Articles for tag: BCCI, Byjus, Court, Crore, Delays, Disputes, Drama, Financial, Fueling, insolvency, Proceedings, Settlement, Supreme

September 6, 2024

Supreme Court delays insolvency proceedings against Byju’s amid disputes over a ₹158.9 crore settlement with BCCI, fueling financial drama.

The Supreme Court has agreed to hear an appeal from Glas Trust Company LLC, a US creditor, regarding a recent NCLAT judgment that paused insolvency proceedings against Byju’s, the prominent ed-tech firm. This decision comes after NCLAT approved a Rs 158.9 crore settlement with the BCCI over outstanding sponsorship payments. Byju’s lawyers argue the petition ...

September 5, 2024

Market News

Business

Amidst the complexities of EV charging, unexpected delays turn a family road trip in Wyoming into a frustrating adventure.

Electric vehicle (EV) drivers often face unexpected challenges at charging stations, especially in places like Wyoming. A recent experience highlighted how advertised charging speeds can be misleading, as a Rivian SUV struggled to get a full charge from a station promising 350 kW, ultimately slowing a planned road trip by two hours. Factors like varying ...

September 5, 2024

Market News

Business

Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.

Prestige Estates Projects Ltd, a major real estate developer, has successfully raised Rs 5,000 crore through a Qualified Institutional Placement (QIP) aimed at institutional investors. The share allocation consisted of nearly 29.9 million equity shares priced at Rs 1,674 each, reflecting a 4.62% discount from the floor price. With a strong presence in southern India, ...

September 1, 2024

Market News

Business

Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles

Lenders to Reliance Capital Ltd have accused IndusInd International Holdings Ltd (IIHL) of delaying the resolution plan for the struggling financial firm. IIHL, which was approved to acquire Reliance Capital with a Rs 9,861-crore plan, has yet to receive necessary approval from the Department of Industrial Policy and Promotion (DIPP). This approval is needed because ...

August 31, 2024

Market News

Business

Trump Seeks Delays in Election Case As Courtroom Battles Loom

Donald Trump is gearing up for legal battles regarding the 2020 election interference case, aiming to delay proceedings until after the November presidential election. His legal team argues that the case includes allegations tied to his presidential duties, which may grant him some immunity from prosecution. However, Special Counsel Jack Smith is prepared to move ...

May 10, 2024

Market News

Business

USPS Board Member Urges Agency to Stop Mail Changes Amid Ongoing Delays

A United States Postal Service (USPS) board member is urging the agency to slow down its network changes due to ongoing delays in mail delivery. The board member is concerned about the impact of these changes on customers receiving their mail in a timely manner. The push to prevent further disruptions comes as the USPS ...