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.
Dutee Chand had claimed before NADA's Anti-Doping Disciplinary Panel (ADDP) that it was a case of "unintentional consumption".
Stadium 974 dimmed dramatically just before halftime during the World Cup match between Brazil and Switzerland.
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.
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.
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 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.
Telegraphing messages from the Grazia Young Fashion Awards 2022.
Raise a toast to vodka with these three interesting cocktail recipes.
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.
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).
Domestic brokerage HDFC Securities blocked trading in NSE's cash segment for its clients for a limited period due to a "technical glitch".
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.
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.
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.
The prohibitory order, issued by a senior police official, says restrictions on movement of residents for non-essential work will remain in force till July 15.
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.
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.
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.
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.
India's apex drug regulator has granted permission for conducting the phase II/III clinical trial of Bharat Biotech's Covaxin COVID-19 vaccine in the age group of 2 to 18 years, the Union Health Ministry said on Thursday.
The firm presented that Sputnik Light vaccine is approved in 29 countries, including Russia and Argentina.
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.
The prohibitory orders would be in force till September 8, a senior police officer told PTI.
The Pune-based Gennova Biopharmaceuticals has submitted phase 2 data of mRNA vaccine and has also completed the recruitment of phase 3 data.
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.
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.
The orders under Section 144, Code of Criminal Procedure (CrPC), will remain in force for a month in Kishtwar and for 15 days in Ramban district of Jammu, an official spokesperson said on Saturday. In Bihar, the administration imposed Section 144 of CrPC in Sheohar, Banka, Gopalganj and Samastipur districts on Saturday.
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.
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.
In a major move aimed at encouraging small investors to become direct investors in government bonds or stated simply to an infinite source of lending to the government, the Reserve Bank on Friday said it will allow them to directly buy government debt, making India the first Asian country to do so and among a handful globally.
Pfizer sought to participate in the Subject Expert Committee consultations towards an emergency use authorisation for its Covid-19 vaccine. However, the company representatives have been unable to participate in the meetings because of extremely short notices of a few hours or less and time-zone limitations.
Another Kambala racer has created a record in the 100 metres during the traditional buffalo race in Karnataka, covering the distance in 9.51 seconds, and improving on the timing of Srinivas Gowda, who stirred up a social media frenzy with his recent running exploits. Nishant Shetty from Bajagoli Jogibettu is the new jockey who broke 28-year-old Gowda's record at the Venoor Kambala on Sunday, organisers said.
The Maharashtra State Election Commission on Friday said polls to local bodies from other backward class reserved constituencies, which were scheduled on December 21, will now be held on January 18 and these seats will be converted as general category ones.
India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
In a significant verdict, the Supreme Court on Friday held that a person employed with the government cannot work as state election commissioners (SECs) and came down on the Goa government for giving its law secretary the additional charge of the SEC.
Section 144 of the CrPC prohibits an assembly of more than four persons in an area.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
Ahmedabad-based Zydus Cadila, Bharat Biotech's intra-nasal candidate are among the candidates who got approval from the expert panel to conduct clinical trials, Sohini Das reports.
While Lupin is working on a Remdesivir powder for inhalation, Glenmark has tied up with a Canadian Biotech firm for nitric oxide nasal spray that reduces Sars-CoV-2 viral load and thus transmission.
