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Your victory unlikely: Obama, Pelosi tell defiant Biden

Your victory unlikely: Obama, Pelosi tell defiant Biden

Rediff.com19 Jul 2024

Former United States President Barack Obama and ex-House Speaker Nancy Pelosi have spoken to President Joe Biden and informed him that his path to victory against his Republican rival Donald Trump has greatly diminished and it might have an impact on other Congressional and Senatorial races as well, according to media reports on Thursday.

Trump shooter identified, opened fire from 120 metres away

Trump shooter identified, opened fire from 120 metres away

Rediff.com15 Jul 2024

Thomas Matthew Cooks was planted on the roof of a manufacturing plant located over 130 yards away from the stage at Butler Farm Show grounds, the New York Post reported, citing sources.

'Let Me Get My Shoes', Trump Said After Shooting

'Let Me Get My Shoes', Trump Said After Shooting

Rediff.com14 Jul 2024

Former United States president Donald Trump was injured after being shot in the ear during an apparent assassination attempt at an election rally in Pennsylvania after which a male attacker was shot and killed by a member of the Secret Service.

Joe Biden speaks to Donald Trump post assassination bid

Joe Biden speaks to Donald Trump post assassination bid

Rediff.com14 Jul 2024

This evening, President Biden spoke to former President Trump. The President also spoke to Pennsylvania Governor Josh Shapiro and Butler Mayor Bob Dandoy, the White House said.

Was exhausted and sick during first debate: Biden

Was exhausted and sick during first debate: Biden

Rediff.com6 Jul 2024

He asserted that only the "Lord Almighty" could make him drop out of the race to win the November 5 election.

2,000 Ex-Byju's Staff Fight For Dues

2,000 Ex-Byju's Staff Fight For Dues

Rediff.com30 May 2024

'When I called the HR department, they abused me.'

'Indian crews are very good'

'Indian crews are very good'

Rediff.com23 Apr 2024

'Indians are basically liked because they are educated, they are intelligent.'

US House passes $95-bn aid package for Ukraine, Israel and other allies

US House passes $95-bn aid package for Ukraine, Israel and other allies

Rediff.com21 Apr 2024

One bill provides $60.8 billion for Ukraine, with over 80 percent of it for helping Kyiv amid its ongoing war with Russia, including replenishing supplies of US made weapons and ammunition.

Special counsel says Biden has poor memory, Prez hits back

Special counsel says Biden has poor memory, Prez hits back

Rediff.com9 Feb 2024

In a damaging report ahead of the November 5 polls, a special United States counsel has said that President Joe Biden 'willfully' mishandled classified documents as a private citizen but concluded that it would be difficult to convict him as he comes across as an 'elderly man with a poor memory'.

Lenders allege Byju's hid $533 mn in obscure hedge fund

Lenders allege Byju's hid $533 mn in obscure hedge fund

Rediff.com13 Sep 2023

Lenders have alleged that Byju's hid $533 million in an obscure three-year-old hedge fund to avoid it being seized to make up for a loan default, but the ed-tech titan claimed its agreement with lenders did not explicitly proscribe movement of funds. Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court. The investment firm, founded by William C Morton when he was just 23 years old, received the funds despite an apparent lack of formal training in investment.

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Rediff.com12 Sep 2023

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.

Biden all set for India visit after testing Covid negative twice

Biden all set for India visit after testing Covid negative twice

Rediff.com7 Sep 2023

United States President Joe Biden is all set to visit India and is 'very excited' about the important initiatives he will be championing at the G20 Summit in New Delhi, according to senior White House officials.

IFSCA looks to clear decks for startups' direct listing at GIFT City

IFSCA looks to clear decks for startups' direct listing at GIFT City

Rediff.com29 Aug 2023

The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.

ED probing website named by NYT for Rs 86 cr foreign funding

ED probing website named by NYT for Rs 86 cr foreign funding

Rediff.com7 Aug 2023

The Enforcement Directorate (ED) is probing alleged fraudulent foreign funds infusion of more than Rs 86 crore into a company that runs the NewsClick portal even as it is expected to soon file a charge sheet in the case being probed under the anti-money laundering law, official sources said on Monday.

