BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
Stokes ton helps England beat Netherlands, end World Cup losing run
Having done exceedingly well to not just turn up but run roughshod over a hapless Zimbabwe on all fronts in the preceding two One-Day Internationals, India goes into the third and final match of the series knowing well that the script is unlikely to change when the teams meet again at the Harare Sports Complex on Monday.
Employees of Go First, which has filed for bankruptcy, hope that the airline will fly out of the crisis with government support but some are already scouting for work. Some Go First pilots have joined airlines in West Asia in recent weeks and others have approached IndiGo, India's largest domestic airline. Calls to IndiGo's human resources and operations department increased after Go First said on Tuesday it will suspend flights for three days starting May 3, sources said.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
For the last four years since abrogation of Article 370, Kashmir-based political parties have been struggling to forge an alternate narrative to the one forcibly snatched from them. The BJP is bound to go hammer and tongs at them now that their armoury is reinforced with the Supreme Court judgment, notes Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
'The governor was a senior IPS officer who should know the Constitution.'
A Supreme Court vacation bench of Justice Surya Kant and Justice MM Sundresh noted that the petition was still pending in the high court and asked the ED to approach that court.
Indian companies are expecting generous tax incentives from the Union Budget that will help them invest more in building capacities in the coming years. While the productivity-linked incentives (PLIs) are a good start to spur local manufacturing, the government should also take steps to boost consumer demand, which is not showing encouraging signs, say chief executive officers (CEOs) of India Inc. Statistics released by the Reserve Bank of India (RBI) shows that Indian banks had sanctioned loans worth Rs 75,558 crore in 220 new projects - a record low - in the pandemic-hit financial year ending March 2021. This is not showing any signs of a significant pick up in the last nine months of the ongoing financial year.
The India vice-captain said it is only a matter of time before Ganguly is back among the runs.
Batting legend Sachin Tendulkar discussed the way forward for L Sarita Devi with Sports Minister Sarbananda Sonowal on Wednesday and urged the entire country to support the woman boxer who is facing a possible life ban from the International Boxing Association for refusing her bronze medal at the Incheon Asian Games.
Blue Tigers rise to third spot.
The Supreme Court on Friday dismissed a plea by beleaguered businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties. The apex court dismissed the petition for non-prosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matter. "The counsel for petitioner states that the petitioner is not giving any instructions to the advocate for the petitioner.
The Americans have expended a lot of diplomatic energy to coax India into toeing their line but India has refused to buckle under pressure. As Foreign Minister Subrahmanyam Jaishankar said, India has not taken anyone's side but its own side, points out Virendra Kapoor.
'It was a terrible experience to survive the war for 13 days'
'She showed courage at every turn in her political career.'
Determined to keep the Olympic dream alive despite the long-standing administrative mess, a spirited Indian boxing team, featuring the likes of M C Mary Kom and Shiva Thapa, will take off on Monday night for the Asian Qualifiers in Qian'an City, China. Ten men and three women form the 13-strong team which will be in action from March 25. In the men's competition, only the top three boxers in each weight category will make the Olympic cut with the third spot decided via a box-off between the two bronze-medallists. In the women's draw, only the gold and silver medal winners will qualify for Rio de Janeiro. In the absence of a recognised federation, the Indians will once again compete under the flag of the International Boxing Association (AIBA). "It is going to be a very tough tournament because not many from the Asian region qualified during last year's World Championships. I am expecting around 30 countries and more than 250 boxers to be there at this event," national coach Gurbax Singh Sandhu told PTI ahead of the team's departure.
After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India, and it is deja vu for Maharaja as it returned home to its founding father the Tata group. Jehangir Ratanji Dadabhoy (JRD) Tata founded the airline in 1932 and named it Tata Airlines. In 1946, the aviation division of Tata Sons was listed as Air India, and in 1948, the Air India International was launched with flights to Europe. The international service was among the first public-private partnerships in India, with the government holding 49 per cent, the Tatas keeping 25 per cent and the public owning the rest. In 1953, Air India was nationalised and for the next over four decades it remained the prized possession for India controlling the majority of the domestic airspace.
