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Byju’s takes Legal Action Against TLB Lenders, challenges debt- repayment acceleration-thumnail

Byju’s takes Legal Action Against TLB Lenders, challenges debt- repayment acceleration

Byju’s Battles TLB Lenders in Court, Takes on Redwood: Edtech giant Byju’s challenges the acceleration of a $1.2 billion loan, files a complaint and disqualifies Redwood. Amidst allegations, funding rounds, and delayed filings, the company remains resolute in its fight for fair treatment and seeks an amicable resolution.

Education

Jun 6, 2023

Apple Unveils New Mac Lineup: Introducing MacBook Air 15, Mac Studio, and Mac Pro, along with the Powerful M2 Ultra Chip-thumnail

Apple Unveils New Mac Lineup: Introducing MacBook Air 15, Mac Studio, and Mac Pro, along with the Powerful M2 Ultra Chip

“Apple Unveils New Mac Marvels: MacBook Air 15, Mac Studio, and Mac Pro, Powered by Game-Changing M2 Ultra Chip! Experience brilliance with a 15.3-inch liquid retina screen, Thunderbolt ports, and Dolby Atmos sound. M2 Ultra combines two chips for unrivaled performance. Get ready to revolutionize your Mac experience!”

New Launch

Jun 6, 2023

WestBridge Capital purchases majority stake in Kovai Pazhamudhir Nilayam of Tamil Nadu-thumnail

WestBridge Capital purchases majority stake in Kovai Pazhamudhir Nilayam of Tamil Nadu

According to sources, private equity firm WestBridge Capital has acquired a majority investment in Tamil Nadu-based fruits and vegetable retailer KPN Farm Fresh in an effort to increase its bets

Finance

Jun 6, 2023

Google chooses Eric Young as its new chief of engineering-thumnail

Google chooses Eric Young as its new chief of engineering

Eric Young, a former vice president of engineering at Alphabet Inc’s Google Cloud, will supervise Snap’s core infrastructure, which includes the popular photo messaging service Snapchat.

Business

Jun 6, 2023

The Japanese yen is weakening again, prompting another billion-dollar intervention-thumnail

The Japanese yen is weakening again, prompting another billion-dollar intervention

Because of recent currency weakening, some market observers believe that the central bank of Japan will continue to pursue its ultra-dovish monetary policy in an environment of high rates and

Finance

Jun 6, 2023

Embassy Office Parks REIT Secures Interest Savings Through NCDs-thumnail

Embassy Office Parks REIT Secures Interest Savings Through NCDs

Embassy Office Parks REIT, India’s first listed Real Estate Investment Trust (REIT), recently announced its successful debt raise of Rs 1,050 crore through non-convertible debentures (NCDs). This campaign is being held in order to refinance bank loans whose interest rates are about to reset.

Finance

Jun 5, 2023

“Byju’s Board approves IPO for Aakash Educational Services”-thumnail

“Byju’s Board approves IPO for Aakash Educational Services”

Byju’s, the world’s leading ed-tech startup, has received approval from its board to proceed with the initial public offering (IPO) of its tutoring services division, Aakash Educational Services. Byju’s aims

News

Jun 5, 2023

Investor Sentiment Deteriorates in Euro Zone Amid Concerns Over German Economy-thumnail

Investor Sentiment Deteriorates in Euro Zone Amid Concerns Over German Economy

Investor sentiment regarding the euro zone economy took a downturn in June, largely driven by negative expectations for Germany, the largest economy in Europe, according to a survey conducted by economic analysis company Sentix.

The monthly survey, which assesses whether investors hold positive or negative views on growth prospects, revealed a drop in sentiment to -17 points for June, compared to -13.1 in May. This figure was even lower than the expected -15.1 predicted by analysts surveyed by Reuters.

Finance

Jun 5, 2023

Private Sector Economic Activity Contracts in South Africa for Third Consecutive Month-thumnail

Private Sector Economic Activity Contracts in South Africa for Third Consecutive Month

Private sector economic activity in South Africa has contracted for the third month in a row, according to the latest survey from S&P Global. The South Africa Purchasing Managers’ Index (PMI) fell to 47.9 in May, marking its lowest level since July 2021. The PMI is an indicator of economic health, with readings above 50 indicating growth in activity.

Finance

Jun 5, 2023

Sentra.world, a climate tech firm, has raised $2 million in investment from Avaana Capital and others-thumnail

Sentra.world, a climate tech firm, has raised $2 million in investment from Avaana Capital and others

Sentra.world, a business focused on ESG (Environmental, social, and corporate governance), has secured $2 million in initial investment headed by Avaana Capital, an early-stage climate-tech venture capital firm. RPG Ventures and Golden Sparrow Ventures also invested in the round, according to a corporate statement announcing the injection.

Investment & Funding

Jun 5, 2023

China’s Services Sector Shows Growth in May, Fueling Economic Recovery-thumnail

China’s Services Sector Shows Growth in May, Fueling Economic Recovery

China’s services sector experienced a pick-up in activity during May, according to a private-sector survey released on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May, up from 56.4 in April. This expansion in the services sector supports China’s consumption-led economic recovery in the second quarter. The survey’s findings differ from the official PMI, which was made public last week and showed a slower rate of increase in the services sector.

Business

Jun 5, 2023

According To The FADA Report, India’s Retail Vehicle Sales Increased By 10% YoY In May-thumnail

According To The FADA Report, India’s Retail Vehicle Sales Increased By 10% YoY In May

Sales of two-wheelers, three-wheelers, passenger cars, and commercial vehicles increased as a result of the wedding season and expected changes to FAME subsidies that are due to take effect in June. According to the Federation of Automobile Dealers Associations’ (FADA) most recent figures, India’s Retail Vehicle Sales Increased By 10% YoY In May.

Automotive

Jun 5, 2023


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