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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The allegations are the latest in a series of complaints against the resolution professional overseeing the edtech company’s management as it undergoes the insolvency process.
Aditya Birla Finance, one of the creditors of Byju's, has alleged that the interim resolution professional appointed by the National Company Law Tribunal wrongfully classified the lender as “operational creditor” instead of a “financial creditor”, Mint reported on Wednesday. The edtech giant is currently facing an insolvency resolution process.
Operational creditors are entities or individuals who aid a company in its business operations by supplying goods and services. Aditya Birla Finance maintains that it is a financial creditor instead. This means that Byju's has obtained loans or debt securities from the company. The latter has now filed a plea with …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
