'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. "Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform" said Yogi Sadana, the founder of Zype, a lending-focussed fintech.
At the core of Nitish Kumar's decision was a cold political calculation. He assessed that the RJD's support base was unlikely to vote for JD-U candidates in the Lok Sabha polls. He was unsure of winning even half a dozen if he stayed with the RJD and the Congress.
In the last three years, the Union Territory administration has invoked 311 (2)(c) of the Constitution to sack more than 50 employees, who were allegedly operating in shadows within the government and drawing a salary from the public exchequer, however, they were helping Pakistani terror outfits, providing logistics to terrorists, propagating terrorists' ideology, raising terror finances and furthering secessionist agenda, officials said.
The opposition Indian National Developmental Inclusive Alliance (INDIA) is a challenge, Union Minister and senior Bharatiya Janata Party leader Dharmendra Pradhan said on Friday, adding he has requested his party to allow him to contest the 2024 Lok Sabha elections from his home state Odisha.
The leader also said the Congress would also intensify its protests against the Lakshadweep administration's move to permit liquor outlets in the archipelago.
Shinde announced that his government is committed to providing reservation to the Maratha community.
Prithvi Raj Singh Oberoi, the 94-year-old veteran corporate hotelier who redefined India's hospitality industry, passed away on Tuesday. The Chairman Emeritus of The Oberoi Group, popularly known as 'Biki', built a sprawling chain comprising 32 hotels during his lifetime. EIH owns the eponymous Oberoi and Trident hotel chains.
The Theory of Evolution, proposed by the English naturalist, explains that all living beings evolved through natural selection, which favours inherited traits that improve an individual's ability to compete, survive, and reproduce.
The poll panel has asked state Congress chief Govind Singh Dotasra to respond to the notices by 3 pm on Thursday and 7 pm on Friday, respectively.
The move will require modifications in Companies Act.
Appearance through video conferencing, refraining from making comments on the physical appearance and educational background of government officials and reasonable time frame for compliance of judicial orders are some of the suggestions enumerated in the Standard Operating Procedure (SOP) the government has submitted to the Supreme Court for consideration.
'I want to make the government realise that they are not empowering Dalits by giving them free goats or hens; what they need is good education.'
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
With the #MeToo movement taking the world by storm, sexual harassment came up for discussion at the three-day ICC Board meetings in Singapore, which concluded on Saturday.
This year's Budget showers a lot of money for development of education in the country. In 2007-08, Rs 32,352 crore was allocated for education, which was 32 per cent above the allocation for 2006-07. However, the ministry demonstrated constraints to its absorptive capacity: The revised estimates indicated only Rs 28,674 crore had been spent.
Against predictions by most exit polls that the ruling Congress had an edge in the state, the BJP banked heavily on the charisma of the PM.
Founded by a group of IIT alumni, the programme aims to further the cause of education for all by allowing discussion sessions through mobile devices.
Ahead of the assembly polls in Rajasthan, the Congress government on Saturday night issued an order for the conduct of a caste survey in the state.
More than 24 prominent charitable institutions in the country - from private trusts, educational societies, statutory authorities, and cricket associations - may soon face tax scrutiny after a Supreme Court (SC) ruling set the limits to which tax exemption can be claimed. Most of these are highly profitable but get tax exemption due to their 'charitable organisation' status. The revenue department is preparing a standard operating procedure to scrutinise their books and evaluate if they can continue to claim tax exemption in the context of the recent SC ruling
The state government ordered an inquiry into the programme organised at Kalorex Future School, located in Ghatlodia area of the city, on September 29.
Unrecognised private schools, which cater to the poor in slums and villages of India, have been under threat for a long time.
The Z+ security cover of Central Reserve Police Force (CRPF) personnel has been extended to Khan and Raj Bhavan, his office said in a post on 'X'.
Ashok Vaswani, a banker with more than three-and-half decades experience in building and scaling up businesses across consumer and corporate banking and payments, will be the next managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank. Last week, the Reserve Bank of India (RBI) had given its approval to Vaswani's appointment. Vaswani is currently President of Pagaya Technologies, a US-Israeli artificial intelligence (AI) fintech firm, which he joined in June 2022.
In 2022, he raced past Usain Bolt, 'the world's fastest man', to become the world's most written-about athlete. The attention has followed a stream of medals: Asian Games gold twice, an Olympic gold, and silver and gold at the World Athletics Championships.
25 student suicides in 2023 at India's coaching hub Kota have revealed the mindboggling stress children confront every day, reports Prakash Bhandari.
'What is taught here is a mockery of the English language.'
A majority of the panelists agreed Gujarat has been doing better than other states on land acquisition, skill development and primary and secondary education.
'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
Maharashtra Chief Minister Eknath Shinde on Monday announced the withdrawal of police cases filed against pro-Maratha reservation protesters in Jalna district, the epicentre of the latest round of stir on the issue, and urged quota activist Manoj Jarange to end his indefinite fast.
Medical seats for under-graduates and post-graduates remaining vacant in the NEET era, together with the Centre 'freezing' the number of medical colleges and seats in (Dravidian) Tamil Nadu and the launch of the PM's 'Vishwakarma Scheme' for the nation's craftsmen, are all seen as a bid to further reverse the state's progressive socio-economic agenda of and its achievements of the past hundred-plus years, argues N Sathiya Moorthy.
Education remains one of the key focuses of the new government.
'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'
This takes the total number of apprehended persons in this case to nine, a police officer said.
With debt woes and a legal case in the US courts, educational technology (edtech) giant Byju's is expected to be laying off more employees, according to media reports. According to The Morning Context report, Byju's intends to lay off 1,000 employees. This number, however, could not be confirmed by Business Standard independently. A spokesperson for the company declined to comment on the reports.
Dr Talat Ahmad, vice chancellor of Jamia Milia Islamia suggests important reforms in the Indian education system.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
The top court's remark came while setting aside an order of the Madras high court which directed the Tamil Nadu government to create the posts under the designation.
'Most students find it difficult to cope with the way they are expected to learn at the IITs.' 'So, all the students face the same stress.' 'But those students who are mentally weak are more affected.'
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