Byju Raveendran, the founder of Byju’s, once a big player in the edtech game with a $22 billion valuation, now says the company is basically worthless. He blames this on some bad decisions, fast expansion, and a tough market that got worse when key investors pulled out. Despite the gloomy news, Raveendran is still holding out hope for a bounce-back.
An Air India Express flight from Dubai to Jaipur made an emergency landing due to a bomb threat, the third incident within 24 hours. While no explosives were found, investigations are ongoing. This surge in threats has led to increased security measures in aviation.
Things are getting tense in Jammu and Kashmir as opposition parties are taking Omar Abdullah to task for his Cabinet’s resolution that pushes for statehood but totally skips over Article 370. This has sparked accusations of betrayal against the National Conference’s election promises.
Karnataka’s about to hit up Zomato, Uber, and Swiggy payments with a new cess to support gig workers. Announced by Labour Minister Santosh Lad, this move aims to fund health insurance and education for these essential workers, with a bill set to drop in December.
Tech Mahindra just dropped some impressive numbers for Q2, with net profit soaring 46.8% to ₹1250 crore and revenue up 2.4% to ₹13,313 crore. They scored big with deal wins hitting $603 million and are all about building solid client relationships and nailing operational excellence as they gear up for their FY27 goals.
A Vistara flight from Delhi to London was diverted to Frankfurt after a bomb threat showed up on social media. The plane landed safely and is now undergoing security checks. This comes amid a wave of similar threats hitting various flights, leading the Civil Aviation Ministry to think about tougher rules against these hoaxes.
Great news for JM Financial Products. The Reserve Bank of India (RBI) has finally lifted the restrictions that were holding them back. This decision is a big relief for the company and its clients, opening up new opportunities in the financial market.
The UDF in Kerala is revving up its campaign for Priyanka Gandhi Vadra ahead of the Wayanad bye-elections on November 13. They’re hitting the ground running with constituency events and home visits, hoping to rally the support that previously went to Rahul Gandhi.
Hyundai Motor India’s IPO has netted a staggering ₹493 crore in fees for investment bankers, marking it as the biggest in India’s history. Initially, it was a bit muted, but institutional investors jumped in, pushing the final subscription to 2.37x. So far this year, bankers have pulled in ₹2,100 crore from IPOs, a massive leap from last year’s earnings.
Geojit Financial Services Ltd is celebrating a huge 53% jump in its profit after tax (PAT) for Q2 of FY25, reaching ₹57.42 crore, up from ₹37.48 crore in Q2 of FY24. Their consolidated revenue has also taken a big leap, showing solid growth across key financial metrics.