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.
States' borrowing cost fell for the second consecutive week on Monday, with the weighted average cut-off easing by 4 bps to 7.67 per cent from 7.71 per cent in the last auction when it slid by 7 bps. The yield on the benchmark 10-year G-secs also declined in the week by 4 bps to 7.23 per cent from 7.27 per cent last Tuesday, Icra Ratings said on Monday. The weighted average cut-off of the 10-year state debt also eased to 7.61 per cent at Monday's auctions from 7.66 per cent last week.
Dwaipayan Bose examines the seven important factors that investors about exchange traded funds must know before they start investing/trading in them.
A bench of Justices SK Kaul and Sudhanshu Dhulia said the Centre cannot preclude reservation from being extended to women in civic bodies by saying it doesn't apply to tribal areas.
Elections to 92 nagar parishads and four nagar panchayats in Maharashtra will be held on August 18, the State Election Commission (SEC) announced on Friday.
The Mumbai Metro Rail Corporation Ltd started hacking trees from Friday night to make way for a car shed, hours after the Bombay high court dismissed four petitions filed by NGOs and activists challenging the decision to allow felling of trees in the prime green lung of the city.
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
India's Parul Chaudhary and Priti secured silver and bronze medals respectively in the women's 3000m steeplechase, unheralded Ancy Sojan made a grand entry on the big stage.
The restrictions under section 144 of the Code of Criminal Procedure are in place since lockdown began.
External Affairs Minister S Jaishankar on Friday said that the Canadian allegations with regard to the death of a Khalistani separatist was discussed during his meeting with the Secretary of State Tony Blinken a day earlier and noted that the two delegations came out better informed after the meeting.
Dutee Chand had claimed before NADA's Anti-Doping Disciplinary Panel (ADDP) that it was a case of "unintentional consumption".
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
With 29 gold, 31 silver and 51 bronze in their kitty, the Indian para athletes won four medals more than the record tally of 107 won by the able-bodied athletes in the Hangzhou Asian Games, held from September 23 to October 8.
According to the recommendations of the Subject Expert Committee (SEC) meeting held on July 30, which have been approved by the Drugs Controller General of India (DCGI), Sputnik-Light is the same as the component-1 of Sputnik V and as its safety and immunogenicity data in the Indian population has already been generated in a trial here, there seems to be inadequate data and justification for conducting a separate, similar trial.
The Supreme Court on Wednesday directed the Maharashtra State Election Commission (SEC) and all the state authorities to ensure that process for local bodies' election is "immediately commenced" in accordance with the recommendation made by the dedicated commission for reservation to Other Backward Classes (OBC).
Law Minister Arjun Ram Meghwal will attend the meetings of the committee as a special invitee, while legal affairs secretary Niten Chandra will be secretary to the panel.
Stadium 974 dimmed dramatically just before halftime during the World Cup match between Brazil and Switzerland.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
Telegraphing messages from the Grazia Young Fashion Awards 2022.
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
Bond markets, global as well as domestic, are likely headed towards hard times over the next three to six months, as higher vegetable prices, rising fuel costs, and improved wages may keep inflation hot, believe analysts, who expect the yields to hit 7.5 per cent in the near-term from the current 7.234 per cent. In this backdrop, they suggest investors can put in money in funds/instruments with residual maturity of 4 to 6 years, while longer-term investors can allocate cautiously to the longer end in the range beyond 7 years.
Raise a toast to vodka with these three interesting cocktail recipes.
Amid the coronavirus scare, the Mumbai Police on Sunday issued an order for tour operators, asking them not to take any groups to foreign or domestic destinations for tourism purpose till March 31, an official said.
The Supreme Court on Wednesday directed the State Election Commission of Maharashtra to notify 27 per cent seats in the local body, which were reserved for the Other Backward Classes, as general category so that the poll process can be taken forward.
The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.
A court of chief judicial magistrate granted the police 60 days to carry out the probe and directed it to provide progress reports every three weeks, public prosecutor K Balachandra Menon said.
An independent Muslim candidate has secured a surprise victory in a ward in the Hindutva nerve centre of Ayodhya in the civic election results declared on Saturday.
This will be the first civic election after the fresh delimitation exercise, and the much-awaited poll will be held in the gap between the two phases of the Gujarat assembly elections, which will take place on December 1 and 5.
MR Poovamma was a member of the gold-winning 4x400m women's and mixed relay teams in the 2018 Asian Games and also part of the 4x400m relay squad that won the gold at the 2014 Asian Games.
Desai, a former gold medallist at the Fazza Championships, led from start to finish to end the race in 24.42 seconds, ahead of Thailand's Denpoom Kotcharang (25.78 sec) and Kenneth Jenssen Heggdal of Norway (27.08 sec).
The Supreme Court on Monday termed as 'amazing' and 'shocking' that people are still being booked under the Section 66A of the Information Technology Act, which was scrapped by the apex court verdict in 2015.
The administration has also ordered to seal the borders of Hathras district. The decision was taken to maintain law and order in the district, which hogged limelight after a 19-year-old Dalit gang rape victim from the district died at a Delhi hospital on Tuesday.
The Natural History Museum's annual competition and exhibition, Wildlife Photographer of the Year has been the longest-running and most prestigious nature and wildlife photography competition that has been recognising the world's best nature photography every year since 1965.
Counting of votes began on Sunday for lakhs of panchayat seats in Uttar Pradesh, a process expected to take two days across 829 centres. There were scuffles involving the supporters of candidates in three districts and social distancing to fight the spread of coronavirus went for a toss at several places, reports said.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
Government on Tuesday made it clear that it differs with the UPA regime's stand on Section 66A of the IT Act.
Authorities in New Delhi are all geared up for the counting of votes polled in the Delhi municipal elections, with officials saying 42 centres have been set up for the Wednesday exercise which will begin at 8 am amid tight security.
Uttar Pradesh director general of police HC Awasthy, Sashastra Seema Bal DG Kumar Rajesh Chandra and Special Secretary Home Ministry VSK Kaumudi were short-listed for the post of Central Bureau of Investigation director.
Domestic brokerage HDFC Securities blocked trading in NSE's cash segment for its clients for a limited period due to a "technical glitch".
The firm presented that Sputnik Light vaccine is approved in 29 countries, including Russia and Argentina.
