Byju's Co-founders Byju Raveendran

The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan

Byju's accuses lenders of manufacturing fake debt crisis to extort money

Bloomberg

Bangladesh Prime Minister Sheikh Hasina. (Photo: ANI)

Sheikh Hasina

Prime Minister Sheikh Hasina on Tuesday said the armies of Bangladesh and India should strengthen their collaboration and suggested international peacekeeping operations as a new area for bilateral cooperation.
Hasina made these remarks when visiting Indian Army chief Gen Manoj Pande who arrived here on Monday on a two-day visit to Bangladesh paid a courtesy call at her official residence here.
"Cooperation and collaboration should be strengthened between the armies of the two neighbouring countries," a premier's office spokesman quoted Hasina as telling Gen. Pande.
Referring to setting up the Bangladesh Institute of Peace Support Operation Training (BIPSOT) by her government, Hasina said that there are opportunities for the exchange of activities between the two countries for mutual welfare.
The premier recalled with gratitude the support and role of the Indian government, the Indian Army and its people during Bangladesh's 1971 Liberation War while the two countries were enjoying 

Prime Minister Sheikh Hasina on Tuesday said the armies of Bangladesh and India should strengthen their collaboration and suggested international peacekeeping operations as a new area for bilateral cooperation.

Hasina stresses on cooperation between armies of Bangladesh, India

Press Trust of India

theatre

The Film Exhibitors United Organisation of Kerala (FEUOK) on Tuesday announced they will close down cinema halls across the state on June 7 and 8 protesting against the early release of movies on OTT platforms.
FEUOK's decision came after the producers of the movies, '2018' (2023) and 'Pachuvum Athbutha Vilakkum' (2023) which were running successfully in theatres, agreed to premiere the films on OTT platforms.
"The movies, '2018', 'Pachuvum Adbhudha Vilkakkum', were running successfully in theatres. We have decided to mark our protest, against the early release of such movies on OTT platforms, by closing the cinema halls on June 7 and 8...
"We have been repeatedly requesting the government to grant permission for OTT release of movies only after a stipulated period of time after its theatrical release," FEUOK president, K Vijayakumar said at a press meet here.
He said the early release of movies will make it difficult for the theatre owners to run cinema halls.
"We cannot run the 

The Film Exhibitors United Organisation of Kerala (FEUOK) on Tuesday announced they will close down cinema halls across the state on June 7 and 8 protesting against the early release of movies on OTT platforms.

Film exhibitors to shut cinema for 2 days as movies release early on OTT

The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India).
Manipal Health Enterprises Pvt Ltd (MHEPL) operates a chain of multi-speciality hospitals under the brand name 'Manipal Hospitals', while MEMG India is a wholly-owned subsidiary of RSP Trust India and belongs to the Pai family group.
In a tweet on Tuesday, CCI said it has approved the "proposed combination involving Manipal Health Enterprises Private Limited and Manipal Education and Medical Group India Private Limited".
The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India).

Competition Commission of India approves deal involving Manipal Group

The BJP took a swipe at Rahul Gandhi on Tuesday, saying it is "ironical" that while he "shamelessly" continues to criticise India's democracy during his US visit, the White House says India is a vibrant democracy.
It is a tight slap on the "yuvraj" of the Congress, BJP national spokesperson Syed Zafar Islam said.
The White House said Monday that India is a vibrant democracy and anybody who happens to go to New Delhi can see that for themselves, as it dismissed concerns about the health of democracy in India.
Prime Minister Narendra Modi will be on a state visit to the US later this month.
"Isn't it ironical that while Rahul Gandhi shamelessly continues to criticise our democracy during his US visit, the White House says India is a vibrant democracy. What a tight slap on Yuvraj of the Congress. Under PM Shri Narendra Modi our democracy is safe," Islam said.
He was reacting to the comments of John Kirby, Coordinator for Strategic Communications at the National Security Council in th

The BJP took a swipe at Rahul Gandhi on Tuesday, saying it is "ironical" that while he "shamelessly" continues to criticise India's democracy during his US visit, the White House says India is a vibrant democracy.

