Byju's secures commitment of USD 300 million for ongoing rights issue
Business | February 19, 2024 13:11 ISTBYJU'S initiated a rights issue to raise USD 200 million at an enterprise valuation ranging between USD 220-250 million in January.
BYJU'S initiated a rights issue to raise USD 200 million at an enterprise valuation ranging between USD 220-250 million in January.
The action against Paytm Payments Bank was triggered by what the RBI officials described as persistent non-compliance with regulations. Earlier this week, the ED began looking into details of overseas transactions on the platform.
The company's total income rose to Rs 5,746 crore, up from Rs 3,924 crore a year ago, while expenses increased to Rs 3,516 crore.
Snap's parent company, Snap, is reducing its workforce by 10%, which means around 530 employees will be laid off. Here's everything you need to know.
The development comes amid speculations over the company’s operations following Reserve Bank of India’s action against its associate Paytm Payments Bank. The Payments bank was asked to stop key operations from March 1 due to non-compliance.
The company said it conducted quality evaluations through a comprehensive analysis of customer reviews, ratings, and feedback.
Justice Linda Chan's ruling is expected to have significant consequences for China's financial markets, which are currently dealing with the repercussions of Evergrande's debt crisis.
The Apparel Export Promotion Council has asked for tax concessions for apparel manufacturers adopting international quality standards and complying with environmental, social, and corporate governance.
The number of weekly attacks per organisation reached 2,138 in India, a 15 per cent surge since the previous year.
Geo-tagging properties provides location-based identification of individual properties, leading to improved service delivery by the MCD.
The appointment follows the relocation of the incumbent CEO, Ahmed El Sheikh, to oversee PepsiCo's Middle East branch after his seven-year tenure with the India team.
Airbus got orders for 750 aircraft last year, delivering 75 units to Indian carriers, including 41 to IndiGo, 19 to Air India, 14 to Vistara, and one to Go First, said Maillard.
The UIDAI directive said that while Aadhaar serves as a unique identifier, it is not recognised as proof of date of birth as per the Aadhaar Act, 2016.
India imports some pulses to meet the domestic shortages. The country is the world's largest producer and consumer of pulses.
The consolidated revenue for Wipro in the third quarter stood at Rs 22,205 crore, a 4.40 percent year-on-year (YoY) decline.
The growth in both revenue and net profit comes amid Netflix's decision to reduce the price of its subscription plans in December 2021, leading to enhanced customer engagement and increased subscriber numbers in the calendar year 2022.
The bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) at Kapoor's behest despite the firm's weak financial condition, the CBI said.
Zomato has been asked by the tax authorities to pay penalties and interest from October 2019 to March 2022.
In the year 2023, about 82 percent of Nifty stocks have given positive returns so far this year. The highest rise of 1,291 percent was seen in the shares of Jai Balaji Industries. Apart from this, Geeke Wires saw a rise of 544%, Orionpro Solutions saw a rise of 501%.
Three months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.
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