BYJU'S founder, Byju Raveendran, regrets securing a $1.2 billion term loan in 2021, citing it as a key factor in the company's current financial struggles despite having other equity options. While acknowledging missteps in rapid global expansion and a missed opportunity with WhiteHat Jr., Raveendran considers the acquisition of Aakash Educational Services a success.
Related news
Following the Pahalgam terror attack, Anupam Mittal, a judge on Shark Tank India, is encouraging Indians to visit Kashmir to help boost the state's tourism. Mittal emphasized the importance of supporting Kashmir's economy after standing with the Indian Army.
A recent poll reveals a stark partisan divide regarding Elon Musk's role in government efficiency efforts. A majority of Democrats support imprisoning Musk for his involvement in the Department of Government Efficiency (DOGE), while Republicans largely oppose such measures.
India has suspended the Indus Waters Treaty. The Jal Shakti ministry informed the cabinet secretary. The treaty will remain inactive. This will continue until Pakistan stops supporting cross-border terrorism. Pakistan has requested India to reconsider the treaty. They cited the dependence of millions on the water regulated by it. The decision follows a terror attack in Pahalgam.
Pakistani singer Chahat Fateh Ali Khan's new patriotic song, “Meray Watan Meray Chaman,” celebrating a supposed ceasefire after Operation Sindoor, has gone viral despite his social media ban in India. The song sparked a wave of memes and sarcastic comments on platforms like X, with users humorously comparing it to a nuclear attack or Dhinchak Puja.
The Allahabad High Court has stated that Muslim men can marry more than once if they treat all wives equally, referencing Quranic permission for polygamy under specific conditions. This ruling came during a case involving Furkan, accused of bigamy and rape for marrying without disclosing his existing wife. The court dismissed the charges, acknowledging Muslim law allows multiple wives, and ordered further investigation while protecting Furkan from coercive action.
Chandrabhan Dubey, a security agency owner, was found murdered and his body was discovered in two bags in Surat's Althan area. Police investigations revealed that Rashid Ansari, Dubey's employee, allegedly kidnapped and killed him for a ransom of Rs 1 crore.
Elon Musk affirmed his commitment to remain Tesla's CEO for at least five more years, dismissing concerns over political backlash stemming from his association with Donald Trump. . “In terms of political spending, I’m going to do a lot less in the future," he said. Despite past sales dips and protests, Tesla's market capitalization has rebounded, exceeding a trillion dollars.
YouTuber Jyoti Malhotra has been arrested in Haryana for allegedly spying for Pakistan. Photos have emerged linking her to a man who delivered a cake to the Pakistan High Commission after the Pahalgam terror attack.
A 25-year-old Indian student in the US has been arrested for allegedly defrauding an elderly Michigan couple of $50,000. The stolen money was reportedly routed to India through angadia and forex companies in Ahmedabad. Authorities suspect a larger network using Indian students as mules in global fraud operations, transferring illicit funds via informal channels.
Indian ports are set to benefit from the global China+1 strategy as companies diversify manufacturing beyond China, according to Moody's Ratings. This shift could significantly boost port activity in India.