Byju’s founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, trustee for Term Loan B lenders.According to their legal counsel, the planned legal action will be pursued both in India and internationally, targeting those…
A coalition of leading US solar panel manufacturers has filed a formal petition urging the US commerce department to impose tariffs on solar imports from India, Indonesia, and Laos.The group alleges that producers in these countries are flooding the American market with artificially low-priced solar panels, harming the domestic solar manufacturing industry.According to a Reuters…
The Avendus Wealth–Hurun India U30 List 2025 has recognised 79 of India’s most promising entrepreneurs under the age of 30, showcasing the next generation of business leaders across key sectors like technology, finance, retail, healthcare, and consumer goods.Unveiled on Thursday as part of the Uth Series 2025, this first-ever Under-30 edition highlights both first-generation startup…
AMP 2047 (Image credits: IANS) The government of India has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the ‘Viksit Bharat @2047’ vision.The plan aims to establish India as a global leader in the automotive sector, focusing on innovation, sustainability, and increasing the country’s share in global…
Penalty tariffs by the US would mean that Russia’s crude oil imports would no longer be a lucrative option for India. US President Donald Trump’s fresh threat of 100% secondary tariffs on countries trading with Russia poses an important question – will India’s crude oil supply be hit? At present, India and China are the…
Wipro representative image IT major Wipro reported a 9.8% year-on-year increase in consolidated net profit to Rs 3,336.5 crore for the June quarter (Q1 FY25), as per its regulatory filing released on Thursday. In the same quarter last year, the company had posted a profit of Rs 3,036.6 crore.Wipro’s consolidated revenue from operations stood at…
The US Federal Communications Commission (FCC) announced on Wednesday that it plans to introduce new rules to block companies from connecting undersea communication cables to the United States if they include Chinese technology or equipment.“We have seen submarine cable infrastructure threatened in recent years by foreign adversaries, like China,” FCC Chair Brendan Carr said in…
Top executives at India’s private banks saw only modest increases in their FY25 pay packages, as the Reserve Bank of India maintained strict oversight on CEO compensation, with salaries, bonuses, and stock options requiring prior regulatory approval as part of a wider effort to ensure transparency and restraint, according to an ET report.Here is how…
The Unique Identification Authority of India (UIDAI) is taking steps to bolster the offline Aadhaar-based identity verification process, aiming to make it more secure, user-friendly, and widely adopted across financial and fintech services, as per two senior bankers. What is the key objective? The key objectives of UIDAI’s latest move are to allow Aadhaar-based KYC…
Over the upcoming 2 decades, Andhra Pradesh might evolve into a $2 trillion state economy! A state taskforce led by CM N Chandrababu Naidu has laid out a roadmap to turn the state into a $2.4 trillion economy by 2047. The taskforce is co-chaired by Tata Sons chairman N Chandrasekaran and includes top industry leaders.Naidu…
