Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Byju’s, which offers online education and caters to all age groups, has benefited from a boom in online education … Read more
As per newspaper reports, the promoter Sameer Gehlaut has mandated Jefferies to sell the stake through the block deals. Key points to note – As at September end, promoter group owned 21.69% of Indiabulls Housing Finance Limited (IBHFL). Post this stake sale promoters will be left with less than 10% stake. Of the balance, currently … Read more
As per newspaper reports, Vodafone Idea (VIL) mentioned the following in an internal investors’ call – Equity funding, including from promoters is set to be tied up by March 2022. Company is targeting an annual capex of about $2 bn, which is 4x of the current annual capex of $500 mn. Both these communications are … Read more
“Beauty products will be a key focus for us from now on along with footwear and underwear”, Noel Tata, non-executive chairman of Trent said in an interview. Key points to note – Simone Tata, Noel Tata’s mother, had helped create Lakme in 1953 as the country’s first cosmetics brand. It was sold to Unilever’s Indian … Read more
Toyota said it wanted all models in its upscale Lexus brand to be electric by 2030 in the U.S., China and Europe. And it showed off more than a dozen of the 30 EV models it intends to have on sale by that year. Still, it cautioned that many of its customers, especially in the … Read more
Scientists have developed a new molecule that attaches to the surface of the SARS-CoV-2 virus and prevents it from entering human cells and spreading the COVID-19 infection. The researchers at Aarhus University in Denmark noted that the molecule is cheaper and easier to manufacture than the antibodies currently used to treat COVID-19, and to detect … Read more
TVS Motor and BMW Motorrad have announced the expansion of their cooperation agreement for future technologies and electric vehicles. Key points to note – In simple terms, for now it means they will co develop the electric vehicles (EVs). The 1st product through this new announcement is targeted to be ‘showcased’ in the next 24 … Read more