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Byju's files suit against investment management firm Redwood

Published on Jun 06, 2023 08:33 AM IST

The suit was filed to challenge the acceleration of a $1.2 billion term loan B and to disqualify Redwood for its predatory tactics.

Byju's logo seen on the screen of a mobile phone.(File )
Reuters | | Posted by Sreelakshmi B

Microsoft fined $20M by US for illegally collecting kids' personal data

Microsoft was charged with collecting personal information from children who signed up to its Xbox gaming system in the United States.

Microsoft has been charged with violating U.S. Children's Online Privacy Protection Act (COPPA).(AFP)
Published on Jun 06, 2023 05:53 AM IST
Reuters | | Posted by Nisha Anand

Adani Group repays loans worth $2.65 billion to complete prepayment programme

Moreover, rating agencies both domestic and international rating agencies have reaffirmed their ratings in all the group companies.

Gautam Adani. (Reuters)
Published on Jun 05, 2023 07:51 PM IST
PTI |

Sensex up by 230 points to end at 62,787; Nifty settles at 18,593

Asian Paints, Tech Mahindra, Nestle, Hindustan Unilever, Kotak Mahindra Bank and ITC were among the laggards.

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. (File image)(REUTERS)
Updated on Jun 05, 2023 04:11 PM IST
PTI |

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts

In the previous Monetary Policy Committee (MPC) meet, the central bank paused its rate hike cycle and stayed with the repo rate at 6.5%.

The Reserve Bank of India (HT_PRINT)
Published on Jun 05, 2023 12:34 PM IST
PTI |

Petrol, diesel prices on June 5: Check latest rates in your city

The prices of petrol and diesel in cities like Delhi and Mumbai did not change from the previous day.

Petrol, diesel prices: Petrol in the national capital Delhi was retailing <span class='webrupee'>?</span>96.72 per litre. (Representative image/ Istock)
Published on Jun 05, 2023 09:47 AM IST

Markets open in green with Sensex above 62,900; Nifty at 18,609

The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.

Early trade on Monday, extended their previous day's rally, amid optimistic trend in global markets.(MINT_PRINT)
Published on Jun 05, 2023 09:31 AM IST
PTI | | Posted by Lingamgunta Nirmitha Rao

These personal finance-related deadlines fall in June. Check details

If the deadlines are missed, individuals stand to face repercussions, including monetary penalties, account deactivation etc.

Meet these personal finance-related deadlines or else... (Representational Photo/REUTERS)
Published on Jun 04, 2023 11:54 AM IST
By, New Delhi

Applications for higher pensions to be assessed within 20 days of receipt: EPFO

The extended deadline to apply for higher pension on actual salary under the Employees' Pension Scheme (EPS) is June 26.

EPFO head office bhikaji cama place New Delhi EPFO Head office (Pradeep Gaur/Mint File Photo)
Published on Jun 04, 2023 10:43 AM IST
By, New Delhi

Employees unpaid, company rents Taj Land's End boardroom for ?80K a day

Broker Network’s problems reportedly began in August 2022. The company sought the help of Info Edge when it lacked funds to pay its employees.

Rahul Yadav
Published on Jun 03, 2023 01:50 PM IST

Indian-origin businessman offers luxury party on a plane and it costs…

The jet, with the registration code 9H-FIVE, with ‘H’ standing for ‘hotel’, will be operated by Zurich-based Comlux.

The party jet is fitted with LED lights, features a bedroom with a spacious king-size bed. (instagram)
Updated on Jun 03, 2023 11:39 AM IST

Closing bell: Sensex gains 118 points to close at 62,547; Nifty above 18,500

GST collections recorded a 12 per cent rise in May at over ?1.57 lakh crore, according to official data released on Thursday.

Closing bell: Sensex gains 118 points to close at 62,547; Nifty above 18,500
Updated on Jun 02, 2023 04:20 PM IST
PTI |

IndiGo to start flights to six destinations in Africa, Central Asia

Once these routes are operational, the budget airline will be connecting a total of 32 international destinations compared to 26 currently.

IndiGo said it will also be resuming daily services from Delhi to Hong Kong in August. This flight was suspended three years ago during the coronavirus pandemic.(REUTERS)
Published on Jun 02, 2023 02:57 PM IST
PTI |

Zerodha's Nithin Kamath shares Morgan Stanley report, hails Aadhaar, UPI

Zerodha CEO Nithin Kamath tweeted that growth in Indian digital transactions has been phenomenal thanks to the government.

Zerodha co-founder Nithin Kamath.(Mint file photo)
Published on Jun 02, 2023 02:27 PM IST

Lava’s Agni 2 efforts may prove a pivotal moment for Indian phone makers

Though the specs, ergonomics and visual elements leave little to change, Lava’s big bet with the unique warranty proposition may give the Agni 2 a distinct advantage

The Lava Agni 2 is priced at <span class='webrupee'>?</span>21,999 though there are some discounts you can snare. (Vishal Mathur / HT Photo)
Updated on Jun 02, 2023 09:27 AM IST

Markets open in green as Sensex rises by 195 points to open at 62,624

India's better-than-expected gross domestic product (GDP) and stronger corporate earnings for the fourth quarter also influenced investors' sentiments.

