More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote.
In an exclusive conversation with rediff.com's A Ganesh Nadar, KNPP director K Balajee says his team worked 15 hours a day to get the plant ready, and now they are sitting idle thanks to the escalating protests.
The National Award winning director talks about his new film.
'The success of one or two IPOs does not dictate whether the upcoming IPOs will be successful or not, but it certainly indicates that the markets and investors are enthusiastic about startup IPOs.'
'Seeing the characters you had conceived come alive, saying the lines you had written for them... or the actor giving it a totally different meaning from what you had originally thought... is unbelievable!' Sreebala K Menon tells Paresh C Palicha.
Sumana D Kittur talks about her film Edegarike, based on the underworld.
Businesspersons who have the potential to contribute to the economy of a country are given a red carpet welcome by way of a start-up visa.
Layoffs, corporate restructuring, governance and most importantly profitability: The 14 Indian startups that plan IPOs this year are pulling out all the stops to ensure successful market debuts.
ICICI Ventures Funds Management Company Ltd has acquired Tata group's 50% stake in Tata Infomedia Ltd for Rs 176 per share, totalling Rs 100.7 crore in a cash deal, and will make an open offer to acquire 20% publicly-held shares of the company.
Shareholders have given approval to the appointment of Ambani scions Akash, Isha and Anant on board of Reliance Industries, the company said in a stock exchange filing.
The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur's) move to acquire Religare Enterprises, a financial services company. "We have not received any formal communication on any such FIR
The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.
The 2024 British Academy of Film and Television Awards (BAFTA) were held at the Royal Festival Hall in the Southbank Centre, London, and saw its share of the good and the bad.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
How do you avoid being laid off? If you have been let go, what should you do next? Ask rediff Career Gurus to find out.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Delhi Capitals join hands with Satya Nadella to own MLC team in US
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
'The world needs Gandhi now more than any other time in history.'
The best things about Bollywood films are the song and dance sequences, says Irvin Kershner.
Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
rediffGURU Sushil Sukhwani underlines the factors you need to consider before you make the decision to study outside India.
HSCI has now appointed Seki Inaba the director (marketing) for the Indian market. Inaba, who takes over from Tatsuya Natsume, will be responsible for marketing, sales and after-sales initiatives of the company in the country.
'I am always rocking.' 'I am a rockstar.' 'That's the way the world will always see me.'
'I came to Mumbai in 1978 and struggled for the next 10 years.'
'A man whom I love soooo much and look up to every other day! I feel soooo happy to see The Happiness in my face Every-time I see him...So happy to see him make films in Tamil Industry!'
.jpg)
The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
The police are also on the lookout for a fourth person, Arun Kumar, who they suspect allegedly instigated the trio to commit the crime.
Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion. The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position. Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling.
In a step towards diversifying its resource base and securing green energy minerals, India is poised to launch its first-ever offshore mineral auction in the first quarter of 2024, announced Union Minister of Mines Pralhad Joshi during the launch event of the National Geoscience Data Repository portal. The government plans to hold auctions in March, offering 10-15 blocks for bidding. Meanwhile, the ministry of mines is currently developing rules and regulations for offshore mining.
Companies don't have to be in the field to nudge people to return money they owe lenders.
rediffGURU Chandu Nair advises entrepreneurs and enterprises about how to create and build their business.
The Odisha government has asked all the district collectors to remain prepared for any eventuality, and directed the administration to evacuate people from low-lying areas in the event of heavy rain.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
Before you buy an apartment within a project meant for senior citizens, ensure that the services are of a high standard. Senior citizens should not sell their current home before they are completely sure about moving into a senior citizens' project.
For the company's latest energy initiative to expand its green energy and storage portfolio, some analysts are beginning to suggest a closer look at some of its segments. In his address to shareholders in the company's FY22 annual report, billionaire Mukesh Ambani, chairman and managing director of the company, said: "The green energy value holds great promise to outshine all our existing growth engines in just 5-7 years." The company has marked an investment of Rs 75,000 crore towards its new energy plans, which include solar energy value chain, green hydrogen, energy storage and other similar businesses.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
'Since God was being shown in live action on such a large scale, Prasanth was initially sceptical about going with an animated character.'
