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'Byju's now worth zero': HSBC warns Prosus amid legal, financial troubles

'Byju's now worth zero': HSBC warns Prosus amid legal, financial troubles

Financial firm HSBC has cast significant doubt on the future of Indian edtech giant Byju's, assigning zero value to Prosus' nearly 10 per cent stake in the company. This stark evaluation comes amidst Byju's ongoing legal battles and deepening financial troubles.

Prosus, a Dutch-listed technology investment company, has invested $500 million in Byju's, marking one of its largest edtech bets in India, which has now soured.

Gold price climbs Rs 10 to Rs 73,430, silver rises Rs 100 to Rs 93,600

Gold price climbs Rs 10 to Rs 73,430, silver rises Rs 100 to Rs 93,600

Gold Price Today: The price of 24-carat gold went up by Rs 10 in early trade on Friday, with ten grams of the precious metal trading at Rs 73,430, according to the GoodReturns website. The price of silver also appreciated by Rs 100, with one kilogram of the precious metal selling at Rs 93,600.

The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 67,310.

Tripura to set up EV charging stations in Agartala, says power minister

Tripura to set up EV charging stations in Agartala, says power minister

Tripura Power Minister Ratan Lal Nath disclosed on Thursday that Tripura State Electricity Corporation Limited (TSECL) has decided to set up four electric vehicle charging stations in and around Agartala.

A proposal seeking necessary funds has been placed before the Bureau of Energy Efficiency (BEE) under the Union Ministry of Power.

Pune car crash: Teen's father, grandfather among 5 booked in suicide case

Pune car crash: Teen's father, grandfather among 5 booked in suicide case

Police have booked the father and grandfather of the juvenile involved in the May 19 Porsche car crash in Pune, and three others, in a separate case related to abetment of suicide of a businessman's son in the city, an official said on Thursday.

According to the police, a complaint in this regard was registered by a man, D S Kature, who runs a construction business in Pune's Vadgaon Sheri area, against one Vinay Kale, from whom his son Shashikant Kature, had taken a loan for construction work.

Dust storm hits Delhi-NCR, maximum temperature reaches 41.2 degrees Celsius

Dust storm hits Delhi-NCR, maximum temperature reaches 41.2 degrees Celsius

A strong dust storm hit several parts of Delhi-NCR on Thursday night, the weather department said.

According to the India Meteorological Department (IMD), The city is experiencing a change in the weather due to the impact of a new western disturbance.

Rahul seeks JPC probe into June 4 crash, calls it biggest stock market scam

Rahul seeks JPC probe into June 4 crash, calls it biggest stock market scam

Congress leader Rahul Gandhi on Thursday launched a scathing attack on Prime Minister Narendra Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman for allegedly providing specific investment advice related to the stock market before the announcement of the 2024 Lok Sabha election results.

Rahul Gandhi questioned why PM Modi, Amit Shah, and Nirmala Sitharaman made comments regarding the stock market.

Congress convenes CWC meet on June 8 to discuss Lok Sabha poll result

Congress convenes CWC meet on June 8 to discuss Lok Sabha poll result

The Congress has convened a meeting of its working committee on June 8 to discuss the Lok Sabha poll result.

Votes of the election were counted on June 4.

The meeting has been convened by Congress president Mallikarjun Kharge and he will chair it. Party leaders will discuss the outcome of the Lok Sabha election, sources said.

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee Entertainment Enterprises's board has approved a fundraise of up to $239.6 million, the Indian broadcaster said on Thursday.

The company had two major deals - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney - fail this year, and was forced to cut costs and reduce losses in its business to a meet key profit target.

251 of newly elected Lok Sabha MPs face criminal cases, 27 convicted: ADR

251 of newly elected Lok Sabha MPs face criminal cases, 27 convicted: ADR

As many as 251 (46 per cent) of the 543 newly elected Lok Sabha members have criminal cases registered against them and 27 of them have been convicted, according to an analysis by poll rights body Association of Democratic Reforms (ADR).

This is the highest number of candidates facing criminal charges to be elected to the Lower House.

Lok Sabha polls: How can Speaker post act as 'insurance' for Nitish, Naidu

Lok Sabha polls: How can Speaker post act as 'insurance' for Nitish, Naidu

Lok Sabha election 2024: Bihar Chief Minister Nitish Kumar and Andhra Pradesh CM designate Chandrababu Naidu are playing the role of kingmakers in the Lok Sabha elections as the Bharatiya Janata Party failed to secure the majority of 272 seats by itself this time.

Overall, the Bharatiya Janata Party emerged as the largest winner at 240 seats but needed the help of Nitish and Naidu to form the National Democratic Alliance government.

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