Month: March 2024

Byju’s vs BCCI: NCLT to hear case on Jan 17

The National Company Law Tribunal (NCLT) Bengaluru has scheduled the hearing of the Board of Control for Cricket in India (BCCI)’s plea against troubled edtech giant Byju’s case for January 17. The BCCI has sought initiation of insolvency proceedings against…

5G monetisation not on the cards, Arpu is a result of overall tariffs: Vittal

Within a year of launch of 5G services, Bharti Airtel has got 60 million users on this network. Its average revenue per user (Arpu) has crossed the targeted Rs 200-mark through a combination of tariff adjustments and migrating subscribers to…

Infrastructure cost overruns: 421 projects in India grapple with staggering Rs 4.40 lakh crore setback

An official report has revealed that as many as 421 infrastructure projects, each of which requires an investment of Rs 150 crore or more, faced a substantial cost overrun exceeding Rs 4.40 lakh crore in November 2023. The Ministry of…

Zepto raises another $31.25 million in Series E round

Recently turnt unicorn and quick commerce platform Zepto raised an additional sum of $31.25 million in a Series round of funding, with participation from Goodwater Capital, Nexus Venture Partners, and angel investors Oliver and Lish Jung, and Mangum II LLC,…

Steps to take if your loan application is rejected

Loan application rejections can stem from various factors. Commonly, inconsistencies or delays in debt payments stand out as primary reasons. Additionally, lack of awareness about how a negative credit history impacts loan approvals can lead to rejections. If you’ve recently…

Mcap of top 10 valued firms plunge Rs 1.52 lakh cr last week; Reliance, TCS biggest laggards

The combined market valuation of the top 10 valued companies plunged Rs 1,52,979.78 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit in an overall weak trend in equities. Last week, the BSE benchmark…

Rating firms unfair to India, other EMEs: FinMin economists

Questioning the three big global rating agencies for keeping India’s rating static at the lowest investment grade for the last 15 years despite it moving up the ladder from 12th largest to become fifth largest economy, Finance Ministry economists said…

Lok Sabha elections 2024: Chidambaram to head Congress’ Manifesto Committee, TS Singh Deo convenor

Ahead of the 2024 Lok Sabha elections, the Congress has constituted its Manifesto Committee and appointed former Union minister P Chidambaram as its chairman. Former Chhattisgarh deputy chief minister T S Singh Deo has been made the convenor of the…

Unemployment under Modi govt responsible for smartphone addiction among India’s youth: Rahul Gandhi

Congress leader Rahul Gandhi on Friday blamed the high levels of unemployment under the Prime Minister Narendra Modi-led government for the rising smartphone addiction among India’s youth. The Lok Sabha MP from Wayanad was addressing a gathering at Jantar Mantar…

Survival instincts in tears! Researcher says tears can reduce aggression

Researchers have discovered that human tears contain a substance capable of reducing aggression, suggesting that tears may have evolved to protect vulnerable infants. The study conducted by the Weizmann Institute of Science in Israel found that sniffing emotional tears from…