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. (File image)(REUTERS)
Updated on Jun 02, 2023 10:12 AM IST
ANI |

Petrol, diesel prices on June 2: What are the latest rates in your city?

Petrol, diesel prices: In the financial capital Mumbai, petrol is being sold at 106.31 per litre, while diesel at ?94.27 per litre.

Petrol, diesel prices: Petrol in the national capital Delhi was retailing <span class='webrupee'>?</span>96.72 per litre. (Representative image/ Istock)
Published on Jun 02, 2023 06:22 AM IST
By | Written by Shobhit Gupta

Gold slumps ?150, Silver price declines ?40. Check latest prices

Gold, silver prices: One gram of 24k gold is priced at ?6,076 while eight grams and 10 grams are priced at ?48,608 and ?60,760 respectively.

Last month, the 22k gold achieved the highest rate of <span class='webrupee'>?</span>57,200 on May 5.
Published on Jun 02, 2023 05:46 AM IST
By | Written by Shobhit Gupta

In May, UPI hits record 9 billion transactions worth ?14 lakh crore. Top points

UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years.

The overall value of the transactions in May stood at 14.89 lakh crore and saw an increase of 43% on year-over-year basis. (Mint file photo)
Published on Jun 01, 2023 11:23 PM IST
By | Edited by Aniruddha Dhar

GST collection rises 12% to ?1.57 lakh crore in May: Finance Ministry

During the month, revenue from import of goods was 12 per cent higher.

Goods and Services Tax (GST) collection in May last year was about <span class='webrupee'>?</span>1.41 lakh crore.(HT File Photo)
Updated on Jun 01, 2023 05:54 PM IST
PTI | | Posted by Sreelakshmi B

Europe's inflation drops to 6.1%, real relief for consumers still months away

It was a welcome sign that the explosion in price increases — which peaked in record double digits last October — is heading in the right direction.

While prices are rising more slowly, they are coming on top of already-high costs triggered by Russia's war in Ukraine and other factors.(AP)
Published on Jun 01, 2023 04:10 PM IST
AP | | Posted by Yagya Sharma

Sensex drops over 190 points to end at 62,428; Nifty at 18,488

Markets close in red as Sensex drops over 190 points to end at 62,428; Nifty at 18,488

Markets closing. (File)
Published on Jun 01, 2023 03:49 PM IST

TCS reacts to report of memos to staff over ‘work from office' rules

Last year, TCS had instructed its employees to work from office three days in a week (12 days a month) as the Covid-19 had begun subsiding

As per a news report, TCS had been sending memos to staffers who did not follow the directive of coming to office 12 days in a month. (Abhijit Bharlekar/Mint file photo)
Updated on Jun 01, 2023 03:20 PM IST

Byju’s lenders scrap talks to restructure $1.2 billion loan

Lenders can now sell the term loan B securities of the firm as the restraint that came as part of the negotiations is lifted, they said.

The move is a fresh challenge for one of India’s hottest tech companies, which has been working to appease creditors by offering prepayments and higher coupons to restructure the loan.(File/Representational)
Published on Jun 01, 2023 02:56 PM IST
Bloomberg |

Delhi High Court orders SpiceJet to pay ?380 crore to Sun Group’s Maran

Court asks to Ajay Singh-promoted airline to submit an affidavit of assets within four weeks.

The High Court ruling on May 29, 2023 originates from a long-running battle between the Maran family and the current promoter, Ajay Singh, and SpiceJet, over contractual obligations. (File)
Updated on Jun 01, 2023 02:46 PM IST
ByBinoy Prabhakar

Core sector output slows to 3.5% in April: NSO data

The eight core industries account for 40.27% of the Index of Industrial Production (IIP) for which April data will be released on June 12

The core sector expanded by 9.5% in April 2022. (Bloomberg file image)
Updated on Jun 01, 2023 01:49 PM IST

Elon Musk's China visit 'warmed his heart' but is over. Twitter boss flies out

Elon Musk met several top Chinese government officials during his visit to China, including foreign minister Qin Gang.

Tesla Chief Executive Officer Elon Musk walks at Shanghai Hongqiao International Airport in Shanghai.(Reuters)
Published on Jun 01, 2023 12:54 PM IST
Bloomberg |

Elon Musk meets Chinese vice premier in Beijing: Report

Musk left Shanghai on Thursday morning, wrapping up a two-day trip to China in which he also met a key battery supplier and visited Tesla's Shanghai factory.

Tesla chief executive officer Elon Musk walks next to Tesla's Senior Vice President Tom Zhu and Vice President Grace Tao as he leaves a hotel in Beijing, China(REUTERS)
Published on Jun 01, 2023 12:43 PM IST
Reuters |

India's May factory activity grows at fastest pace since Oct 2020

The Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to over a 2-1/2 year high of 58.7 in May from April's 57.2.

The PMI showed new orders expanded at the quickest pace since January 2021, while foreign demand grew at its fastest rate in six months.(AFP)
Published on Jun 01, 2023 11:01 AM IST
Reuters |

Opening bell: Sensex flat at 62,551 points, Nifty in green at 18,538

Asian Paints, Hindustan Unilever, Tech Mahindra, Tata Consultancy Services, Wipro and Axis Bank were among the gainers.

Representational Image.
Published on Jun 01, 2023 09:35 AM IST
PTI |
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