Why settle for $400-500 million when you can make a billion or even more? That, in a nutshell, is why Krishna Kumar, 43, and Kashyap Dalal, 40, co-founders of Bengaluru-based edtech firm Simplilearn, one of the big players in the segment, sold a 51 per cent stake to Blackstone instead of selling 100 per cent as close competitor and rival Great Learning chose to do.
Empty stands not good advertisement for cricket's greatest rivalry
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
Gujrathi won the match with black pieces as he exploited a tactical oversight from his famous opponent.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
Discount chain to expand to the east and west, continue with third-party brands.
Prime Minister Narendra Modi will on Friday launch two schemes of the Reserve Bank of India (RBI) that may go a long way in changing how the household sector invests, and complains if anything goes wrong with their savings. These schemes - retail direct and an integrated ombudsman - will be launched by the Prime Minister virtually, in the presence of Finance Minister Nirmala Sitharaman. With the introduction of retail direct, a common man can directly take a position in government securities (G-Sec), considered to be the safest asset class a sovereign can offer.
The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday. The amount includes interest and penalty. The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges. In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.
These games of skill with a large social component have managed the transition to a new online avatar.
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy.
American online major Amazon seems to be almost doubling its India investment going by the company's recent announcement during Prime Minister Narendra Modi's state visit to the US. From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year. By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company's investment would go up to more than $2 billion a year over the next seven years.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
The Indian Premier League bandwagon is set to finally reach NorthEast as Guwahati gears up to host two IPL matches this season.
'As to the breakdown...I also understand that the IOC has stated it is too soon and too early to tell.'
rediffGURU Aruna Agarwal, a qualified child psychologist and behaviour therapist with over 20 years of experience, offers expert parenting advice.
'Deeply flawed, Sacred Games and Mirzapur come nowhere close to representing the diversity of stories from this country,' says Vikram Johri.
Start your digital detox today before irreversible damage to health and mental complications stalk your life, advises Ramesh Menon.
The executive board, which is expected to meet later this month, will discuss holding the session "remotely through a secure electronic system" on July 17, with a possible "electronic voting system" in place.
Leander Paes feels India will find it tough in singles but the country can hope to win a medal in the Asian Games
Sukanya Verma shares her OTT recommendations.
Meta (formerly Facebook) founder Mark Zuckerberg on Wednesday said India's entrepreneurial spirit and massive scale is fuelling optimism about the future and the opportunities that the country presents. Speaking at Meta's Fuel for India 2021, Zuckerberg also said he is excited about the role that India will play in building the metaverse. Metaverse refers to a combination of multiple technologies, including virtual reality, augmented reality and video where users "live" within a digital universe.
If you're a fan of the series, there's little reason not to pick it up right away.
When you open 100 incognito windows on Google Chrome, a smiley or winky face appears.
When you open 100 incognito windows on Google Chrome, a smiley or winky face appears.
Rediff reader Tejaswini tells us how her son Ojas kept himself engaged during the lockdown.
Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular.
Modi said different laws related to Hindus, Christians and Parsis and the Special Marriage Act 1954 has determined minimum marriage age of 18 years for a woman and 21 years for man but the Muslim Personal Law holds marriage of a girl legal after she has attained puberty.
Fighting fake brand peddlers. How the complex web of counterfeit goods threatens to trip e-commerce giants in the country.
Like software-as-a-service (SaaS), CaaS has emerged as a well-orchestrated ecosystem for cybercriminals.
World chess champion Magnus Carlsen said on Monday he believed Hans Niemann had "cheated more - and more recently - than he has publicly admitted", adding he no longer wanted to play against the American and any rivals who repeatedly cheated in the past.
This was the second time this month that the Norwegian has surrendered games or pulled out from a tournament which also featured Niemann.
Abhik Sen explores Apple's Monument Valley 2 and Gameloft's Asphalt Street Storm Racing.
'My father lived and died in the service of India. The views of a character on a fictional web series can never change that,' Rahul Gandhi said on Twitter.
Singaporean para-athlete Mohammad Khairi Bin Ishak has been barred from competing at the Gold Coast Commonwealth Games after failing a doping test prior to the multi-sports event beginning, the Singapore team said on Saturday.
Like the countless other things that were made possible online by the deadly coronavirus, Connect adds demonic possession and exorcism to the list, observes S Saraswathi.
Cheating poses an existential challenge to chess. It's hard to know how it will be mitigated, but it must be, if chess is to continue being a legitimate sport, asserts Devangshu Datta.
Young Indian Grandmaster Rameshbabu Praggnanandhaa went down fighting to World No. 2 Ding Liren in the tie-break of the Meltwater Champions Chess Tour Chessable Masters 2022 online tournament final on Friday.
Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.
Don't forget to scan the site for authenticity
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances