'What has happened at Byju's is no surprise to anyone.'
An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."
Ahead of Friday's extraordinary general meeting (EGM), Byju Raveendran, chief executive officer (CEO) of Byju's, told shareholders that he is committed to restructuring the board of the embattled educational technology (edtech) firm. He also committed to appointing two non-executive directors to the board by the mutual consent of the founder and shareholders. The development comes at a time when a consortium of key shareholders, holding over 30 per cent stake in Byju's, issued a notice to the embattled edtech firm this month, calling for an EGM to address "persistent issues", including a proposed change of management at the firm.
Since MAAFs invest across multiple asset classes, they offer diversification.
The Centre has estimated that nearly 14,000 people have gathered along the Punjab-Haryana border with 1,200 tractor-trolleys, 300 cars, 10 mini-buses as well as small vehicles and conveyed its strong objections to the Punjab government for it, sources said on Tuesday.
IMAGES from the UEFA Champions League last 16 matches played on Tuesday
Set to return after an injury-induced break, two-time Olympic medallist PV Sindhu is aware the road to Paris will be "challenging" and she needs to be "smarter" in her pursuit of coveted gold medal in the French capital.
Farmers leaders taking part in the 'Delhi Chalo' agitation on Monday rejected the Centre's proposal of procuring pulses, maize and cotton at MSP by government agencies for five years, saying it was not in farmers' interest and announced that they will march towards the national capital on Wednesday.
In a state where thin margins and minor swings decide electoral outcomes, nothing can be left to chance, even for those relishing the cocooned life, observes Shyam G Memon.
Bailey confirmed that Warner will be selected for the West Indies series and will be expected to participate.
"I did not want to take the photograph of Lord Ram but etch his image in my heart instead," said Amit Pathak, a resident of Tulsinagar in Ayodhya, a day ahead of the 'pran pratishtha' ceremony at the Ram temple.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
Emerging out of the ED grilling in Mumbai, Rohit Pawar denied any wrongdoing and asserted struggle was imminent in fight for ideology while declaring he wasn't scared.
'Huge disappointment that we did not qualify for our third consecutive Olympics'
Bharatiya Janata Party candidate Manoj Sonkar on Tuesday defeated Aam Aadmi Party's Kuldeep Kumar to win the post of mayor in the Chandigarh mayoral polls.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
Cash-strapped edtech firm Byju's' parent company said on Monday it will raise $200 million by way of a rights issue to all its equity shareholders, aiming to support growth and achieve operational sustainability. The proposed rights issuance by Think and Learn Private Limited (TLPL) will fund capital expenditure and support general corporate purposes. As the largest shareholders, the founders of Byju's have personally invested more than $1.1 billion in the company in the last 18 months.
'.. if you do not want to take the asset allocation call.'' 'This category of funds can offer optimum risk-adjusted returns.'
While the Congress top brass has declined an invitation to the January 22 consecration ceremony at the Ram temple in Ayodhya, the party's Uttar Pradesh unit stuck to its plan to offer prayers in the holy city on Makar Sankranti.
Referring to the demand of giving a Kunbi certificate to all 54 lakh people whose proof of being Kunabi has been found till now, Patil said that they will be given the certificates soon.
Opinions vary, but fund managers remain bullish.
The ministry of external affairs and the embassy of India in Berlin have been persistently advocating for the return of Ariha Shah to India.
Foreign portfolio investors (FPIs) pumped in Rs 1.7 trillion into domestic stocks in 2023, one of the highest net inflows ever witnessed during a calendar year, of which 25 per cent went into the direct buying of stocks. Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances. A large portion of the FPI investments through the stock exchange route went into block deals, thereby reducing the actual investments made via direct buying of stocks. Last year saw selldowns or block deals worth Rs 2 trillion.
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Thakur's tenure as chief minister is best remembered for implementation of the recommendations of the Mungeri Lal Commission, whereby quotas for backward classes were introduced in the state in 1978. This panel was the forerunner of the Mandal Commission. Both Mungeri Lal and B P Mandal were from Bihar, which has a long history of socialist struggles.
'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
The benchmark Nifty and Sensex could see another 8-10 per cent from the current levels, said HDFC Securities in its outlook for equity markets in 2024. The brokerage said that the market movement in the next year will not be linear, and there will be more volatility. When asked about the market reaction to the General Elections in 2024, Dhiraj Relli, managing director and CEO of HDFC Securities, said more than the outcome of the elections, the market movement in the next three to four months will decide the market trajectory post elections.
Biden told reporters in Hanoi in the Vietnamese capital that he also raised the importance of respecting human rights with Prime Minister Modi.
ICC rejected Khawaja's application to have a sticker showing a black dove holding an olive branch on his bat and shoes during the Boxing Day Test against Pakistan.
Looking for Treasures From Mizoram to embrace through 2024 and beyond.
Looking for Treasures From Mizoram to embrace through 2024 and beyond.
Chief Economic Advisor (CEA) V Anantha Nageswaran considers absolute poverty a more direct and pressing concern for India. He argues that inequality is a relative concept. Simultaneously, with formerly economically deprived sections joining the ranks of the middle class, policy attention needs to extend beyond 'roti, kapda, makaan' to keep the growth engine up and running.
Now that the economy is growing at a higher-than-expected rate, it is time to accelerate the pace of fiscal consolidation, and the Budget could be a good starting point, argues Rajesh Kumar.
Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.
England opener Philip Salt opened up about not being picked in the Indian Premier League (IPL) 2024 auction and said that he was expecting to be chosen by a franchise but "these things happen".
Harping on putting up a united front, the Congress alleged that democracy is being "mercilessly murdered" and MPs who raise people's issues are suspended from the House.
Cummins, who skipped the IPL last season, was also the most expensive buy in the 2020 IPL Auction.
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