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Byju Raveendran, the eponymous founder of Indian edtech titan Byju’s, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch, according to people familiar with the matter. Two homes owned by the former billionaire’s family in Bengaluru, in southern India, and his under-construction villa in Epsilon — a plush gated community in the city — were offered as collateral to borrow $12 million, the people said, asking not to be named as the information is not public. The startup used the funds to pay salaries to 15,000 employees in Byju’s parent firm, Think & Learn Pvt., on Monday, they said.

Who are the biggest whales in the bond market?

LED TV. These colossal screens have become the centrepiece of modern living rooms, transforming the way we consume content and bringing the cinema right into our homes. Today, we embark on a journey to explore the top 6 picks for the best 85-inch LED TVs, each carefully curated to offer you an unparalleled visual extravaganza.

By Stephen Nellis

₹50,000) and reports of rising delinquencies among small borrowers all point to a strain on household finances. Since about 80% of annual household borrowing is from banks and the rest from NBFCs, the RBI action may address the household debt problem to the extent that it limits funding from these sources. Banks have always been central to our financial system, but the systemic importance of NBFCs has increased in recent years as they have caught up with banks on various metrics.

Motilal Oswal Financial Services. For instance, BJP had lost these three states in December 2018, but won the 2019 Lok Sabha elections with a better majority than in 2014. Local issues predominantly influence state elections, while economic growth takes center stage in general elections.

Periodic Labour Force Survey (PLFS) of the National Sample Survey Office, Himachal Pradesh topped the urban unemployment chart with 33.9%, followed by Rajasthan with 30.20% among the age group of 15 to 29 years during July-September 2023, against the national average of 17.3% of the same age group during the period, reported PTI. The PLFS data also revealed that the urban female unemployment rate in Himachal Pradesh was 49.2% among the 15-29 age group in the July-September quarter of this fiscal year as compared to 25.3% of males in the state. Rajasthan registered 39.4% of urban female unemployment in the quarter as against 27.2% in males, the PLFS data revealed.

By Marc Jones

IBM on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now. Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far faster than classical silicon-based computers. The challenge has been to create quantum computers that are reliable enough in the real world to consistently beat conventional computers.

cricket team has made significant changes in administration, captaincy, and player composition. The team is now being scrutinized from a fresh perspective in all aspects. Despite their setback in the World Cup, Pakistan still holds the top position in the World Test Championship. With a series scheduled between December 14 and January 7, some Pakistani players have already arrived in Sydney for pre-game practice.

After weeks of toying with the 200-day MA, the Russell 2000 (IWM) pushed through this moving average with ease on higher volume accumulation.

Vinod Khosla, the first investor in OpenAI and co-founder of Sun Microsystems, has now weighed in on Narayan Murthy's controversial comments urging young people to work 70 hours a week to boost India's labour productivity. In a Q&A session, Khosla noted that people who felt offended by Murthy's comments "need mental therapy" and urged them to "learn to toughen up". Also Read: Want Sam Altman back at OpenAI, will back his next venture, says Vinod Khosla In reply to a post on X (formerly Twitter), Khosla wrote, "For people who "felt attacked" by this they need mental health therapy.

Cyclone Michaung News: As heavy rains batter the southern state of Tamil Nadu, coupled with strong winds, the southern and eastern coastline of India and the states attached to it were put on high alert. Several areas in Tamil Nadu were severely water-logged and therefore shutdown.

artificial intelligence and deepfakes. Deepfakes are videos or images that are created using Artificial Intelligence (AI)-powered deep learning software that show people saying and doing things that they didn't say or do. A bench headed by Acting Chief Justice Manmohan observed that technology cannot be «reined in» and the issue raised by the petitioner required deliberations which only the government could undertake.

Bank of India (RBI) shows that about ₹10.27 trillion was locked in bank deposits in fiscal year 2023. To put this number in perspective, only about ₹1.8 trillion household savings went into mutual funds through systematic investment plans (SIPs) in the same year. Due to RBI’s hawkish stance on retail inflation and the rising retail demand for credit, term deposit rates in India have risen to their highest in the past decade.

Majors rising across the board, stablecoin supply going up, and institutional money scrambling to get on-chain ahead of the Bitcoin ($BTC) Spot ETF. The trajectory is already clear and soon the pre-bull market phase will give way to the authentic bull market. That means another memecoin season is coming.

Taylor Swift was spotted Sunday night traveling to Lambeau Field with friend Brittany Mahomes to support boyfriend Travis Kelce during the Kansas City Chiefs game against the Green Bay Packers. The 12-time Grammy winner, dressed in all-black, complete with knee-high leather boots and a long, crimson coat, cheered on the other team. She wore her trademark red lipstick, of course. Taylor Swift, who was busy with her international Eras Tour, hasn't been able to make it to the last four games despite being something of a fixture at her beau's early-season games. She was expected to attend her boyfriend’s game which happened on November 20, but she needed to cancel due to bad weather in Brazil that resulted in the death of a fan. Taylor Swift after that went straight to Kansas City to be with him following her final show in Brazil on Sunday night.

Bitcoin (BTC) enthusiasts may have been receiving bad news in recent days, but the price of the coin seems unaffected. Meanwhile, Cosmos (ATOM) has also gained in value after the announcement of Eden. Meanwhile, investors are turning towards a new mystery token with the potential for 150% gains.

Tesla 's China-made electric vehicles skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday. Deliveries of China-made Model 3 and Model Y cars rose 14.3% from October.

GST collection has been showing an upward trend on an annual basis since its rollout on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is Rs 1.66 lakh crore, Finance Minister Nirmala Sitharaman said on Monday. In a written reply to a question in the Lok Sabha, she said the GST collection crossed Rs 1.50 lakh crore mark in every month of the current fiscal and had touched a record high of Rs 1.87 lakh crore in April 2023. «GST collection has been showing an upward trend on year-on-year basis since the implementation of GST w.e.f.

Diwali season, according to data from digital payments firm Visa. Further, the data shows that consumer credit card spending rose 18% YoY during Diwali, pointing towards the growing usage of credit cards in the Indian market during the festive season and lesser reliance on debit cards as a medium of transaction.