BYJU’S’ lawsuit against its term loan lenders is simply an effort to avoid complying with its obligations, including making contractually required payments, the group of lenders said The response...
The release of the guidelines has ended the long wait of many fintech startups as lack of clarity had made banks and NBFCs wary of tying up with...
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India’s ed-tech unicorn Byju’s to lay off more than 1,000 employees: Reports

India's ed-tech unicorn Byju's has set itself up for another round of firings. As many as 1,000 employees are expected to be laid off...

Inflow in equity mutual fund halves to Rs 3,240 crore in May on profit booking

NEW DELHI: Inflow in equity mutual funds halved to Rs 3,240 crore in May, declining for the second consecutive month, primarily due to profit...

‘Meritless’: Byju’s term loan lenders respond to lawsuit filed by startup

NEW DELHI: Responding to the recent lawsuit filed by troubled edtech startup Byju's in the New York Supreme Court, a group of ad hoc...

Indian shares slide as RBI signals tight policy ahead

Indian shares snapped a four-day winning streak on Thursday, weighed by auto and consumer stocks after the Reserve Bank of India pushed bets of...

Naira Hits All-Time Low Amidst Grim World Bank Report on Nigeria’s Economy

Nigeria's currency, the Naira, has reached a historic low following the recent dollar auction conducted by the central bank, Bloomberg reported on Wednesday. The...

Reserve Bank of India keeps repo rate unchanged at 6.5%

The Reserve Bank of India has unanimously decided not to raise the repo rate as it expects retail inflation to decline further after it...

NBFCs Q4 loan sales inch up 2%; FY23 records 24% rise at Rs 16.93 lakh crore

MUMBAI: Pulled down by a demand deceleration from urban and semi-urban customers and a contraction in personal and home loans, non-bankers loan book grew...

Indian Cabinet approves third revival package of $11bn for BSNL

Indian Cabinet has given its approval to a revival package worth 890.47 billion rupees ($10.79 billion) for state-owned telecom operator BSNL.   "In a significant move,...

Cabinet: Union cabinet approves Huda City Centre-Cyber City metro project in Gurgaon

NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved metro connectivity from HUDA City Centre to Cyber City in...

US SEC goes after Coinbase just one day after suing Binance

Just one day after it went after world's largest cryptocurrency exchange Binance, the United States' Security and Exchange Commission (SEC) has sued Coinbase, the...

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