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.
'At the policy's maturity, the total premium is refunded.'
The medal round is on Sunday (7:05 IST).
Star Indian long jumper Murali Sreeshankar on Saturday qualified for the 2024 Paris Olympics after winning a silver medal in the Asian Athletics Championships.
The India captain believes that there is no substitute for hard grind on English tracks.
Delhi Capitals are likely to have a much leaner coaching staff next season with head coach Ricky Ponting's future set to be examined at the end of the season.
Despite high exposure to floods, Assam, Bihar, Uttar Pradesh, Odisha, and Sikkim are the best performing states in terms of flood early warning systems (EWS), according to the report by independent policy research think tank The Council on Energy Environment and Water.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player of IPL 2023.
Parul Chaudhary became only the second Indian female athlete to qualify for the final of a track event at the World Athletics Championships.
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
As Sanya Malhotra prepares to play a cop investigating the curious case of two missing jackfruits in the quirky new Netflix offering Kathal, here's a list of all her performances so far.
''I don't revisit any of my work once it's complete because I'm very self-critical.' 'I will probably exclaim, "Oh God, such bad acting!"'
'India has always been a bottom-up stock-picking market, and as growth recovers with higher liquidity, mid and small-caps always tend to outperform.'
'We wanted to compensate for the defeat (against Saudi Arabia). Today it was a great game, we played very well collectively'
Suresh Raina is baffled by Australian team's decision to opt for simulation training rather than play warm-up games ahead of the Border-Gavaskar Trophy four-Test series.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after the league stage.
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the previous eight quarters, fund houses had invested more than Rs 10,000 in PSBs amid deep discounts in valuation vis--vis their private sector peers.
Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Among smaller states having population of less than one crore, Meghalaya has been adjudged as the best performer. The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 61.
'I will talk to him next week about some of his celebrations'
Paralympic medallist Singhraj Adhana won two gold medals on the final day as India produced their best-ever performance at the Para Shooting World Cup, finishing with 10 medals in Munich.
Gold burnished its image as the go-to asset class during turbulent times. However, investors seemed to have missed the bus. Net inflows into gold exchange-traded funds (ETFs) plunged to a four-year low of Rs 653 crore in 2022-23 (FY23), even as gold emerged as the top-performing asset class.
Since its results, the stock of bottling and beverage distribution company Varun Beverages (VBL) is up 7 per cent on the back of a strong 2022-23 January-March quarter performance, robust outlook, and revision in profit estimates. Given the sharp uptick, it is now part of the trillion-rupee club, with its market capitalisation at Rs 1.01 trillion. The stock is one of the best performers in the consumer space as well as the S&P BSE 200, of which it is a constituent.
The key performers who guided India to their second successive WTC final.
The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of India's decision to pause interest rate hikes in its latest monetary policy review.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 42.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 52.
While Abhishek Sharma and Heinrich Klaasen starred with the willow for SRH, Mitchell Marsh's all-round show went in vain as Delhi went down at home.
Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.
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.
Images from the FIFA Women's World Cup matches played on Tuesday.
She finished fifth in the Group B qualification round and made it to the finals as the eighth best across two groups on the fifth day of competitions.
Satwiksairaj Rankireddy and Chirag Shetty became the first Indians after Dinesh Khanna to be crowned champions at the 2023 Badminton Asia Championships on Sunday.
Equities are the go-to asset class as far as ultra-long-term returns are concerned. Over the past 123 years, global equities have provided an annualised real return of 5 per cent in US dollar terms, while bonds have delivered 1.7 per cent and short-term bills just 0.4 per cent, according to Credit Suisse's Global Investment Returns Yearbook 2023. In collaboration with the London Business School, Credit Suisse has analysed over 100 years of returns for key asset classes in 35 countries.
"Now I started feeling it's becoming a great World Cup. But we haven't achieved anything yet, so honestly speaking, I think everything starts from now."
IMAGES from the IPL match between CSK and SRH in Chennai on Friday.
His first throw of 88.39 metres earned him automatic qualification for the final.
Among the states having fewer than 100 urban local bodies, Tripura has bagged the top rank, according to the survey results.
Nancy was even better, recording a lowest of 10.2 in her final.
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