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Byju s, once the poster boy of Indian ed tech, stands on the precipice of collapse. Byju Raveendran, the educator turned entrepreneur pushed it to wild limits of growth, with 28 rounds of fundraising that ultimately valued it at $22 billion and a debt-fuelled spree of acquisitions. Now many of the moves have backfired. The company’s cash reserves are razed; it faces legal wrangles; has antagonised investors and is struggling to raise money. With angry investors calling for Raveendran’s ouster, is it the final chapter for this unicorn? Host Anirban Chowdhury talks to Nirgunan Tiruchelvam, head of consumer and internet at Aletheia Capital, ET’s Samidha Sharma, Manu Toms, and Rashmi Rajput. Tune in to the latest episode of The Morning Brief podcast! ....
What is the conflict between Burmans and the board of Religare that took just one knight to push through an open offer to get a seat at the table? Why did the board, amid questions of compensations and ESOP, back the CEO and sideline the single largest shareholder? Tune in as Arijit Barman and Kiran Somvanshi break down a corporate takeover that has become a full-blown, all-out war between a doctor and the Daburs. Throw in the board, a betting scam, ED sleuths, and SEBI in the mix, and you have a blockbuster battle. What can the board do, and whose court does the ball move to next? Shriram Subramanian, Founder & MD of InGovern, and ET’s Reena Zachariah and Rashmi Rajput break it down with the TMB hosts. Credits: CNBC-TV18 1, CNBC-TV18 2 ....
In the 1800-page supplementary prosecution complaint (PC) equivalent to a charge sheet, the federal anti-money laundering agency has also claimed that one of the accused, Asim Das, the courier who allegedly delivered the money to former Chhattisgarh Chief Minister, Bhupesh Bagel, and who had subsequently retracted his statement claimed that he did this under influence . In a fresh statement Das has claimed that he stands by his original statement. ....
Based on the true events of an Indian braveheart who vowed to bring law and order back to the crime capital of India, MX Original Series Bhaukaal returns for a highly anticipated second season. ....
A juice seller and small time contractor from Bhilai who built a popular betting app are being chased by the cops for a 5000 crore rupees money laundering scam. Also involved are A- listers of Bollywood such as Ranbir Kapoor, social media influencers and India’s most popular standup comedian that endorsed their betting app. From a paan stall in Bhilai to the plush confines of Dubai, from hawala transactions to high-end weddings, this is the story of Sourabh Chandrakar, Ravi Uppal and Mahadev Book. Host Anirban Chowdhury talks to Zulfiquar Memon, Founder & Managing Partner - MZM Legal LLP, and ET’s tracker of financial crimes Rashmi Rajput. Listen to the latest episode of The Morning Brief podcast!Credits: CNN-News18, TIMES NOW News 1, TIMES NOW News 2 and Zee News ....