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Rediff News Raveendran puts Rs 4K cr own wealth into Byju's
http://rediff.ly/16i1vk
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of... Read more »»
Rediff News Raveendran puts Rs 4K cr own wealth into Byju's
http://rediff.ly/16i1vk
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.
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Rediff News 'We can deliver market-beating growth'
http://rediff.ly/16ho48
'We will continue to build new engines of growth in terms of innovations, enter newer categories, and look at newer... Read more »»
Rediff News 'We can deliver market-beating growth'
http://rediff.ly/16ho48
'We will continue to build new engines of growth in terms of innovations, enter newer categories, and look at newer propositions.'
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Rediff News Byju's pledges shares, real estate to fund operations
http://rediff.ly/16h6e3
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it... Read more »»
Rediff News Byju's pledges shares, real estate to fund operations
http://rediff.ly/16h6e3
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources aware of the development. Byju's founder Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members for paying salaries, sources said. "There is about Rs 50 crore gap per month in operational expenses where a large component is salary.
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Rediff News India Inc making workplace more inclusive for persons with disabilities
http://rediff.ly/16h2bh
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept... Read more »»
Rediff News India Inc making workplace more inclusive for persons with disabilities
http://rediff.ly/16h2bh
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
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Rediff News Adani Group net profit up 107% in first half of FY24 but sales slow down
http://rediff.ly/16fmle
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of... Read more »»
Rediff News Adani Group net profit up 107% in first half of FY24 but sales slow down
http://rediff.ly/16fmle
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
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Rediff News What Does Ranjan Pai's Re-Entry Mean For Byju's?
http://rediff.ly/16fkhq
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more... Read more »»
Rediff News What Does Ranjan Pai's Re-Entry Mean For Byju's?
http://rediff.ly/16fkhq
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
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Rediff News Capitalism only solution to poverty, says Murthy
http://rediff.ly/16f495
Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to... Read more »»
Rediff News Capitalism only solution to poverty, says Murthy
http://rediff.ly/16f495
Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha. "The government should function as a fair and transparent regulator. "On the entrepreneurs' side, they must recognise themselves as evangelists for capitalism.
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Rediff News Raymond independent directors urged to appoint interim CEO
http://rediff.ly/16f0t9
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd... Read more »»
Rediff News Raymond independent directors urged to appoint interim CEO
http://rediff.ly/16f0t9
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar.
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Rediff News 'Family Life Is As Important As Work Life'
http://rediff.ly/16drjh
'You have to have commitment to both, but it has to be done at the individual level.'
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Read more »»
Rediff News 'Family Life Is As Important As Work Life'
http://rediff.ly/16drjh
'You have to have commitment to both, but it has to be done at the individual level.'
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Rediff News Gold loan financiers get a thumbs up from stock market investors
http://rediff.ly/16cok0
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per... Read more »»
Rediff News Gold loan financiers get a thumbs up from stock market investors
http://rediff.ly/16cok0
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net interest income (NII) saw a margin expansion of 24 basis points (bps) Q-o-Q to 15.44 per cent.
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