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.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
Upadhyay, in his plea, challenged the validity of section 2(f) alleging that it gives unbridled power to the Centre terming it "manifestly arbitrary, irrational, and offending".
His resignation was even questioned in Rajya Sabha with Congress wanting a clarification.
Ukraine's First Deputy Foreign Minister Emine Dzhaparova will pay a four-day visit to India from Sunday, the first official visit from the East European country since the Russian invasion began last year.
Women and children have been given short shrift with these crucial sectors facing substantive budgetary cuts, discovers Rashme Sehgal.
'Since September 1, a senior cabinet minister has been to-ing and fro-ing between Jalna and Mumbai by chartered flight every single day with messages from the two deputy chief ministers and the chief minister to get Manoj Jarange-Patil to back down from his agitation.'
Pakistan's Foreign Minister Shah Mahmood Qureshi and his Chinese counterpart Wang Yi discussed ways to further strengthen the "iron-clad friendship" between the two countries as the two sides signed five agreements to deepen their bilateral cooperation in various fields, the foreign office said on Tuesday.
Hundreds of students have been forced to skip school in Patna and neighbouring areas after security forces deployed for Chief Minister Nitish Kumar's much-publicised Adhikar yatra -- occupied the premises of nearly twenty schools since Friday. Students of these government-run schools have been asked to come back on Monday as security forces had taken over their class rooms till Sunday evening, an official of the education ministry said.
In his second term in office, UP Chief Minister Yogi Adityanath has retained 34 portfolios.
The top court was hearing a batch of petitions filed by undergraduate medical students of first to fourth-year batches in their respective foreign medical colleges/universities.
Educational technology giant Byju's has taken a loan of Rs 300 crore from its subsidiary Aakash Educational Services (AESL), which it acquired for nearly $1 billion last year. AESL, in its filing with the Ministry of Corporate Affairs, said that Think & Learn - the parent firm of Byju's - is in need of funds for its 'principal business activities'. It said the board of directors of the company at its meeting on October 3, subject to the approval of the members at the general meeting, has given its approval for granting the unsecured loan to Think & Learn for an amount not exceeding Rs 300 crore.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
The Centre received 5.59 lakh public grievances against various government departments in the first half of this year, with the Department of Financial Services (DFS) getting most of such complaints, according to an official report.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
There is no change in the syllabus or the test pattern that will be used for the online common entrance examination (CEE), the first level of screening in the recruitment procedure for Agniveers, a top Army official said on Thursday.
New Delhi
Prime Minister Narendra Modi will visit Abu Dhabi on July 15.
The Delhi government's budget size for 2022-23 was Rs 75,800 crore and Rs 69,000 crore in the preceding year.
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
The five women were arrested after interrogation by the police team probing the case, a police official told PTI.
JNU vice chancellor M Jagadesh Kumar, whose tenure was marred by controversies, has been appointed as chairman of the University Grants Commission.
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
Indian billionaires saw their combined fortunes more than double during the COVID-19 pandemic, and their count shot up by 39 per cent to 142, while the wealth of the ten richest is enough to fund school and higher education of children in the country for 25 years, a new study showed on Monday. In its annual inequality survey released on the first day of the World Economic Forum's online Davos Agenda summit, Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders, while a similar wealth tax on the 98 richest billionaire families would finance Ayushman Bharat, the world's largest health insurance scheme, for more than seven years. The COVID-19 pandemic saw a huge rush for oxygen cylinders and insurance claims during the second wave last year.
The reshuffle had politics at its heart, so the biggest complement of new ministers, both Cabinet rank and below, came from UP, which will see assembly elections in a few months.
Beijing's action is aimed at controlling the quality of medical education and checking the brazen profiteering by the colleges.
The prime minister, who is visiting the US at the invitation of President Biden and First Lady Jill Biden, will join them for the state banquet along with a number of dignitaries on Thursday.
Less than half the ministers in Team Yogi are not long-term BJP members. Many old-timers have been dropped.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
Sanitation is always clubbed with other departments, which lead to its neglect, says Devanik Saha.
With an aim to make the 2017 FIFA U-17 World Cup a huge success, the Sports Ministry has urged all the states and Union Territories to take necessary steps to popularise and promote football in their region by including the game in various programmes. In a letter sent to all Chief Secretaries of states and Union Territories, Secretary, Department of Sports Rajiv Yadav has said that FIFA U-17 World Cup is going to be held in India in October 2017 for the first time. Referring to Prime Minister Narendra Modi's 'Mann ki Baat' programme on March 27, the letter said that the Prime Minister has called for building an atmosphere and fervor of football in the country as a run up to the FIFA U-17 World Cup. He said the Prime Minister wants football to be played in every nook and corner of the country. The communication further said that following the call of the Prime Minister, the Department of Sports has initiated a series of steps to popularise football throughout the country.
Chairing a meeting to review the security situation in LWE-affected states, Shah said the Modi government has adopted a policy of zero tolerance against left wing extremism since 2014.
The education ministry released guidelines last week for the reopening of schools, including for thorough cleaning and disinfection of the premises, flexibility in attendance, no assessment for up to three weeks and ensuring a smooth transition from home-based schooling during the coronavirus-induced lockdown to formal schooling.
'Most students find it difficult to cope with the way they are expected to learn at the IITs.' 'So, all the students face the same stress.' 'But those students who are mentally weak are more affected.'
A delegation led by J P Singh, joint secretary (Pakistan, Afghanistan, Iran) at the ministry of external affairs, visited Kabul on Thursday, June 2, 2022, to to survey Indian developmental projects in Afghanistan.
The envoy who was visiting the Gurudwara Bangla Sahib in the national capital was asked about the measures that the Canadian government was taking to deal with the Khalistani outfit, which is proscribed in India.
I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.
All educational institutions in the country will give lists of students who have been absent for over 10 straight days.
