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.
To offer additional support at the low end of the income ranges, the Centre will consider a large-scale jump in exemption rates under the old income-tax regime in the vote on account, or interim Budget, according to a senior official in the know. Those will include an extension of the income tax exemption rates close to Rs 7 lakh and additional measures for women farmers.
India's leading capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined orderbook surging past Rs 8 trillion in value. As on September 30, 2023, 13 of India's top 15 listed capital goods and engineering firms, for which data for the September 2023 quarter was available, had a total orderbook worth Rs 8.45 trillion - a number unseen at least since 2018-19. "This intuitively looks like an all-time high factoring in inflation," said Anupama Arora, a senior independent analyst who tracks the capital goods sector.
The both governments recognise that a ground invasion is very likely and not telling Israel not to launch one at all, but rather hold off to try and see if additional diplomatic efforts can succeed.
The meteoric rise of Shajahan Sheikh from a modest background of a helper in a local transport company to becoming the so-called 'tiger' of Sandeshkhali is what Bollywood film scripts are made of. And so does his fall.
India-France synergy is poised to open vistas of collaboration between the two countries, notes Rup Narayan Das.
'Since God was being shown in live action on such a large scale, Prasanth was initially sceptical about going with an animated character.'
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Recent disclosures allege large scale corruption, nepotism and kickbacks by Pakistan air chief Air Marshal Zaheer Ahmed Babar Sidhuin housing land deals in Islamabad and in buying of new aircraft, points out Rana Banerji, who headed the Pakistan desk at RA&W.
United States President Joe Biden and his top advisors have warned Israel that it will become increasingly difficult for it to pursue its military goals in Gaza as global outcry intensifies about the scale of humanitarian suffering in the crisis-stricken region, CNN reported.
'He was always coming up with something new, which is why his sudden demise is so shocking!'
From moments that felt long time in the coming to swashbuckling statements that could be interpreted in more ways than one, there are some that fanned our nostalgia, some made our jaws drop (or stomachs churn), some hit too close home, still others left us with a lingering sense of guilt. Sukanya Verma picks cinematic imagery that stood out in 2023.
Two dogs -- two-year-old cocker spaniel Casper and one-year-old Jaya, a 'chippiparai', which is an indigenous breed from Tamil Nadu -- have been trained to detect COVID-19 by sniffing samples of sweat and urine, senior Army officials said.
For the Congress' revival, the eclipse of the Gandhis is absolutely necessary, asserts Virendra Kapoor.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
'If you look at assets truly working for us, you should look at Aakash and Great Learning.'
Lenders in India, comprising banks and finance companies, anticipate robust growth in retail credit during the upcoming festival season, stretching from September to December 2023. This expectation is based on resilient demand, government initiatives, and elections in key states.
British Prime Minister Rishi Sunak on Monday sacked his Indian-origin Home Secretary, Suella Braverman, and replaced her with James Cleverly, while former premier David Cameron, in an unusual move, is back in the frontline government as the new foreign secretary.
More than a decade after it entered the market, Naukri.com, Info Edge (India) Ltd's recruitment services portal, has about 50,000 customers and about 120,000 job listings.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
In an interview to NDTV, Pawar came out in support of the Adani Group and criticised the narrative around Hindenburg Research's report on the conglomerate.
Pro-Khalistan elements based in Canada have been luring gullible Sikh youth to the North American country by sponsoring their visa with the sole objective of using them to carry out their agenda on Canadian soil, sources said on Wednesday.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
Polling is underway to elect 119 members of the Telangana Legislative Assembly, with voters queuing up to exercise their franchise amid tight security on Thursday.
Of the 3.9 million the sector employs, HR experts say at least 100,000 are likely to lose their jobs by the end of this financial year. Ayan Pramanik and Raghu Krishnan report.
Quick commerce startups hope to race towards better days. Can they crack the execution code?
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
In his reply to a letter written by Dhankhar, Kharge said the Chairman's letter 'unfortunately justifies the autocratic and arrogant attitude of the Government towards Parliament'.
Justices G S Sandhawalia and Harpreet Kaur Jeewan also held the Haryana State Employment of Local Candidates Act, 2020 "ultravires" and said it will become "ineffective from the date it came into force".
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Senior BJP leader Arun Jaitley on Sunday said with slew of graft cases surfacing during the UPA government, corruption has taken the shape of a "small scale industry", and the upcoming Lok Sabha polls will be a fight between morality and immorality.
Elections in Jammu and Kashmir can be held "anytime from now" as the work on updation of voters list is almost over, the Centre told the Supreme Court on Thursday but remained non-committal about setting a time-frame for restoration of statehood to the Union territory (UT).
IMAGES from the first semi-final of the ICC World Cup played between India and New Zealand at the Wankhede stadium in Mumbai on Wednesday.
While still not as drool-worthy as their private sector counterparts, the hike is quite hefty, and across segments
Krithi Krithivasan is the kind of person one might look to when the need is to calm things down and put things back on track.
'I wonder how people who come to power through democratic means turn out this way.' 'But people of India are strong, and those who think they can hoodwink people, are mistaken.' 'You can fool some people for some time, but not all people, all the time.'
Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