Byju's lenders agree to complete term loan amendment by Aug 3

Byju's lenders agree to complete term loan amendment by Aug 3

Rediff.com24 Jul 2023

In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.

India, US mutually resolve all six trade disputes at WTO

India, US mutually resolve all six trade disputes at WTO

Rediff.com17 Jul 2023

India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.

Byju's growing slowly but sustainably; it's close to profitability: CEO

Byju's growing slowly but sustainably; it's close to profitability: CEO

Rediff.com29 Jun 2023

Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. According to sources, who attended the town hall, Raveendran said that issues with $1.2 billion Term Loan B lenders are being resolved through discussion and hopeful of a positive outcome in the next few weeks without the court's intervention.

Modi, Biden raise a toast to 'ever-lasting friendship'

Modi, Biden raise a toast to 'ever-lasting friendship'

Rediff.com23 Jun 2023

Modi was addressing the State Dinner hosted in his honour by US President Joe Biden and First Lady Jill Biden at the North Lawn of the White House.

'If anything goes wrong with Byju's...'

'If anything goes wrong with Byju's...'

Rediff.com22 Jun 2023

'India's edtech and start-up story will be in danger.'

Joe Biden's son charged with tax, weapons offences

Joe Biden's son charged with tax, weapons offences

Rediff.com20 Jun 2023

On the charge of illegally owning a firearm as a drug user, he is yet to reach an agreement.

Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's

Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's

Rediff.com15 Jun 2023

A group of lenders to educational technology (edtech) giant Byju's has told the firm that they're open to negotiations with the company to resolve litigation and other disputes, according to people familiar with the matter. However, they have told Byju's that they will not engage in the firm's proposal for one-on-one meetings, according to sources. Byju's recently filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion Term Loan B (TLB) facility, and disqualify the lender for its "predatory tactics".

$1.2-billion loan dispute: Byju's legal battle worries key investor

$1.2-billion loan dispute: Byju's legal battle worries key investor

Rediff.com12 Jun 2023

The legal battle between Byju's and lenders in the US on the edtech firm's $1.2-billion term loan B (TLB), along with the company skipping an interest payment of $40 million on the loan, has made the other investor Davidson Kempner Capital Management, "extremely concerned", according to the people familiar with the matter. They said Byju's has closed a Rs 2,000-crore ($250 million) round from the US-based investment firm and it may stop or consider slowing down the flow of various tranches of that capital to the company. It may also decide not to provide any new funding or participate in any such round in the future, the sources said.

Byju's disqualifies US lender for 'predatory' tactics, skips payment on $1.2 bn loan

Byju's disqualifies US lender for 'predatory' tactics, skips payment on $1.2 bn loan

Rediff.com6 Jun 2023

Edtech major Byju's on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the $1.2 billion Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in distressed debt. "Byju's has had to take these measures following a series of predatory tactics by the lenders, led by Redwood," the company said in a statement.

Biden trips, falls at Air Force Academy graduation ceremony

Biden trips, falls at Air Force Academy graduation ceremony

Rediff.com2 Jun 2023

United States President Joe Biden tripped on a sandbag and fell after he handed out the last diploma at a graduation ceremony at the US Air Force Academy in Colorado on Thursday, CNN reported.

FBI finds more classified documents from Biden's home

FBI finds more classified documents from Biden's home

Rediff.com22 Jan 2023

The total number of classified documents found in the residences and private offices of Biden has now increased to nearly a dozen and a half. All documents, including from his term as vice president from 2009 to 2016, have now been taken into possession of federal agents.

More secret documents found at Biden's residences: White House

More secret documents found at Biden's residences: White House

Rediff.com15 Jan 2023

Five additional pages of classified material have been found at the Delaware residence of President Joe Biden, the White House has said, bringing the total number of secret documents uncovered to about two dozen.

Elon Musk plans layoff at Twitter before Nov 1, seeks staffers' list: Report

Elon Musk plans layoff at Twitter before Nov 1, seeks staffers' list: Report

Rediff.com30 Oct 2022

Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."

Twitter to form content moderation council for major decisions: Musk

Twitter to form content moderation council for major decisions: Musk

Rediff.com29 Oct 2022

Musk has not yet offered details about how his content moderation council will work.

