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 Congress is likely to enforce the 'One family, one ticket' formula granting exemption to only another family member who has been doing 'exemplary work' for the party for a period of at least five years, as the grand old party promised big ticket changes while acknowledging that it had not kept pace with changing times.
The plea also states that the petitioners are also questioning why or how the project constitutes an "essential service", merely because some executive mandated contractual deadline has to be met.
The party rank and file seemed bewildered at the sudden turn of events which has taken the spotlight away from the "Har Ghar Tiranga" programme which the BJP was planning to hold with much fanfare.
The companies on the list are from sectors including trading, finance, packaging, textile, realty, and others. Trading and finance companies account for half-a-dozen companies each.
rediffGURU Shalini Singh, dating coach and founder of andwemet, an online matchmaking service, offers advice on issues relating to love and compatibility in marriage, dating and more.
To set up a future-ready administration geared towards the target of $2 trillion exports by 2030, the Department of Commerce has decided to set up a dedicated trade promotion body to drive overall promotion strategy, export targets, and execution as part of a restructuring exercise. The trade promotion body will formulate and drive overall trade promotion strategy; create and drive India's branding across focus markets and sectors; drive coordinated action across missions, states and export promotion councils; strategic initiatives, including advisory and buyer-seller meet; and develop digital platforms for exporters and buyers. Based on a 14-volume 'restructuring dossier' by the Boston Consulting Group, the commerce department has already implemented some of the recommendations.
Several professors of Jawaharlal Nehru University and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a Delhi Development Authority (DDA) plot under a housing development scheme which was never there.
Opposing a dialogue with Pakistan till it stops 'exporting' terror into Jammu and Kashmir, a Bharatiya Janata Party delegation led by Jammu and Kashmir president Ravinder Raina at an all-party meet in New Delhi on Thursday said those seeking engagement with the neighbouring country should meet the victims of violence to understand their pain.
If pandemic (mis)management threatened to dominate Goa's electoral discourse, the BJP is up against a deeper structural issue in its organisation, created by the fact that a majority of the legislature party and the ministerial council is made up of Congress defectors, disparagingly referred to by the Opposition as "imports". Radhika Ramaseshan reports.
In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
Taking the Bharatiya Janata Party and its Prime Ministerial candidate Narendra Modi head on, the Communist Party of India-Marxist on Monday said their claims about riot-free Gujarat and development there were "big lies" based on "complete untruth".
'The minute I tell couples to use condoms or suggest permanent birth control, they ignore it or just change the topic.'
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
Prime Minister Narendra Modi's call to make this decade a "techade" for India and the push for 5G, semiconductors and transformation through digital services is going to boost the technology sector in the country, industry players said on Monday. Modi, in his speech on the 76th Independence Day, touched upon all-round development of technology in the country, from 5G to push for electronic chips, laying of optical fibre cable (OFC) network across villages and enablement of digital entrepreneurship in villages through Common Services Centres, making the present decade as "techade" for India. Homegrown mobile devices maker Lava International's Chairman and Managing Director Hari Om Rai said electronics and technology sectors create about $4 trillion of revenue.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Nearly 250 private liquor vends, licensed under now-withdrawn Excise Policy 2021-22, are running currently in the city.
'Our villagers used to go up to Finger 4 and Finger 6, but today the Chinese are there.' 'Since April 2020, Chinese troops have blocked Indian troops from reaching at least ten patrolling points running from the Depsang plains in the north to Pangong Tso lake in the south.'
Heavy rains lashed parts of Jammu and Kashmir on Wednesday, triggering flash floods and landslides that blocked the strategic Jammu-Srinagar national highway with hundreds of vehicles stranded, and prompted authorities to shut schools in Doda, Kishtwar and Ramban districts.
The killing of the two terrorists is a huge success for the forces, he said. Kumar said LeT terrorists were also behind the killing of Bhupinder Singh, Block Development Council chairman, Khag, in central Kashmir's Budgam district.
Developed and developing countries are very different and they are different from variety of reasons on climate change.
Makki and other LeT/JUD operatives "have been involved in raising funds, recruiting and radicalising youth to violence and planning attacks in India, particularly in Jammu and Kashmir (J&K)," the sanctions committee said, providing a statement for the reasons of Makki's listing.
The argument took place when the procession reached in front of the C-Block mosque in Jahangirpuri around 6 pm, the FIR, registered at the Jahangirpuri police station, stated.
Gandhi said when the Congress was in power, the Opposition would allege that all money was going to Amethi and now they say nothing has been done here.
The presidential secretariat which was occupied by the protesters from July 9 till Friday last is re-opened and the staff reported to work on Monday, officials said.
Government officials working overtime to dismantle the Tata plant and return land to farmers, says Ishita Ayan Dutt.
Khakee: The Bihar Chapter: The picture is as ugly as it is grim, observes Deepa Gahlot.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
A terrorist was killed and another was most likely injured on Saturday in an ongoing operation in the densely forested area of Rajouri district in Jammu and Kashmir, Army said.
'We first collected samples from all the bomb blast sites.' 'We had to find what was common among them.'
Rather than a blind reproduction of the government template, a more productive way of enforcing affirmative action in the private sector could be to emulate an American model, suggests Kanika Datta.
The Delhi Commission For Women on Monday asked the police officials to appear before it later this week in connection with a probe into objectionable content on 'Bulli Bai' and 'Sulli Deal' apps.
The action follows multiple summons issued by the ED against Raut, the latest being on July 27.
The fighter jet conducted Eklavya formation by flying at a height of around 300 meter along with two Jagaur and two MIG-29 aircraft. The five jets resembled a V shape with Rafale leading the pack.
Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.
The team heard a loud crackle. Then the scream came from Dilshan at the front of the bus. 'Get down.' Jayawardene was hit first; his sock filled with blood. Outside, twelve gunmen blocked the exit. A revealing excerpt from Nicholas Brookes's An Island's Eleven: A History of Cricket in Sri Lanka.
About 65 per cent of the CFOs are positive about India's growth
The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.
The Odisha government is preparing for Cyclone Phailin -- which is expected to hit the east coast on Saturday evening -- on a war footing.
