BYJU'S have to pay Rs 2,000 cr to clear Aakash acquisition deal on Sep 23

New Delhi (IANS) Edtech major BYJU's is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23.

According to BYJU's financial report…

BYJU'S clocks Rs 10,000 cr sales in FY22, Raveendran to double down on growth

New Delhi (IANS) Edtech major BYJU'S on Wednesday finally revealed its financial results for both FY22 and FY21, clocking gross revenues of nearly Rs 10,000 crore in FY22 and Rs 2,428 crore for FY21.

IANS was first to report on BYJU's…

Aatmanirbhar Bharat is worth the cost in a deglobalised world: SBI

Chennai (IANS) India's self reliance policy 'Aatmanirbhar Bharat' is worth its cost in a globalised world where the interest of nations can trump well laid plans, said State Bank of India (SBI) in a research report.

Citing the rising…

Reliance Capital bidders seek extension of time for submission of binding bids

Mumbai (IANS) Reliance Capital bidders have sought an extension of time for submission of binding bids. According to sources, Piramal Finance has sought extension by 12 weeks, while Advent has sought time till January 30, 2023, i.e., 16 weeks extension…

Institute of Actuaries retires 4 Managing Council members, creates 'constitutional crisis'

Chennai (IANS) In the first of its kind action, the Institute of Actuaries of India (IAI) sent out four members of its Managing Council ahead of its annual general meeting (AGM) and in the process, reduced the Council's size less than the statutory…

Exports of ODOP products from UP records significant rise

New Delhi (IANS) Indigenous crafts and products manufactured at a district level in Uttar Pradesh under the flagship 'One District One Product' (ODOP) scheme have generated huge demands even outside the country in the past few years.

Government…

Centre bans rice export

New Delhi (IANS) The Central government has banned the export of broken rice with effect from Friday.

The decision comes immediately after a 20 per cent export duty was levied on various grades of rice, which also came to force on Friday.

Only legal loan apps to be hosted on app stores, says Centre

New Delhi (IANS) The Reserve Bank of India (RBI) will prepare a "whitelist" of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these "whitelist" apps are hosted on app stores.

This decision…

Rupee has held its own despite sharp depreciation in other currencies: RBI Governor

New Delhi (IANS) Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell's Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that…

Air India 'kicks off' direct flights to Doha from key cities as Qatar prepares to host football extravaganza

New Delhi (IANS) Air India on Thursday announced the introduction of 20 new flights per week to Qatar from key Indian cities. The added capacity will cater to the surge in demand expected around the football extravaganza in Qatar scheduled in November…