White House remarks on Indian democracy 'tight slap' on Rahul Gandhi: BJP

AAP spokesperson Saurabh Bharadwaj talking to media after filing his nomination from Greater Kailash constituency. Photo: ANI

AAP, Saurabh Bharadwaj

The Delhi government will implement a helium leakage detection technology in the city to effectively address the problem of contaminated water, minister Saurabh Bharadwaj said on Tuesday.
The technology involves injecting helium gas into a pipeline and then conducting drilling at multiple locations. If there is a leak in the pipeline, the gas will escape and rise to the surface, allowing technicians to precisely pinpoint the location of the leak.
Water Minister Bharadwaj said this modern technology will eliminate the need for road excavation and ground digging to identify leaks in the underground pipeline network, bringing relief to the residents of the national capital.
He visited Shahpur Jat on Tuesday to inspect the state-of-the-art equipment designed to detect leakage and contaminated water in the pipeline.
Bharadwaj personally tested the helium leakage detection technology to evaluate its success in identifying pipeline leaks, according to a statement.
Recent complaints regar

The Delhi government will implement a helium leakage detection technology in the city to effectively address the problem of contaminated water, minister Saurabh Bharadwaj said on Tuesday.

Delhi to implement helium leakage detection tech to address polluted water

Photo: Bloomberg

The Reserve Bank on Tuesday permitted international banking units (IBUs) in GIFT City in Gujarat to settle non-deliverable foreign exchange derivative contracts (NDDCs) in Indian rupee.
So far, derivatives are cash-settled in foreign currency.
As per the notification, Authorised Dealer (AD) Category-I banks operating IBUs can offer NDDCs involving the Indian rupee to resident non-retail users for hedging. Such transactions shall be cash settled in Indian rupee.
"The flexibility of cash settlement of NDDCs transactions between two AD Cat-I banks, and between an AD Cat-I bank and a person resident outside India in INR or any foreign currency," it said.
This will help develop the onshore rupee NDDC market and provide residents with the flexibility to efficiently design their hedging programmes, it said.
The RBI's decision to allow banks to offer Indian residents rupee NDDCs will help eliminate arbitrage between domestic and overseas markets.
Banks in India, which operate Internation

The Reserve Bank on Tuesday permitted international banking units (IBUs) in GIFT City in Gujarat to settle non-deliverable foreign exchange derivative contracts (NDDCs) in Indian rupee.

RBI permits international banking units at IFSC to settle NDDCs in rupee

Canada

Despite exhortation from India to act, Prime Minister Justin Trudeau has failed to take action against a new wave of Khalistani activism in Canada

India among top sources of foreign interference in Canada: PM Trudeau's NSA

IANS

fuel, prices, petrol, diesel, dealer, oil, crude

oil barrels

gasoline, diesel, fuel, petrol

Here is the best of Business Standard's opinion pieces for today

Best of BS Opinion: Transparent pricing, doubling down on sedition & more

Business Standard

morgan stanley, jonathan garner

For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum

Indian markets can withstand a somewhat expensive multiple: Jonathan Garner

A new addition in the Samsung 5G smartphone line, the Galaxy F54 5G boasts a 6.67-inch super AMOLED screen of 120Hz refresh rate, a 108MP primary camera sensor with optical image stabilisation.

Samsung Galaxy F54 5G: Unboxing and hands-on | India-centric midrange phone

Apple debuted its augmented reality headset named Vision Pro at WWDC23. Apple calls it a new kind of computer that augments reality by seamlessly blending the real world with the digital world. >

Apple unveils the new Vision Pro headset

Apple debuted its augmented reality headset named Vision Pro at WWDC23. Apple calls it a new kind of computer that augments reality by seamlessly blending the real world with the digital world.

Nearly 300 persons have been killed and 900 injured in the Odisha train accident. From Bagmati train accident to the Odisha tragedy, hundreds of people have been killed in a number of train accidents

From Bagmati to Odisha tragedy: Why do train accidents happen in India

Semiconductor Chip Race: Where does India stand in the race to manufacture one of the most wanted electronic components? Watch the video to know. >

Race to manufacture semiconductor chips: Where does India stand?

Semiconductor Chip Race: Where does India stand in the race to manufacture one of the most wanted electronic components? Watch the video to know.

Railways said that indigenously-developed automatic train protection system "Kavach," which was not installed on the route where the accident in Odisha's Balasore occurred, could not have prevented it

Why Kavach could not have prevented Odisha train accident: Indian Railways explains

Zimbabwe is now considered the most miserable country according to Steve Hanke's Annual Misery Index. But where does India stand? Watch this video to know

Take a look at the world's 'most miserable' countries

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers. >

'Sebi is keen that AMCs share the benefits of larger AUM with customers'

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers.

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes >

9 Game-Changing June Updates That Will Shake Your Wallet

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India >

Record-breaking sales: Apple's India stores reach Rs 25 cr monthly revenue mark

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India

When you buy any item, you may pay for it using an appropriate currency note. But have you ever wondered what the cost of printing that currency note is? Watch the video to find out

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