BUSINESS
Shareholder Rebellion at Byju's: Attempt to Oust CEO and Family Members Met with Controversy"
Founder CEO Byju Raveendran, alongside his wife and brother—the sole members of the company board—opted to abstain from the extraordinary general meeting (EGM) orchestrated by a coalition of six investors, collectively holding over 32% stake in Think & Learn (T&L), the parent entity operating the online tutoring platform Byju's.
500 Stocks Surpass $1 Billion Market Cap Mark, Nearly Doubling Since 2019
Jefferies emphasizes India's standout performance among major emerging market economies, consistently delivering annualized returns exceeding 10% across 5-year, 10-year, 15-year, and 20-year periods. This sustained performance is attributed to India's participation in a multi-year cyclical uptrend. Despite India's growing weightage in the MSCI Emerging Markets index, foreign investors have yet to mirror this increase in their equity exposure, resulting in India's equities being the most under-owned by global emerging market funds since 2014. However, the report anticipates a shift in this trend in the near future.
Byju Raveendran and Board Members to Skip BYJU's Special Shareholder EGM
At the forthcoming meeting, shareholders of BYJU’S will vote on a resolution put forward by some investors aiming to remove founder and CEO Byju Raveendran and his family members due to alleged "mismanagement and failures."
RBI Governor Warns Against Premature Monetary Policy Decisions Amid Inflation Concerns
During the three-day meeting of the Monetary Policy Committee (MPC) from February 6-8, the committee opted to maintain the key policy rate at 6.5 percent for the sixth consecutive time, marking nearly a year since the repo rate remained unchanged at this level.
Government Permits Export of 54,760 Tons of Onions to Bangladesh, Mauritius, Bahrain, and Bhutan
Consumer Affairs Secretary Rohit Kumar Singh informed PTI that India has permitted the export of 50,000 tonnes of onions to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes to Bahrain, and 560 tonnes to Bhutan, effective immediately. These shipments will be facilitated by private traders until March 31, with the specifics currently under discussion.
Anupam Mittal's Jab at Ashneer Grover: 'The Shark Who Lost His Bite
At 'The Rage Room,' individuals are provided with a safe and controlled environment to release their stress and frustration through controlled destruction, offering a therapeutic outlet for emotional release.
India's Market Capitalization Set to Reach $10 Trillion by 2030
However, Jefferies suggests that this scenario is poised to change in the coming years as the market's free float increases and certain anomalies in weighting are rectified. Based on historical market performance over the past 15-20 years and considering anticipated new listings, India is projected to evolve into a nearly $10 trillion market by the year 2030. Such a substantial growth trajectory would render it impossible for major global investors to overlook.
Hyundai India's IPO Proposal: A Gateway for MNCs to Enter Indian Stock Markets
The trend of global MNCs finding success in the Indian stock market is undeniable. Companies like BAT (LON:BATS), with its stake in ITC, as well as Whirlpool, and now Hyundai, have all embarked on journeys to monetize their interests in Indian enterprises. This momentum is expected to encourage more multinational players to consider similar avenues for listing or asset monetization, according to the report.
Industry Body Forecasts Strengthened Electronics Manufacturing under PM Modi 3.0
Pankaj Mohindroo, Chairman of ICEA, emphasized that various emerging sectors such as cells, printed circuit boards (PCBs), displays, and semiconductors are poised to establish robust foundations in the coming years.
Industry Body Forecasts Strengthened Electronics Manufacturing under PM Modi 3.0
Pankaj Mohindroo, Chairman of ICEA, emphasized that various emerging sectors such as cells, printed circuit boards (PCBs), displays, and semiconductors are poised to establish robust foundations in the coming years.
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