Whether it liked it or not, the Ukraine crisis forced India to choose between the aggressor Russia and the US-led free world, a decision it hated to make, Virendra Kapoor points out. In the end, it abstained from the vote in the Security Council.
The Australians are hoping to win the third and final ODI of the series and end their tour of India on a winning note.
It was in Kolar in 2019, during Lok Sabha election campaigning, that he made a remark on the Modi surname for which he was convicted of criminal defamation and stripped of his Parliament membership last month.
Already facing severe criticism over its poor show in the elections and now fighting for the Leader of Opposition's post in Lok Sabha, the Gandhis, the first family of Indian politics, is now facing new battles with the BJP in the form of notices being served to the family in the National Herald case. Rediff.com contributor Anita Katyal reports on the growing confrontations between the government and the shaken up family.
A day after Dhaka was liberated on December 16, 1971, then US President Richard Nixon was told by his strategic advisor Henry Kissinger that he had 'saved West Pakistan,' according to confidential papers since declassified by the US department of state.
Top Muslim body Jamiat Ulama-i-Hind (JuH) on Thursday passed a resolution stating that Kashmir is an 'integral part' of the country and said the welfare of the people in the valley lies in their integration with India.
They gave speeches. They sang. They raised slogans. They wore Ukrainian costumes. Ukraine Zindabad!
Bharti Airtel chairman Sunil Mittal on Thursday said he had reached out to Vodafone's Nick Read after bold telecom reforms were announced by the government and will also speak to RIL's Mukesh Ambani, as the telecom czar vowed to take the lead in bringing the industry together to unleash India's telecom dream. Mittal exhorted the industry to collaborate in areas such as infrastructure sharing to reduce costs but vehemently ruled out possibility of any cartelisation among players. Amid reports of its potential tie-ups with handset makers to counter Jio's upcoming ultra low-cost smartphone, Mittal said Airtel is in a state of "readiness" on an affordable smartphone "should a need arise".
David Warner became a bit 'weary' after being knocked on the head by a Mohammed Siraj bouncer on day one of the second Test.
The recent run on the US-based Silicon Valley Bank (SVB) and the subsequent seizure of its assets by the regulators may have sparked a global wave of risk aversion, particularly for start-ups. However, the Indian banking sector is unlikely to be a victim of any contagion effects, said analysts. he bank, which played a big role in financing start-ups and technology players, faced stress after incurring huge losses on its holdings of US bonds, following the most-aggressive monetary tightening cycle by the Federal Reserve in around four decades.
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
India Inc on Friday said it is looking forward to a repo rate cut in future as cost of funds has to come down in coming times, and expects continuation of accommodative policy stance by the Reserve Bank of India (RBI). The RBI decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, as the economy faces the brunt of the second COVID-19 wave. Sanjay Aggarwal, president of PHD Chamber of Commerce and Industry, said the RBI has maintained an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to mitigate impact of COVID-19, apart from an aim to keep inflation within the target.
Neither DC nor LSG look like outfits that give you the vibe of a champion side
If divine intervention in 1992 was the heavens opening up against England in their do-or-die game, even the best bookies couldn't have predicted that the Netherlands would beat South Africa in 2022. A handful of them must have made a killing.
Jubilee's irresistible celebration of cinema and all its good, bad, ugly ways lives up to its title, applauds Sukanya Verma.
'Your Test side has battled for a while but it would be a really lovely project to get that going.'
Co-owner Vijay Mallya resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.
India's head coach Rahul Dravid admitted that his team didn't play "smart cricket at crucial times", but backed the beleaguered K L Rahul to get better as a leader in the coming days.
India needs to shed its policy of lethargy and inhibitions to engage the Taliban with an intent to maintain its influence in Afghanistan. This would not just put a spanner in Pakistani designs, but also incentivise the Taliban not to be the puppets of GHQ, Rawalpindi, asserts Colonel Nikhil Apte (retd), who served on the Af-Pak desk at the Military Operations Directorate.
India Under-19 completed their domination of Sri Lanka with another emphatic result -- a victory by an innings and 147 runs in the second 'Youth Test' in Hambantota, on Friday.
The military establishment is in no mood to forgive or forget Imran's anti-military utterances, observes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.
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