Byju’s founder Byju Raveendran is preparing to file a $2.5 billion damages claim, alongside new evidence in a US court that he says disproves GLAS Trust’s allegations that $533 million in ‘Alpha Funds’ was diverted by the company’s founders. Illustration:
Digital Connexion, a joint venture between Brookfield, Reliance Industries and Digital Realty, on Wednesday announced an investment of $11 billion till 2030 for building 1 gigawatt (Gw) state-of-the-art AI-native, purpose-built data centres in Visakhapatnam, Andhra Pradesh. Illustration: Dominic Xavier/Rediff This
iPhone maker tells Delhi HC the antitrust watchdog has no jurisdiction to consider its global turnover. IMAGE: People visit the Apple Store to buy the newly launched iPhone 17 at Select City Walk, New Delhi. Kindly note that this image
Affordable homes, priced under Rs 40 lakh per unit, may not be attractive anymore, not just for developers but also for investors, with the segment seeing a 26 per cent price rise over three years since 2022 versus 40 per
The consumer price index (CPI)-based inflation hitting an all-time low in October would encourage the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) to cut the policy repo rate in its upcoming December 3-5 meeting. Photograph:
The government on Wednesday approved a Rs 7,280 crore scheme to promote manufacturing of rare earth permanent magnets, a move which would help reduce India’s dependence on China. IMAGE: A sample of bastnaesite ore, a mineral used in the rare
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act.
India’s merchandise exports grew in the first three weeks of November compared with the same period last year, according to preliminary government data, Commerce and Industry Minister Piyush Goyal said on Tuesday. Photograph: Kim Kyung-Hoon/Reuters The uptick comes despite global
Stock markets closed lower for the third consecutive session on Tuesday with the benchmark Sensex sliding nearly 314 points due to selling in IT and auto shares as foreign fund outflows dampened investor sentiment. Photograph: Francis Mascarenhas/Reuters In a volatile
Moody’s Ratings on Tuesday said tax cuts in the current fiscal has dented India’s revenue growth, leaving less scope for fiscal policy support for the economy. Photograph: Anushree Fadnavis/Reuters “Revenue growth has been fairly weak and there are probably some
