US lenders represented by Glas Trust have countered Byju's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire $1.2 billion Term Loan B along with interest. The founder of Think and Learn (TLPL) and owner of Byju's brand, Byju Raveendran, had about a week ago said that verified debt on the company is only Rs 20 crore as per insolvency proceedings and he may not have to pay any money to the US lenders represented by Glas Trust.
'The world cannot remain a mute spectator. We could have televisions blowing up in our homes, smartphones blowing up in a gym or mobile phones blowing up on aircraft.' 'Our adversaries are not going to sit quiet. They have got an idea that they will encash to our detriment,' warns Vice Admiral Biswajit Dasgupta (retd).
Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct knowledge of the matter said. The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.
The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
However, during the Chennai Test, Shakib's performance with the bat was underwhelming, and he conceded over six runs an over in the 21 overs he bowled and questions arose about a possible finger issue.
The dawn of a new era had begun under Sourav Ganguly's aggressive leadership. With Ganguly and Coach John Wright at the helm India had transitioned into a force to be reckoned with.
Manish Tiwary plans to take up a new role at another firm.
France are only the third country to win back-to-back golds in men's volleyball after the former Soviet Union and the United States.
It has been 18 years since arch-rivals India and Pakistan have locked horns in a bilateral hockey Test series.
SpaceX launched a reduced two-man crew to the International Space Station on Saturday, carrying supplies and two empty seats for Starliner astronauts awaiting a return home in February after an unplanned eight-and-a-half-month stay in orbit, CBS News reported.
'The Abdullah family is the problem and facilitator of the instability that we are seeing in Kashmir.'
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
'Not even in my wildest dreams did I think I would write a book one day.'
'The impact of CBDC on deposits and deposit insurance is largely unknown.'
The flight test fully met all the trial objectives validating complete network centric warfare weapon system, the defence ministry said.
PV Sindhu still has the hunger to succeed, and the primary aim is to help her regain consistency, says her new coach Anup Sridhar, who has been roped in by the two-time Olympic medallist on a trial basis following the Paris Games.
With Rs 17,087 crore raised so far this calendar year, the total is already 2.4 times that of the full year of 2023, which stood at Rs 7,266 crore.
Kejriwal, who is in jail till July 12 in the Central Bureau of Investigation case related to the excise policy, appeared before the court of special judge Kaveri Baweja through video conference.
'We called him Sher-e-Kashmir but we realised he was no lion but a pussycat who surrendered.'
Bharatiya Janata Party leader Shaurya Doval has said he has never expressed desire to contest elections but is open to the idea if the party decides to field him.
'Union Budgets are often used as political instruments and that was the intention of this government too.' 'But while the exercise has settled two fronts, it has left open several others and this has the potential to aggravate with time,' predicts Nilanjan Mukhopadhyay.
'Kajol has always been very particular about Nysa and Yug coming for the puja every year.'
Dadra and Nagar Haveli, now a Union Territory, were occupied by the Portuguese in 1783 and 1785, respectively. They continued to be ruled by the Portuguese till an armed revolution liberated them, and the Tricolour was unfurled at Silvassa on 2 August 1954.
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
IMAGES from the UEFA Champions League matches played on Wednesday.
Indian pacer Arshdeep Singh, who played an instrumental role in Men in Blue's T20 World Cup triumph, opened up on Friday about getting a chance in Test cricket
>According to the latest RBI data, PPF receipts have already experienced a decline between April 2023 and February 2024. Other schemes like the Sukanya Samriddhi Account and National Savings Certificate are also witnessing reduced inflows.
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.
The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
How India's players fared in the Bangladesh Test series.
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
Food and grocery delivery major Zomato has pulled the plug on its plan to enter the lending business. Zomato Financial Services, a wholly-owned subsidiary of Zomato, has withdrawn its application for a non-banking financial company (NBFC) licence with the Reserve Bank of India (RBI), stating that the company does not have plans to pursue lending in the future. "There is no material impact on the revenue/operations of the company and this disclosure is being made voluntarily," the Gurgaon-based company said in a regulatory filing on Tuesday.
Late last month in Kolkata, Shami expressed a desire to first play for Bengal before making his return to the national team. He also participated informally in motivational and fitness sessions with state players.
Could the Chennai Test against Bangladesh this week be Ravichandran Ashwin's last Test in front of his home fans?
Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise in medical expenses, fuel costs and overall inflation.
Union minister Nitin Gadkari on Friday said the Bharatiya Janata Party has been a party with a difference and that is why it has repeatedly won the trust of voters, but cautioned against the saffron outfit repeating mistakes committed by the Congress in the past which saw its exit from power.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
Mongolia can take a lifetime to happen but rewards the intrepid traveller with enduring memories of a surreal, delightful land.
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