Economic growth to improve in coming months, says govt

New Delhi (IANS) As contact-intensive services have revived and there is growth in private consumption, economic growth is expected to improve in the coming months, the monthly economic review released by Finance Ministry on Saturday said.

The…

Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors

Mumbai (IANS) Ujjivan SFB concludes Rs 475 crore of equity fundraiser via Qualified Institutional Placement (QIP) mode.

The Bank's Board of Directors approved the allotment of 22,61,90,476 Equity Shares of face value Rs 10 each to eligible…

'Worst is over' and you'll only see growth in coming months: Byju Raveendran

New Delhi (IANS) After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres.…

Fed hiking rates may move dollar index to levels of 112.60 -113.30: Emkay Wealth

Mumbai (IANS) The dollar index, which gauges the strength of greenback against the basket of six major currencies, is expected to remain in the range of 112.60-113.30, if the US Federal Reserve continues its tightening going forward, according to…

Garuda Aerospace maps 7,000 villages in UP with drones under Svamitva Scheme

Chennai (IANS) The Chennai-based Garuda Aerospace, a Drones-as-a-Service (DaaS) startup, has successfully mapped 7,000 villages in Uttar Pradesh under the Svamitva Scheme.

The company had won the tender from the nodal agency, The Survey of…

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…