Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger
Sources said a merger could benefit both as Grofers' private labels business would be a draw for Zomato, as well as its experience in the online grocery delivery space.
Banerjee said she would also raise issues like name change of the state as well matters like merger of public sector banks during the meeting.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
Prime Minister Narendra Modi on Tuesday linked opposition parties coming together against the Bharatiya Janata Party to his government's campaign against corruption, and asserted that the clampdown on graft will continue without being hindered by "false allegations".
Panneerselvam also wanted withdrawal of affidavits submitted to the Election Commission declaring Sasikala and Dinakaran as party general secretary and deputy general secretary, respectively.
The MES and some political outfits in Maharashtra have been pressing for this demand on the ground that the district and a few other neighbouring areas of Karnataka have a substantial Marathi speaking population.
Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
The political uproar continues in Bihar, as Chief Minister Nitish Kumar alleged that the Bharatiya Janata Party wanted to make R C P Singh the Eknath Shinde of Bihar and isolate the Janata Dal-United party.
'If the Kukis and Meiteis are the warring groups, then we need to find space for a third group which can mediate between the two.'
Ahead of the 2022 assembly elections, Churchill Alemao 'merged' the NCP with the TMC. The 'merger' took place when Mamata Banerjee was in Mumbai talking to NCP supreme leader Sharad Pawar on how to forge Opposition unity!
'As long as Amul was coming in with products it was not a problem because it was something value added and with a shelf life.' 'When it gets into the local market by procuring locally, it cuts into the market-share of local cooperatives.'
'By naming Tejashwi as the next CM candidate, he has put us in a dilemma.' 'Who will lead us in 2025?' 'What will happen to the party after 2025?'
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
Spectrum allocation for satellite services came up as a dominant theme at the launch of 36 communication satellites by OneWeb, a Bharti group venture, here on Sunday. Following the launch, Bharti Enterprises chairman Sunil Mittal, in a conversation with a group of reporters, reiterated that spectrum auction did not make sense in the case of satellite services. "This (satellite services) is not competing with mobile services where you can justify the auction.
Karnataka Chief Minister Basavaraj Bommai on Monday said that he will ask his Maharashtra counterpart Eknath Shinde not to send his ministers to Belagavi, amid the raging border dispute between both the state, as it may disrupt the law and order situation in the border district.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
Entry of a higher number of technocrats, an appraisal system for civil servants and the benefits of changing the financial year may feature in the PM's fourth speech.
'In the lockdown, family viewing became even more important.' 'Kids saw adult content and adults saw a lot of kids content.' 'The audience is no longer just the housewife, but the whole family.'
India's biggest steelmaker Tata Steel is set to merge its British unit Corus with itself by next year to save costs up to 350 million pounds, and the move is likely to put thousands of jobs at risk, a media report has said.
'Whatever tricks the BJP may play, it will not be able to stop JD-U from becoming a national party by 2023'
Sardar Vallabhbhai Patel resolved issues of merger of other princely states, but 'one person' could not resolve the Kashmir issue, Prime Minister Narendra Modi said on Monday, in a veiled attack on India's first PM Pandit Jawaharlal Nehru.
Maharashtra ministers Chandrakant Patil and Shambhuraj Desai, appointed for coordinating the state's border dispute with Karnataka, are unlikely to visit Belagavi on Tuesday as both have various meetings scheduled in Maharashtra during the day.
The timing of these transfers, while being projected as routine, is significant in both strategic and political terms, asserts Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Maharashtra Chief Minister Eknath Shinde on Monday said the state should stand firmly behind people in the Marathi-speaking areas of neighbouring Karnataka and appealed to political parties not to behave in a way that would hurt them.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
Online portals have become the preferred tool.
The 50-share NSE Nifty stayed in the positive zone and retook the 9,900-mark to hit a high of 9,905.05 as buying paced up towards the fag end. It settled higher by 72.45 points, or 0.74 per cent, at 9,899.60.
AIADMK had decided to 'de-link' V K Sasikala and Dinakaran from the party.
Tata Consultancy Services (TCS) is India's most-valuable brand in 2022 replacing HDFC Bank, which held the number one spot since 2014, according to Kantar BrandZ report on India's most-valuable brands. TCS was able to grab the top slot due to rising global demand for automation and digital transformation, following the pandemic. Indian brands have bounced back from the pandemic to increase their brand value by 35 per cent compound annual growth rate (CAGR) since 2020.
The Supreme Court said on Wednesday the issues related to the Maharashtra political crisis, triggered by the differences in the Shiv Sena, are "tough" constitutional questions to decide as they have "very serious" ramifications for the polity.
As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.
Ashok Kumar Gupta, chairman of the Competition Commission of India (CCI), has never minced words while talking about the giant technology companies, referring to them on multiple occasions as "centres for entrenched and unchecked dominance". The anti-trust regulator has, in fact, been cracking down on big technology companies such as Google, Apple, Facebook, and others, after they were hauled up by regulators and lawmakers in Europe and Australia. However, in several instances, existing regulations have prevented the CCI from going all out against these companies for anti-competitive activities.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
'As soon as the violence broke out, they should have stepped in and sent a message that the state is there to stop this violence.' 'Had they done it right there, the situation would not have gone out of control.'
Chief Minister Ashok Gehlot and other senior party leaders, including All India Congress Committee general secretary Avinash Pande and spokesperson Randeep Surjewala, also moved to Jaisalmer along with the MLAs in five chartered flights.
'There is so much talk about Netflix and what they should be doing.' 'In two years, SonyLIV has done what Netflix should be doing.'
