Valued at $22 billion in 2022, Byju's has seen its fortunes dwindle due to massive cash crunch, regulatory issues and disputes with investors, including battle with US lenders who are demanding $1 billion in unpaid dues, triggering the firm's insolvency.
Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'We open 65,000 savings accounts a day'
CHALLA SREENIVASULU SETTY, who took charge as chairman of State Bank of India (SBI) in August, says the conversion of net profit from operating profit is moving towards 70 per cent, which indicates culmination of efforts from all fronts. In an interview with Manojit Saha and Abhijit Lele in Mumbai, he says SBI is comfortable with liquidity with the overall credit-deposit (CD) ratio at a modest 68 per cent and the aim is to maintain the incremental CD ratio at 100 per cent. Edited excerpts:
Skill-based courses create job-ready grads: Coursera report
As many as 95 per cent of higher education leaders in India agree that micro-credentials strengthen students' career outcomes, indicating a shift towards skill-based education, said a recent report by edtech platform Coursera.
No plans at the moment to list GEG companies
In an interview with Jaden Mathew, Sharleen D'Souza, and Dev Chatterjee in Mumbai, GEG Chairman and Managing Director JAMSHYD GODREJ, and Executive Director NYRIKA HOLKAR say there is a shift in terms of R&D towards the fit, feel, finish, and the aesthetic aspect of products
CarDekho net revenue jumped 54% in FY24
CarDekho Group, the auto-tech and fintech solution provider, recorded a net revenue of ₹2,074 crore in FY24, a 54 per cent growth year-over-year from ₹1,347 crores in FY23.
RIL subsidiary takes stake in Wavetech Helium for $12 mn
A US subsidiary of Reliance Industries (RIL) has picked up a 21 per cent stake in US-based Wavetech Helium, Inc. (WHI), marking the oil-to-telecom conglomerate's expansion in the helium segment which has a significantly lower carbon footprint.
Telcos call for prompt notification of guidelines to curb spam calls
Telecom operators have urged the Department of Consumer Affairs (DoCA) to promptly notify the draft guidelines aimed at preventing spam calls and messages.
Abu Dhabi fund, Lanka port body back Adani
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani.
Supply chain spoke in Audi India's 2024 growth wheel
Automaker struggles to meet customer expectations despite strong demand
Nazara Tech raises ₹855 cr via preferential issue to fuel expansion
India's only listed gaming company Nazara Technologies has raised ₹855 crore ($101 million) via a preferential issue, which saw participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, and Think India Opportunities Master Fund LP, among others.
Leverage for primary steel cos may reach five-year high
High debt to impact financial metrics in FY25, says CRISIL
