SoftBank-backed hospitality major OYO is planning to reduce the number of shares it aims to sell through public listing because of reduced capital requirements and technology headwinds. This comes at a time when valuations of start-ups, including that of OYO, have taken a hit. "OYO earlier filed papers for its IPO (initial public offering) based on its funding requirements at the time.
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
The Fortis group, meanwhile, said that all documents, statements and details required by the probe team of the Haryana government were provided.
The Enforcement Directorate on Saturday filed a nearly 3,000-page charge sheet against Tamil Nadu minister V Senthil Balaji as part of a continuing money laundering investigation against him and his aides, official sources said.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
The Supreme Court on Monday dismissed pleas of Tamil Nadu minister V Senthil Balaji and his wife Megala challenging the Madras high court order upholding his arrest in a money laundering case.
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO.
My grandfather Ashok Kumar made me sack my secretary as he thought she was a bad influence in my life.'
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
The agency has also summoned Rajasthan Chief Minister Ashok Gehlot's son Vaibhav Gehlot for questioning in a case related to alleged contravention of the foreign exchange law, official sources said on Thursday.
Police have arrested Daniel Norwood and the 27-year-old suspect is charged with attempted murder after Garg, allegedly suffered multiple stab wounds to the face, chest and abdomen, the Daily Telegraph newspaper reported.
Gukesh aims to keep improving after becoming India No 1 without sponsorship support
This sort of property is better suited for an investor rather than an end user.
He referred to the top court's 2022 judgement in the Vijay Madanlal Choudhary case and said it had held that ED officers are not "police officers".
'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.'
"The investigation has revealed that Singh had assured to get changes through Manish Sisodia in the then proposed Excise Policy of 2020-21 to increase the brand registration criterion for IMFL brands at the behest of Amit Arora and Dinesh Arora.
The endless wait to get valid currency notes was also taking a toll on people waiting for hours in long queues as there were reports of many elderly people collapsing out of fatigue.
The sharp rally in the markets thus far in fiscal 2023-24 (FY24) has left analysts struggling to find investment-worthy themes. The S&P BSE Sensex has surged nearly 7 per cent thus far in FY24 and hit a fresh 52-week high of 63,601.71 levels on June 22, mostly led by foreign institutional (FII) flows. "The Indian market has seen a broad rally in the past few months but headline indices have seen more modest performance. "We are not very clear about the reasons for the rally and the divergent performance and struggle to find ideas in the consumption, investment and outsourcing sectors after the sharp run-up in several of our favored sectors and stocks in the past two months," wrote Sanjeev Prasad, co-head, Kotak Institutional Equities, in a recent co-authored note with Anindya Bhowmik and Sunita Baldawa.
Tamil Nadu Chief Minister M K Stalin on Thursday warned the Bharatiya Janata Party not to 'provoke' the Dravida Munnetra Kazhagam, saying it will not be able to 'bear the consequences' and that his party also knows 'all types of politics', escalating his attack on the saffron party after the arrest of his cabinet colleague V Senthil Balaji.
Asked further if anybody was conspiring against him, he said: "You will get to know when the time comes."
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
ITC's results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division's performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 per cent growth in non-cigarette earnings before interest and tax (Ebit), despite a relatively weak performance in paperboards.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
India skipper Rohit Sharma gave an update on Shreyas Iyer's recurring back injury and the captain didn't sound to optimistic of the batter playing anytime soon.
Do you know the most common exclusions in a mediclaim plan? Or, why your base premium keeps increasing over a period of time?
The troubled Lotus Formula One team were locked out of their paddock hospitality at the Japanese Grand Prix on Thursday while freight, including engines, was also held up by payment problems.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
A day after getting bail from Hyderabad high court, Telangana TDP MLA A Revanth Reddy and two others were on Wednesday released from Cherlapally Central Prison in Hyderabad, with scores of cheering supporters of Reddy raising slogans and waving Telugu Desam flags.
I got to know that every referred case for angiography and angioplasty got a kickback of Rs 5,000 and Rs 15,000 respectively. Seeing this trend, doctors started paying referring doctors Rs 1 lakh in advance and adjusting it as and when patients came in. This menace slowly spread its tentacles all over the medical field, including radiological diagnostics and biochemistry laboratories. For every test ordered, 20 per cent of the bill was given back to the referring doctor. This led to doctors recommending unnecessary tests. The pharmaceutical companies also saw burgeoning business. Acclaimed doctors were given televisions sets, refrigerators, air conditioners and cars depending upon the prescriptions. General practitioners would prescribe unnecessary drugs, and were given returns in cash. A fascinating excerpt from Dr Upendra Kaul's When The Heart Speaks.
'I have to take better care of myself.' 'I was lucky that the cancer was diagnosed at a very early stage.'
Over 83 per cent of the more than 13 lakh electorate cast their vote on Monday in the single-day Nagaland state election which passed off by and large peacefully, Chief Electoral Officer V Shashank Shekhar said.
After being discharged, 55-year-old Singh said he would seek the permission of the court hearing the case to visit Singapore for treatment.
Cash registers are ringing more frequently at hotels and resorts with the return of the big fat Indian wedding after a two-year hiatus. This comes even as the small and intimate ceremonies - which became popular during the pandemic - are also set to keep those employed in the hospitality sector on their toes. As many as 2.5 million marriages are expected to get solemnised during the wedding season that gets underway from next week and stretches on till April, according to industry estimates.
The unidentified youths shot Nijjar, a designated terrorist, inside the premises of Guru Nanak Sikh Gurdwara Sahib, of which he was the head, at Surrey at 8:27 pm (local time) on Sunday, they said.
On November 8, Sharma's wife Kiran, who was pregnant, was admitted to the nursing home for tests, including sonography. She was expected to deliver a baby around December 7. On November 9, Kiran went into labour prematurely and gave birth to a boy at home before she could be taken to hospital. Afterwards the mother and the boy were rushed to the nursing home.
The owner of south Delhi's 'Baba ka Dhaba', Kanta Prasad, allegedly attempted suicide and has been admitted to the Safdarjung Hospital, police said.
Chatterjee, who was the state education minister when the scam took place, was arrested after around 26 hours of grilling in connection with the probe.
Moreover, there have also been speculations that while entering into an alliance in August last year, a "deal" was struck whereby Nitish Kumar would give up his chair for his deputy who in turn would back him for the top job in national politics.
A man came on a motorcycle and left the vaccines at a tea stall outside the Civil Lines police station.
