Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
The summit would be held between December 17 and 19, K V Kamath, managing director and CEO, ICICI Bank, who is a member of TiE's India Advisory Board, said.
New syllabus, books endorsed by CABE amidst BJP boycott
She was born in Farrukhabad and went to the US to pursue her master's degree and a Ph.D.
The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said.
India's cotton sector is pitting its stakes on a bumper production in 2007-08.
The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
Dr Anthony Fauci has been named as Chief Medical Adviser to the President on COVID-19, while Dr Rochelle Walensky has been named as Director of the Centers for Disease Control and Prevention; and Dr. Marcella Nunez-Smith as COVID-19 Equity Task Force Chair.
The advisory was issued as thousands of Indians studying in Chinese medical colleges are currently stuck at home for over two years due to Beijing's COVID visa ban.
Pakistan Prime Minister Imran Khan on Wednesday said India will be benefitted economically by having peace with his country as it will enable New Delhi to directly access the resource-rich Central Asia region through Pakistani territory.
Three full board members have written to the International Cricket Council (ICC) for a change in schedule of their matches in the ODI World Cup in India.
Education ministers of BJP-ruled states will meet party president Venkaiah Naidu and decide the future course of action vis-à-vis their decision not to revert to old NCERT textbooks.
Moody has left his role as Sri Lanka's director of cricket after his contract was terminated by mutual agreement
Education ministers of Bharatiya Janata Party-ruled states staged a walk-out protesting against the Union government's attempt to push its own agenda.
Sanofi India is seeking approval of the shareholders for perpetuity.
Political observers say nothing much should be read into the Sena chief's remarks about his new advisory role.
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations.
Abdullah issued a white paper on development undertaken in Jammu and Kashmir during the rule of "Abdullah and Sons" -- as Shah referred the family in his speech at a rally in Baramulla district -- to counter the allegations of corruption.
Lupin Ltd is considering to set up its own marketing force in the United States even as the pharma major is to create a global advisory board as part of its corporate governance initiative.\n\n\n\n
'It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.'
The Yamuna surged to a record 208.48 metres at 8 am, the Central Water Commission said on Thursday, adding that it is likely to rise to 208.75 metres by 4 pm.
Prevent highly intoxicated travellers from boarding the aircraft, limit alcohol intake, instal CCTV cameras and sensitise staff about sexual harassment -- are part of the detailed guidelines given by the Delhi Commission for Women to the aviation regulator amid rising incidents of unruly passengers on flights.
The knee injury ruled him out of the second Test against Sri Lanka and subsequent ODI series in Netherlands as well as the ongoing Asia Cup in the UAE.
When the Muslim Personal Law Board promises 'advisories' and nikahnamas to the Supreme Court, one has to remember not only its recent campaign against any change in Muslim personal law, but also its past record of inaction on the question of triple talaq, says Jyoti Punwani.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
Dr Murthy, 43, would occupy the position of America's Surgeon General for the second time. In 2011, president Barack Obama tapped him to serve on the advisory group on prevention, health promotion, and integrative and public health.
Maruti Suzuki India (MSIL) will issue equity shares on a preferential basis to parent Suzuki Motor Corporation (SMC) to acquire 100 per cent stake in the latter's Gujarat plant. This deal is expected to increase the share base of MSIL by about 4 per cent. And consequently, it will raise SMC's shareholding in Maruti by around 1.8 percentage point. "Whether it is in terms of PAT (profit after tax) or earnings per share (EPS) or dividend per share (DPS) of MSIL, the share-swap option will give shareholders a better deal than any other option such as cash payment," MSIL chairman RC Bhargava told reporters during a press conference.
Sports Minister Rajyavardhan Singh Rathore, on Friday, said genuine medal prospects will not face any problem in getting financial support from the government but also emphasised on the need to use the taxpayers' money judiciously.
Punita is the founder and managing partner, Pacific Paradigm Advisors
