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Amid Dispute With Investors, Byju Raveendran Says Can't Pay Salaries

Edited by NDTV News Desk | Sunday March 03, 2024

Amidst the ongoing financial crisis in Byju's, company CEO Byju Raveendran on Saturday said that the edtech firm will not be able to pay the salaries of its employees.

Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust

Edited by Samiran Mishra | Sunday March 03, 2024, New Delhi

Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.

Delhi Court Orders Bloomberg To Remove "Defamatory" Article Against Zee

NDTV News Desk | Friday March 01, 2024, New Delhi

A Delhi court has ordered Bloomberg Television Production Services India Pvt. Ltd to take down a defamatory article published against Zee Entertainment Enterprises Ltd.

Paytm Discontinues Inter-Company Agreements With Paytm Payments Bank

Reuters | Friday March 01, 2024, BENGALURU

Paytm and its payments bank unit have mutually agreed to discontinue various inter-company agreements in the process to reduce dependencies, the embattled payments firm said on Friday.

Pig-Butchering Crypto Scams Net More Than $75 Billion: Study

Zeke Faux, Bloomberg | Friday March 01, 2024

Pig-butchering scammers have likely stolen more than $75 billion from victims around the world, far more than previously estimated, according to a new study.

Crypto Exchange To Refund $1.1 Billion To Customers Locked Out Since 2022

Reuters | Friday March 01, 2024

Cryptocurrency exchange Gemini will return at least $1.1 billion to customers of its defunct lending program and pay a fine of $37 million for unsafe and unsound practices as part of a settlement with the New York Department of Financial Services.

GDP Growth Beats Estimates In 3rd Quarter, Economy To Expand 7.6% This Year

NDTV News Desk | Thursday February 29, 2024, New Delhi

India's economy expanded 8.4 per cent in the December quarter from a year earlier, compared with 7.6 per cent growth in the previous quarter, government data showed on Thursday.

Reliance, Disney Merge Assets To Create $8.5 Billion Media Powerhouse

Reuters | Wednesday February 28, 2024, New Delhi

Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals.

FMCG Firms Hike Prices By Up To 10% Amid Demand Slowdown

NDTV News Desk | Wednesday February 28, 2024, New Delhi

Fast-moving consumer goods (FMCG) firms are increasing prices by up to 10 per cent to keep revenue high amid a sustained slowdown in demand.

India's Booming Bond Market Attracts South Korean Investors

Wednesday February 28, 2024

The craze for India's booming bond market has reached as far as South Korea, where a bond fund that's been mostly dormant for a decade is suddenly getting lots of interest.

Chinese-Founded Fashion Giant Shein Likely To Launch IPO In UK Instead Of US: Report

Agence France-Presse | Wednesday February 28, 2024, London

Speculation mounted on Tuesday that Chinese-founded "fast fashion" giant Shein was mulling floating on the London Stock Exchange, with Sky News reporting that the UK government has held talks with its boss.

Adani Group's Rs 3,000 Crore Investment On Mega Ammunition Factories

PR Sanjai, Bloomberg | Tuesday February 27, 2024

Billionaire Gautam Adani's conglomerate started two defense facilities in northern India this week at an investment of Rs 3,000 crore ($362 million), bolstering the country's campaign to become self-reliant and promote local manufacturing.

Why Vijay Shekhar Sharma Resigned As Paytm Payments Bank Chairman

Edited by Samiran Mishra | Tuesday February 27, 2024, New Delhi

Paytm CEO Vijay Shekhar Sharma on Monday resigned as non-executive chairman and board member of Paytm Payments Bank, amid ongoing regulatory challenges faced by the digital payments giant.

Paytm May Partner With 4 Banks For UPI Transactions: Report

Reuters | Monday February 26, 2024, MUmbai

India's troubled Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular Unified Payments Interface (UPI), two sources aware of the development told Reuters.

Disney, Reliance Sign "Binding Pact" For Big Merger: Report

Agence France-Presse | Monday February 26, 2024, New Delhi

Reliance Industries has signed a "binding pact" for a merger deal with Walt Disney's local unit, Bloomberg News reported Monday, a major shakeup for the country's multi-billion dollar entertainment industry.