'Let the good times roll', Elon Musk tweets on 1st morning as Twitter boss

'Let the good times roll', Elon Musk tweets on 1st morning as Twitter boss

Rediff.com28 Oct 2022

Billionaire Elon Musk has completed his $44 billion takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde. The New York Times said that Musk, the world's richest man, closed the deal to buy Twitter on Thursday. Citing people with knowledge of the situation, the report said that Musk "has started cleaning house at Twitter with the firings of at least four top executives". The Twitter executives who were fired include Agrawal, Gadde, chief financial officer Ned Segal and general counsel Sean Edgett.

Memories And More This Diwali!

Memories And More This Diwali!

Rediff.com19 Oct 2022

Zelda Pande recounts the specialness with which Diwali was celebrated in her home in Ranchi.

Elon Musk offers to proceed with Twitter buyout deal

Elon Musk offers to proceed with Twitter buyout deal

Rediff.com5 Oct 2022

In a surprise turn of events in the Twitter buyout saga, Tesla CEO Elon Musk has reportedly offered to proceed with his $44 billion purchase of the microblogging website. Musk is proposing to continue with $54.20 per share to buy Twitter, Reuters news agency reported citing Bloomberg News. After the news broke, Twitter's share price increased to 12.7 per cent before trading was stopped for the second time.

Twitter sues Elon Musk for backing out of $44 bn buyout

Twitter sues Elon Musk for backing out of $44 bn buyout

Rediff.com13 Jul 2022

As per The Verge, the lawsuit was filed in Delaware's court of chancery on Tuesday, accusing Musk of hypocrisy.

Elon Musk terminates $44bn deal to buy Twitter, faces legal threat

Elon Musk terminates $44bn deal to buy Twitter, faces legal threat

Rediff.com9 Jul 2022

Reacting to Musk's letter, Twitter's board chair Bret Taylor said on Saturday that they will file a lawsuit against the Tesla chief to 'force him to buy the social media company on the agreed terms'.

Biden rushed to safe house after unauthorised plane violates airspace

Biden rushed to safe house after unauthorised plane violates airspace

Rediff.com5 Jun 2022

United States President Joe Biden was rushed to a safe house in Rehoboth Beach, Delaware after a plane violated the airspace above the vacation home he owns in the small seaside town.

UK warns of plot to install pro-Russian leader in Ukraine

UK warns of plot to install pro-Russian leader in Ukraine

Rediff.com23 Jan 2022

The UK government has taken the unusual step of making a formal statement to warn of a Russian plot to install a pro-Kremlin leader in Ukraine amid growing tensions in the region.

Pandora Papers: A Rich Man's Game

Pandora Papers: A Rich Man's Game

Rediff.com20 Dec 2021

The money stashed away in tax havens is estimated at between $5.6 trillion and $32 trillion, numbers to make your eyes pop, asserts T N Ninan.

Warring promoters of IndiGo call for EGM on Dec 30

Warring promoters of IndiGo call for EGM on Dec 30

Rediff.com6 Dec 2021

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own 77.4 per cent stake in InterGlobe Aviation. In a regulatory filing on Monday, the company said it will convene an Extraordinary General Meeting (EGM) on December 30 to amend the AoA to remove restrictions on transfer of shares by the promoters.

My Mother-In-Law Zakia Jafri's 20 Year Wait For Justice

My Mother-In-Law Zakia Jafri's 20 Year Wait For Justice

Rediff.com24 Nov 2021

Every February 28th, Zakia Jafri relives the agony of witnessing the brutal massacre of her husband, former Congress MP Ahsan Jafri, along with scores of other women and children. Despite deteriorating health, her hope that those responsible will be brought to justice, remains strong, notes Najid Hussain.

Reliance sells last of its US shale gas assets

Reliance sells last of its US shale gas assets

Rediff.com8 Nov 2021

Reliance Industries Ltd has exited the last of its shale gas assets in the US after it agreed to sell its holding in Eagleford shale gas assets for an undisclosed sum of money.

Americans celebrate October as Hindu Heritage month

Americans celebrate October as Hindu Heritage month

Rediff.com26 Oct 2021

Hindus worldwide celebrate Navratri, Dussehra, Durga Puja, and Diwali around October. Hence, this month was considered by several US-based Hindu organisations to celebrate as the Hindu Heritage Month

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