Byju Raveendran, the visionary behind the renowned edutech giant, Byju’s, is on the brink of losing his managerial grip on the company he established in 2011. Once valued at $22 billion in 2022, Byju’s has faced a series of financial setbacks, causing its valuation to plummet to below $200 million.
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Former RBI Governor emphasizes the need for decentralized education and healthcare services to bolster India's economic progress.
Following multiple suicides due to harassment from private lenders, a crackdown has been initiated which will continue till July 31. As many as 134 FIRs have been filed in the special drive against 226 people who were lending money at excessive interest rates and subsequently pressing the borrowers to pay back.
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Speaking at a recent event, the Paytm CEO discussed the RBI's action against the company, acknowledging that they could have handled their responsibilities better and stating that they have learned their lesson.
The statement was made three months after the Ola group severed their relationship with Microsoft Azure and transferred all of their workload to their internal artificial intelligence (AI) company, Krutrim. With this shift, the firm is expected to save Rs 100 crore in expenses per year.
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Although Gujarat harvests a mere 7.42% of the country's potato production, Food Processing companies like McCain Foods, Iscon Balaji Foods and HyFun Foods produce frozen potato products which constitute the major chunk of the export.
As part of its efforts to streamline its workforce, Microsoft has announced layoffs. Employees in roles of product and program management have reportedly been affected at large by the layoff.
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