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capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. These investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they want founder Byju Raveendran to loosen his day-to-day control over operations at the firm, the sources added.

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own.

This rare celestial spectacle has generated significant interest this year, coinciding with the sun's increased activity, which amplifies the occurrence of breathtaking natural phenomena in the night sky. Consequently, there have been numerous reports of people witnessing Steve in locations where it is not commonly observed, including parts of the United Kingdom. Approximately eight years ago, Elizabeth MacDonald, a space physicist at NASA's Goddard Space Flight Center, found herself in Calgary, Alberta, attending a seminar.

Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people aware of the development. Founded in 1885, Tokyo Gas is the city gas provider in the Tokyo metropolitan area and surrounding Kanto region. Tokyo Gas is doing due diligence at present, said sources.

The other top categories that topped sales were lifestyle and electronics during the recent festive shopping season. Mobile phones, adaptors, and earpods were the top-selling products in the electronics category with brands like Redmi, OnePlus and Boat taking the lead, according to the report. The report noted that 47% sales of beauty products were contributed by consumers in the 18-24 year age group. The report further flagged healthcare and nutrition as categories with greater awareness and demand, underscoring the competition among brands vying for limited space within marketplaces. Somdutta Singh, founder and chief executive at Assiduus Global Inc, said in a statement: “Embracing online shopping as the new norm, the Indian e-commerce sector is poised for remarkable expansion.” He said the surge was led by Gen Z and millennial consumers, indicating that the digitally savvy generation is dominating the online shopping space in India.

Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top

prima facie to be a case of trademark infringement. Pharmaceutical companies such as Sun Pharma are increasingly taking legal action over trademark infringement.

Vodafone Idea (Vi) may miss the December deadline to raise fresh funding as the debt-laden telecom operator has yet to finalise the terms of the potential deal with investors, officials aware of the discussions told ET. The company is, however, hopeful of closing the deal in the current quarter.

The 100 largest asset owners in the world saw their assets under management decline by 9% by the end of 2022 compared to the previous year, but still controlled more than $23 trillion in assets. But who are they?

MUMBAI : The insurance regulator has asked top executives of Care Health Insurance Ltd to explain the issue of stock options to non-executive chairperson Rashmi Saluja despite being told not to do so, two people aware of the matter said. On 22 November, officials of the Insurance Regulatory and Development Authority of India (Irdai) summoned Anuj Gulati and Anoop Singh of Care Health and questioned them about “excessive" stock options issued to Saluja and Gulati, the people said on the condition of anonymity. While Gulati is managing director and chief executive of Care Health, Singh is chief compliance officer.

The government is set to specify penalties for e-commerce companies misleading consumers into taking unintended decisions, as it tightens regulations on unfair trade practices by digital businesses. The guidelines for what’s known in the industry as dark patterns, or deceptive patterns, are expected in a matter of weeks, said an official informed about the development. The government decided to specify the penalties because the underlying consumer protection law does not specifically name ‘dark patterns’ as an unfair practice, although it has a broad scope and covers all deceptive practices and misrepresentations.

insurance sector found its feet in India, the players were following LIC because that was the only example in the country. And LIC did all the processes manually. Hence, in India the insurance sector started to invest in technologies quickly.

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A Key Fact Sheet (KFS) is a simplified document that provides borrowers with essential information about a financial product, such as a loan or a credit card. It is intended to help borrowers understand the key terms and conditions of the product and make informed decisions that align with their financial circumstances and risk tolerance.

As banks and non-banking financial companies become stringent in disbursing unsecured personal loans and credit card receivables after the Reserve Bank of India (RBI) increased the risk weights on these loans, borrowers should now keep the credit utilisation ratio (CUR) below 30%, experts say. Till now, loans were disbursed even at a CUR of 50%.

– By Mayur Mulani

Ramaswamy Narayanan, CMD, GIC RE, says, “our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well. Further, we have also got a credit rating boost from US credit rating agency, AM Best, since we are an international company doing business in over 150 countries we need a credit rating from an international agency. In our case, it is AM Best and they have boosted our credit rating as well.” There is a massive re-rating going on in the entire insurance space. It was started by private sector insurance companies in the last two, three days. Even the public sector enterprises, insurance and reinsurance companies are getting completely re-rated. The view in the market and the industry is that there could be policy making plus some impetus coming in which could improve volumes. What are your thoughts on the way business momentum is at your end? We are doing well. I guess maybe the interest coming forward now is based on the fact that the insurance industry is doing well now as well as maybe the understanding of what this industry is all about is also happening in the market. From GIC's perspective, our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well.

Sebi) has issued a show-cause notice to the local unit of Invesco, a US-based asset manager, for possible violations of mutual fund rules that potentially risked investor money, people familiar with the development told ET. Invesco is reportedly found to have shuffled securities between schemes in alleged violation of rules. However, the company is said to have defended its actions before the capital-markets regulator, arguing that investors did not lose money because of its actions as it shifted loss-making bonds of an eventually defaulting non-bank lender onto its own balance sheet to prevent erosion in investor wealth. Sebi's notice reportedly served a couple of months ago, alleges a lack of segregation between the mutual fund and portfolio management service activities, questionable inter-scheme transfer of securities compromising investor interests, and the transfer of certain securities to offshore funds ahead of potential downgrades, two sources aware of the development said. Invesco responded to the regulator's notice last month, one of the persons cited above said. Emails sent to Invesco Asset Management India and Sebi remained unanswered until the publication of this report.

SBI) managing director Diwakar Gupta is set to take charge as the chairman of the government-backed bad loan aggregator National Asset Reconstruction (NARCL), after the Reserve Bank of India (RBI) approved his nomination late last week, said three people aware of the development. Gupta, who is the chairman of the bad bank's agent, India Debt Resolution (IDRCL), will resign from the job to take charge at NARCL in the first week of December, the people said. «The RBI has given its approval a couple of days ago, clearing the decks for Gupta to take charge.