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The talks were called off after the creditors moved court, accusing the edtech giant of hiding $500 million of funds raised.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.