Reacting to a Singapore court’s decision against him, Byju’s founder Byju Raveendran said, “I am disappointed that the recent Singapore court matter has been pursued and reported in a manner that creates a misleading impression about me.”Byju Raveendran, the founder of failed edtech firm Byju’s, has been handed a six-month jail sentence by a Singapore…
Gold traded steady as markets closely monitored ongoing US-Iran peace negotiations and the broader inflation outlook. Sentiment remained cautious after the US military carried out fresh “defensive” strikes in southern Iran earlier this week, targeting vessels and missile launch sites near the Strait of Hormuz. Iran retaliated with missile fire toward US aircraft, while US…
Byju Raveendran (file photo) Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.The court directed Raveendran to undergo jail time after finding that he had failed to comply with…
Top stocks to buy (AI image) Stock market recommendations: AIA Engineering, State Bank of India (SBI), Hindustan Copper are the top stocks to buy on May 27, 2026, according to Mehul Kothari, DVP – Technical Research at Anand Rathi Shares.AIA Engineering: Trendline Breakout with Strong Momentum StructureBuy: ₹4170–₹4100 | Stop Loss: ₹3930 | Target: ₹4500AIA…
NEW DELHI: Maruti Suzuki on Tuesday rolled out a series of austerity measures for employees and business partners, to formally respond to Prime Minister Narendra Modi’s call to conserve fuel and reduce foreign exchange spending amid the ongoing West Asia conflict.In a post on X, the country’s largest carmaker said management should conduct business in…
NEW DELHI: The new index of industrial production (IIP) series, having 2022-23 as base year, is set to track for first time the output of rare earths and minor minerals, piped natural gas (PNG), water supply, sewerage and waste management — the Technical Advisory Committee (TAC) constituted to undertake base year revision under IIM Kozhikode…
CHENNAI: JK Tyre has announced one of the largest capacity expansion programmes among Indian tyre manufacturers, despite concerns over the impact of the West Asia crisis on raw material prices. The company has earmarked Rs 4,980 crore to expand the capacities of its truck and bus radial (TBR) and passenger car radial (PCR) tyre businesses…
MUMBAI: Tata Sons chairman N Chandrasekaran presented a three-year roadmap to narrow losses in the company’s new businesses at a marathon board meeting on Tuesday, even as his reappointment remains unresolved.The meeting, held at Tata Group headquarters Bombay House, covered three of the businesses – Air India, Tata Digital and Tata Electronics – reflecting the…
MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel inflation, wage hikes and compliance expenses could push industry costs up by 15-20% in the near term. An increase in fees is likely to require a revision in ATM…
The rupee weakened by 44 paise to close at 95.70 against the US dollar on Tuesday, pressured by renewed geopolitical tensions in West Asia, rising crude oil prices and a stronger American currency, PTI reported.Forex traders said weak domestic equities also added pressure on the local currency.At the interbank foreign exchange market, the rupee opened…
