Page 677 - Reuters

Edtech major Byju's tells investors it will file 2022 earnings by Sept

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022

Byju's staff say morale waning amid turmoil amid layoffs at edtech firm

Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny

Ambitious plans for US-India technology sharing face export rules hurdle

Standing in the way are strict U.S. rules governing export of defense technology, including International Traffic in Arms Regulations (ITAR)

India's forex reserves rise to $596.10 billion in week to June 16

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.4750 during that week

Paris summit: Development banks can boost lending by $200 billion

"We ... expect an overall increase of $200 billion of MDBs' lending capacity over the next ten years by optimising their balance sheets and taking more risks," the summit's final statement said

Goldman Sachs likely to take big writedown on GreenSky acquisition: Report

Shares of Goldman fell 1.4% in morning trading

Regulator IRDAI approves transfer of HDFC Life shares to HDFC Bank

HDFC announced a $40 billion deal last year to merge with the top private lender

Byju's early investor Pai calls for better governance after auditor exit

Deloitte disclosed on Thursday that it was resigning as auditor because Byju's had delayed providing financial statements for 2021-22

Edtech major Byju's in talks with investors who quit board to reconsider

Byju's investors had in recent months raised concerns with the company's leadership related to audit delays and how it dealt with issues relating to its lenders, one source said

Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

Corporate affairs ministry ordered inspection of Byju's last week: Report

The ministry has taken cognisance of various corporate governance lapses at Byju's, the television channel reported

Corporate Affairs Ministry ordered inspection of Byju's recently: Report

We have not received any such correspondence from MCA regarding this, and are not aware of any such inspection, the spokesperson said in a statement

Why General Electric's plan to make jet engines in India is big deal

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

Rate hikes depend on India's inflation, not Fed, say external MPC members

Domestic markets have been concerned about India being pressured to follow the US Federal Reserve in raising rates to ensure that a too-narrow rate differential does not restrict dollar inflows

Boeing to invest $100 mn in infrastructure, pilot training in India

This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft

India to cut power tariff during solar hours, raise for peak hours

The system is expected to reduce demand on the grid during peak times when many Indian households crank up their use of airconditioning after work

BPCL in talks with Rosneft to buy oil priced on Dubai benchmark: Reports

The deal would deepen India's commitment to its now-biggest oil supplier in the wake of Western sanctions on Moscow and mark a continued shift by Rosneft to pricing its oil

Govt spending to drive India's growth in this fiscal, economists say: Poll

Weakness in consumption has shifted the onus onto the government to maintain strong economic growth by announcing record capital expenditure (capex) plans, given private investment has lagged

Sebi bars Eros Group entities, MD from securities mkt over irregularities

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

Interest rate hikes will come at a 'careful pace' from here: Fed's Powell

Powell did not specify his own view on when and how high rates should move. Most policymakers see at least two more quarter-point rate increases by the end of this year