
Sri Lanka legend Sanath Jayasuriya on Tuesday defended the choice of Pallekele as one of the venues for the ongoing Asia Cup, saying the city has witnessed "unusual weather" in the past few days.
Twenty-two cases of COVID-19 sub-variant JN.1 have been detected in the country till Thursday, with 21 cases being reported from Goa and another from Kerala, official sources said.
Agatha Christie meets Vidya Balan in Neeyat, Mayur Sanap tells us after viewing its trailer.
A simple Estonian soup that's much tastier than you imagine.
Can you refuse this wonderful after-dinner indulgence?
'When there was no crime committed, everything had to be fabricated. They see it as a war, and everything is fair in love and war.'
Without naming China or any other country, Singh said the "top-down approach" towards solving problems has never been sustainable, adding often it leads to "debt trap, reaction from the local population and conflict."
'I received many threatening calls and letters.' 'A fatwa was issued against me.'
Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
'Much before moringa was fashionably healthy, dad drove my mother crazy by getting moringa leaves and drumsticks from our farm in quantities that would drive her up the wall.'
Rajma makes far better kebabs than you imagined.
Scientists have used virus-like particles to predict how environmental factors affect the survival of the novel coronavirus on surfaces, and found that the COVID-19 virus may remain infectious longer as temperatures drop in winter.
Deal values have been falling steadily since May this year, when it touched a high of $851 million.
A healthy, low-calorie falooda recipe for you!
Celebrate Holi with a chilled glass of nutrition.
Companies don't have to be in the field to nudge people to return money they owe lenders.
'Our viewers have grown up over the years.' 'Today, they want to see something which is sensible, a story rooted in logic rather than jingoism.'
For a segment that thrives on promise more than performance, the country's start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. "Investors are now keen to invest in companies that have good top and bottom lines.
Spongy, light mawa cake that will leave you asking for more.
Chef Sabyasachi Gorai's Walnut and Cherry Florentines are simple to prepare and a delight to bite into.
Bond markets, global as well as domestic, are likely headed towards hard times over the next three to six months, as higher vegetable prices, rising fuel costs, and improved wages may keep inflation hot, believe analysts, who expect the yields to hit 7.5 per cent in the near-term from the current 7.234 per cent. In this backdrop, they suggest investors can put in money in funds/instruments with residual maturity of 4 to 6 years, while longer-term investors can allocate cautiously to the longer end in the range beyond 7 years.
